3 Reasons the Hydraulic Industry Will Trend Upward through 2020
“Global Hydraulic Cylinder Market 2016–2020” from Research and Markets
Hydraulic industry news predicts growth over the next few years. According to a report from Research and Markets, the global hydraulic cylinder market is expected to grow at a 4.39% CAGR (compound annual growth rate) between 2016 and 2020. This positive outlook is based on market analysis and expert input on three main factors: demand, popularity, and population.
Global Hydraulic Cylinder Market 2016-2020: the full report from Research and Markets, released in December 2016
#1: Continuous Demand for Hydraulic Cylinders
Demand for hydraulics is steadily growing across many industries, including:
- Agriculture
- Construction
- Mining
- Material-handling
- Industrial equipment
- Aerospace
- Defense sectors
#2: Popularity of Hydraulic System Kits
By focusing on kits in which all the hydraulic system components (cylinder, valve, and pump) are available as a single unit, many vendors have improved their client relations and profitability!
#3: Growing Population Requires Growing Agricultural Industry
By 2050, the world’s population is predicted to grow to nine billion. The agriculture industry will grow accordingly as demand for food and fiber rises and more mechanized processes are used.
As the Industry Grows and Changes, AIA Offers Flexible Service
American Iron supplies high-quality metal products for customers across the hydraulics industry. As the industry grows and your needs increase, we will match the trend, so you never have to slow down. With competitive prices and a focus on providing flexible service, AIA is committed to being the best metal stock supplier nationwide.
Our extensive in-house CNC machining capabilities and cost-effective metal products make AIA a worldwide leader in the hydraulic industry. From Versa-Bar continuous cast iron and bronze bar and tubing to custom precision CNC machining and specialty castings, you can find everything you need to keep up with the growing industry here at AIA.