Global Hydraulic Equipment Market 2012-2016 New Report
Analysts forecast the Global Hydraulic Equipment market to grow at a CAGR of 4.50 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for material handling and mining equipment. The Global Hydraulic Equipment market has also been witnessing the increasing outsourcing of manufacturing activities. However, the steady transition to pneumatic equipment from hydraulic equipment could pose a challenge to the growth of this market.