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North America Hydraulic Fluid Connectors Market Outlook, 2016-2024

Hydraulic Fluid Connectors Market (Product - Mobile Hydraulic and Stationary Hydraulic; Application - Aerospace) - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

North America Hydraulic Fluid Connectors Market: Overview

The North America hydraulic fluid connectors market is expected to reach US$987.6 million, advancing at a CAGR of 7.10% from 2016 to 2024 (forecast period). 

Hydraulic fluid connectors are metal connectors used to link any water-powered liquid conveyor, for example, a hose, pipe, or tube, to other pressure-driven devices, like water-powered engine, water-powered pumps, or other hoses and tubes. These connectors are required to transfer pressure-driven liquids from one device to the next. These connectors are commonly used in the aviation industry for essential water-powered frameworks, such as stream motor pumps, flight controls, landing gear components, etc. The North America hydraulic fluid connectors market has grown significantly in recent years, owing to the region's consistent expansion of civil aviation industry.

Booming Aviation Sector to Boost North America Hydraulic Fluid Connectors Market

The rising air passenger traffic for both international and domestic flights, due to increased tourist and commercial activity, is driving the demand for new aircrafts, thereby propelling the North America hydraulic fluid connectors market.

Moreover, the growing demand for airport material handling and ground support equipment, including loaders, fueling trucks, mobile lifts, and other moveable equipment, is creating tremendous opportunities for the North America hydraulic fluid connectors market.

north america hydraulic fluid connectors market

Mobile Hydraulics to Remain Major Product Type

Mobile hydraulics has emerged as the most lucrative product in the North America hydraulic fluid connectors market and is projected to maintain this position in the coming years. The growth is due to the increasing demand for newer and larger aircrafts, as well as an increase in ground support vehicles. Moreover, the rising demand for stationary hydraulic connectors in end-use sectors such as construction, oil and gas, mining, and others is boosting the stationary hydraulic product segment.

The mobile hydraulics segment includes all moveable equipment, devices, and crafts, including airplanes, luggage handling vehicles, container carriers, and tugs. Mobile hydraulics also includes airport material handling equipment such as container loaders and ground support equipment like as fueling trucks, mobile lifts, de-icing machines, loaders, and numerous other moveable devices. On the flip side, the stationary hydraulic product segment consists solely of hangar equipment, jet-bridge, and maintenance equipment.

Manufacturers Strive for Leak-Free System

Hydraulic fluid connectors are used in several process industries to connect various types of tubes, hoses, and pipelines to valves and pumps. Oil & gas, construction, mining, automotive, and marine are among these sectors. With rapid pace of industrialization, the hydraulic fluid connectors market is rapidly expanding. Manufacturers are leaning on unveiling designs that are simple to install and reopen for easy maintenance. The adoption of a resilient leakage system to match the needs of advanced hydraulic systems provides profitable opportunities for expansion in the North America hydraulic fluid connectors market. Moreover, market participants are offering high-quality products in order to get a competitive advantage over their competitors.

Market Players to Adopt New Strategies Amid COVID-19 Pandemic

The COVID-19 pandemic has posed major operational and strategic hurdles for the process industries, with some effects expected to last for several years. The pandemic has also had an impact on the various operational management tactics used by various firms. To overcome the hurdles and restore agility, an increasing number of players in the North America hydraulic fluid connectors market are embracing IT-enabled business models. In addition, several prominent players have updated their customer offerings to remain ahead of the competition. These market players are conducting market research to grasp the groundbreaking models for the new, post-pandemic future.

U.S. to Lead North America Hydraulic Fluid Connectors Market

The U.S. and Canada are the leading countries in the North America hydraulic fluid connectors market. In 2015, the United States led the North America hydraulic fluid connectors market with a market share of more than 85%. Researchers anticipate that the United States will maintain its leadership in the next few years due to its economic expansion, thriving aviation sector, and high disposable income of the target population. Flight rate reductions are enticing a significant number of people to travel by air for domestic journeys, boosting the civil aviation industry and thereby strengthening the North America hydraulic fluid connectors market.

