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Hydraulic Pump Market Size & Share

Hydraulic Pump Market is expected to garner $10.4 billion by 2022, registering a CAGR of 4.7% during the forecast period 2016-2022.

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Hydraulic Pump Market Size & Share

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Hydraulic Pump Market • Global Opportunity Analysis and Industry Forecast, 2015-2022 Global Opportunity Analysis and Industry Forecast, 2016-2023 • Pages: 120 Tables: 31 Charts: 82

  2. HYDRAULIC PUMP MARKET Hydraulic Pump MarketReport, published by Allied Market Research, forecasts that the global market is expected to garner $10.4 billion by 2022, registering a CAGR of 4.7% during the period 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. 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.

  3. HYDRAULIC PUMP MARKET Segment Overview: Hydraulic Pump Market The world hydraulic pump market is segmented based on product type, application and geography. Based on product type, the market is categorized into gear pump, vane pump and piston pump. Gear pumps would dominate the market throughout the analysis period; however, piston pumps would witness fastest growth due to increasing adoption in high pressure application areas such as mining. Market by application comprises mobile and industrial application. Industrial applications segment would grow at a faster pace due to increasing usage of hydraulic pumps in the manufacturing industry. Sub-divisions of the mobile application segment include construction, agriculture, mining and others. The pumps used across various application areas differ in terms of material, operating pressure, temperature and frequency. Hydraulic Pump Market by Type: Gear Pump Gear pumps are the simplest and are most commonly used hydraulic pumps as they hey require less maintenance and are economical. Gear pumps are the majorly used in variety of industrial and mobile applications.  They are widely used in the construction machinery, agricultural machinery, mining equipment, automotive sector, and manufacturing industries

  4. HYDRAULIC PUMP MARKET • Key Findings of Hydraulic Pump Market: • In the year 2015, Asia-Pacific was the highest revenue-generating region for hydraulic pumps, followed by North America • Growth in LAMEA is likely to be supplemented by increasing usage of hydraulic pumps in mining and oil extraction activities • Gear pumps are the most commonly used hydraulic pumps worldwide • Mobile application was the major revenue-generating application segment in 2015 • The industrial application segment would grow at a faster CAGR of 5.5% during 2016-2022 • Download Free Sample Copy

  5. HYDRAULIC PUMP MARKET 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. Make Purchase Report Enquiry The key market players profiled are Bosch Rexroth Ltd., Eaton Corporation Plc, Danfoss Power Solutions, Parker Hannifin Corporation, Actutant Corporation, Bailey International LLC, Linde Hydraulics, Dynamatic Technologies Ltd., Hydac International and Toshiba Machine Co. Ltd. Manufacturers have launched innovative hydraulic pumps to strengthen their foothold in the market. For instance, Eaton Corporation Plc introduced a new series of piston pumps for mobile applications, called X 20 open system piston pumps to strengthen its position in the market.

  6. HYDRAULIC PUMP MARKET Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On

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