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Published Date: 2014-06-23Number of Pages: 77

Hydraulic Fluid Connectors Market (Mobile Hydraulic and Industrial Hydraulic) for Aerospace, Agriculture, Construction Equipment, Material Handling and Other Applications - North America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Hydraulic fluid connectors are fluid conveyance equipment which is used to transfer liquids for power transmission in various hydraulic applications from one location to another. These equipments serve as parts of technology for power transmission to a more usable form and distribution to where it is needed. The most common methods of power transmission include mechanical, electrical and fluid power. Different fluid connectors such as hoses, couplings, manifolds, their respective assemblies and fittings which are further bifurcated into flared and flare-less types based on their structure, and metal and non-metal types based on their material, are used in the industry. These equipments are used to transfer fluids in a variety of hydraulic applications such as aerospace, agriculture equipment, construction equipments, material handling, oil & gas, food & beverage and mining. Hydraulic fluid connectors are classified into mobile hydraulic and industrial hydraulic. Mobile hydraulic fluid connectors are used in non-stationary applications such as trucks, agriculture equipment and aerospace. These components allow heavy equipment such as tower cranes or excavator trucks to operate in different locations or while moving from one place to another. Use of this technology enables the equipment to function without any external power source. The second type of equipment is the industrial hydraulic fluid connectors, which are used in stationary applications such as petroleum, and oil & gas. 

Growing consumption of hydraulic fluid connectors from the U.S. aerospace industry has been one of the major factors driving the market in the past few years. In addition, the growth of the North American construction equipment industry due to rising upcoming projects associated with oil and gas, petroleum and rail-road markets, has been contributing significantly towards the growing demand for hydraulic fluid connectors. However, the growing implementation of pneumatic components and fluid connectors over hydraulics is expected to hamper the growth of the market over the forecast period. Rising consumption of bio-based hydraulic fluids in hydraulic mechanisms as well as implementation of bio-based raw materials in hydraulic fluid connectors are anticipated to provide new opportunities for the growth of the market. 

Demand for hydraulic fluid connectors in North America was the highest for mobile hydraulic equipment, accounting for over 67% of the market share. In addition, this segment is anticipated to witness the fastest growth rate on account of the growth of certain mobile hydraulic industries in the region such as aerospace and agriculture. On account of rising demand for commodities such as textile and food owing to rising disposable incomes and growing population, agricultural activities have been on the rise in the region. This has boosted the demand for hydraulic fluid connectors in certain agriculture equipment such as tractors, combines & harvesters.

In 2013, aerospace accounted for the largest application segment in the hydraulic fluid connectors market in North America. Increasing production of civil aircrafts has been witnessed over the years on account of certain factors such as rising demand for leisure and business travel internationally as well as domestically. However, future market growth is anticipated to come from the agriculture industry, rising at a CAGR of 7.9%, from 2014 to 2020. On account of rising number of agricultural activities due to the rising demand for food and textiles, demand for fluid connectors such as hoses and fittings for various hydraulic applications is expected to rise significantly over the forecast period.

Eaton Corporation, Parker Hannifin Corporation, ITT Corporation, Gates Corporation and Manuli Hydraulics among others are some of the key players present in the hydraulic fluid connectors industry in North America. In addition, the hydraulic fluid connectors market is concentrated with the top five companies accounting for more than 70% of the market as of 2013.

Table of Content

Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
      1.2.1 North America hydraulic fluid connectors market segmentation
1.3 Report methodology
      1.3.1 Assumptions

Chapter 2 Executive Summary
2.1 North America hydraulic fluid connectors market, 2013 - 2020 (USD Million)
2.2 North America hydraulic fluid connectors market snapshot (2013 and 2020)

Chapter 3 Hydraulic Fluid Connectors Market – North America Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
      3.3.1 Increasing demand for hydraulic fluid connectors from the aerospace industry
              3.3.1.1 U.S. aerospace industry sales (USD Billion)
              3.3.1.2 U.S. aerospace industry revenue share, by product, 2003 and 2013
      3.3.2 Growth of the North American construction equipment industry
              3.3.2.1 North America construction industry for fluid power products, 2013 - 2020 (USD Billion)
3.4 Market restraints
      3.4.1 Growing competition from pneumatic fluid power technology
3.5 Market opportunity
      3.5.1 Increasing implementation of bio-based fluids and fluid connectors
3.6 Porter’s five forces analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat of substitutes
      3.6.5 Degree of competition
3.7 Hydraulic fluid connectors: Market attractiveness analysis
3.8 Hydraulic fluid connectors: Company market share analysis, 2013
3.9 U.S. hydraulic fluid connectors shipment scenario
      3.9.1 U.S. hydraulic fluid connectors shipment revenue, by product (USD Million)
      3.9.2 U.S. shipment revenue share for hydraulic fluid connectors product, by sub-product

