According to the latest report by IMARC Group, “Global Hydraulic Tools Market Trends, Share, Growth, Industry Size, Opportunity and Forecast 2022-2027“, the global hydraulic tools market reached a value of US$ 1.47 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.95 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027.
Hydraulic tools are extensively utilized to operate hydraulic machines with pressurized fluid. They are used in constructing roads and highways, creating fences and barriers, and tunneling and mining to ease the movement of heavy items. They are flexible, portable, strong and can be hooked on a hydraulic system for numerous industrial purposes.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Hydraulic Tools Market Trends and Drivers:
One of the primary factors driving the market is the growing construction industry and rapid urbanization. Additionally, there has been a rising demand for material handling equipment in gas and oil, automotive, marine and railway industries, which is propelling the market growth. Besides this, the integration of electronics with hydraulic cylinders and the technological advancements in machines and tools are escalating the product demand.
Furthermore, extensive investments in sports infrastructure by governments of various nations are increasing the product adoption rate. Moreover, significant investments of key market players in research and development (R&D) activities to enhance hydraulic equipment, and the rising usage of hydraulic tools in the agriculture industry for livestock management and crop production are providing a positive thrust to the market growth.
Global Hydraulic Tools Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Atlas Copco North America LLC, BVA Hydraulics, Cembre S.p.A. (Lysne S.P.A.), Emerson Electric Co., Enerpac Tool Group Corp., Hangzhou WREN Hydraulic Equipment Manufacture Co Ltd., Hi-Force Limited, HTL Group Ltd., Kudos Mechanical Co Ltd., LUKAS Hydraulik GmbH (IDEX Corporation), SPX Flow Inc., Super Unique Enterprise Co. Ltd. and Tai Cheng Hydraulic Industry Co. Ltd.
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The report has segmented the market on the basis of region, type, distribution channel and end user.
Breakup by Type:
- Hydraulic Cylinder and Jack
- Hydraulic Rescue Tools
- Tension and Torque Tools
Breakup by Distribution Channel:
The Breakup by End User:
- Industrial Manufacturing
- Oil and Gas and Petrochemical
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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