Dublin, February 1, 2021 (Global News)-ResearchAndMarkets.com has added the “Hydraulic Components-Global Market Overview” report.
It is estimated that construction machinery is the world’s largest hydraulic component end-use industry, with a market size of 16.3 billion US dollars in 2019. Although the world is under control, the COVID-19 crisis has also had a huge impact on the hydraulic component industry. Will not affect the catastrophe of other departments. There may be a marginal decline between 2019 and 2020, and some growth is expected to occur only before mid-2022. However, this positive outlook depends on how the epidemic will spread in the coming months and how the economy will respond to development. The government implemented well-considered lock-in measures based on the actual conditions in different regions, which will have a negative impact on industrial activities, and the hydraulic component industry is also vulnerable. In the current pandemic period, the overall global market is expected to reach 60 billion US dollars by 2020, a year-on-year increase of only 1% compared with 2019. Research results and coverage
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Post time: Feb-01-2021