CurAegis Technologies Inc (fka CRGS)

[4toSchool]

Dino, just guessing, but I agree with you

(2022) Hydraulic Pumps Market: Global Industry Share, Market Trends and Forecast, Credence Research

The global hydraulic pumps market is highly matured and concentrated. The top four hydraulic pumps manufacturers accounted for over 45% of the global market revenue in 2015. Parker Hannifin Corporation (the U.S.), Eaton Corporation (the U.K.), and Danfoss Power Solutions (the U.S.), and Bosch Rexroth Ltd. (Germany) are identified as the leading hydraulic pumps manufacturers. Other manufacturers including Actutant Corporation (the U.S.), Bailey International LLC (the U.S.), Hydac International (Germany), Linde Hydraulics GmbH & Co. KG (Germany), Dynamatic Technologies Ltd. (India), Kawasaki Precision Machinery (Japan), and Toshiba Machine Co. Ltd. (Japan) have been marked as promising and emerging players in the hydraulic pumps market. The market for hydraulic pumps is highly matured and has been plagued by lack of product innovation. This has resulted in price wars among manufacturers leading to profit crunching. Thus, lack of product innovation is identified as one of the biggest challenges to the growth of hydraulic pumps market. Focus on product enhancement is the key strategy for manufacturers.

Key Trends:

Flourishing construction industry post economic recession
Industrial Automation and Agricultural Mechanization
Regulations and legislation promoting reduction of carbon-dioxide emissions and energy savings
Demand for piston and gear pumps
Growing demand for renewable energy production