Table of Content

1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION AND SCOPE 27
1.2.1 INCLUSIONS AND EXCLUSIONS 28
1.3 STUDY SCOPE 28
1.3.1 MARKETS COVERED 28
1.3.2 YEARS CONSIDERED 29
1.4 CURRENCY 29
1.5 LIMITATIONS 29
1.6 STAKEHOLDERS 30

2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 1 HYDRAULICS MARKET: RESEARCH DESIGN 31
2.1.1 SECONDARY & PRIMARY RESEARCH 32
2.1.2 SECONDARY DATA 33
2.1.2.1 List of major secondary sources 33
2.1.3 PRIMARY DATA 34
2.1.3.1 Primary interviews with experts 34
2.1.3.2 Key data from primary sources 34
2.1.3.3 Key industry insights 35
2.1.3.4 Breakdown of primaries 35
2.2 MARKET SIZE ESTIMATION 36
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: (SUPPLY SIDE): REVENUE OF PRODUCTS/SOLUTIONS/SERVICES OF HYDRAULICS MARKET 36
2.2.1 BOTTOM-UP APPROACH 37
2.2.1.1 Approach for arriving at market share by bottom-up analysis
(demand side) 37
FIGURE 3 HYDRAULICS MARKET: BOTTOM-UP APPROACH 37
2.2.2 TOP-DOWN APPROACH 38
2.2.2.1 Approach for capturing market share by top-down analysis
(supply side) 38
FIGURE 4 HYDRAULICS MARKET: TOP-DOWN APPROACH 38
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 39
FIGURE 5 DATA TRIANGULATION 39
2.4 RESEARCH ASSUMPTIONS 40
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3 EXECUTIVE SUMMARY 41
FIGURE 6 COVID-19 IMPACT ANALYSIS ON HYDRAULICS MARKET 41
3.1 REALISTIC SCENARIO 42
3.2 PESSIMISTIC SCENARIO 42
3.3 OPTIMISTIC SCENARIO 42
FIGURE 7 HYDRAULIC CYLINDERS SEGMENT ACCOUNTED FOR LARGEST SHARE OF HYDRAULICS MARKET IN 2019 43
FIGURE 8 MOBILE SEGMENT HELD LARGER SHARE OF HYDRAULICS MARKET IN 2019 44
FIGURE 9 AGRICULTURE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 45
FIGURE 10 APAC HYDRAULICS MARKET TO REGISTER HIGHEST CAGR DURING
FORECAST PERIOD 46

4 PREMIUM INSIGHTS 47
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR HYDRAULICS MARKET 47
FIGURE 11 HYDRAULICS MARKET TO WITNESS LUCRATIVE GROWTH
OPPORTUNITIES IN APAC 47
4.2 HYDRAULICS MARKET, BY COMPONENT 48
FIGURE 12 CYLINDERS SEGMENT TO REGISTER HIGHEST CAGR BETWEEN
2020 AND 2025 48
4.3 HYDRAULICS MARKET, BY END USER 49
FIGURE 13 CONSTRUCTION SEGMENT TO HOLD LARGEST SHARE OF HYDRAULICS MARKET BY 2025 49
4.4 HYDRAULICS MARKET, BY TYPE 50
FIGURE 14 MOBILE SEGMENT TO HOLD MAJOR SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD 50
4.5 HYDRAULICS MARKET, BY GEOGRAPHY 50
FIGURE 15 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF HYDRAULICS
MARKET IN 2025 50

5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
5.2.1 MARKET DRIVERS 51
5.2.1.1 Growing construction activities drive significant demand for hydraulic equipment 52
5.2.1.2 Increasing demand for material handling equipment 52
5.2.1.3 Rising demand for advanced agriculture equipment 52
5.2.1.4 Growing adaptation of hydraulic equipment by various industries 53
5.2.2 RESTRAINTS 53
5.2.2.1 Increased concerns regarding oil leaks 53
5.2.2.2 High manufacturing and maintenance costs 54
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5.2.3 OPPORTUNITIES 54
5.2.3.1 Growing focus on smart hydraulic equipment 54
5.2.3.2 Increasing adoption of electric vehicles 55
5.2.4 CHALLENGES 55
