This report analyses the global hydraulic fluid connectors market regarding the product type, end-use application, and geography. Based on product type, the global hydraulic fluid connectors market is segmented into mobile hydraulic fluid connectors and stationary hydraulic fluid connectors. Similarly, on the basis of end-use application, the market for hydraulic fluid connectors is further classified into construction and earthmoving, aerospace, agriculture, industrial manufacturing, material handling, and automotive, among others. The geographical distribution of the global hydraulic fluid connectors market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
With the construction industry showing signs of recovery post-recession, the demand for hydraulic fluid connectors is anticipated to witness an upswing. Agriculture equipment demand is being driven by the growing population and the resulting demand for food and textiles. This, in turn, has had a positive impact on the demand for fluid connectors that are used in agricultural equipment. These factors are expected to contribute to a CAGR of 7.5% during the forecast period of 2017–2025.
Purpose of the Report
The purpose of this strategic research study titled "Hydraulic Fluid Connectors Market: Growth, Share, Opportunities, and Competitive Analysis, 2017–2025" is to offer industry investors, company executives, and industry participants with in-depth insights to enable them to make informed strategic decisions related to the opportunities in the hydraulic fluid connectors market.
1.1.1 Target Audience
Industry Investors
Hydraulic Fluid Connector Manufacturers
Hydraulic Equipment Manufacturers
Other component manufacturers
End-users
Based on product type, the global hydraulic fluid connectors market is segmented into the following categories:
Mobile hydraulic fluid connectors
Stationary hydraulic fluid connectors
In 2015, mobile fluid connectors outsold their counterparts in the global hydraulic fluid connectors market. The segment accounted for over two-thirds of the overall market revenue in the same year. The trend shall prolong, and the segment is presumed to retain its dominant position throughout the forecast period of 2017–2025. The growth in this segment can be largely credited to demand from mobile hydraulics industries, including agriculture, aerospace, and defense, collectively. The presence of a robust aviation industry, especially in developed economies like the U.S., has been a significant factor driving the mobile hydraulic fluid connectors market. For instance, mobile hydraulic fluid connectors account for over 85% of the market revenue in the U.S. hydraulic fluid connectors market.
On the basis of end-use application, the global hydraulic fluid connectors market is categorized into the following segments:
Construction and earth moving
Agriculture
Aerospace
Industrial manufacturing and material handling
Automotive
Others (mining, marine, etc.)
As of 2015, the aerospace sector represented the largest end-use segment in the global hydraulic fluid connectors market, closely followed by the agriculture segment. The segment accounted for close to 25 percent of the global market revenue in the same year. The growth in this segment can be largely attributed to steady growth in the production of civil and military aircraft for leisure travel, business travel, and defense purposes.
The rapid recovery of the construction industry following the economic downturn, particularly in developed economies, combined with the development of infrastructure in emerging economies, has been instrumental in driving demand for hydraulic fluid connectors. On the other hand, the agriculture segment is poised to witness maximum growth in demand over the forecast period of 2017–2025. With the ever-rising population, the demand for food and textiles is increasing, thereby driving demand for hydraulic fluid connectors, including hoses and couplings, in equipment, including harvesters, tractors, etc.
Frequently Asked Questions:
The market for Hydraulic Fluid Connectors Market is expected to reach US$ XX Bn By 2025.
The Hydraulic Fluid Connectors Market is expected to see significant CAGR growth over the coming years, at 7.5%.
The report is forecasted from 2017-2025.
The base year of this report is 2016.
Parker Hannifin Corporation, Eaton Corporation, RYCO Hydraulics Pty. Ltd., Aerocom Specialty Fittings Inc. are some of the major players in the global market.
