Company profile

Future of Parker-Hannifin

#
Rank
168
| Quantumrun Global 1000

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:
Sector:
Industry:
Industrial Machinery
Founded:
1918
Global employee count:
56690
Domestic employee count:
27460
Number of domestic locations:

Financial Health

Revenue:
$11360753000 USD
3y average revenue:
$12429489333 USD
Operating expenses:
$1359000000 USD
3y average expenses:
$1512666667 USD
Funds in reserve:
$1221653000 USD
Market country
Revenue from country
0.63

Asset Performance

  1. Product/Service/Dept. name
    Diversified industrial
    Product/Service revenue
    8744000000
  2. Product/Service/Dept. name
    Aerospace systems
    Product/Service revenue
    2260000000

Innovation assets and Pipeline

Investment into R&D:
$359800000 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.

COMPANY’S FUTURE PROSPECTS

Company Headlines