5.2.4.1 Availability of substitute products 55
5.3 VALUE CHAIN ANALYSIS 56
FIGURE 16 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED DURING ASSEMBLY STAGE 56
5.4 ECOSYSTEM 57
FIGURE 17 HYDRAULICS MARKET: ECOSYSTEM 57
TABLE 1 HYDRAULICS MARKET: ECOSYSTEM 58
5.5 PORTER’S FIVE FORCE ANALYSIS 58
TABLE 2 IMPACT OF EACH FORCE ON HYDRAULICS MARKET 58
5.6 CASE STUDY 59
5.6.1 USE CASE 1: EATON CORPORATION 59
5.6.2 USE CASE 2: PARKER-HANNIFIN CORP 59
5.6.3 USE CASE 3: BOSCH REXROTH 60
5.7 TECHNOLOGY ANALYSIS 60
5.7.1 INTRODUCTION 60
5.7.2 IMPACT OF IOT IN HYDRAULIC ECOSYSTEM 60
5.7.2.1 Introduction 60
5.7.2.2 IoT empowers control in hydraulic applications 60
FIGURE 18 MONITORING OF HYDRAULIC-BASED MACHINERY USING IOT 61
5.7.2.3 IoT offers remote control of plant systems 61
5.7.2.4 Integration of IoT with fluid power 62
5.7.2.5 IoT Sensors in hydraulics 62
5.7.3 INCREASING DIGITIZATION OF MOBILE HYDRAULIC PRODUCT PORTFOLIO 62
5.7.4 INCREASING USE OF DIFFERENT SENSOR TECHNOLOGIES IN
MOBILE HYDRAULICS 63
5.7.4.1 Position sensors have become vital in mobile hydraulic solutions 63
5.7.5 IMPACT OF 5G TECHNOLOGY IN HYDRAULIC ECOSYSTEM 63
5.7.6 SHIFT OF FUNCTIONALITY IN SOFTWARE ARCHITECTURE USED
FOR INDUSTRY 4.0 64
5.7.7 SOFTWARE & SERVICES 64
5.7.7.1 Software to help automate various tasks involved in running and monitoring devices 64
5.8 PRICING ANALYSIS 64
TABLE 3 AVERAGE SELLING PRICE BASED ON CYLINDER TYPE 65
5.9 TRADE ANALYSIS 65
5.9.1 EXPORT SCENARIO OF HYDRAULIC MOTORS & LINEAR ACTING CYLINDERS 65
TABLE 4 EXPORTS, BY COUNTRY, 2015–2019 (USD MILLION) 65
5.9.2 IMPORT SCENARIO OF HYDRAULIC MOTORS & LINEAR ACTING CYLINDERS 66
TABLE 5 IMPORTS, BY COUNTRY, 2015–2019 (USD MILLION) 66
5.10 PATENT ANALYSIS 67
5.11 REGULATORY LANDSCAPE 68
5.11.1 ISO 4413:2010 69
5.11.2 ISO 4409:2007 69
5.11.3 ISO 4401:2005 69

6 HYDRAULICS MARKET, BY COMMUNICATION TECHNOLOGY 70
6.1 INTRODUCTION 70
6.2 RADIOFREQUENCY 70
6.3 BLUETOOTH 70
6.4 WI-FI 71
6.5 3G/4G CELLULAR 71

7 HYDRAULICS MARKET, BY SENSOR 72
7.1 INTRODUCTION 72
FIGURE 19 HYDRAULICS MARKET, BY SENSOR 72
TABLE 6 HYDRAULICS MARKET, BY SENSOR, 2019–2025 (USD MILLION) 72
7.2 TILT SENSORS 73
7.2.1 UPSURGE IN USE OF TILT SENSORS IN MINING AND CONSTRUCTION INDUSTRY DRIVES SEGMENT 73
7.3 POSITION SENSORS 73
7.3.1 ACCELERATED TREND OF INDUSTRIAL AUTOMATION DRIVING DEMAND FOR POSITION SENSORS 73
7.4 PRESSURE SENSORS 74
7.4.1 LARGE-SCALE ADOPTION OF IOT AND REMOTE CONNECTIVITY TO INCREASE DEMAND FOR PRESSURE SENSORS 74
7.5 TEMPERATURE SENSORS 74
7.5.1 GROWING REQUIREMENTS FOR REAL-TIME TEMPERATURE MONITORING IN HYDRAULICS WILL DRIVE DEMAND FOR TEMPERATURE SENSORS 74
7.6 LEVEL SENSORS 74
7.6.1 IMPLEMENTATION OF IIOT AND INDUSTRY 4.0 IN HYDRAULICS FUELS DEMAND FOR LEVEL SENSORS 74
7.7 FLOW SENSORS 75
7.7.1 RISING DEMAND FOR SMART AND INTELLIGENT FLOW METERS FOR
REAL-TIME MONITORING 75

8 HYDRAULICS MARKET, BY TYPE 76
8.1 INTRODUCTION 77
FIGURE 20 MARKET SEGMENTATION, BY TYPE 77
TABLE 7 HYDRAULICS MARKET, BY TYPE, 2016–2019 (USD MILLION) 77
TABLE 8 HYDRAULICS MARKET, BY TYPE, 2020–2025 (USD MILLION) 77
FIGURE 21 MOBILE SEGMENT TO LEAD HYDRAULICS MARKET FROM 2020 TO 2025 78
8.2 MOBILE 78
