The global Mobile Hydraulic Equipment Market size is expected to reach $52,257.6 million in 2027, from $41,545.9 million in 2020, growing at a CAGR of 3.9% from 2020 to 2027.
Major players in the market include, DAIKIN INDUSTRIES, Eaton, Kawasaki Heavy Industries, Moog, Wipro Infrastructure Engineering, WEBER-HYDRAULIK Parker Hannifin and Robert Bosch.
In many major markets, evolving emissions and air quality regulations continue to affect construction OEMs who need to deploy machines that comply with more stringent regulations, yet are still equipped to perform the most demanding tasks. For example, in certain urban environments, noise and emissions regulations have led to OEMs launching all-electric, small skid loaders, wheel loaders, and other equipment capable of working in tight construction conditions.
Nov 2020-Hitachi Construction Machinery plans to add the EX2000-7 ultra-large hydraulic excavator to its line of mining machinery. The redesigned unit, slated for introduction next year, is based on the current EX1900-6. The model reportedly will feature an entirely new hydraulic circuit that reduces fuel consumption by up to 19% with no loss in productivity.
The Association for the Work Truck Industry announced it will not be possible to produce Work Truck Week in its traditional in-person format next year. North America’s largest work truck event, originally scheduled March 9–12, 2021, in Indianapolis, includes The Work Truck Show and Green Truck Summit. While there are no plans to hold Work Truck Week virtually, NTEA is exploring new opportunities to share education and connect industry businesses. Work Truck Week will return to Indianapolis March 8–11, 2022.
Oct 2020 head of the Institute of Mechatronic Engineering at Technical University Dresden, offered an ambitious and optimistic view of the industry’s future, along with the challenges. In his keynote presentation, “Digital Mobile Machines — From Cloud to Earth,” he predicts what lies ahead for mobile hydraulics and off-road technology.
Bucher Hydraulics has introduced on Sept 2020 the newly designed excavator pipe-rupture valve CFS-EF, or “CFS-Flat.” Reportedly an innovative extension of the company’s family of CFS pipe-rupture valves, the new version is based on proven technology and, with a flat design, allows for ready installation on lift cylinders without a sandwich plate. The series CFS (Compact Flow Control and Safety Valve) excavator pipe-rupture valves to prevent uncontrolled lowering of an actuator in the event of a pipe or hose rupture. The valves can used wherever required by standards ISO 8643, EN 474 and DIN 24093 for excavators with a lifting device (for example, a load hook on the bucket.
Power management company Eaton announced it has entered into an agreement to sell its Hydraulics business to Danfoss A/S, a Danish industrial company, for $3.3 billion in cash. This represents a 13.2 multiple of 2019 EBITDA. Eaton’s Hydraulics business, which accounted for 86 percent of Eaton’s Hydraulics segment revenue in 2019, is a global leader in hydraulics components, systems, and services for industrial and mobile equipment. The business had sales of $2.2 billion in 2019 and employs approximately 11,000 people. Eaton is retaining the Filtration and Golf Grip businesses currently reported in the company’s Hydraulics segment.
The global hydraulic equipment market is segmented into application, end user, product, and region. By application, the market is classified into mobile and industrial. BY end user, it is segregated into mining & construction, agriculture & forestry, packaging, material handling, and other (paper, plastic, rubber and printing). On the basis of product, it is fragmented into pumps, motors, valves, and cylinders. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia Pacific dominated the global mobile hydraulic equipment market and is projected to expand at a rapid pace during the forecast period. This can be attributed to increasing government focus on modern irrigation machinery owing to growing industrialization and globalization coupled with growing construction activities, which is expected to propel the mobile hydraulic equipment market in the region.