Frequently Asked Questions:
COVID-19 has halted hydraulic equipment production as many countries are on lockdown. Additionally, as many countries are on lockdown, hydraulic equipment demand has significantly decreased.
Asia-Pacific accounted for the most heightened share in the global industrial hydraulic equipment market.
Hydraulic machinery has been in high demand due to a growing mining and construction industry, agricultural automation, and the expansion of new manufacturing facilities.
The cylinders segment had a major share in the global market in 2022.
The mining & construction segment had a major share in the global market.