Global Hydraulic Equipment Market 2016-2020 – Growth in Construction Industry a Key Market Driver — Research and Markets

DUBLIN, June 21, 2016 /PRNewswire/ —

Research and Markets has announced the addition of the “Global Hydraulic Equipment Market 2016-2020” report to their offering.

The global hydraulic equipment market is forecast to grow at a CAGR of 5.25% during the period 2016-2020.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, a key growth driver is the growth in the construction industry. The rise in various construction activities in developing countries has led to high demand for hydraulic equipment. Various construction activities such as the construction of roads, railways, housing, infrastructure, and airports have contributed to the growing demand for earthmoving equipment such as excavators, loaders, bulldozers, and cranes. All these equipment use hydraulic equipment, thereby fostering the growth of the global hydraulic equipment market during the forecast period.

Further, the report states that one challenge that could hamper market growth is the high maintenance costs to detect and rectify any failure in the equipment. The major problems with hydraulic equipment are the generation of abnormal noise and the failure of equipment under a high fluid temperature.

Key vendors:

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by application

PART 07: Market segmentation by product

PART 08: Geographical segmentation

PART 09: Key leading countries

PART 10: Market drivers

PART 11: Impact of drivers

PART 12: Market challenges

PART 13: Impact of drivers and challenges

PART 14: Market trends

PART 15: Vendor landscape

PART 16: Key vendor analysis

For more information visit

http://www.researchandmarkets.com/research/s777lc/global_hydraulic

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

 

SOURCE Research and Markets

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