Global and China Hydraulic Market Report 2021
/PRNewswire/ -- The "Global and China Hydraulic Industry Report, 2021-2026" report has been added to ResearchAndMarkets.com's offering. In 2020, the global...
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/PRNewswire/ -- The "Global and China Hydraulic Industry Report, 2021-2026" report has been added to ResearchAndMarkets.com's offering. In 2020, the global...
Share this article Share this article ResearchAndMarkets.com's offering. Affected by the COVID-19 pandemic, the global hydraulic market size is expected to decline to roughly EUR27.5 billion in 2020. However, the market size will recover to EUR32.3 billion by 2026 after the pandemic ends. The growth of the construction machinery industry has triggered higher demand for the hydraulic industry. In 2019, the global hydraulic market size was estimated at approximately EUR30.2 billion, marking a relatively mature stage with stable growth. China's hydraulic industry started in the 1950s. After de...