Hydraulic Expanding Mandrels Market Size, Share, Growth, and Industry Growth by Type (Flange Type and Straight Type) By Application (Cutting Tool, Abrasive Tool and Others), Regional Forecast To 2033

• 

   Request a Free Sample To Get More Information on this Market

HYDRAULIC EXPANDING MANDRELS MARKET REPORT OVERVIEW

Global hydraulic expanding mandrels market size was valued at approximately USD 1.28 Billion in 2024 and market is projected to touch 2.25 Billion by 2033, exhibiting a CAGR of 6.5% during the forecast period.

Hydraulic expanding mandrels seamless steel pipes are produced using mandrels as a tool. Modern technology is used in this seamless steel pipe fabrication. Due to the manufacturing method of rolling, the mandrel must withstand significant stretching and thermal fatigue brought on by high temperatures in order to provide certain characteristics, such as mechanical properties, chemical composition, grain size, non-metallic inclusions, microstructure, dimensional accuracy, ultrasonic testing, roughness, and others. hydraulic expanding mandrels provided by Mandrel Manufacturers are used by the majority of steel industry. During the projection period, it is anticipated that the rise of the steel industries will also increase demand for mandrel bars. Additionally, the mandrel is utilized in a number of end-user industries, including the energy and power sector, the oil and gas sector.

COVID-19 IMPACT

"Stringent Regulations and Government Rules to Hinder the Market Growth"

The worldwide economy and all global industries have been greatly impacted by COVID-19. The pandemic epidemic had an impact on the development of the hydraulics industry. The epidemic has caused the companies' business operations to be disrupted, which has an impact on the entire hydraulic industry. The companies' financial positions have been negatively impacted by this. In addition, a number of businesses have experienced revenue losses as a result of the worldwide supply chain disruptions. The hydraulic expanding mandrelsmarket has, nevertheless, experienced a substantial comeback since the pandemic. Since many of the projects that were put on hold as a result of the epidemic have been restarted, there is a growing need for hydraulic expanding mandrels.

LATEST TRENDS

"Increasing Need for Material Handling Equipment is Fueling Market Growth "

Companies are finding it reasonable to invest in automated solutions due to the rise in labour prices. The market for hydraulic expanding mandrels is anticipated to be driven by the rising need for automated solutions across a number of industries, including mining, metal, construction, and automotive. The function, controllability, power, and safety of material handling equipment are all being improved through the use of hydraulics. As a result, the market for hydraulic expanding mandrels is being driven by the rising need for material handling equipment.

HYDRAULIC EXPANDING MANDRELS MARKET SEGMENTATION

By Type Analysis

By type, the hydraulic expanding mandrels market is segmented into flange type and Straight Type.

The flange type segment will dominate the market in the coming years.

By Application Analysis

Based on applications, the hydraulic expanding mandrels market is cutting tool, abrasive tool, and others.

The cutting tool segment will lead the global share through 2033.

DRIVING FACTORS

"Demand for Energy-Efficient Hydraulic Equipment Growing Market Demand "

The biggest problem is that hydraulic equipment uses a lot of energy, which raises the price of purchasing and maintaining industrial buildings and equipment overall. Energy costs rise as a result of hydraulic equipment's high operating requirements at high pressure. To cut down on additional costs, energy-efficient hydraulic equipment is used. Additionally, hydraulic technology has improved in effectiveness as a result of several recent innovations. For example, variable speed pump drives in plastics processing equipment lower pressure holding losses during pauses and partial load operation. Utilizing variable pump and valve systems that enable electronic flow matching, loss reduction is accomplished in a manner similar to this.

"Innovations in hydraulic expanding mandrels R&D and technology are ongoing to Drive Market Growth"

Increased investment in the research and development (R&D) of hydraulic expanding mandrels to produce enhanced variations that meet market demands is one of the primary strategies used by industry players. Manufacturers like Parker-Hannifin Corporation, KYB Corporation, and Danfoss have been spending a lot of money on research and development to make their hydraulic expanding mandrels better. As an illustration, KYB Corporation created hydraulic cylinders with strengthened chromium plating to offer higher wear resistance.

RESTRAINING FACTORS

"Increased Concerns About Delivery and Price will Hinder Market Growth"

It should be noted that hydraulic expanding mandrels cost more than other types of equipment, which could slow the global hydraulic expanding mandrels industry's rate of expansion. The important sectoral restraint that has caused tariff increases. The hydraulic expanding mandrels business is likewise being badly impacted by the trade conflict. The delivery period for hydraulic expanding mandrels must be extended.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

HYDRAULIC EXPANDING MANDRELS MARKET REGIONAL INSIGHTS

"Asia Pacific to Hold the Largest Global Hydraulic Expanding Mandrels Market Share in Some Regions "

The market for hydraulic expanding mandrels is booming in the Asia Pacific due to the region's increasing urbanization and industrialization, which has increased the potential of sectors including construction, agriculture, and mining. Numerous significant OEMs (Original Equipment Manufacturers) in the area are having difficulties as a result of growing labor costs and longer lead times brought on by the use of manual methods. The market for hydraulic expanding mandrels in the area is rising as a result of the rise in demand for material handling equipment. The market for hydraulic expanding mandrels is expanding as a result of the rising demand for mining, construction, and agricultural equipment in this area.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Top Hydraulic Expanding Mandrels Companies

• Positrol(U.S.)
• Shree Precision(India)
• SMW Autoblok (Germany)
• Rotary Engineering Corporation (India)
• Drewco Corporation (U.S.)
• Industrial Tools Corporation (India)
• MYTEC (Bangladesh)
• Konigdorn (UK.)
• Rototrans d.o.o. (India)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services, or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes several other factors that have contributed to recent hydraulic expanding mandrels market growth in some regions.