Europe Hydraulic Equipment Market Size, Share and Forecast 2020-2026

 Europe hydraulic equipment market is estimated to grow at a CAGR of 3.8% during the forecast period. Significant oil and gas production is supporting to drive market growth. As per the Eurostat, in 2018, the major oil producers in the EU were Denmark (5.8 million tons of oil equivalent (Mtoe)), followed by Italy (4.7 Mtoe) and Romania (3.4 Mtoe each). In addition, Russia is among the major producers and exporters of crude oil. This, in turn, is driving the demand for hydraulic equipment that is extensively used all over the oil and gas industry to transmit power. 

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These equipment are one of the most important elements associated with the offshore industry and are normally located where spillage or leakage can escape into marine settings. Bosch Rexroth is one of the providers of hydraulic drive and control solutions that offers a comprehensive series of applications, from oil rigs 100 m above sea level to equipment 5,000 m below. In marine and offshore markets, the company is active in dredging, shipbuilding, hydrodynamic research, and shipyard equipment. It offers an appropriate solution in drive and control technology, whether hydraulic, drive products, and solutions.

Scope of the Europe Hydraulic Equipment Market

Market Coverage

·         Market number available for 2019-2026

·         Base year- 2019

·         Forecast period- 2020-2026

·         Segment Covered- By Type, Product, and End-User Industry

·         Countries Covered- UK, Germany, France, Spain, Italy, and Rest of Europe

·         Competitive Landscape- Bosch Rexroth AG, Danfoss A/S, Kawasaki Heavy Industries, Ltd., and Bucher Hydraulics GmbH

Recent Strategic Initiatives in the Europe Hydraulic Equipment Market

·         In October 2020, Bosch Rexroth introduced a new e-commerce portal which is designed to offer the easiest access to opted authorized Bosch Rexroth products. This e-commerce portal named BuyRexroth.com offers the easiest access to selected Rexroth factory automation and hydraulic components. This platform features same-day shipping, user-friendly search options, and offers bought by credit card facility.

·         In January 2020, Danfoss signed an agreement to acquire Eaton’s Hydraulics business for $3.3 billion. This acquisition is completely in line with the strategy of Danfoss to reinforce its core businesses and increase customer value. The combined business will be beneficial for both distributors and customers by providing industry-leading technology and a much comprehensive portfolio of hydraulic solutions. 

Key questions addressed by the report

·         What is the market growth rate?

·         Which segment dominates the market in the base year?

·         Which segment will project the fastest growth in the market?

·         How COVID-19 impacted the market?

·         Recovery Timeline

·         Deviation from the pre-COVID forecast

·         Most affected country/segment

·         Who is the leader in the market?

·         How players are addressing challenges to sustain growth?

·         Where is the investment opportunity?

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A full Report of Europe Hydraulic Equipment Market is Available at: https://www.omrglobal.com/industry-reports/europe-hydraulic-equipment-market

Europe Hydraulic Equipment Market-Segmentation

 By Type

  • Mobile Hydraulics
  • Industrial Hydraulics

 By Product

  • Motors and Pumps
  • Valves
  • Cylinders
  • Others

By End-User Industry

  • Construction and Mining
  • Agriculture
  • Oil and Gas
  • Automotive
  • Aerospace and Defense
  • Others

Europe Hydraulic Equipment Market– Segment by Country

·         UK

·         Germany

·         France

·         Spain

·         Italy

Rest of Europe

Company Profiles

·         Bosch Rexroth AG

·         Bucher Hydraulics GmbH

·         Daikin Industries, Ltd.

·         Danfoss A/S

·         HYDAC Verwaltung GmbH

·         Linde Hydraulics GmbH & Co. KG

·         Parker-Hannifin Corp.

·         Poclain Hydraulics SA

·         Rheintacho Messtechnik GmbH

·         Weber-Hydraulik GmbH

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/europe-hydraulic-equipment-market

 About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

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