Hydraulic Industry Market Status Analysis Analysis of The Development Trend of The Industry

Global hydraulic market demand shows a spiral increasing trend, our country hydraulic industry develops quickly: Developed countries 95% of engineering machinery, 90% of CNC machining center and more than 95% of automatic line have used the hydraulic drive technology. In 2019, the global hydraulic industry sales scale is about 31.6 billion euros. During 2010-2019, the global hydraulic market showed a "spiraling" trend, with the average annual compound growth rate of the market size reaching 13.06%, 8.07% and 6.02% during 2010-2012, 2013-2015 and 2016-2018, respectively.

     According to the research report "2022-2027 China hydraulic tool industry market comprehensive analysis and development trend research report.Our hydraulic industry started relatively late, since the reform and opening up, with the development of national economy and the support of national industrial policies, our hydraulic industry has made rapid development and considerable progress. The market demand is booming and the industrial scale is constantly expanding. In 2019, China has become the world's second largest hydraulic market.

      From the perspective of regional proportion of hydraulic market, hydraulic market scale is highly positively correlated with national economic aggregate and industrialization level. In 2019, the sales scale of hydraulic products in the United States, China, Germany and Japan accounted for 38.01%, 30.17%, 9.28% and 6.70%, respectively, occupying a major position in the world.Main listed companies in hydraulic industry: Hengli Hydraulic (45.280, 0.36, 0.80%)(601100); Addie Precision (14.290, -0.20, -1.38%)(603638);   Avic Heavy Machine (29.960, -0.98, -3.17%)(600765); Forging intelligence (7.430, -0.13, -1.72%)(603011); Shaoyang Hydraulic (18.610, -0.44, -2.31%) (301079), etc.

     According to the data disclosed by the General Administration of Customs, the total import and export volume of Chinese hydraulic industry shows an overall rising trend from 2019 to 2021. In 2021, the total import and export volume of Chinese hydraulics is 4.47 billion US dollars, with a year-on-year growth of 18.13%. From January to July 2022, the total import and export volume of Chinese hydraulic was 2.464 billion US dollars.

According to the data disclosed by the General Administration of Customs, the amount of Chinese hydraulic industry imports from 2019 to 2021 shows an overall rising trend. In 2021, the import amount of Chinese hydraulic industry is 2.808 billion dollars, with a year-on-year growth of 5.9%. From January to July 2022, the amount of hydraulic industry imports is $1.350 billion.

According to the data disclosed by the General Administration of Customs, from the export amount of Chinese hydraulic industry, along with the increase of the export volume of Chinese hydraulic industry, the overall export amount of Chinese hydraulic industry presents an upward trend in 2019-2021. Due to the impact of the novel coronavirus epidemic in 2020, the export amount decreases slightly, and rises significantly after 2021. Exports in 2021 amounted to $1.662 billion, up 46.7% year on year. From January to July 2022, the hydraulic industry exported $1.114 billion, and it is preliminarily expected that the export amount will hit a new high in 2022.‍

Hydraulic industry development trend analysis‍

     Along with the rapid development of our country manufacturing industry, more and more high machining precision is required to the parts, some complex shapes and high precision forgings, especially some machine tools are difficult to process or higher cost forgings, we must directly carry out accurate forging under the premise of not processing. And large hydraulic press is able to play an important role in the process of product processing equipment. Our hydraulic machinery industry, in the global trade occupy a considerable market share, and also increase year by year.

     Global hydraulic tools market sales reached $1.8 billion in 2021 and are expected to reach $2.9 billion in 2028, growing at a compound annual growth rate (CAGR) of 6.8%(2022-2028).