PRN: Global Hydraulic Pumps Market to Grow at a CAGR of 4.57% by 2021 - Latest Trend Gaining Momentum is Fire-Resistant Hydraulic Fluids - Research and Markets

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Global Hydraulic Pumps Market to Grow at a CAGR of 4.57% by 2021 - Latest Trend Gaining Momentum is Fire-Resistant Hydraulic Fluids - Research and Markets

 
[13-April-2017]
 

DUBLIN, Apr. 13, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Hydraulic Pumps Market 2017-2021" report to their offering.

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The global hydraulic pumps market to grow at a CAGR of 4.57% during the period 2017-2021.

The report, Global Hydraulic Pumps Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is fire-resistant hydraulic fluids. Mineral oils are the most commonly used hydraulic fluids. With the aim of conserving depleting energy resources, efforts are being made to switch to liquids that are more reliable and efficient. The increased workload on hydraulic pumps increases the rupture lines, which, in turn, increases the risk of fire.

According to the report, one of the major drivers for this market is growth of construction industry. Hydraulic pumps are extensively used in the construction sector, which is presently undergoing significant expansion globally and hence, is a primary driver for the growth of the hydraulic pumps market. There are a lot of factors leading to the expansion of the construction industry.

Further, the report states that one of the major factors hindering the growth of this market is sluggishness in Chinese economy. The Chinese economy is experiencing a slowdown since 2014, which will have an adverse impact on the country's hydraulic pumps market. In 2014, the Chinese economy grew by only 7.4% which is mainly because of the poor performance of the country's real estate sector and the huge manufacturing overcapacity in state-run enterprises.

Key vendors

  • Bosch Rexroth
  • Danfoss Power Solutions
  • Eaton
  • Parker Hannifin

Other prominent vendors

  • Actuant
  • Bailey International
  • Bucher Hydraulics
  • Casappa
  • Dalian Hydraulic Component
  • Others

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end-user

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Market challenges

PART 10: Impact of drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Key vendor analysis

PART 14: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/x94vqp/global_hydraulic

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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