Global Mobile Hydraulic Equipment Market Forecasted to Grow Through 2020

Global Mobile Hydraulic Equipment Market Forecasted to Grow Through 2020

It is important to stay up to date with current events and trends in your industry. Just as police officers need to be aware up changing statutes and teachers need to keep up to date with current curriculums, those in the hydraulic industry need to be kept current as well.

From best in practice hydraulic equipment maintenance techniques to changing technology, it is a good idea to be in the loop. One technological advance could send the entire industry into an uproar, especially if it makes your hydraulic equipment much more efficient or reduces maintenance costs.

Bernell Hydraulics has been in the hydraulic industry for over 40 years and we know how important it is to keep our customers informed. This doesn’t just apply to Bernell Hydraulics products and services, but also the entire hydraulic equipment industry as a whole. There are always changing and evolving equipment and practices, and Bernell Hydraulics tries to keep an eye on all of it so that we can pass that information along.

So, what’s in the news this month that is worth sharing…

How about the fact that the global mobile hydraulic equipment market is expected to grow through 2020. That’s great news for our customers, because more market growth, means more money invested into research and development projects. The fruits of that labor could yield great results when it comes to technological advances and efficient hydraulic machinery.

Through the year 2020, the global mobile hydraulic equipment market is expected to see a 3% compound annual growth rate. You may think that the mobile hydraulic equipment market is only a small part of the entire industry, but you would be wrong. That segment makes up more than 60% of the entire hydraulics market revenue, which is a very significant portion.

A large portion of this growth is due to the notion of integrating electronics and hydraulic components in order to obtain more accuracy and control over hydraulic equipment operation. With smart systems on the rise, expect to see more of these emerging technologies coming into the market.

It is also important to remember that…

No matter where the market goes, Bernell Hydraulics will go with it.

Bernell Hydraulics has been in the industry since 1977. We have seen technologies come and go, and markets shift with the economy. One thing that remained constant was our unwavering commitment to our customers. We are dedicated to providing you with the finest quality hydraulic components for your systems. We keep a close eye on the market, and will have the hydraulic parts that you want. With four convenient locations in the Southern California area, rest assured that we will have what you want, when you want it.