8.2.1 MOBILE SEGMENT TO LEAD HYDRAULICS MARKET FROM 2020 TO 2025 78
TABLE 9 MOBILE HYDRAULICS MARKET, BY COMPONENT, 2016–2019 (USD MILLION) 79
TABLE 10 MOBILE HYDRAULICS MARKET, BY COMPONENT, 2020–2025 (USD MILLION) 79
TABLE 11 MOBILE HYDRAULICS MARKET, BY REGION, 2016–2019 (USD MILLION) 79
TABLE 12 MOBILE HYDRAULICS MARKET, BY REGION, 2020–2025 (USD MILLION) 80
8.3 INDUSTRIAL 80
8.3.1 INDUSTRIAL HYDRAULICS MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 80
TABLE 13 INDUSTRIAL HYDRAULICS MARKET, BY COMPONENT,
2016–2019 (USD MILLION) 81
TABLE 14 INDUSTRIAL HYDRAULICS MARKET, BY COMPONENT,
2020–2025 (USD MILLION) 81
TABLE 15 INDUSTRIAL HYDRAULICS MARKET, BY REGION, 2016–2019 (USD MILLION) 81
TABLE 16 INDUSTRIAL HYDRAULICS MARKET, BY REGION, 2020–2025 (USD MILLION) 82
9 HYDRAULICS MARKET, BY COMPONENT 83
9.1 INTRODUCTION 84
FIGURE 22 HYDRAULICS MARKET, BY COMPONENT 84
TABLE 17 HYDRAULICS MARKET, BY COMPONENT, 2016–2019 (USD MILLION) 84
TABLE 18 HYDRAULICS MARKET, BY COMPONENT, 2020–2025 (USD MILLION) 85
9.2 MOTORS 85
9.2.1 DESIGN UPGRADATION AND TECHNICAL INNOVATIONS IN HYDRAULIC MOTORS TO FUEL THEIR GLOBAL DEMAND 85
TABLE 19 HYDRAULICS MARKET FOR MOTORS, BY TYPE, 2016–2019 (USD MILLION) 86
TABLE 20 HYDRAULICS MARKET FOR MOTORS, BY TYPE, 2020–2025 (USD MILLION) 86
TABLE 21 HYDRAULICS MARKET FOR MOTORS, BY REGION,
2016–2019 (USD MILLION) 86
TABLE 22 HYDRAULICS MARKET FOR MOTORS, BY REGION,
2020–2025 (USD MILLION) 86
9.3 PUMPS 87
9.3.1 SURGE IN ADOPTION OF HYDRAULIC PUMPS TO INCREASE PRODUCTIVITY OF MACHINES 87
TABLE 23 HYDRAULICS MARKET FOR PUMPS, BY TYPE, 2016–2019 (USD MILLION) 87
TABLE 24 HYDRAULICS MARKET FOR PUMPS, BY TYPE, 2020–2025 (USD MILLION) 87
TABLE 25 HYDRAULICS MARKET FOR PUMPS, BY REGION, 2016–2019 (USD MILLION) 88
TABLE 26 HYDRAULICS MARKET FOR PUMPS, BY REGION, 2020–2025 (USD MILLION) 88
9.4 CYLINDERS 88
9.4.1 INCREASE IN FOCUS ON DEVELOPING SMART HYDRAULIC CYLINDERS 88
TABLE 27 HYDRAULICS MARKET FOR CYLINDERS, BY TYPE, 2016–2019 (USD MILLION) 89
TABLE 28 HYDRAULICS MARKET FOR CYLINDERS, BY TYPE, 2020–2025 (USD MILLION) 89
TABLE 29 HYDRAULICS MARKET FOR CYLINDERS, BY REGION,
2016–2019 (USD MILLION) 89
TABLE 30 HYDRAULICS MARKET FOR CYLINDERS, BY REGION,
2020–2025 (USD MILLION) 89
9.5 VALVES 90
9.5.1 SURGE IN DEMAND FOR ADVANCED DIGITAL HYDRAULIC VALVES TO FUEL GROWTH OF VALVES SEGMENT OF MARKET 90
TABLE 31 HYDRAULICS MARKET FOR VALVES, BY TYPE, 2016–2019 (USD MILLION) 90
TABLE 32 HYDRAULICS MARKET FOR VALVES, BY TYPE, 2020–2025 (USD MILLION) 90
TABLE 33 HYDRAULICS MARKET FOR VALVES, BY REGION, 2016–2019 (USD MILLION) 91
TABLE 34 HYDRAULICS MARKET FOR VALVES, BY REGION, 2020–2025 (USD MILLION) 91
9.6 TRANSMISSIONS 91
9.6.1 GROWTH IN DEMAND FOR HYDRAULIC TRANSMISSIONS FOR OPERATING HEAVY-DUTY MACHINERY 91
TABLE 35 HYDRAULICS MARKET FOR TRANSMISSIONS, BY TYPE,
2016–2019 (USD MILLION) 92
TABLE 36 HYDRAULICS MARKET FOR TRANSMISSIONS, BY TYPE,
2020–2025 (USD MILLION) 92
TABLE 37 HYDRAULICS MARKET FOR TRANSMISSIONS, BY REGION,
2016–2019 (USD MILLION) 92
TABLE 38 HYDRAULICS MARKET FOR TRANSMISSIONS, BY REGION,
2020–2025 (USD MILLION) 92
9.7 ACCUMULATORS 93
