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In China’s case, among the downstream application sectors, construction machinery accounted for 44% in 2020, higher than the rest.Īmerican and Japanese brands prevail in the global hydraulic market. Players at the upstream end of the hydraulic parts industry chain are suppliers of raw materials, precision castings and accessories including steel, pump/valve castings, seals and auxiliary materials the midstream provides hydraulic parts the wide range of downstream applications covers construction machinery, aviation & aerospace, metallurgical machinery, ship and offshore engineering, and new energy. As the world’s second largest economy and the biggest manufacturing power, China has a hydraulic power machinery and parts manufacturing industry taking up 30.6% of the global market by scale, just a bit lower than the US (32%), and far higher than other developed countries like Japan and Germany. The US, China, Germany, Japan and Italy are the top five consumers of hydraulic power machineries and components in the world. The scale of the hydraulic power machinery and parts manufacturing industry hinges on a country’s economic strength and level of industrialization. In future, the global market will show a fluctuant uptrend up to 2026 affected by the prosperity of the construction machinery industry, expectedly being valued at EUR36.1 billion in 2026, with CAGR of 1.6% during the period. In 2020, the global hydraulic parts market was worth EUR32.9 billion, sustaining AAGR of 3.9% from 2016 to 2020. The rapid urbanization of the emerging markets and the infrastructure improvement in rich world have driven up the demand for mobile machineries and also given a big boost to the global hydraulic and pneumatic power machinery and component manufacturing industry.
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16, 2021 (GLOBE NEWSWIRE) - announces the release of the report "Global and China Hydraulic Industry Report, 2021-2026". From now on simply get through it from your apartment or at the workplace from your smartphone or personal computer.New York, Dec. Send the e-form to the intended recipient.Ĭompleting The Grabber Credit Application - Grabber Construction Products does not need to be perplexing anymore.
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