Chapter 4 Hydraulic Fluid Connectors Market - North America Product Segment Analysis
4.1 North America hydraulic fluid connectors market: Product segment overview
      4.1.1 North America hydraulic fluid connectors market, revenue share, by product segment, 2013 and 2020
4.2 North America hydraulic fluid connectors market, by product segment
      4.2.1 Mobile hydraulic
               4.2.1.1 North America hydraulic fluid connectors market for mobile hydraulic, 2013 – 2020 (USD Million)
      4.2.2 Industrial hydraulic
              4.2.2.1 North America hydraulic fluid connectors market for industrial hydraulic, 2013 – 2020 (USD Million)

Chapter 5 Hydraulic Fluid Connectors Market – North America Application Analysis
5.1 North America hydraulic fluid connectors market: application overview
      5.1.1 North America hydraulic fluid connectors market revenue share, by application, 2013 and 2020
5.2 North America hydraulic fluid connectors market, by application
      5.2.1 Aerospace
              5.2.1.1 North America hydraulic fluid connectors market in aerospace industry, 2013 – 2020 (USD Million)
      5.2.2 Agriculture
              5.2.2.1 North America hydraulic fluid connectors market in agriculture industry, 2013 – 2020 (USD Million)
      5.2.3 Construction equipment
               5.2.3.1 North America hydraulic fluid connectors market in construction equipment, 2013 – 2020 (USD Million)
      5.2.4 Material handling
              5.2.4.1 North America hydraulic fluid connectors market in material handling, 2013 – 2020 (USD Million)
      5.2.5 Others (Marine, heavy truck, mining, etc)
               5.2.5.1 North America hydraulic fluid connectors market in other applications, 2013 – 2020 (USD Million)

Chapter 6 Company Profiles
6.1 Cameron International Corporation
      6.1.1 Company overview
      6.1.2 Product portfolio
      6.1.3 Financial overview
      6.1.4 Business strategy
      6.1.5 SWOT analysis
      6.1.6 Recent developments
6.2 Eaton Corporation plc
      6.2.1 Company overview
      6.2.2 Product portfolio
      6.2.3 Financial overview
      6.2.4 Business strategy
      6.2.5 SWOT analysis
      6.2.6 Recent developments
6.3 Gates Corporation
      6.3.1 Company overview
      6.3.2 Product portfolio
      6.3.3 Financial overview
      6.3.4 Business strategy
      6.3.5 SWOT analysis
      6.3.6 Recent developments
6.4 Parker Hannifin Corporation
      6.4.1 Company overview
      6.4.2 Product portfolio
      6.4.3 Financial overview
      6.4.4 Business strategy
      6.4.5 SWOT analysis
      6.4.6 Recent developments
6.5 Manuli Hydraulics
      6.5.1 Company overview
      6.5.2 Product portfolio
      6.5.3 Financial overview
      6.5.4 Business strategy
      6.5.5 SWOT analysis
      6.5.6 Recent developments
6.6 Kurt Hydraulics
      6.6.1 Company overview
      6.6.2 Product portfolio
      6.6.3 Business strategy
      6.6.4 SWOT analysis
      6.6.5 Recent developments
6.7 RYCO Hydraulics Pty. Ltd.
      6.7.1 Company overview
      6.7.2 Product portfolio
      6.7.3 Business strategy
      6.7.4 SWOT analysis
6.8 ITT Corporation
      6.8.1 Company overview
      6.8.2 Product portfolio
      6.8.3 Financial overview
      6.8.4 Business strategy
      6.8.5 SWOT analysis
      6.8.6 Recent developments
6.9 SPX Corporation
      6.9.1 Company overview
      6.9.2 Product portfolio
      6.9.3 Financial overview
      6.9.4 Business strategy
      6.9.5 SWOT analysis
      6.9.6 Recent developments