9.7.1 INCREASE IN DEVELOPMENT OF ENERGY-EFFICIENT HYDRAULIC ACCUMULATORS TO CONTRIBUTE TO MARKET GROWTH 93
TABLE 39 HYDRAULICS MARKET FOR ACCUMULATORS, BY TYPE,
2016–2019 (USD MILLION) 93
TABLE 40 HYDRAULICS MARKET FOR ACCUMULATORS, BY TYPE,
2020–2025 (USD MILLION) 93
TABLE 41 HYDRAULICS MARKET FOR ACCUMULATORS, BY REGION,
2016–2019 (USD MILLION) 94
TABLE 42 HYDRAULICS MARKET FOR ACCUMULATORS, BY REGION,
2020–2025 (USD MILLION) 94
9.8 FILTERS 94
9.8.1 RISE IN DEMAND FOR HYDRAULIC FILTERS FROM VARIOUS END-USE INDUSTRIES TO LIMIT SYSTEM FAILURES TO CONTRIBUTE TO MARKET GROWTH 94
TABLE 43 HYDRAULICS MARKET FOR FILTERS, BY TYPE, 2016–2019 (USD MILLION) 95
TABLE 44 HYDRAULICS MARKET FOR FILTERS, BY TYPE, 2020–2025 (USD MILLION) 95
TABLE 45 HYDRAULICS MARKET FOR FILTERS, BY REGION, 2016–2019 (USD MILLION) 95
TABLE 46 HYDRAULICS MARKET FOR FILTERS, BY REGION, 2020–2025 (USD MILLION) 95
9.9 OTHERS 96
TABLE 47 HYDRAULICS MARKET FOR OTHER COMPONENTS, BY TYPE,
2016–2019 (USD MILLION) 96
TABLE 48 HYDRAULICS MARKET FOR OTHER COMPONENTS, BY TYPE,
2020–2025 (USD MILLION) 96
TABLE 49 HYDRAULICS MARKET FOR OTHER COMPONENTS, BY REGION,
2016–2019 (USD MILLION) 96
TABLE 50 HYDRAULICS MARKET FOR OTHER COMPONENTS, BY REGION,
2020–2025 (USD MILLION) 97
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10 HYDRAULICS MARKET, BY END USER 98
10.1 INTRODUCTION 99
FIGURE 23 HYDRAULICS MARKET, BY END USER 99
FIGURE 24 CONSTRUCTION INDUSTRY TO HOLD LARGEST SIZE OF
HYDRAULICS MARKET IN 2020 99
TABLE 51 HYDRAULICS MARKET, BY END USER, 2016–2019 (USD MILLION) 100
TABLE 52 HYDRAULICS MARKET, BY END USER, 2020–2025 (USD MILLION) 100
10.2 CONSTRUCTION 101
10.2.1 CONSTRUCTION INDUSTRY TO LEAD HYDRAULICS MARKET, IN TERMS OF SIZE, DURING FORECAST PERIOD 101
TABLE 53 HYDRAULICS MARKET FOR CONSTRUCTION, BY REGION,
2016–2019 (USD MILLION) 101
TABLE 54 HYDRAULICS MARKET FOR CONSTRUCTION, BY REGION,
2020–2025 (USD MILLION) 102
10.2.2 IMPACT OF COVID-19 ON CONSTRUCTION INDUSTRY 102
10.3 AEROSPACE 103
10.3.1 INCREASING DEMAND FOR ELECTRO-HYDRAULIC COMPONENTS TO
FUEL GROWTH OF HYDRAULICS MARKET 103
TABLE 55 HYDRAULICS MARKET FOR AEROSPACE, BY REGION,
2016–2019 (USD MILLION) 103
TABLE 56 HYDRAULICS MARKET FOR AEROSPACE, BY REGION,
2020–2025 (USD MILLION) 103
10.3.2 IMPACT OF COVID-19 ON AEROSPACE INDUSTRY 104
10.4 MATERIAL HANDLING 104
10.4.1 MATERIAL HANDLING SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD 104
TABLE 57 HYDRAULICS MARKET FOR MATERIAL HANDLING, BY REGION,
2016–2019 (USD MILLION) 104
TABLE 58 HYDRAULICS MARKET FOR MATERIAL HANDLING, BY REGION,
2020–2025 (USD MILLION) 104
10.4.2 IMPACT OF COVID-19 ON MATERIAL HANDLING INDUSTRY 105
10.5 AGRICULTURE 105
10.5.1 INCREASING DEMAND FOR HIGH-TECH AGRICULTURAL MACHINERY AND EQUIPMENT 105
TABLE 59 HYDRAULICS MARKET FOR AGRICULTURE, BY REGION,
2016–2019 (USD MILLION) 106
TABLE 60 HYDRAULICS MARKET FOR AGRICULTURE, BY REGION,
2020–2025 (USD MILLION) 106
10.5.2 IMPACT OF COVID-19 ON AGRICULTURAL INDUSTRY 106
10.6 MINING 107
10.6.1 BENEFITS OF HYDRAULICS OVER CONVENTIONAL TECHNIQUES TO FUEL DEMAND FOR HYDRAULICS IN MINING INDUSTRY 107
TABLE 61 HYDRAULICS MARKET FOR MINING, BY REGION, 2016–2019 (USD MILLION) 107
