Market Overview

Global Mobile Hydraulic Equipment Market Forecast to 2023 - Renewed Investments in Infrastructure, Logistics and Energy to Support Recovery - ResearchAndMarkets.com

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The "Global
Mobile Hydraulic Equipment Market, Forecast to 2023"
report has
been added to ResearchAndMarkets.com's offering.

Renewed investments in infrastructure, focus on energy efficiency, and
increased penetration of smart solutions are set to drive long-term
market growth.

North America, home to the largest economy in the world, recovered from
the oil and gas and mining downturn to post strong growth in 2017. The
renewed business optimism and replacement of aging infrastructure are
expected to drive growth in the off-highway vehicle sectors. Recovery in
the oil and gas sector is also expected to continue, as rising oil
demand and higher oil prices are expected to increase capital
investments in the upstream oil and gas sector because US oil output is
set to continue its meteoric rise.

Similarly, Asia-Pacific, which is home to the two fastest-growing major
economies in the world, is another key growth engine for this market due
to the rising wealth in the region and the growth of the manufacturing
sector. The Chinese Government's One Belt One Road policy is expected to
continue to spur investments in infrastructure and logistics, driving
growth in the construction and material handling sectors.

However, commoditization of the product increases the price pressure,
affecting the profit margins of market participants, especially in the
face of increased competition from low-cost manufacturers.

On the other hand, increased focus on energy-efficient products is
expected to sustain market growth, especially in developed markets such
as North America and Europe. This is also complemented by the increasing
penetration of smart solutions across key end-user sectors, which is
expected to supplement the demand for mobile hydraulic equipment over
the forecast period and mitigate the threat posed by competing
technologies (e.g., electric equipment).

While increased focus on total cost of ownership and reduced energy
consumption are expected to result in increased substitution of
hydraulic equipment with electric systems in some sectors, especially
for lower power applications; the high cost of electric equipment,
practical limitations in remote environments, and sufficient inertia in
traditional industries are expected to slow down this trend.

Study Coverage

This research service analyzes the global mobile hydraulic equipment
market in detail from 2014 to 2023, with the base year of the study as
2017. This study examines the various product segments, end-user
industries, and market shares, and offers a competitive analysis of the
global market participants. Regional analyses are provided for North
America, Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC),
and the Rest of the World (ROW).

This study examines the key growth drivers, restraints, product
segments, and end-user industries in each region, and provides forecasts
by end-user industry, product segments, and individual regions. In
addition, this study also highlights future growth opportunities, and
the strategic imperatives that need to be undertaken by market
participants, in order to capitalize on these growth opportunities. This
research service also includes a CEO's 360 degree perspective.

For more information about this report visit https://www.researchandmarkets.com/research/kdl424/global_mobile?w=4

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