Technavio has announced the top five leading vendors in its recent global hydraulic equipment market report. This research report also lists 11 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the report, the global hydraulic equipment market is highly fragmented with the presence of many vendors worldwide. The market is characterized by the presence of well-diversified international, regional and local vendors. Several local and regional vendors provide hydraulic equipment such as pumps, cylinders and valves with a high level of customization at a comparatively lower price than international vendors. Although new vendors are entering the market, they find it difficult to compete with international vendors in terms of quality, features, functionalities, and services.
“The competitive environment in this market is expected to intensify with the growth of product extensions, technological innovations, and M&A. It is expected that during the forecast period, international players will grow inorganically by acquiring regional or local players,” said Anju Ajaykumar, a lead tools and components analyst from Technavio.
Top five hydraulic equipment market vendors
Bosch was founded in 1795 and is headquartered in Lohram Main, Germany. The company offers its customers hydraulics, gear technology, electric drives and controls, and linear motion and assembly technology. It provides industrial hydraulics products such as motors, pumps, cylinders, proportional servo valves, accumulators, filters, oil treatment systems and secondary controls.
Bosch’s products are widely used in various fields such as ocean energy, civil engineering, wind energy, mobile applications, marine, automotive, aluminum, and food and packaging. They are also used in applications such as plastic and die cast machinery, semiconductors, agriculture, forest machinery, machine cutting tools and printing industries.
The company has an established network of sales operations in more than 80 countries and manufacturing and customizing locations in 22 countries. It has its geographical operations in Germany, Europe (excluding Germany), the Americas and Asia.
Daikin Industries was founded in 1924 and is headquartered in Osaka, Japan. The company provides advanced, high-quality air conditioning solutions for commercial and industrial applications. The company provides hydraulic equipment through its oil-hydraulics division. It is divided into three subdivisions: industrial hydraulic equipment, mobile hydraulic equipment, and centralized lubrication equipment systems. It provides products such as energy-saving hydraulic units, motor pump, piston pumps, rotor pumps, vane pumps, gear pumps, pressure control valves, flow control valves, oil coolers, hydraulic units and accessories, and sub plates.
Eaton was founded in 1911 and is headquartered in Ohio, U.S. The company is involved in the design, manufacture and sale of high-efficiency hydraulic systems and its components that are used in mobile and industrial sectors. The hydraulics division includes Eaton’s filtration and the Airflex industrial clutch, golf strip and brake business.
Eaton offers hydraulic equipment products for mobile and industrial applications. It supplies hydraulic solutions and products such as pumps, motors, valves, cylinders, controls, hose and fittings, and transmissions. It also offers hydraulic and lubrication oil filters such as low-pressure filters, medium pressure filters, filtration systems, breather filters and hydraulic filter accessories.
Kawasaki Heavy Industries
Kawasaki Heavy Industries was founded in 1896 and is headquartered in Kobe, Japan. The company manufactures transportation equipment and industrial goods. It offers products under the Kawasaki brand. Kawasaki Heavy Industries’ product portfolio includes aircraft, motorcycles, helicopters, jet engines, general-purpose robot, merchant ships, hydraulic pumps and motors, and aerodynamic machinery. The company offers various hydraulic components and systems, which include hydraulic pumps, motors and valves.
Kawasaki Heavy Industries has a wide geographical presence in Brazil, China, Canada, Indonesia, Thailand, Philippines, the U.S., Germany, and UK. Kawasaki Heavy Industries operates its business through eight reportable business segments, ship, and offshore structure, rolling stock, aerospace, gas turbines and machinery, plant and infrastructure, motorcycle and engine, precision machinery and others.
Parker Hannifin was founded in 1918 and is headquartered in Cleveland, Ohio, U.S. The company manufactures motion control products, including electromechanical controls, fluid power systems, and related components. It also produces fluid purification, process instrumentation, refrigeration, fluid flow, air conditioning, and electromagnetic shielding and thermal management products. Parker Hannifin operates its business through three reportable segments: industrial, aerospace, and climate and industrial controls. The company offers various products under this market which includes hydraulic filters, fluids, accumulators, flowmeters, cylinders and manifolds.
Kawasaki Heavy Industries