Skip to main content

Aerospace Industry Ramps up Demand for Hydraulic Fluid Connectors, Market to Grow at 7.6% CAGR from 2014 to 2020

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.

View Exclusive Global Strategic Business Report:  http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2490

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.

Browse The Full Article Here:  

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.

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.)
Labels:
Location: Albany, NY, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry ...
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid proto...
Post a Comment
Read more