TABLE 62 HYDRAULICS MARKET FOR MINING, BY REGION, 2020–2025 (USD MILLION) 107
10.6.2 IMPACT OF COVID-19 ON MINING INDUSTRY 108
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10.7 AUTOMOTIVE 108
10.7.1 INCREASING APPLICATION OF HYDRAULICS IN AUTOMOTIVE INDUSTRY TO CREATE LUCRATIVE GROWTH OPPORTUNITIES 108
TABLE 63 HYDRAULICS MARKET FOR AUTOMOTIVE, BY REGION,
2016–2019 (USD MILLION) 108
TABLE 64 HYDRAULICS MARKET FOR AUTOMOTIVE, BY REGION,
2020–2025 (USD MILLION) 109
10.7.2 IMPACT OF COVID-19 ON AUTOMOTIVE INDUSTRY 109
10.8 MARINE 109
10.8.1 ASIA PACIFIC MARKET FOR MARINE INDUSTRY TO HOLD LARGEST SIZE DURING FORECAST PERIOD 109
TABLE 65 HYDRAULICS MARKET FOR MARINE, BY REGION, 2016–2019 (USD MILLION) 110
TABLE 66 HYDRAULICS MARKET FOR MARINE, BY REGION, 2020–2025 (USD MILLION) 110
10.8.2 IMPACT OF COVID-19 ON MARINE INDUSTRY 110
10.9 METAL & MACHINERY MANUFACTURING 111
10.9.1 INCREASING DEMAND FOR PREDICTIVE MAINTENANCE IN MANUFACTURING INDUSTRY TO PROPEL DEMAND FOR SMART HYDRAULICS 111
TABLE 67 HYDRAULICS MARKET FOR METAL & MACHINERY MANUFACTURING,
BY REGION, 2016–2019 (USD MILLION) 111
TABLE 68 HYDRAULICS MARKET FOR METAL & MACHINERY MANUFACTURING,
BY REGION, 2020–2025 (USD MILLION) 111
10.10 OIL & GAS 112
10.10.1 ROW TO BE FASTEST-GROWING REGION IN HYDRAULICS MARKET FOR OIL & GAS INDUSTRY 112
TABLE 69 HYDRAULICS MARKET FOR OIL & GAS, BY REGION,
2016–2019 (USD MILLION) 112
TABLE 70 HYDRAULICS MARKET FOR OIL & GAS, BY REGION,
2020–2025 (USD MILLION) 112
10.10.2 IMPACT OF COVID-19 ON OIL & GAS INDUSTRY 113
10.11 OTHERS 113
TABLE 71 HYDRAULICS MARKET FOR OTHERS, BY REGION, 2016–2019 (USD MILLION) 113
TABLE 72 HYDRAULICS MARKET FOR OTHERS, BY REGION, 2020–2025 (USD MILLION) 114

11 GEOGRAPHIC ANALYSIS 115
11.1 INTRODUCTION 116
FIGURE 25 HYDRAULICS MARKET, BY REGION 116
FIGURE 26 GEOGRAPHIC SNAPSHOT: HYDRAULICS MARKET 116
TABLE 73 HYDRAULICS MARKET, BY REGION, 2016–2019 (USD MILLION) 117
TABLE 74 HYDRAULICS MARKET, BY REGION, 2020–2025 (USD MILLION) 117
11.2 NORTH AMERICA 118
FIGURE 27 SNAPSHOT OF HYDRAULICS MARKET IN NORTH AMERICA 118
11.2.1 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET 119
11.2.2 US 119
11.2.2.1 US to hold largest size of North American market during
forecast period 119
11.2.3 CANADA 119
11.2.3.1 Growth of Canadian market to be driven by expanding mining industry 119
11.2.4 MEXICO 120
11.2.4.1 Growth of Mexican market to be driven by growing oil & gas industry 120
TABLE 75 HYDRAULICS MARKET IN NORTH AMERICA, BY COUNTRY,
2016–2019 (USD MILLION) 120
TABLE 76 HYDRAULICS MARKET IN NORTH AMERICA, BY COUNTRY,
2020–2025 (USD MILLION) 121
TABLE 77 HYDRAULICS MARKET IN NORTH AMERICA, BY COMPONENT,
2016–2019 (USD MILLION) 121
TABLE 78 HYDRAULICS MARKET IN NORTH AMERICA, BY COMPONENT,
2020–2025 (USD MILLION) 121
TABLE 79 HYDRAULICS MARKET IN NORTH AMERICA, BY END USER,
2016–2019 (USD MILLION) 122
TABLE 80 HYDRAULICS MARKET IN NORTH AMERICA, BY END USER,
2020–2025 (USD MILLION) 122
TABLE 81 HYDRAULICS MARKET IN NORTH AMERICA, BY TYPE,
2016–2019 (USD MILLION) 123
TABLE 82 HYDRAULICS MARKET IN NORTH AMERICA, BY TYPE,
2020–2025 (USD MILLION) 123
11.3 EUROPE 124
FIGURE 28 SNAPSHOT OF HYDRAULICS MARKET IN EUROPE 124
