Future of Parker-Hannifin | Quantumrun

Future of Parker-Hannifin

Parker Hannifin Corporation is a US based company providing services in motion control technologies. The company was established
originally as Parker Appliance Company in 1917. Commonly known as Parker, Parker Hannifin is one of the largest motion and control
technologies providers in the world. Its main services include aerospace, electromechanical, climate control, pneumatics, hydraulics, fluid
and gas handling, filtration, sealing and shielding, and process control. The company headquarters are located in Mayfield Heights, Ohio, in
Greater Cleveland.

Home Country: 
United States
Industry: 
Industrial Machinery
Industry vulnerability to disruption: 

<p>Belonging to the industrials sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:</p>

<p>*First off, advances in nanotech and material sciences will result in a range of materials that are stronger, lighter, heat and impact resistant, shapeshifting, among other exotic properties. These new materials will enable significantly novel design and engineering possibilities that will impact the manufacture of a vast swath of current and future products.<br />
*The shrinking cost and increasing functionality of advanced manufacturing robotics will lead to further automation of factory assembly lines, thereby improving manufacturing quality and costs.<br />
*3D printing (additive manufacturing) will increasingly work in tandem with future automated manufacturing plants drive down the costs of production even further by the early 2030s.<br />
*As augmented reality headsets become popularized by the late 2020s, consumers will begin replacing select types of physical goods with cheap-to-free digital goods, thereby reducing general consumption levels and revenue, per consumer.<br />
*Among millennials and Gen Zs, the growing cultural trend towards less consumerism, towards investing money into experiences over physical goods, will also lead to a minor reduction in general consumption levels and revenue, per consumer. However, a growing global population and the increasingly wealthy African and Asian nations will make up for this revenue shortfall.</p>

Total patents held: 
974
Number of patents field last year: 
2
Ranking List: 
168
Ranking List: 
Quantumrun Global 1000
113
Ranking List: 
Quantumrun US 500
Ranking List: 
Quantumrun Silicon Valley 100
Market Revenue Country: 
Market country 
United States
Revenue from country 
0.63
Prod/Serv name revenue: 
Prod/Serv name: 
Diversified industrial
Prod/Serv revenue: 
8744000000
Prod/Serv name: 
Aerospace systems
Prod/Serv revenue: 
2260000000
Founded: 
1918
Company Name: 
Parker-Hannifin
Sector: 
Revenue: 
11360753000
3y average revenue: 
12429489333
Operating expenses: 
1359000000
3y average expenses: 
1512666667
Company profile data note: 
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.
Global employee count: 
56690
Domestic employee count: 
27460
Funds in reserve: 
1221653000
Investment into R&D: 
359800000
create term: 
#168 | Quantumrun Global 1000
#113 | Quantumrun US 500

Parker Hannifin Corporation is a US based company providing services in motion control technologies. The company was established
originally as Parker Appliance Company in 1917. Commonly known as Parker, Parker Hannifin is one of the largest motion and control
technologies providers in the world. Its main services include aerospace, electromechanical, climate control, pneumatics, hydraulics, fluid
and gas handling, filtration, sealing and shielding, and process control. The company headquarters are located in Mayfield Heights, Ohio, in
Greater Cleveland.

Home country:
United States
Sector:
Industrials
Industry:
Industrial Machinery
Website:
Founded:
1918
Global employee count:
56,690
Domestic employee count:
27,460

Financial Health

Revenue
$11,360,753,000 USD
3y average revenue
$12,429,489,333 USD
Operating expenses
$1,359,000,000 USD
3y average expenses
$1,512,666,667 USD
Funds in reserve
$1,221,653,000 USD
#1 Market country
United States
% of revenue from country #1
0.63%

Asset Performance

#1 Product/Service/Dept. name
Diversified industrial
#1 Product/Service revenue
$8,744,000,000 USD
#2 Product/Service/Dept. name
Aerospace systems
#2 Product/Service revenue
$2,260,000,000 USD

Innovation assets and Pipeline

Investment into R&D
$359,800,000 USD
Total patents held
974
Number of patents field last year
2
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.

Disruption Vulnerability

Belonging to the industrials sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, advances in nanotech and material sciences will result in a range of materials that are stronger, lighter, heat and impact resistant, shapeshifting, among other exotic properties. These new materials will enable significantly novel design and engineering possibilities that will impact the manufacture of a vast swath of current and future products.

*The shrinking cost and increasing functionality of advanced manufacturing robotics will lead to further automation of factory assembly lines, thereby improving manufacturing quality and costs.

*3D printing (additive manufacturing) will increasingly work in tandem with future automated manufacturing plants drive down the costs of production even further by the early 2030s.

*As augmented reality headsets become popularized by the late 2020s, consumers will begin replacing select types of physical goods with cheap-to-free digital goods, thereby reducing general consumption levels and revenue, per consumer.

*Among millennials and Gen Zs, the growing cultural trend towards less consumerism, towards investing money into experiences over physical goods, will also lead to a minor reduction in general consumption levels and revenue, per consumer. However, a growing global population and the increasingly wealthy African and Asian nations will make up for this revenue shortfall.