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 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
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Laura Wood, Senior Manager
SOURCE Research and Markets