Hydraulic and Pneumatic Equipment and Components Market Intelligence

Are you looking for answers on Hydraulic and Pneumatic Equipment and Components category?

Are you looking for answers on Hydraulic and Pneumatic Equipment and Components category?

  • What are the key trends in Hydraulic and Pneumatic Equipment category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Hydraulic and Pneumatic Equipment industry?
  • How is Hydraulic and Pneumatic Equipment industry performing?

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Report Coverage

  • Industry Trends
  • Regional Market Outlook- Europe, LATAM, MEA
  • Key regional suppliers
  • Cost Analysis and Expected Savings

Market Size

Market Size North America

$13.7 Bn

Market Size Europe

$11.5 Bn

Market Size Asia Pacific

$9.45 Bn

Market Size Middle East - Asia


Table of contents

  1. Hydraulic and Pneumatic Equipment and Components Executive Summary
  2. Global Pneumatic Equipment Components Outlook: 2018
  3. Supply Market Outlook
  1. Hydraulic and Pneumatic Equipment and Components Market Analysis
  2. Global Pneumatic Equipment Market Maturity
  3. Global Pneumatic Equipment Industry Trends
  4. Regional Market Outlook
  5. Industry Outlook
  6. Industry Drivers and Constraints
  7. Industry Dynamics: Porter's Analysis
  1. Hydraulic and Pneumatic Equipment and Components Supply Analysis
  2. Supply Trends
  3. Supplier Landscape Overview
  4. Key Supplier Profiles
  1. Cost Structure Analysis
  2. Cost Analysis and Expected Savings
  3. Pricing Model
  1. Hydraulic and Pneumatic Equipment and Components Procurement Best Practices
  2. Procurement Strategy: Overview
  3. Sourcing Model
  4. Sourcing Implications
  5. Engagement Models
  1. Hydraulic & Pneumatic Equipment & Components Procurement Hydraulic Cylinder & Component Market
  2. Hydraulic Cylinder and Component Market
  3. Major Vendors
  4. Market Trends
  5. Leading Vendors from APAC region

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Hydraulic and Pneumatic Equipment and 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 yearshydraulic-pneumatic-equipment-components

Hydraulic and Pneumatic Equipment and 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 Equipment and Component: 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 Equipment and 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 Equipment 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

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