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Global hydraulic component market [2018-2026] by South America

By South America, the market is segmented into South America, Argentina, Brazil, and Rest of South America (2018-2026)

Author: Wantstats Research TeamSource: Wantstats Repository
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Global hydraulic component market [2018-2026] by South America — full underlying data
LabelSouth AmericaArgentinaBrazilRest of South America
20183485.457848 USD Mn423.4839663 USD Mn2317.464318 USD Mn744.5095634 USD Mn
20193604.224 USD Mn436.111104 USD Mn2398.971494 USD Mn769.1414016 USD Mn
20203728.667473 USD Mn449.3112138 USD Mn2484.420491 USD Mn794.9357683 USD Mn
20213865.630708 USD Mn463.8976787 USD Mn2578.386392 USD Mn823.3466374 USD Mn
20224015.418519 USD Mn479.8891021 USD Mn2681.098134 USD Mn854.4312825 USD Mn
20234174.642108 USD Mn496.8640243 USD Mn2790.316543 USD Mn887.4615407 USD Mn
20244359.323688 USD Mn516.7085571 USD Mn2916.780592 USD Mn925.8345395 USD Mn
20254552.87766 USD Mn537.4285703 USD Mn3049.433331 USD Mn966.0157585 USD Mn
20264755.758891 USD Mn559.0656785 USD Mn3188.596895 USD Mn1008.096317 USD Mn

Data Source: Wantstats Repository

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Market Dynamics

Brazil accounted for the largest market share in 2019 in the South America hydraulic component market, and is expected to reach USD 3188.60 Million in 2026 from USD 2398.97 Million in 2019.This market is projected to grow at a CAGR of 4.25% during the forecast period from 2020 - 2026. construction segment accounted for the largest market share in 2019, this market is expected to reach USD 1360.70 Million in 2026 from USD 994.80 Million in 2019. This market is projected to grow at a CAGR of 4.67% during the forecast period from 2020 - 2026. cylinder segment accounted for the largest market share in 2019, this market is expected to reach USD 1500.50 Million in 2026 from USD 1118.80 Million in 2019. This market is projected to grow at a CAGR of 4.38% during the forecast period from 2020 - 2026. mobile segment accounted for the larger market share in 2019, this market is expected to reach USD 2700.50 Million in 2026 from USD 2086.50 Million in 2019. This market is projected to grow at a CAGR of 3.85% during the forecast period from 2020 - 2026. However, industrial segment is the fastest growing market, which is expected to grow at a CAGR of 4.52% during the forecast period 2020 - 2026.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.

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