Hydraulic Intensifiers Market Forecast and CAGR
According to latest research by Fact.MR, Hydraulic Intensifiers market is set to witness significant growth during 2021-2031. The market is expected to have growth of 5-6% between 2021- 2031. Construction and Agriculture will be prominent drivers for the market.
What is Driving Demand for Hydraulic Intensifiers?
Demand for increase hydraulic pressure for hydraulic equipment from construction and offshore oil & gas industries will drive the market. Agriculture applications will provide further uplift to boost the market growth. Addionally automotive industry will also provide steady demand in future, they are used in automotive braking systems.
This equipment finds its application in vast range of end users, however high maintenance cost has been long lasting challenge faced by its End users. This systems are been extensively used in subsea & offshore application, but oil leakage in this critical application has been a challenge for its manufactures.
Hydraulic Intensifiers emerging application includes Special Vehicles and Process Industry, in which it is used for water and abrasive cutting, washing and spraying, power boosting for hydraulic equipment, hydroforming and pressure testing and others. All together this product will find its application wherever there’s need to increase hydraulic pressure.
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Construction Recovery Likely to Augment Hydraulic Intensifiers Sales
Construction sales around the globe have been impacted by COVID-19-induced slowdown. This has negatively impacted construction material handling equipment and parts sales. Hydraulic intensifiers find its application excavator & land movers and construction industry has prominent share of hydraulic intensifiers sales, therefore construction sector is anticipated to create lucrative opportunities for the market in the future.
This equipment is also used extensively in Agriculture industry for tractors and other agriculture machinery. Although covid-19 guidelines such as lockdown have meant restricted agriculture activities, sales are likely to improve over the course of the assessment period. They are also referred as Hydraulic booster which are used to provide power assist for applying hydraulic brakes.
Asia Pacific Hydraulic Intensifiers Market Outlook
The need to meet the requirements of a growing population in Asia Pacific, in conjunction with expanding industrialization in emerging nations, is fueling the growth of agriculture and construction industries, which, in turn, are increasing the request for hydraulic intensifiers for use in agriculture and construction equipment. The outbreak of the COVID-19 widespread in the region has driven to a noteworthy slowdown in this industry verticals. The widespread has seriously influenced the supply chain of the market.
Further increasing oil & gas offshore exploration will provide momentum to the market in the region, with increasing use of ROV’s(robot operated vehicles) in exploration, its sales is also anticipated to growth synchronously with it.
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US & Canada Demand Outlook for Hydraulic Intensifiers
US is one of the largest markets for Hydraulic intensifiers globally. Sales in U.S. is fueled by agriculture, oil &gas, firefighting, military equipment, drilling & mining application and automobile. Although construction industry remains prominent contributor.
Increased development activities will be a significant factor in driving the development of this products in U.S. Growing investment in infrastructural advancement and U.S government’s noteworthy investments in the development of sports infrastructure and facilities. This development in construction activities will increase the demand for hydraulic-based construction equipment, such as excavators, water powered cranes, and loaders. This, alongside innovative improvements within the core construction and infrastructure industry, is anticipated to increase demand.
Who are the Key Manufacturers and Suppliers of Hydraulic Intensifiers?
Some of the leading manufacturers and suppliers of hydraulic intensifiers include
- Toray industriesinc.
- Dynaset oy
- Air system products
- Yuken cr sro
- oil-air products
- GMW pvt. ltd.
- Hirotaka mfg. co.ltd.
- High pressure equipment company and others
Many leading manufacturers and suppliers have longstanding contracts with end-users to supply. Supply contract to provide hydraulic intensifiers to excavator manufacture, automotive manufacturer, agriculture machinery manufacturer.
Hydraulic Intensifiers Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- For Gas
- For Liquid
By End Users
- Power & Energy
- Auto Industry
- Machine Manufacturing
By Pressure Range (PSI)
- Below 2000
- 2000 to 10000
- Above 10000
- North America
- Latin America
- East Asia
- South Korea
- South Asia & Pacific
- ASEAN Countries
- Middle East and Africa
- GCC Countries
- North Africa
- South Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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