Hydraulic Components Market
Hydraulic Components Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Hydraulic Components Market Size and Growth
The Hydraulic Components market is experiencing steady growth, driven by increasing demand across construction, agriculture, and manufacturing sectors. As of 2023, the market size is estimated at approximately $54 billion, with a projected CAGR of 4.6% over the next five years, influenced by advancements in technology and sustainability initiatives.
Companies Covered
(Covid 19 Impact Covered)
◍ Eaton
◍ Weber-Hydraulik
◍ Bosch Rexroth
◍ Hydratech Industries
◍ Pacoma
◍ Cromsteel(ASO)
◍ Nurmi Hydraulics
◍ Parker
◍ Ligon Industries
◍ Caterpillar
◍ Enerpac
◍ Wipro Enterprises
◍ KYB
◍ DY Power
◍ Komatsu
◍ Hunan Teli
◍ Hengli
◍ Bengbu Yeli
The hydraulic components market features key players like Eaton, Bosch Rexroth, and Parker, providing essential components for various industries. These companies drive market growth through innovation, expanding product lines, and enhancing efficiency.
Notable revenue figures include Eaton's $20 billion and Parker's $14 billion, showcasing their market influence.
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Market Segmentation
By Application
Single Acting Cylinders
Double Acting Cylinders
By Product
◍ Cylinder Barrel
Piston
Piston Rod
Other
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$ 36.95 Billion
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