Mobile Hydraulic Equipment: Introduction
- Mobile hydraulic equipment are power transmission systems for mobile applications across various industries. Mobile hydraulic equipment are easy to maintain and reduce troubleshooting time
- Mobile hydraulic equipment are more productive, functional, and safer for the people behind the machine. Mobile hydraulic equipment are used mostly by industries where stringent safety requirements and regulations exist, and extreme labor and heavy machinery is required.
- The global mobile hydraulic equipment market is projected to expand at a rapid pace during the forecast period due to increasing demand for mobile hydraulic equipment from agriculture, forestry, and construction sectors. This is primarily because machinery and equipment operate in rigorous or harsh conditions in these sectors.
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Asia Pacific to Hold Major Share of the Global Mobile Hydraulic Equipment Market
- In terms of region, the global mobile hydraulic equipment market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific dominated the global mobile hydraulic equipment market and is projected to expand at a rapid pace during the forecast period. This can be attributed to increasing government focus on modern irrigation machinery owing to growing industrialization and globalization coupled with growing construction activities, which is expected to propel the mobile hydraulic equipment market in the region.
- North America hold the second largest share of the global mobile hydraulic equipment market in 2018, due to mature industrialization and presence of well-established technology advanced manufacturers in the region. The U.S. is a key market in North America, due to high demand for mobile hydraulic equipment in the country.
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Increasing focus on electric actuation hampers the mobile hydraulic equipment market
- Increasing focus on electric actuation is the major factors anticipated to hamper the global mobile hydraulic equipment market in the next few years.
- Increasing replacement of hydraulic tools with pneumatic and electric tools is projected to hinder the market growth globally.
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