This outlook analyzes the global fluid power equipment market in detail from 2015 to 2018, and provides the outlook for 2019. It examines the various product segments, end-user industries, and market shares, and offers a competitive analysis of the global market participants. Regional analyses are provided for North America, Europe, the Middle East, and Africa (EMEA), Asia-Pacific (APAC), and the Rest of the World (ROW).

Research Scope
This study examines the key product segments, application segments, and end-user industries in each region, and provides forecasts for 2019 by end-user industry, product segments, and individual regions. In addition, it also highlights the key fluid power trends to watch for, key end-user trends, and investment patterns in the major end-user industries. This outlook also examines future growth opportunities and the strategic imperatives that need to be undertaken by market participants in order to capitalize on these growth opportunities. In this research service, Frost & Sullivan's analysts examine the following product segments and end-user industries:

By Product Segments:

  • Hydraulic pumps
  • Hydraulic motors
  • Hydraulic valves
  • Hydraulic cylinders
  • Hydraulic transmission
  • Hydraulic filters and hydraulic accumulators
  • Others (fluid connectors, auxiliary components, and other accessories)

  • Hydraulic pumps
  • Pneumatic valves
  • Pneumatic actuators
  • Pneumatic FRLs
  • Pneumatic fittings
  • Others (grippers, positioners, guns, and nozzles)

By End-user Industry for Hydraulics:
  • Construction
  • Agriculture
  • Material Handling
  • Oil and Gas
  • Aerospace and Defense
  • Machine Tools
  • Hydraulic Press
  • Plastics
  • Automotive
  • Renewable Energy
  • Others (mining, commercial vehicles, marine, food and beverage, water and wastewater, chemicals, packaging, semiconductors, pulp and paper, and other niche and customized applications)

By End-user Industry for Hydraulics:
  • Automotive
  • Food Processing and Packaging
  • Chemicals, Plastics, and Oil
  • Material Handling and Assembly
  • Semiconductors and Electronics
  • Metalworking
  •  Paper and Printing
  • Wood and Ceramic
  • Life Sciences
  • Aerospace and Defense
  • Others (construction, metals and mining, entertainment, pharmaceuticals, and textiles)

Following several years of decline owing to the oil and gas downturn and the knock-on effects on surrounding industries, the fluid power equipment market has demonstrated a strong recovery in the last few years. While economic sentiment has remained positive, recent geopolitical events threaten to dampen global economic prospects with an imminent slowdown. The commoditization of fluid power product equipment adds to the price pressure, which is already getting strained due to supply chain constraints, the trade war, and the presence of low-cost manufacturers. However, increased focus on energy-efficient products and technological advancement are expected to help manufacturers differentiate their solutions. North America, home to the largest economy in the world, continues to go from strength to strength in the oil and gas industry, as well as, in the off-highway vehicle sector. Similarly, Asia-Pacific, which is home to the two fastest-growing major economies in the world, is another key growth engine for this market due to the rising wealth in the region and the growth of the manufacturing sector. The Chinese Government’s ‘One Belt One Road Policy’ is expected to continue to spur investments in infrastructure and logistics, driving growth in the construction and material handling sectors, while in the long-term, Made in China initiative will continue to push China in the direction of self-sufficiency for its technology needs. With greater penetration of smart solutions across key end-user sectors, the threat posed by electrification is also expected to be mitigated to some extent. As some industries are expected to experience a significant slowdown in 2019, technological differentiation is the key to navigating the market slowdown successfully and emerging stronger for the future.