/ Report Details / Global Hydraulic Fluid Connectors Market: By Type (Stationary connectors and mobile connectors)
Global Hydraulic Fluid Connectors Market: By Type (Stationary connectors and mobile connectors), by applications (construction, earth moving equipment, aerospace, agriculture, oil & gas, manufacturing, and material handling & logistics), by regions (North America, Asia Pacific, Europe, Latin America, and MEA)
REPORT HIGHLIGHT
In 2019, the global hydraulic fluid connectors market was estimated at USD 535.9 million. By the end of 2026, the market will have grown at a CAGR of 7.0 percent, reaching USD 987.5 million.
Hydraulic fluid connectors are metal connections used to link any water-driven liquid conveyor, such as a hose, pipe, or tube, to other pressure-driven devices, such as water-driven pumps, water-powered engines, supplies, chambers, actuators, or other hoses and tubes. These connections are required for the transfer of pressure-driven liquids from one device to another. These connections are frequently used in the aviation industry for critical water-powered frameworks such as flight controls, stream motor pumps, landing gear components, etc. To be used in heavy industrial applications, connectors must pass stringent quality models and testing.
MARKET DYNAMICS
The global industry continues to develop at a steady rate. The industry is driven by growing industrial activities in distant operations where heavy-duty vehicles are employed in mining, construction, and material handling applications. The industry is being driven by an increase in off-highway vehicles such as earthmovers, cranes, and lift vehicles.
The market for hydraulic fluid connections is growing in tandem with the construction equipment industry's robust expansion. Increasing construction activity and the repair of the aging infrastructure is rising demand from the infrastructure industry. The increasing use of sophisticated agricultural equipment, such as automated equipment, aided by favorable government regulations, is projected to boost market development once again. The expansion is being helped by strong growth in the other manufacturing industries.
The availability of tearout-proof technology has improved the overall safety of the fluid system. Advancements drive the demand for enhanced rubber compounds that can handle severe and rigorous temperature applications. Hydraulic fluid connector manufacturers are continuously spending in research & development to stay competitive in the industry. Shortly, the usage of bio-based fluids for fluid connectors is projected to create new application possibilities. Because of its environmentally benign character, bio-based hydraulic oil is quickly gaining popularity in these systems. These fluids are non-toxic and can be found in both mineral and vegetable forms.
The existence of defects, dirt, or other foreign items is a severe problem for connectors. The flow of activities will be supported by routine maintenance and the replacement in even of leakage or system failure. The hydraulic fluids system's corrosive character is likely to stifle the expansion of the industry. Furthermore, this system needs frequent maintenance and checks to minimize leaks, which is expected to hamper the growth.
MARKET SEGMENTATION
Types and applications can bifurcate the hydraulic fluid connector industry.
TYPE TAKEAWAY
Stationary connectors and mobile connectors are two major types available in the industry. In industries such as oil and gas and heavy manufacturing industries, stationary connectors are used. Due to the large market size of application industries, stationary connectors occupy a significant share during the forecast period. Notable applications of mobile type are in aviation and other heavy automotive. The ever-expanding aviation industry and a new application of connectors in aircraft control create new opportunities for mobile connectors in these sectors.
APPLICATION TAKEAWAY
The primary application of fluid connectors is in construction, earth moving equipment, aerospace, agriculture, oil & gas, manufacturing, and material handling & logistics. Aerospace and manufacturing cover most of the application segment share due to increasing opportunities in new applications and large industry sizes. The demand for airport material handling and ground support equipment, including de-icing machines, loaders, fuelling trucks, mobile lifts, and other portable devices, is exploding. With increasing development in emerging economies such as India, China, and Brazil, the construction application of connectors in these regions is rapidly growing. Apart from that, large-scale farming in developing countries with heavy machinery is also a lucrative segment. Upcoming major ports to facilitate sea trade is boosting demand in the material handling and logistics sector. Thus, divergent applications and new product development for suitable applications are expected to increase the need for fluid connectors.
