As per the reports published by Market Research Future (MRFR), the global hydraulic equipment market is estimated to generate a revenue of USD 54.6 billion by the conclusion of 2024. The market is likely to develop at 4.02% CAGR over the period, 2019 to 2024. Hydraulic equipment implies the usage of pressurized fluids in order to perform machining functions. The hydraulic system makes use of liquid (usually oil) to transfer electricity and has few benefits over mechanical and electrical ... Read more

"According to a market report by Lucintel, the future of the global hydraulic equipment market looks promising with opportunities in the mining & construction, agriculture & forestry, packaging, and material handling markets. The global hydraulic equipment market is expected to reach an estimated $45.1 billion by 2030 with a CAGR of 3.7% from 2024 to 2030. The major drivers for this market are growing adoption of automation technology, rapid industrialization, and increasing demand ... Read more