Fluid Power Equipment Market is predicted to reach USD 68.26 Billion by 2030

According to the study by Next Move Strategy Consulting, the global Fluid Power Equipment Market size is predicted to reach USD 68.26 billion with a CAGR of 6.3% by 2030.

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The rapidly increasing urbanization have resulted in a huge number of construction activities, which leads to the demand for hydraulic fluid equipment in construction vehicles including dragline excavator, bulldozers, graders, and wheel tractor scraper.

North America dominates the fluid power equipment market and is expected to continue its dominance during the forecast period.

Various market players operating in the fluid power equipment sector includes Daikin Industries Ltd., Bosch Rexroth AG, Danfoss, Eaton Corporation plc., Festo Inc., Parker Hannifin Corp., Linde Hydraulics GmbH & Co., HYDAC International GmbH., Kawasaki Heavy Industries Ltd., Altrad Sparrows, and others.