REGIONAL TAKEAWAYS
Compared to other regions, the hydraulic fluid connector market in the Asia Pacific and North America has a competitive share. Hydraulic fluid connectors are being used increasingly in the oil and gas sector in the United States, Russia, China, India, and the Gulf nations. The market is being driven by the increasing use of pipelines to transfer oil and gas from one place to another, transcontinental pipeline projects, and distant operations. The Asia Pacific region is anticipated to expand rapidly in the global market during the forecast period. The increase in steel tariffs imposed by the U.S. government is projected to benefit regional hydraulic fluid connector producers. Still, it is likely to hinder the expansion of players from other countries, particularly China. The political environment in the United States and OPEC nations influences crude oil prices and their impact on new projects, which is expected to affect the hydraulic fluid connection market's growth. The hydraulic fluid connector market is projected to be driven by expenditures in construction and marine applications. The adoption of hydraulic fluid connectors is projected to benefit from brownfield and greenfield projects in respective end-use applications in the United States, Brazil, U.A.E., Saudi Arabia, Russia, India, China, and Southeast Asian nations.
COVID-19 IMPACT
Due to lockdowns, travel bans, and company closures, the COVID-19 epidemic has impacted economies and sectors in several nations. As a result of the epidemic, the global food and beverage industry is critical businesses experiencing severe disruptions such as supply chain disruptions, technology event cancellations, and workplace closures. With the presence of and the world's major raw material suppliers, China is the global industrial powerhouse. Because of factory closures, supply chain bottlenecks, and the global economic crisis, the general market breakdown caused by COVID-19 is also hurting the growth of the bacon market. The global oil and gas industry also went through a rough patch during the initial period of pandemic spread. It was due to a disrupted supply chain through sea routes and decreased demand for petroleum products. This disruption directly impacted the need for fluid connectors globally. Other major application industries, such as the aviation market, also observed shrinking demand for prolonged periods.
KEY PLAYERS
Some of the prominent companies in the fluid connector market are ALFAGOMMA S.P.A Manuli Hydraulics, Eaton, B&E Manufacturing, Kurt hydraulics, Cameron International Parker Hannifin, Aerocom Specialty Fittings, RYCO hydraulics, Gates Corp., Titeflex, Atlas Specialty Products, Faber Enterprises, and I.T.I. Corporation, S.P.X. Corp.
To overcome the obstacles and recover agility, a rising number of players are embracing IT-enabled business strategies. In addition, to remain ahead of the curve, several of the industry's leading firms have redesigned their consumer propositions and are doing market research to better grasp the game-changing models for the post-pandemic future.
Mergers and acquisitions by important market players for corporate development are becoming more common. For example, Danfoss stated in January 2020 that it had signed a contract to buy Eaton's Hydraulics division for 3.3 billion dollars in cash. This purchase completely supports Danfoss' aim to strengthen the mobile and industrial hydraulics sector.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2016 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2021 to 2027
TARGET AUDIENCE
- Manufacturers
- Raw Material Suppliers
- Distributors
- Original Equipment Manufacturers
- Consulting Firms
- Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL HYDRAULIC FLUID CONNECTORS MARKET KEY PLAYERS
- Manuli Hydraulics
- Eaton
- B&E Manufacturing
- Atlas Specialty Products
- Kurt hydraulics
- Parker Hannifin
- Aerocom Specialty Fittings
- Faber Enterprises
- RYCO hydraulics
- Gates Corp.
- Titeflex
- Cameron International
- T.I. Corporation
- P.X. Corp.
