CATEGORY

Hydraulic and Pneumatic Components Market

A hydraulic system is a transmission system that uses pressurized hydraulic fluid to power hydraulic machinery.A pneumatic system is a collection of interconnected components using compressed air to do work for automated equipment. Hydraulic and Pneumatic Equipment andcomponents include pumps, pressure regulators, control valves, actuators, and servo-controls.

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Cost Structure

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Hydraulic and Pneumatic Components Market Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Hydraulic and Pneumatic Components Market category is 5.00%

Payment Terms

(in days)

The industry average payment terms in Hydraulic and Pneumatic Components Market category for the current quarter is 67.5 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Hydraulic and Pneumatic Components Market Suppliers


    7,622
    Total Suppliers
    203
    Diverse Suppliers
    93
    Normalized Supplier Rating
    Hydraulic and Pneumatic Components Market Supplier

    Find the right-fit hydraulic and pneumatic components market supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    WW Grainger
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    3
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    44

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    54
    Social
    37
    Governance
    51
    6 Domains Performance (/100)
    Business behaviour
    42
    Human rights
    49
    Community Environment
    55
    Corporate governance
    56
    Human resources
    27
    Security Scorecard
    85

    Threat indicators
    B
    89
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    69
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    83
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    grainger.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    1
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    1
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    1
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    1
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    55
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Hydraulic and Pneumatic Components Market market report transcript


    Hydraulic and Pneumatic Components Regional Market outlook

    • Europe will continue to dominate the market, in terms of growth prospects in pneumatic equipment consumption, until 2020. The Middle East and Africa (MEA) and APAC regions are expected to grow at the fastest CAGR from 2018 to 2022
    • Increasing focus on bringing in more productivity and eliminating hazardous manual tasks are expected to be the major drivers in the coming few years

    Hydraulic and Pneumatic Components 

    • The pneumatic equipment market was valued at $40.7 billion in 2018 and is expected to grow at a CAGR of 5.43 percent to reach $55.89 billion by 2024
    • North America accounted for 45 percent of the market share in 2017. The pneumatic equipment is fragmented and is competitively catering to a variety of industries with vast end-user segments across industries, such as oil & gas, mining, cement, paper and pulp, etc

    Hydraulic and Pneumatic Components: Industry Trends 

    • Increasing levels of focus on improving mine safety in developed regions, like North America and Western Europe, signal an increasing buyer maturity and willingness to partner with automation suppliers
    • Global suppliers are entering new geographies in developing regions, such as Chile, Brazil, India, etc., through mergers and acquisitions, thus offering multi-location solutions to global buyers
    • The fragmented pneumatic and lubrication market in APAC and the MEA has provided a great opportunity for global OEMs and service providers to tap into this market
    • These regions are considered to be developing, in terms of adopting automation to improve on oil exploration, mine safety, offshore mining, etc., instead of adopting conventional mining approach

    Hydraulic and Pneumatic Components: Overview

    • The pneumatic equipment market was valued at $42.9 billion in 2019 and is expected to grow at a CAGR of 5–6 percent to reach around $56 billion by 2024
    • Upcoming brownfield and greenfield projects in the oil & gas and power generation industries are expected to sustain the demand. This growth is also due to technological advancement and miniaturization & automation in equipment design worldwide
    • Oil & gas, mining, and chemicals contributed to almost 50 percent of the market size. The emerging middle classes, generally, are consuming more processed and packaged foods, which is leading to accelerated investment in the food & beverage segment of process equipment

    Procurement Strategy: Overview

    Sourcing Strategy 

    • Global suppliers are preferred because they can cater to the needs and demands of the global customers
    • Global vendor not only helps in standardizing the products across the sites but also helps in sped pool consolidation

    Vendor Preference 

    • One to two suppliers are preferred, as they can help in improving the design of the machines
    • The negotiation power will be less with multiple suppliers

    Engagement Model 

    • Large buyers first prepare the list of preferred components suppliers. The list is prepared, based on the performance of equipment's used in previous plants or an expert's advise. The list is given to the integrators and is advised to use components of selected suppliers only in their equipment
    • The integrators manage the procurement of these components on behalf of the customer. A repair, replacement or warranty issue is also managed by Integrator. In this way, they act as a single point of contact for the customer for every problem

    Pricing Models

    • The equipment/machineries are bought through bidding process where the least cost supplier generally wins the contract
    • The pricing model is fixed. The pricing depends on the design specifications and requirements

    Hydraulic and Pneumatic Components Market Overview: Hydraulic Cylinders and Components

    The hydraulic cylinder market was valued at $15.46 billion in 2019 and is expected to reach $20.72 billion by 2024. North America is the largest regional sub-sector with an estimated 31 percent market share in 2018, followed by Europe at 25 percent

    • The Asia-Pacific market is the third largest regional subsector with 20 percent market share. It is expected to have the greatest rate of growth, approximately 7 percent over through 2024 Steady growth of the hydraulic components market is attributed to continuous demand from agriculture, construction equipment, mining equipment, material-handling equipment, industrial equipment, aerospace and defense sectors.
    • Single acting hydraulic cylinder market size was $3.5 billion in 2018. In terms of volume, it is expected to witness gains at over 6 percent, subject to better efficiency in DC power applications.
    • Double acting products are estimated to reach over $11 billion by 2025
    • Rod hydraulic cylinders’ market share, owing to its wide application in the agriculture equipment industry, is predicted to expand at the rate of over 6 percent in the future
    •  Welded products are likely to be worth over $11 billion in 2025. These products are used widely in material handling, construction, industrial and mining equipment