11.3.1 IMPACT OF COVID-19 ON EUROPEAN MARKET 125
11.3.2 GERMANY 125
11.3.2.1 Significant presence of leading manufacturers of hydraulic equipment in Germany to drive market growth 125
11.3.3 FRANCE 125
11.3.3.1 Rising demand for material handling equipment to drive market growth in France 125
11.3.4 UK 126
11.3.4.1 Expanding marine industry to boost demand for hydraulics in UK 126
11.3.5 REST OF EUROPE 126
TABLE 83 HYDRAULICS MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION) 126
TABLE 84 HYDRAULICS MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION) 127
TABLE 85 HYDRAULICS MARKET IN EUROPE, BY COMPONENT,
2016–2019 (USD MILLION) 127
TABLE 86 HYDRAULICS MARKET IN EUROPE, BY COMPONENT,
2020–2025 (USD MILLION) 127
TABLE 87 HYDRAULICS MARKET IN EUROPE, BY END USER,
2016–2019 (USD MILLION) 128
TABLE 88 HYDRAULICS MARKET IN EUROPE, BY END USER,
2020–2025 (USD MILLION) 128
TABLE 89 HYDRAULICS MARKET IN EUROPE, BY TYPE, 2016–2019 (USD MILLION) 129
TABLE 90 HYDRAULICS MARKET IN EUROPE, BY TYPE, 2020–2025 (USD MILLION) 129
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11.4 APAC 130
FIGURE 29 SNAPSHOT OF HYDRAULICS MARKET IN APAC 130
11.4.1 IMPACT OF COVID-19 ON APAC MARKET 131
11.4.2 JAPAN 131
11.4.2.1 Presence of large number of hydraulic equipment suppliers to fuel market growth 131
11.4.3 CHINA 131
11.4.3.1 Growing industrialization and urbanization in China to fuel demand for hydraulic equipment 131
11.4.4 INDIA 132
11.4.4.1 Rising demand for hydraulics in construction industry to boost market growth in India 132
11.4.5 SOUTH KOREA 132
11.4.5.1 Growth of shipbuilding industry in South Korea to boost demand for hydraulic-based components 132
11.4.6 REST OF APAC 132
TABLE 91 HYDRAULICS MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION) 133
TABLE 92 HYDRAULICS MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION) 133
TABLE 93 HYDRAULICS MARKET IN APAC, BY COMPONENT,
2016–2019 (USD MILLION) 134
TABLE 94 HYDRAULICS MARKET IN APAC, BY COMPONENT,
2020–2025 (USD MILLION) 134
TABLE 95 HYDRAULICS MARKET IN APAC, BY END USER, 2016–2019 (USD MILLION) 135
TABLE 96 HYDRAULICS MARKET IN APAC, BY END USER, 2020–2025 (USD MILLION) 135
TABLE 97 HYDRAULICS MARKET IN APAC, BY TYPE, 2016–2019 (USD MILLION) 136
TABLE 98 HYDRAULICS MARKET IN APAC, BY TYPE, 2020–2025 (USD MILLION) 136
11.5 ROW 136
11.5.1 IMPACT OF COVID-19 ON ROW MARKET 136
11.5.2 SOUTH AMERICA 137
11.5.3 MIDDLE EAST 137
11.5.3.1 Rising investments in oil & gas industry to drive market growth in Middle East 137
11.5.4 AFRICA 137
11.5.4.1 Growing demand for mining equipment to create demand for hydraulics in Africa 137
TABLE 99 HYDRAULICS MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION) 137
TABLE 100 HYDRAULICS MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION) 138
TABLE 101 HYDRAULICS MARKET IN ROW, BY COMPONENT, 2016–2019 (USD MILLION) 138
TABLE 102 HYDRAULICS MARKET IN ROW, BY COMPONENT, 2020–2025 (USD MILLION) 138
TABLE 103 HYDRAULICS MARKET IN ROW, BY END USER, 2016–2019 (USD MILLION) 139
TABLE 104 HYDRAULICS MARKET IN ROW, BY END USER, 2020–2025 (USD MILLION) 139
