The latest research study “Hydraulic Tools Market Trends: Global Industry Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global hydraulic tools market reached a value of US$ 1.47 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.95 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Hydraulic tools are extensively utilized to operate hydraulic machines with pressurized fluid. They are used in constructing roads and highways, creating fences and barriers, and tunneling and mining to ease the movement of heavy items. They are flexible, portable, strong and can be hooked on a hydraulic system for numerous industrial purposes.
Global Hydraulic Tools Market Trends and Drivers:
One of the primary factors driving the market is the growing construction industry and rapid urbanization. Additionally, there has been a rising demand for material handling equipment in gas and oil, automotive, marine and railway industries, which is propelling the market growth. Besides this, the integration of electronics with hydraulic cylinders and the technological advancements in machines and tools are escalating the product demand. Furthermore, extensive investments in sports infrastructure by governments of various nations are increasing the product adoption rate. Moreover, significant investments of key market players in research and development (R&D) activities to enhance hydraulic equipment, and the rising usage of hydraulic tools in the agriculture industry for livestock management and crop production are providing a positive thrust to the market growth.
| Hydraulic Tools Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 1.47 Billion |
| Market forecast in 2027 | US$ 1.95 Million |
| Growth Rate | CAGR of 4.60% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Distribution Channel, End User and Region |
| Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Key companies profiled | Atlas Copco North America LLC, BVA Hydraulics, Cembre S.p.A. (Lysne S.P.A.), Emerson Electric Co., Enerpac Tool Group Corp., Hangzhou WREN Hydraulic Equipment Manufacture Co. Ltd., Hi-Force Limited, HTL Group Ltd., Kudos Mechanical Co. Ltd., LUKAS Hydraulik GmbH (IDEX Corporation), SPX Flow Inc., Super Unique Enterprise Co. Ltd. and Tai Cheng Hydraulic Industry Co. Ltd. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Hydraulic Cylinder and Jack
- Hydraulic Rescue Tools
- Tension and Torque Tools
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by End User:
- Industrial Manufacturing
- Oil and Gas and Petrochemical
- Utility
- Railway
- Others
By Geography:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
List of Major Key Players:
The major players in the market are Atlas Copco North America LLC, BVA Hydraulics, Cembre S.p.A. (Lysne S.P.A.), Emerson Electric Co., Enerpac Tool Group Corp., Hangzhou WREN Hydraulic Equipment Manufacture Co. Ltd., Hi-Force Limited, HTL Group Ltd., Kudos Mechanical Co. Ltd., LUKAS Hydraulik GmbH (IDEX Corporation), SPX Flow Inc., Super Unique Enterprise Co. Ltd. and Tai Cheng Hydraulic Industry Co. Ltd.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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List of Tables
Table 1: Global: Hydraulic Tools Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Hydraulic Tools Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Hydraulic Tools Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Hydraulic Tools Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Hydraulic Tools Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Hydraulic Tools Market: Competitive Structure
Table 7: Global: Hydraulic Tools Market: Key Players
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