- ALFAGOMMA S.P.A
GLOBAL HYDRAULIC FLUID CONNECTORS MARKET, BY TYPE
- Stationary Connectors
- Mobile Connectors
GLOBAL HYDRAULIC FLUID CONNECTORS MARKET, BY APPLICATION
- Construction
- Earthmoving equipment
- Aerospace
- Agriculture
- Oil & gas
- Manufacturing
- Material handling & logistics
GLOBAL HYDRAULIC FLUID CONNECTORS MARKET, BY REGIONS
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. HYDRUALIC FLUID CONNECTORS MARKET OVERVIEW
1.1. Study Scope
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Types
2.1.2. Market Snippet by Applications
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. HYDRUALIC FLUID CONNECTORS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. HYDRUALIC FLUID CONNECTORS APPLICATION STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. HYDRUALIC FLUID CONNECTORS MARKET: COVID-19 IMPACT ANALYSIS
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. HYDRUALIC FLUID CONNECTORS MARKET LANDSCAPE
6.1. Market Share Analysis, 2019
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. HYDRUALIC FLUID CONNECTORS MARKET – BY TYPES
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2020 & 2027 (%)
7.2. Stationary Connectors
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.3. Mobile Connectors
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8. HYDRUALIC FLUID CONNECTORS – BY APPLICATIONS
8.1. Overview
8.1.1. Segment Share Analysis, By Applications, 2020 & 2027 (%)
8.2. Construction
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.3. Earth Moving Equipment
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.4. Aerospace & Aviation
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.5. Agriculture
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.6. Oil & gas
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.7. Manufacturing
8.7.1. Overview
8.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.8. Material handling & logistics
8.8.1. Overview
8.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9. HYDRUALIC FLUID CONNECTORS MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.2.4. North America Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.2.5. North America Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.6.3. U.S. Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.2.6.4. U.S. Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.7.3. Canada Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.2.7.4. Canada Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.3.4. Europe Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.3.5. Europe Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.6.3. Germany Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.3.6.4. Germany Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.7.3. Italy Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.3.7.4. Italy Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.8.3. U.K. Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.3.8.4. U.K. Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.9.3. France Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.3.9.4. France Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.10.3. Rest of Europe Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.3.10.4. Rest of Europe Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.4. Asia Pacific
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.4.4. Asia Pacific Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.4.5. Asia Pacific Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.6.3. India Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.4.6.4. India Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.7.3. China Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.4.7.4. China Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.8.3. Japan Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.4.8.4. Japan Market Size and Forecast, By Applications, 2016 - 2027 (US billion)
9.4.9. Rest of APAC
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.9.3. Rest of APAC Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.4.9.4. Rest of APAC Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.5.4. Latin America Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.5.5. Latin America Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.6.3. Brazil Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.5.6.4. Brazil Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.7.3. Mexico Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.5.7.4. Mexico Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.8.3. Argentina Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.5.8.4. Argentina Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.5.9. Rest of LATAM
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.9.3. Rest of LATAM Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.5.9.4. Rest of LATAM Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.6.4. Middle East and Africa Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.6.5. Middle East and Africa Market Size and Forecast, By Applications, 2016 - 2027 (US$ Billion)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.7.3. U.A.E. Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.6.7.4. U.A.E. Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.6.8. Rest of MEA
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.8.3. Rest of MEA Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.6.8.4. Rest of MEA Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
10. KEY VENDOR ANALYSIS
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Manuli Hydraulics
10.2.1.1. Company Overview
10.2.1.2. Financial Performance
10.2.1.3. Product Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. Eaton
10.2.3. B&E Manufacturing
10.2.4. Atlas Specialty Products
10.2.5. Kurt hydraulics
10.2.6. Parker Hannifin
10.2.7. Aerocom Specialty Fittings
10.2.8. Faber Enterprises
10.2.9. RYCO hydraulics
10.2.10. Gates Corp.
10.2.11. Titeflex
10.2.12. Cameron International
10.2.13. ITI Corporation
10.2.14. SPX Corp.
10.2.15. ALFAGOMMA S.P.A.
11. 360 DEGREE ANALYST VIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