TABLE 105 HYDRAULICS MARKET IN ROW, BY TYPE, 2016–2019 (USD MILLION) 139
TABLE 106 HYDRAULICS MARKET IN ROW, BY TYPE, 2020–2025 (USD MILLION) 140
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12 COMPETITIVE LANDSCAPE 141
12.1 INTRODUCTION 141
12.2 TOP 5 COMPANY REVENUE ANALYSIS 141
FIGURE 30 HYDRAULICS MARKET: MARKET SHARE ANALYSIS (2019) 141
12.3 MARKET SHARE ANALYSIS OF PLAYERS, 2019 142
TABLE 107 MARKET SHARE OF TOP FIVE PLAYERS IN HYDRAULICS MARKET IN 2019 142
12.4 COMPETITIVE LEADERSHIP MAPPING, 2019 144
12.4.1 STAR 144
12.4.2 EMERGING LEADER 144
12.4.3 PERVASIVE 144
12.4.4 PARTICIPANT 144
FIGURE 31 HYDRAULICS MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019 145
12.4.5 HYDRAULICS MARKET: PRODUCT FOOTPRINT 146
TABLE 108 PRODUCT FOOTPRINT OF COMPANIES 146
TABLE 109 END USER FOOTPRINT OF COMPANIES 146
TABLE 110 REGIONAL FOOTPRINT OF COMPANIES 147
12.4.6 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2019 148
12.4.6.1 Progressive companies 148
12.4.6.2 Responsive companies 148
12.4.6.3 Dynamic companies 148
12.4.6.4 Starting blocks 148
FIGURE 32 HYDRAULICS MARKET (GLOBAL), SME EVALUATION QUADRANT, 2019 149
12.5 COMPETITIVE SITUATIONS AND TRENDS 150
12.5.1 AGREEMENT, PARTNERSHIP, EXPANSION, AND ACQUISITION 150
TABLE 111 AGREEMENT, PARTNERSHIPS, EXPANSION, ACQUISITION, 2018–2020 150
12.5.2 PRODUCT LAUNCHES AND DEVELOPMENTS 151
TABLE 112 PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2020 151

13 COMPANY PROFILES 152
13.1 INTRODUCTION 152
(Business Overview, Products/solutions/services Offered, Recent Developments, SWOT Analysis, and MnM View(Key strengths/Right to Win, Strategic Choices Made, Weaknesses & Competitive Threats))*
13.2 KEY PLAYERS 152
13.2.1 ACTUANT CORPORATION (ENERPAC TOOL GROUP) 152
FIGURE 33 ACTUANT CORPORATION (ENERPAC TOOL GROUP): COMPANY SNAPSHOT 153
13.2.2 BOSCH REXROTH AG 155
FIGURE 34 BOSCH REXROTH: COMPANY SNAPSHOT 156
13.2.3 DANFOSS 158
FIGURE 35 DANFOSS: COMPANY SNAPSHOT 158
13.2.4 EATON 161
FIGURE 36 EATON: COMPANY SNAPSHOT 161
13.2.5 HYDAC 164
13.2.6 KAWASAKI HEAVY INDUSTRIES 165
FIGURE 37 KAWASAKI HEAVY INDUSTRIES: COMPANY SNAPSHOT 165
13.2.7 KYB CORPORATION 167
FIGURE 38 KYB CORPORATION: COMPANY SNAPSHOT 167
13.2.8 SMC CORPORATION 170
FIGURE 39 SMC CORPORATION: COMPANY SNAPSHOT 171
13.2.9 PARKERHANNIFIN CORP 173
FIGURE 40 PARKER-HANNIFIN CORP: COMPANY SNAPSHOT 174
13.2.10 WIPRO ENTERPRISES 177
FIGURE 41 WIPRO ENTERPRISES: COMPANY SNAPSHOT 177
13.3 OTHER KEY PLAYERS 179
13.3.1 ADVANCED HYDRAULICS, LLC 179
13.3.2 AGGRESSIVE HYDRAULICS, INC. 179
13.3.3 BAILEY INTERNATIONAL, LLC 180
13.3.4 GBB INDUSTRIES 180
13.3.5 HOLMATRO 181
13.3.6 INTERPUMP HYDRAULICS 181
13.3.7 LEHIGH FLUID POWER, INC. 182
13.3.8 LIGON HYDRAULIC CYLINDER GROUP 182
13.3.9 MARREL 183
13.3.10 PACOMA GMBH 183
13.3.11 STANDEX INTERNATIONAL 184
13.3.12 TEXAS HYDRAULICS 184
13.3.13 VALARM 185
13.3.14 WEBER-HYDRAULIK 185
13.3.15 YUASA CO., LTD. 186
*Details on Business Overview, Products/solutions/services Offered, Recent Developments, SWOT Analysis, and MnM View (Key strengths/Right to Win, Strategic Choices Made, Weaknesses & Competitive Threats))* might not be captured in case of unlisted companies.