List of Figures 

FIG. 1 North America hydraulic fluid connectors market segmentation
FIG. 2 North America hydraulic fluid connectors market, 2013 - 2020 (USD Million)
FIG. 1 Hydraulic fluid connectors: Value chain analysis
FIG. 2 U.S. aerospace industry sales (USD Billion)
FIG. 3 U.S. aerospace industry revenue share, by product, 2003 and 2013
FIG. 4 North American construction industry for fluid power products, 2013 – 2020 (USD Billion)
FIG. 5 Porter’s five forces analysis
FIG. 6 Hydraulic fluid connectors: Market attractiveness analysis
FIG. 7 Hydraulic fluid connectors: Company market share analysis (2013)
FIG. 8 U.S. shipment revenue share for product code 332912H, by sub-product (2010)
FIG. 9 U.S. shipment revenue share for product code 332912L, by sub-product (2010)
FIG. 10 U.S. shipment revenue share for product code 332912F, by sub-product (2010)
FIG. 11 North American hydraulic fluid connectors market, revenue share, by product segment, 2013 and 2020
FIG. 12 North America hydraulic fluid connectors market for mobile hydraulic, 2013 – 2020 (USD Million)
FIG. 13 North American hydraulic fluid connectors market for industrial hydraulic, 2013 – 2020 (USD Million)
FIG. 14 North America hydraulic fluid connectors market, revenue share, by application, 2013 and 2020
FIG. 15 North America hydraulic fluid connectors market in the aerospace industry, 2013 – 2020 (USD Million)
FIG. 16 North America hydraulic fluid connectors market in agriculture industry, 2013 – 2020 (USD Million)
FIG. 17 North America hydraulic fluid connectors market in construction equipment, 2013 – 2020 (USD Million)
FIG. 18 North America hydraulic fluid connectors market in material handling, 2013 – 2020 (USD Million)
FIG. 19 North America hydraulic fluid connectors market in other applications, 2013 – 2020 (USD Million)

List of Tables 

TABLE 1 North America hydraulic fluid connectors market snapshot (2013 and 2020)
TABLE 2 Drivers for hydraulic fluid connectors market: Impact analysis
TABLE 3 Restraints for hydraulic fluid connectors market: Impact analysis
TABLE 4 U.S. hydraulic fluid connectors shipment revenue, by product (USD Million)

Hydraulic fluid connectors are conveyance equipment which are used in the fluid power industry for power transmission and other purposes. Various equipment such as hoses, tubing, fittings, manifolds and their assemblies are used in a wide range of hydraulic applications in industries including aerospace, agriculture equipment, construction equipment, marine, mining, and material handling. 

For research, we have conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders. Primary research represents the bulk of the research effort coupled with an extensive secondary research. We reviewed the key players’ annual reports, product portfolio, press releases and relevant documents for competitive analysis and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trades, internet sources, trade associations, statistical data from government websites and associated authorized agency websites. This has proved to be the most successful, effective and reliable approach for obtaining concise data, capturing industry participants’ insights and recognizing opportunities and growth.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings. It also includes internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases and market reports. News articles, press releases and web-casts specific to the companies operating in the market also serve as a part of secondary sources. 
We conduct primary interviews on an on-going basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills various functions. First-hand information is obtained on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in validating and strengthening the secondary research findings, and further develops the analysis team’s expertise and market understanding. The primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The report on North America hydraulic fluid connectors provides a detailed analysis and forecast of the market from 2014 to 2020. At a regional level, the market has been segmented on the basis of revenue (USD million) from 2014 to 2020. For an in-depth understanding of the market in North America, the demand has been forecast based on revenue (USD million) for a time period ranging between 2014 and 2020. The report includes drivers as well as restraints and their impact on the growth of the market within the forecast period. Furthermore, the report encompasses opportunities available for the growth of this market, on a global as well as regional level.

To offer a detailed understanding of the market, we have provided a thorough analysis of the value chain. In addition, we have covered the Porter’s five forces model, which provides an in-depth insight into the intensity of competition in this market. Furthermore, the study comprises a market attractiveness analysis, where numerous applications are benchmarked based on market size, growth rate, and general attractiveness.

The market has been segmented based on products and applications. The segments have been analyzed and forecast based on revenue (USD million) from 2014 to 2020. Additionally, the segments have been analyzed and forecast based on current trends at a regional level, over the given time period. The demand has been analyzed and forecast based on current trends for a period of six years. 

Profiles of certain leading companies have been covered in this report along with a detailed analysis of their market share. The study features companies such as Eaton Corporation, Parker Hannifin Corporation, Gates Corporation, Manuli Hydraulics, Kurt Hydraulics and SPX Corporation.The market has been segmented as below:
North America Hydraulic Fluid Connectors Market - Product Segment Analysis
  • Mobile hydraulic fluid connectors
  • Industrial hydraulic fluid connectors
North America Hydraulic Fluid Connectors Market - Application Analysis
  • Aerospace
  • Agriculture
  • Construction equipment
  • Material handling
  • Others (Marine, heavy truck, mining, etc.)


 
 
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