According to the business intelligence report titled ‘Global Fluid Power Equipment Market: Analysis By Type (Hydraulic, Pneumatic), Product (Pumps, Motors, Valves, Cylinders, Filters, Actuators), Application, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global fluid power equipment market which had a valuation of USD 48.9 billion in 2020 is anticipated to experience a strong growth rate through 2026.

Rising automation in factories, increasing production of vehicles, penetration of user-friendly products, and strict international standards for efficiency of motor are some of the major factors fueling global fluid power equipment market growth.

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Further, rapid urbanization, increasing presence of multinational corporations and native supply chain enterprises as well as escalating product usage across different industry verticals will have a positive impact on the growth trajectory of the market in the upcoming years.

However, the onset of the Covid-19 pandemic and the ensuing lockdown mandates across the globe have caused some major disruptions in the global supply chain scenario, adversely affecting overall sales and revenue generation for the market in recent times, thereby posing as a major hurdle for industry players to overcome during the forecast timeline.  

Moving on, for the purpose of a comprehensive assessment, the global fluid power equipment industry is fragmented in terms of product landscape, type, application spectrum and region. Each sub-market is thoroughly analyzed in the research report to aid stakeholders gain a competitive edge and maximize their profit margins in the foreseeable future.  

From a geographical standpoint, Asia Pacific is touted to be a major contributor to the total renumeration scale of the industry during the analysis timeframe. This development can be attributed to proliferation of the automobile industry and the industrial sector, along with increasing focus on developing the manufacturing sector in emerging economies like India and China.

The competitive framework of the global fluid power equipment marketplace is majorly influenced by key players such as Concentric AB, Robert Bosch GmbH, The Flowserve Corporation, Daikin Industries Ltd., Schlumberger Ltd., Gates Industrial Corporation plc, Eaton Corporation plc, Emerson Electric Co., Crane Co., The Flowserve Corporation, and Marzocchi Pompe S.p.A.