| Status : Published | Published On : Feb, 2024 | Report Code : VRCH2091 | Industry : Chemicals & Materials | Available Format :
|
Page : 200 |
Global Hydraulic Pump Market – Analysis and Forecast (2025-2030)
Industry Insight by Type (Vane Pumps, Gear Pumps, Piston Pumps, and Others), by Application (Oil & Gas, Construction, Automotive, Chemical & Petrochemical, Water & Wastewater, Power Generation, Food & Beverages, Industrial, Agriculture & Fertilizer, and Others), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)
Industry Overview
The Global Hydraulic Pump Market size is estimated to grow from USD 11.85 billion in 2023 to USD 15.72 billion in 2030. It will register a CAGR of 4.3% during the forecast period.
Hydraulic pumps supply the necessary power automatically to change mechanical energy into hydrostatic or hydraulic pressure. This creates a force and is impacted by the load at the channel within the pump. This, in turn, produces the energy for the movement by creating a vacuum at the entry point which pulls the fluid in and moves it through the line.
Hydraulic pumps are widely used across several industries such as the automotive, chemical, construction, oil, and gas sectors. Also, rapid urbanization and an increase in the world population have created a surge in construction activities all over the world. This has a significant impact on the growth of the hydraulic pump market.
Moreover, stricter environmental regulations must be followed for such constructions and the hydraulic pumps are just perfect for it due to their lower emission, accurate control, and automation than the traditional electric pumps. These pumps can also be integrated seamlessly into Internet of Things (IoT) technologies to help in real-time data analysis and monitoring.
All these promise significant growth in the market during the forecast period.
.JPG "Hydraulic Pump Market Highlights")
Market Segmentation
Insight by Type
Based on types of the hydraulic pumps, the global hydraulics market can be divided into several major and smaller subheads, such as vane pumps, piston pumps (lift pumps, force pumps, axial pumps, and radial piston pumps), and gear pumps (external and internal gear pumps). Among these, the gear pumps segment dominates the market due to growing adoption across several industries and its wider applicability. The simple design, convenient usage, adaptability, versatility, and lower cost are some other factors propelling its growth.
Insight by Application
Based on Application, the market can be divided into automotive, construction, oil, gas, chemical, water, petrochemical, wastewater, power, agriculture, industrial, fertilizer, food, and beverages segments. Out of these, the construction segment dominates the market due to higher adoption in specific use cases, such as excavation, earthmoving, material handling, and lifting
Global Hydraulic Pump Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025 - 2030 |
|
Market Size in 2023 |
U.S.D. 11.85 Billion |
|
Revenue Forecast in 2030 |
U.S.D. 15.72 Billion |
|
Growth Rate |
4.3% |
|
Segments Covered in the Report |
By Type, By Application |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Asia Pacific, Europe and Rest of the World) |
Industry Dynamics
Growth Drivers
The market is expected to grow at a rapid rate within the forecast period due to extensive urbanization initiatives taken by governments all over the world, especially in developing countries like India and China. The manufacturers of emerging economies are now investing more in machine tools for higher production and process improvements. This has resulted in a significant rise in demand for these pumps in the mining, automobile, construction, and crude oil drilling industries. These industries today rely heavily on sustainable equipment and these pumps provide them with the best of both worlds. Also, governments all over the world are now more concerned about environmental impacts and have imposed stricter regulations on carbon emissions which makes the use of these pumps indispensable. The increased awareness among people for the conservation of energy will also propel the growth of the hydraulic pump market as they save a lot of energy during operation and therefore allow users to consume less energy and save money.
Restraints
The availability of alternative technologies like piston pumps and the rise in their usage will limit the growth of the hydraulic pump market, just as the higher maintenance costs and lower salvage value. However, these are short-lived and the government and major players of this industry are making efforts to mitigate these issues and facilitate the growth of the hydraulic pump market.
Opportunities
However, during the forecast period, there will be a lot of technological development that will offer varied opportunities to manufacturers to find cost-saving designs and alternatives, such as robotic hydraulic actuators and electro-hydraulics machines. Better tools and equipment will simplify processes and accessibility in the mining sector. There will also be a significant increase in investment in the infrastructure of the water and wastewater treatment sector and higher adoption by the end-use industries of fire-resistant hydraulic fluids.
Geographic Overview
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
The Asia-Pacific countries will contribute more to this market due to diverse manufacturing conveniences for material handling and construction equipment. Higher dependence on agriculture of the rising population in these countries is also a factor. The need for the conservation of water resources, rapid urbanization, and energy saving also play a major role.
North America is also expected to grow significantly during this period due to increased investments in the mining and construction sectors, and greater production of shale gas.
Competitive Insight
The presence of a substantial number of regional and international manufacturers globally contributes to the competitiveness and diversity of the global hydraulic pump industry. To expand their services and customer base, several manufacturers are steadily working to increase the effectiveness of hydraulic pumps. Additionally, these key players are continuously working to strengthen their position in the market through mergers, acquisitions, product development, partnerships, agreements, and growth projects.
Key Players Covered in the Report
Some of the major players in the global hydraulic pumps market include Bosch Rexroth AG, Bucher Industries AG, Danfoss AS, Enerpac Tool Group, Bailey International, Dynamatic Technologies Limited, Eaton, Linde Hydraulics GmbH & Co. KG., PARKER HANNIFIN CORP, and Shibaura Machine CO., LTD.
Key Developments by the Key Players
Querétaro, Mexico is the new plant inuagurated by by Bosch Rexroth to increase the manufacturing capacity for mobile hydraulics and factory automation in North America which shall also shorten delivery routes for customers in the region. The new facility shall create about 900 jobs as it shall manufacture motors, hydraulic pumps and valves for forklifts, tractors and excavators.
The latest H1 series of pumps and motors is been introduced by Danfoss Power Solutions. The new motor is designed for both open- and closed-circuit applications in construction, forestry, machines and agricultural. It is suited for feeder drives, drill drives, fan drives, winches and vibration functions.
The Hydraulic Pump Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Type
- Vane Pumps
- Gear Pumps
- External Gear Pump
- Internal Gear Pump
- Piston Pumps
- Lift Pump
- Force Pump
- Axial Pump
- Radial-Piston Pump
- Others
- By Application
- Oil & Gas
- Construction
- Automotive
- Chemical & Petrochemical
- Water & Wastewater
- Power Generation
- Food & Beverages
- Industrial
- Agriculture & Fertilizer
- Others
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
.png "Hydraulic Pump Market Size and Market Analysis")
To explore more about this report - Request a free sample copy
Frequently Asked Questions
Place an order
Latest Report
Research Methodology
- Desk Research / Pilot Interviews
- Build Market Size Model
- Research and Analysis
- Final Deliverabvle
CONNECT WITH OUR SALES TEAM
- Toll-Free: 1 888 253 3960
- Phone: +91 9960 288 381
- Email: enquiry@vynzresearch.com
Hydraulic Pump Market