14 ADJACENT & RELATED MARKETS 187
14.1 INTRODUCTION 187
14.2 LIMITATIONS 187
14.3 AGV MARKET, BY TYPE 188
14.3.1 INTRODUCTION 188
FIGURE 42 AGV MARKET, BY TYPE 188
TABLE 113 AGV MARKET, BY TYPE, 2016–2019 (USD MILLION) 188
TABLE 114 AGV MARKET, BY TYPE, 2020–2025 (USD MILLION) 189
14.3.2 TOW VEHICLES 189
14.3.2.1 Tow vehicles to hold largest size of global AGV market in 2020 189
TABLE 115 AGV MARKET FOR TOW VEHICLES, BY NAVIGATION TECHNOLOGY,
2016–2019 (USD MILLION) 190
TABLE 116 AGV MARKET FOR TOW VEHICLES, BY NAVIGATION TECHNOLOGY,
2020–2025 (USD MILLION) 190
TABLE 117 AGV MARKET FOR TOW VEHICLES, BY INDUSTRY, 2016–2019 (USD MILLION) 191
TABLE 118 AGV MARKET FOR TOW VEHICLES, BY INDUSTRY, 2020–2025 (USD MILLION) 191
TABLE 119 AGV MARKET FOR TOW VEHICLES, BY REGION, 2016–2019 (USD MILLION) 192
TABLE 120 AGV MARKET FOR TOW VEHICLES, BY REGION, 2020–2025 (USD MILLION) 192
14.3.3 UNIT LOAD CARRIERS 192
14.3.3.1 Automotive industry to be major contributor to demand for unit load carriers 192
TABLE 121 AGV MARKET FOR UNIT LOAD CARRIERS, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION) 193
TABLE 122 AGV MARKET FOR UNIT LOAD CARRIERS, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION) 193
TABLE 123 AGV MARKET FOR UNIT LOAD CARRIERS, BY INDUSTRY,
2016–2019 (USD MILLION) 194
TABLE 124 AGV MARKET FOR UNIT LOAD CARRIERS, BY INDUSTRY,
2020–2025 (USD MILLION) 194
TABLE 125 AGV MARKET FOR UNIT LOAD CARRIERS, BY REGION,
2016–2019 (USD MILLION) 195
TABLE 126 AGV MARKET FOR UNIT LOAD CARRIERS, BY REGION,
2020–2025 (USD MILLION) 195
14.3.4 PALLET TRUCKS 195
14.3.4.1 Vision-guided pallet trucks to register highest growth in market during forecast period 195
TABLE 127 AGV MARKET FOR PALLET TRUCKS, BY NAVIGATION TECHNOLOGY,
2016–2019 (USD MILLION) 196
TABLE 128 AGV MARKET FOR PALLET TRUCKS, BY NAVIGATION TECHNOLOGY,
2020–2025 (USD MILLION) 196
TABLE 129 AGV MARKET FOR PALLET TRUCKS, BY INDUSTRY,
2016–2019 (USD MILLION) 197
TABLE 130 AGV MARKET FOR PALLET TRUCKS, BY INDUSTRY,
2020–2025 (USD MILLION) 197
TABLE 131 AGV MARKET FOR PALLET TRUCKS, BY REGION, 2016–2019 (USD MILLION) 198
TABLE 132 AGV MARKET FOR PALLET TRUCKS, BY REGION, 2020–2025 (USD MILLION) 198
14.3.5 ASSEMBLY LINE VEHICLES 198
14.3.5.1 Assembly line vehicles majorly used for transportation of subassemblies 198
TABLE 133 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION) 199
TABLE 134 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION) 199
TABLE 135 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY INDUSTRY,
2016–2019 (USD MILLION) 200
TABLE 136 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY INDUSTRY,
2020–2025 (USD MILLION) 200
TABLE 137 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY REGION,
2016–2019 (USD MILLION) 201
TABLE 138 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY REGION,
2020–2025 (USD MILLION) 201
14.3.6 FORKLIFT TRUCKS 201
14.3.6.1 E-commerce segment of AGV market for forklift trucks to grow at highest CAGR from 2020 to 2025 201
TABLE 139 AGV MARKET FOR FORKLIFT TRUCKS, BY NAVIGATION TECHNOLOGY,
2016–2019 (USD MILLION) 202
TABLE 140 AGV MARKET FOR FORKLIFT TRUCKS, BY NAVIGATION TECHNOLOGY,
2020–2025 (USD MILLION) 202
TABLE 141 AGV MARKET FOR FORKLIFT TRUCKS, BY INDUSTRY,
2016–2019 (USD MILLION) 203
TABLE 142 AGV MARKET FOR FORKLIFT TRUCKS, BY INDUSTRY,
2020–2025 (USD MILLION) 203
TABLE 143 AGV MARKET FOR FORKLIFT TRUCKS, BY REGION,
2016–2019 (USD MILLION) 204
TABLE 144 AGV MARKET FOR FORKLIFT TRUCKS, BY REGION,
2020–2025 (USD MILLION) 204
14.3.7 OTHERS 204
TABLE 145 AGV MARKET FOR OTHER TYPES, BY NAVIGATION TECHNOLOGY,
2016–2019 (USD MILLION) 205
TABLE 146 AGV MARKET FOR OTHER TYPES, BY NAVIGATION TECHNOLOGY,