Germany hydraulic equipment market is estimated to grow at a CAGR of 4.5% during the forecast period. As per the German Association of the Automotive Industry (VDA), the exports of passenger cars reported in the country was 338,440 in November 2020, which increased from 11% compared to November 2019. In December 2020, the production of passenger cars reported was 280,800, an increase of 1% compared to December 2019. There is a significant presence of major automobile companies such as Volkswagen Group and Audi AG in the country. This, in turn, is resulting in a large automobile production base in the region that is driving the demand for hydraulic equipment that is suitable for application in suspension, braking, and power steering systems. Automobiles need hydraulic pumps, hydraulic brakes, and hydraulic motors, to achieve their complete range of functionality. One of the essential uses of hydraulics in motor vehicles is advanced braking systems. Hydraulically operated brakes are highly responsive and implement very quickly than electric brakes. Additionally, a considerable amount of hydraulic equipment is required during automobile production to move heavy parts from one place to another.
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Scope of the Germany Hydraulic Equipment Market
Market Coverage
- Market number available for 2021-2030
- Base year- 2023
- Forecast period- 2023-2030
- Segment Covered- By Type, Product, and End-User Industry
- Competitive Landscape- Bosch Rexroth AG, Danfoss A/S, Kawasaki Heavy Industries, Ltd., and Bucher Hydraulics GmbH
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Germany Hydraulic Equipment Market-Segmentation
By Type
- Mobile Hydraulics
- Industrial Hydraulics
By Product
- Motors and Pumps
- Valves
- Cylinders
- Others
By End-User Industry
- Construction and Mining
- Agriculture
- Oil and Gas
- Automotive
- Aerospace and Defense
- Others
Company Profiles
- Bosch Rexroth AG
- Bucher Hydraulics GmbH
- Daikin Industries, Ltd.
- Danfoss A/S
- HYDAC Verwaltung GmbH
- Linde Hydraulics GmbH & Co. KG
- Parker-Hannifin Corp.
- Poclain Hydraulics SA
- Rheintacho Messtechnik GmbH
- Weber-Hydraulik GmbH
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