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Industrial hydraulics are heavily used in construction and manufacturing, enabling massive cranes, excavators, precision machines and automated systems to function with often just one operator. As a result of this, the health of the industrial hydraulic industry is closely tied to the health of these other industries.
Industry overview
Used in hundreds of different sectors, industrial hydraulics enable work to be accomplished at an exponential rate. Widespread use resulted in the industrial hydraulics industry commanding nearly $24 billion of the U.S. economy.
The recent reshoring movement that revitalized American manufacturing also graced this sector. As manufacturers shifted strategies to avoid the tariffs imposed on imported Chinese goods, industrial hydraulics companies took ...(Full Article)
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