According to the latest report by IMARC Group, titled “Hydraulic Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global hydraulic tools market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
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.
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Hydraulic tools are high-powered tools used to operate hydraulic machinery using pressurized fluid. They depend on hydraulic tubes to transfer the fluid into the actuator and transmit the stored pressure to moving parts of the machine. They can be hooked onto a hydraulic power unit or system for numerous industrial purposes and offer excellent strength, portability, and flexibility. As a result, hydraulic tools are extensively utilized in constructing roads and highways, tunneling and mining, creating barriers and fences, securing street signs to metal posts, and powering construction cranes for moving large and heavy items.
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, distribution channel, end user and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for hydraulic tools market
- Strategies of major players and product offerings
The global hydraulic tools market is primarily driven by rapid industrialization and the expanding construction sector. Moreover, there is a rise in the integration of electronics with hydraulic cylinders to increase functionality, improvements, and accuracy in controlled performance. In line with this, significant technological advancements in tools and machinery used to construct the infrastructure industry are positively influencing market growth.
Additionally, the increasing demand for material handling equipment in marine, oil and gas, automotive, and railway industries is another major growth-inducing factor. Besides this, the rising investments in the infrastructure of sports and facilities by governments of various countries have catalyzed market growth. Furthermore, the surging employment of hydraulic tools for producing crops and livestock management in the agriculture industry is contributing to market growth. Other factors, including ongoing research and development (R&D) activities, product innovations, and rapid expansion of the automobile industry, are also anticipated to propel the market growth.
Key Players Included in Global Research Report:
- 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.
- Tai Cheng Hydraulic Industry Co. Ltd.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Breakup by Type:
- Hydraulic Cylinder and Jack
- Hydraulic Rescue Tools
- Tension and Torque Tools
Breakup by Distribution Channel:
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
TOC for the Hydraulic Tools Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Hydraulic Tools Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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