The production version of the 'UrbanRebel Concept' by the Seat brand Cupra, planned for 2025, is to cost around 25,000 euros, which is around 5,000 euros more expensive than the VW offshoot of the planned electric small car family. With the 'UrbanRebel Concept', Cupra had shown its own idea of a
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Construction Machinery is estimated as the largest end-use industry for Hydraulic Components globally, with a US$16.3 billion market in 2019.
The COVID-19 crisis that has the world in its grips has taken a toll of the hydraulic components industry, too, although not to the devastating extent to which other sectors have been affected. Marginal declines are likely to be witnessed across the board over 2019-2020 and some semblance of growth can be expected only towards mid-2022.
However, this positive outlook depends on how the pandemic situation pans out over the coming months and how economies react to developments. Ill-thought out lockdowns being imposed by governments based on the ground situation that varies from region to region have their own negative impact on industrial activity, to which the hydraulic components sector is also susceptible.