Market Challenges And Opportunities

Market Restraints

Leakages associated with the hydraulic fluid connectors
- The presence of dirt, flaws, and other foreign particles in the hydraulic fluid connectors is expected to restrict its adoption. This system is highly susceptible to contamination due to leakage, hence inhibiting market growth.
Corrosive nature of the hydraulic fluids system
- The corrosive nature of the hydraulic fluids system is expected to curb market growth. Moreover, this system requires periodic maintenance and checks to avoid leaks from the system which is further expected to hinder the market growth.

Market Opportunities

Eco-friendly fluids

Increasing use of bio-based fluids for fluid connectors is expected to provide potential market opportunities in the near future. Bio-based hydraulic oil is rapidly gaining demand in these systems due to its eco-friendly nature. These fluids are non-toxic in nature and are available as mineral and vegetable-based. Mineral-based fluids are composed of 30% biodegradable whereas vegetable-based fluids are 98% biodegradable. Also, bio-based fluids offer strong lubricants that help in the protection of pumps from wearing out and failure.

Demand in all equipment

Growing demand for airport material handling equipment and ground support equipment, such as de-icing machines, loaders, fueling vehicles, mobile lifts, and other movable machines is providing enormous opportunities for the market. Moreover, increasing investment in the oil &gas industry in the North America region is further expected to create demand for hydraulic systems, thereby augmenting the market growth over the forecast period.

North America Hydraulic Fluid Connectors Market Report Snapshots