Top 3 Trends for Hydraulics

The global hydraulic equipment market for mobile applications is evolving, and there are three emerging trends that will have a significant impact on the market.

Technavio recently issued a new report that focuses on the market and identifies emerging trends that have the potential to significantly impact the market and contribute to its growth or decline. These three trends include:

  • Availability of integrated solutions and service offerings
  • Development and adoption of smart cylinders
  • Autogenous manufacturing of hydraulic equipment

Looking at the first, an increasing number of hydraulic equipment manufacturers are offering integrated hydraulic cylinder systems and solutions. The availability of integrated solutions and offerings is helping to differentiate systems.

Second, the integration of electronics with hydraulic cylinders is leading to an increase in functionality, accuracy, and improvements in controlled performance. The electro-hydraulic cylinders, also known as smart cylinders, incorporate electronic controls and servo valves such as transducers that provide electrically controlled valves and rod position feedback to ensure efficient operations.

Finally, one of the emerging trends relates to the tendency toward in-house manufacturing, which affects the dynamics of the broader industry because many of the consumers of hydraulic cylinders also make up the largest manufacturers.

Overall, the global hydraulic equipment market for mobile application is expected to grow at a compound annual growth rate of close to 6 percent from 2016 until 2020. The growth in construction and material handling has led to this rise in demand.

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