Growth in industrial activity spurs demand for hydraulic components

The study also analyzes the key end-use sectors of hydraulic components including Aerospace, Industrial, Marine and Mobile. The global markets for the above mentioned product segments and end-use sectors are analyzed in terms of value in USD for 2012-2022 analysis period. This report provides the comprehensive market analysis for hydraulic components by product segments and end-use sector for the global markets comprising North America, Europe, Asia-Pacific, Latin America and Rest of World.

Manufacturing activities across global industries have been witnessing slow and steady growth over the past few years following the economic downturn during the last part of the previous decade, a trend that is likely to sustain at least over the medium term. Manufacturing growth in developed economies is being driven by consumer demand, which, in turn, has been supported by renewed employment. The global automotive manufacturing industry has shaken off the torpor of its past and has been posting a stable growth. Developing economies are slated to exhibit production capacity expansion and growth in sales, which will have a positive impact on the market for automotive hydraulics integrated into transmission systems