The global hydraulic pump market size was estimated to be USD 7,894 million in 2016 and is expected to grow over the forecast period driven primarily by the growth in mobility and industrial market.
In addition, growing demand for environment friendly products with minimum emission of CO2 and minimum energy consumption is projected to provide further growth impetus.
Growth in the automobile industry that uses the hydraulic pump in cars, trucks and other vehicles as a power generating mechanism shall propel the demand over the next few years. Usage of hydraulic pumps in excavators, cranes, loaders, tractors, vacuum trucks, dump trucks, and other such vehicles that are extensively used in construction and industrial sector will also present growth opportunities.
Details
- Publication Date
- May 3, 2018
- Language
- English
- Category
- Business & Economics
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): susan hill
Specifications
- Format