LONDON--(BUSINESS WIRE)--Sep 13, 2018--According to the latest market research report released by Technavio, the global hydraulic equipment market is expected to accelerate at a CAGR of over 3% during the forecast period. The rise in building and construction activities is one of the key drivers for the hydraulic equipment market.

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According to the latest market research report released by Technavio, the global hydraulic equipment market is expected to accelerate at a CAGR of over 3% until 2022. (Graphic: Business Wire)

This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

The global hydraulic equipment market analysis categorizes the market into the following applications:

Mobile Industrial

In 2017, the mobile segment accounted for nearly 65% of the global market and is projected to contribute to almost 66% share by 2022, exhibiting almost 1% increase in market share.

Global hydraulic equipment market: Top emerging trend

The increasing penetration of digitization and IoT in hydraulic devices is a major hydraulic equipment market trend. The IoT technology can be used for determining hydraulic hose failure or connector leakage that is one of the major issues with hydraulic systems. The integration of IoT and digital solutions with hydraulic systems assists in enhancing the overall capability of the hydraulic systems. It also provides the users with better diagnostic capability for their systems and offers new growth opportunities for hydraulic equipment.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global Hydraulic Equipment Market Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by application (mobile and industrial)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (DAIKIN INDUSTRIES, Eaton, Kawasaki Heavy Industries, Parker Hannifin, and Robert Bosch)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 09/13/2018 04:26 PM/DISC: 09/13/2018 04:26 PM