Hydraulic pumps market Outlook Till 2022 | Revenue Models

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World Hydraulic Pump Market - Opportunities and
Forecasts, 2015-2022
MarketIntelReports newly published a research
report on World Hydraulic Pump Market -
Opportunities and Forecasts, 2015-2022 with
covering detailed analysis on market
segmentation, global notable vendors,
geographical outlook, price financial updates,
segment application approach and future
forecasts.
Published on 01 May, 2016 Number of pages
120 Single User Price 4515
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According to a new report published by
MarketIntelReports, titled, "World Hydraulic Pump
Market" the global hydraulic pump market is
expected to garner 10.4 billion by 2022, growing
at a CAGR of 4.7 during 2016 - 2022. In the year
2015, the Asia-Pacific region accounted for the
largest market share of 36.7, followed by North
America. Growth in developing countries including
China and India would primarily be supplemented
by increasing usage of hydraulic pumps in
manufacturing industry, construction activities
and in automobiles.
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Hydraulic pump works on displacement principle.
The pump converts mechanical energy into
hydraulic energy, which is utilized to perform
various tasks such as lift, lower, open, close or
rotate components in various mobile and
industrial application areas. The pumps are
manufactured depending on different functional
and hydraulic system requirements. Increase in
construction activities globally, rising sales of
automobiles and increasing application in mining
industry are the major factors propelling the
demand for hydraulic pumps. In addition to this,
government regulations focused towards reduction
of CO2 emission and increased awareness about
energy saving has led to the expansion of this
market. However, high cost of manufacturing is a
major challenge faced by the players operating in
the market. Increasing pace of infrastructural
improvement and increasing demand for renewable
energy offers promising opportunity for players
in the hydraulic pump market. Moreover,
up-gradation of existing machinery would also
provide lucrative business opportunity to the
players.
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Based on type, hydraulic pumps are classified as
vane, piston, and gear pumps. Among all product
types, gear pumps dominated the market in 2015,
accounting for over 50 of the overall market
revenue owing to their compatibility with varied
fluid types and lower cost as compared to other
product types. Piston pump is expected to be the
fastest growing product category, on account of
its high efficiency, reliability, and increasing
usage in high pressure application areas such as
mining, construction, and others. Market by
application comprises mobile and industrial
application. Sub-segments of the mobile
application segment includes construction,
agriculture, mining and others. In the year 2015,
the mobile application segment occupied a major
share of the overall market. However, the
industrial segment is anticipated to grow at a
faster rate during 2016 - 2022, owing to
increasing application of hydraulic pumps in
manufacturing activities in the developing
economies.
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Key questions answered in this report  What
will the market size be in 2020 and what will the
growth rate be? What are the key market
trends? What is driving this market? What are
the challenges to market growth? Who are the
key vendors in this market space? What are the
market opportunities and threats faced by the key
vendors? What are the strengths and weaknesses
of the key vendors? You can request one free
hour of our analysts time when you purchase this
market report. Details are provided within the
report.
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World Hydraulic Pump Market - Opportunities and
Forecasts, 2015-2022
A detailed qualitative analysis of the factors
responsible for driving and restraining growth of
the World Hydraulic Pump Market - Opportunities
and Forecasts, 2015-2022 and future opportunities
are provided in the report.
Contact 1-302-684-6088 sales_at_marketintelreports.c
om www.marketintelreports.com
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