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Global and China Hydraulic Industry Market Status


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I. Current Situation of Development

Hydraulic transmission is one of the important forms of modern industrial transmission. It is marked by the birth of the world's first hydraulic press in 1795 and has a history of more than 200 years. With the rapid development of construction machinery, automobile, aerospace and other industries after World War II, the requirements of related products for transmission systems have been continuously improved. Hydraulic pressure has gradually replaced mechanical transmission as one of the most important energy transmission methods in modern industrial equipment, and has become a measure of mechanical equipment. One of the important signs of advanced degree. With the gradual maturity of product technology and production process, the application field of hydraulic products continues to expand, the global hydraulic industry has entered a relatively stable and mature stage of development, in 2021 the global hydraulic industry market size of 30.43 billion million euros, an increase of 9.03.

From the perspective of market distribution, the global hydraulic market is mainly occupied by Europe, the United States, China, and Japan. Although my country's hydraulic technology started late, the rapid development of the market has played an important role in promoting the global hydraulic industry. In 2020, my country has become The world's largest hydraulic market, and the Chinese market's share of the global market jumped from 26.93 in 2010 to 36.04.

From the perspective of the domestic market, China's hydraulic industry started late, in the 1950 s, it was mainly used in the machine tool and forging equipment industry. In the 1960 s, some hydraulic component production technologies were introduced from abroad, and hydraulic components were designed and developed by themselves. In the 1980 s, some advanced technologies and equipment were introduced from the United States, Japan and Germany, which greatly improved China's hydraulic technology. After more than 60 years of development, with the continuous improvement of my country's innovation capabilities, my country's hydraulic industry has formed an industrial system with a complete range of products, professional production strength and technical level. Since the 21st century, my country has gradually increased its attention to the development of the hydraulic industry. The hydraulic industry has entered a stage of rapid development, from 2010 to 2021, the compound growth rate of the market size of China's hydraulic industry reached 5.81, higher than the global level. Thanks to China's good control of the epidemic in recent years, as well as the demand for import substitution by host manufacturers, China's hydraulic parts industry market size to 10.65 billion euros in 2021, an increase of 5.86 percent year-on-year.

II. Market Competition Pattern

From the perspective of the global hydraulic industry, international companies with advanced hydraulic transmission technology are mainly distributed in the United States, Europe, Japan and other countries and regions with more developed machinery industries. Leading companies include Bosch Rexroth in Germany, Parker Hannifin in in the United States, Danfoss in Denmark and Kawasaki Heavy Industries in Japan. With the huge local market of traditional manufacturing power and the technology precipitation of the enterprise itself for nearly a hundred years, the above-mentioned enterprises almost monopolize the global high-end hydraulic parts market, the market share of the above four companies in 2020 is about 35%, and its market position is difficult to shake in the short term.

China's local hydraulic production enterprises have a large number, low market concentration characteristics, according to the relevant data, as of December 2020, the number of China's hydraulic parts production enterprises for 1,042, the hydraulic market size of 82.1 billion yuan, the total market share of the top three domestic hydraulic enterprises.
14.35, the top ten hydraulic enterprises market share of less than 20%. China's hydraulic parts and industry started late, and there is a gap between the technology and the world's advanced level. Taking product quality and R & D capabilities as evaluation indicators, domestic enterprises can be divided into obvious four-step teams. The fourth echelon is mainly small and medium-sized enterprises. The products are oriented to the low-end market, with large demand and low quality requirements, and fierce price competition. The third echelon is a large-scale domestic enterprise, the product quality meets the requirements of the low-end market, and has occupied a certain share, but there is a large technical gap with the first echelon. The second echelon has the ability of research and development technology, can establish its own competitive advantage in different segments of the hydraulic industry, and has a brand effect. The first echelon is the leading enterprise in the domestic hydraulic industry, with obvious technical advantages, which has gradually broken the monopoly of foreign enterprises on the high-end market.


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