AXIAL PISTON MOTOR MARKET ANALYSIS
Regional Analysis of Axial Piston Motor Market
North America and Europe are the most dominant regions in the global axial piston motors market. The industrial up-gradation in the region such as automation of the oil and gas industries and ongoing research and development in order to develop better and more energy efficient motors is expected to fuel the growth of the market. In addition to this, the presence of a large number of motor manufacturers such as Danfoss, Parker Hannfin Corporation, and Eaton in the region is also expected to help in the growth of the market. Asia Pacific is expected to witness significant growth in axial piston motor market during the forecast period, owing to development in infrastructure and increasing construction activities. For instance, according to a report by India Brand Equity Foundation (IBEF), the Indian construction equipment industry's revenue is estimated to reach US$ 22.7 billion by 2020.
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