The U.S. aerospace
industry is increasing its demand for hydraulic fuel connectors.
Owing to this rise in demand, the North America hydraulic fluid
connectors market is expected to reach a value of US$4.74 billion in
2020. The market was worth US$2.84 billion in 2013 and is expected to
grow at a CAGR of 7.6% from 2014 to 2020, according to a Transparency
Market Research report titled “Hydraulic Fluid Connectors Market -
North America Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2014 - 2020”.The report details the factors that promote
growth of the North America hydraulic fluid connectors market, the
greatest of which is the demand from the U.S. aerospace industry.
Other factors include a growing demand for hydraulic connectors for
building construction equipment in North America. Numerous projects
are being initiated that are related to the oil and gas sector, the
petroleum sector, and the railroad industry.
In-depth research
report on Hydraulic Fluid Connectors Market with Full TOC at :
http://www.transparencymarketresearch.com/hydraulic-fluid-connectors-market.html
Possible avenues of
expansion for the North America hydraulic fluid connectors market
include the use of biobased raw materials and the use of biobased
hydraulics in hydraulic mechanisms.The report also discusses
restraints on the North America hydraulic fluid connectors market,
including the preference for pneumatic components and fluid
connectors over hydraulic ones.The 2013 market was dominated by
mobile hydraulic equipment. The segment held 67% of the market at the
time. The same segment is also reported to display the fastest growth
rate over the given forecast period owing to the growth of specific
mobile industries in North America, which includes aerospace and
agriculture
The report also
shows that hydraulic connectors are increasingly being used in
harvesters and tractor combines. Due to the growing demand for food
and textiles, the North America hydraulic fluid connectors market is
set to experience growth as well.The aerospace industry segment
within the North America hydraulic fluid connectors market held the
lead position in terms of application segments. The growing number of
civil aircraft for either business or leisure, both internationally
and domestically, have created ample scope for growth of the North
America hydraulic fluid connectors market. The report, however,
attributes the market’s growth to demand from the agriculture
segment. This segment, where fluid connectors are used in fittings
and hoses for numerous hydraulic applications, is expected to grow at
a CAGR of 7.9% during the report’s forecast period.The report’s
listing of key players in the North America hydraulic fluid
connectors market includes Manuli Hydraulics, Gates Corporation, ITT
Corporation, Parker Hannifin Corporation, and Eaton Corportation. The
market is also shown to be a consolidated one, with the top 5
companies accounting for over 70% of the market in 2013.
For further
inquiries, click here :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2490
Key segments of
the North America Hydraulic Fluid Connectors Market
North America
Hydraulic Fluid Connectors Market: Product Segment Analysis
- Mobile hydraulic
- Industrial hydraulic
North America
Hydraulic Fluid Connectors Market: Application Analysis
- Aerospace
- Agriculture
- Construction equipment
- Material handling
- Others (Marine, heavy truck, mining, etc.)
About Us
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Market Research employs rigorous primary and secondary research
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