Eaton Corp. Plc and Parker Hannifin Corp. are the leading players in the North America hydraulic fluid connectors market. Other prominent vendors in the North America hydraulic fluid connectors market are Kurt Hydraulics, Faber Enterprises, Atlas Specialty Products, RYCO Hydraulics Pty. Ltd., ALFAGOMMA S.P.A, Aerocom Specialty Fittings Inc., Gates Corp., B&E Manufacturing Co. Inc., Manuli Hydraulics, and Titeflex.

The North America hydraulic fluid connectors market for aerospace application has been divided into the following segments:

By Product

  • Mobile Hydraulic
  • Stationary Hydraulic

By Country

  • U.S.
  • Canada
North America Hydraulic Fluid Connectors Market Outlook, 2016-2024

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Frequently Asked Questions

What was the value of the North America Hydraulic Fluid Connectors Market globally in 2016?

In 2016, North America Hydraulic Fluid Connectors Market was valued at US$ 535.9 Mn

What is the North America Hydraulic Fluid Connectors Market Size?

North America Hydraulic Fluid Connectors Market is expected to Reach US$ 535.9 Mn By 2024

What is the CAGR for North America Hydraulic Fluid Connectors Market?

North America Hydraulic Fluid Connectors Market is estimated to rise at a CAGR of 7.1% during forecast period

What are the key factors driving the growth of North America Hydraulic Fluid Connectors Market?

Hydraulic Fluid Market Will Be Driven By Rising Application In Civil Aviation Industry

Who are the key players in the North America Hydraulic Fluid Connectors Market?

Key players of North America Hydraulic Fluid Connectors Market are Kurt Hydraulics, Faber Enterprises, Atlas Specialty Products, RYCO Hydraulics Pty. Ltd., ALFAGOMMA S.P.A, Aerocom Specialty Fittings Inc., Gates Corp., B&E Manufacturing Co. Inc., Manuli Hydraulics, and Titeflex

1. Preface
     1.1. Report Scope and Market Segmentation 
     1.2. Research Highlights

2. Assumptions and Research Methodology
     2.1. Assumptions and Acronyms Used
     2.2. Research Methodology

3. Executive Summary
     3.1. Market Size, Indicative (US$ Mn)
     3.2. Top 3 Trends

4. Market Overview
     4.1. Product Overview
     4.2. Key Industry Developments
     4.3. Market Indicators
     4.4. Drivers and Restraints Snapshot Analysis
            4.4.1. Drivers
            4.4.2. Restraints
            4.4.3. Opportunities
     4.5. Porter’s Analysis
            4.5.1. Threat of Substitutes
            4.5.2. Bargaining Power of Buyers
            4.5.3. Bargaining Power of Suppliers
            4.5.4. Threat of New Entrants
            4.5.5. Degree of Competition
     4.6. Value Chain Analysis

5. North America Hydraulic Fluid Connectors Market Analysis
     5.1. Key Findings
     5.2. Introduction
     5.3. North America Hydraulic Fluid Connector Market Overview for Aerospace Application
     5.4. North America Hydraulic Fluid Connector Market for Aerospace Application Value Share Analysis, by Product
     5.5. North America Hydraulic Fluid Connector Market for Aerospace Application Forecast, by Product 
            5.5.1. Mobile Hydraulic
            5.5.2. Stationary Hydraulic
     5.6. North America Hydraulic Fluid Connector Market for Aerospace Application Market Attractiveness, by Product
     5.7. North America Hydraulic Fluid Connector Market for Aerospace Application Value Share Analysis, by Country
     5.8. Market Trends
     5.9. North America Hydraulic Fluid Connector Market for Aerospace Application Forecast, by Country
            5.9.1. U.S.
            5.9.2. Canada
     5.10. North America Hydraulic Fluid Connector Market for Aerospace Application Market Attractiveness, by Country
     5.11. Market Trends

