The development of China's hydraulic market in 2022

In April 2015, China's hydraulic industry has developed rapidly in recent years. In the past five years, the compound growth rate of the hydraulic parts market was 16.39%, accounting for about 20% of the world market, only behind the United States. Based on calculations based on the 2010 domestic market sales of 51.318 billion yuan, the sales of hydraulic parts in 2015 will exceed 100 billion yuan.