6. Competition Landscape
     6.1. North America Hydraulic Fluid Connector Market Share Analysis for Aerospace Application By Company (2015)
     6.2. Competition Matrix
            6.2.1. Parker Hannifin Corporation
            6.2.2. Eaton Corporation Plc 
     6.3. Company Profiles
            6.3.1. Parker Hannifin Corporation 
                     6.3.1.1. Company Description
                     6.3.1.2. Business Overview
                     6.3.1.3. SWOT Analysis
                     6.3.1.4. Financial Details
                     6.3.1.5. Strategic Overview
            6.3.2. Eaton Corporation Plc
                     6.3.2.1. Company Description
                     6.3.2.2. Business Overview
                     6.3.2.3. SWOT Analysis
                     6.3.2.4. Financial Details
                     6.3.2.5. Strategic Overview
            6.3.3. Kurt Hydraulics
                     6.3.3.1. Company Description
                     6.3.3.2. Business Overview
            6.3.4. RYCO Hydraulics Pty. Ltd. 
                     6.3.4.1. Company Description
                     6.3.4.2. Business Overview
            6.3.5. Manuli Hydraulics 
                     6.3.5.1. Company Description
                     6.3.5.2. Business Overview
            6.3.6. Gates Corporation 
                     6.3.6.1. Company Description
                     6.3.6.2. Business Overview
            6.3.7. ALFAGOMMA Spa 
                     6.3.7.1. Company Description
                     6.3.7.2. Business Overview
            6.3.8. B&E Manufacturing Company, Inc. 
                     6.3.8.1. Company Description
                     6.3.8.2. Business Overview
            6.3.9. Aerocom Specialty Fittings Inc.
                     6.3.9.1. Company Description
                     6.3.9.2. Business Overview
            6.3.10. Atlas Specialty Products 
                     6.3.10.1. Company Description
                     6.3.10.2. Business Overview
            6.3.11. Faber Enterprises 
                     6.3.11.1. Company Description
                     6.3.11.2. Business Overview
            6.3.12. Titeflex 
                     6.3.12.1. Company Description
                     6.3.12.2. Business Overview

7. Key Takeaways

List of Tables 

Table 1: North America Hydraulic Fluid Connector Market for Aerospace Application Size (US$ Mn) Forecast, by Product, 2015–2024
Table 2: North America Hydraulic Fluid Connector Market for Aerospace Application Size (US$ Mn) Forecast, by Country, 2015–2024

List of Figures

Figure 1: North America Hydraulic Fluid Connectors Market for Aerospace Application
Figure 2: World GDP Growth (Annual %), 2008–2018 
Figure 3: U.S. and Canada GDP (US$ Tn) and Annual Growth (%), 2008–2015 
Figure 4: Global Commercial Aircraft Fleet Size (Units), 2007–2014
Figure 5: U.S. and Canada Air Transport (Passenger Carried, Million) 2008–2015
Figure 6: North America Hydraulic Fluid Connector Market for Aerospace Application, Size (US$ Mn) Forecast, 2015–2024
Figure 7: North America Hydraulic Fluid Connector Market Attractiveness, by Country
Figure 8: North America Hydraulic Fluid Connector Market Value Share Analysis, by Product, 2015 and 2024
Figure 9: North America Hydraulic Fluid Connectors Market, by Mobile Hydraulic 2015-2024
Figure 10: North America Hydraulic Fluid Connectors Market, by Stationary Hydraulic 2015-2024
Figure 11: North America Hydraulic Fluid Connector Market Attractiveness Analysis, by Product
Figure 12: North America Market Value Share Analysis, by Country, 2015 and 2024
Figure 13: North America Hydraulic Fluid Connector Market Share Analysis By Company (2015) 

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