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The hydraulic equipment market size is forecast to increase by USD 19.95 billion, at a CAGR of 4.6% between 2024 and 2029.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market is characterized by its continuous evolution and dynamic nature, with various components and applications shaping its intricate landscape. Hydraulic circuit analysis plays a crucial role in optimizing system performance, while hydraulic fittings ensure reliable connections. Construction sites rely heavily on hydraulics for excavation and lifting tasks, and hydraulic actuation powers machinery in numerous sectors. Hydraulic hoses transmit fluid pressure, and automation integrates hydraulics with advanced control systems. Hydraulic system design and hydraulic control systems enable precise control and efficient operation. Electro-hydraulic systems merge electrical and hydraulic technologies, expanding application possibilities. Training programs cater to the workforce, ensuring safety standards are met.
Agricultural hydraulics power farm machinery, and hydraulic torque transmission is essential in various industries. Hydraulic manifolds distribute fluid pressure, and hydraulic motors convert hydraulic energy into mechanical motion. Research and innovation drive advancements, with applications ranging from aerospace to marine industries. Hydraulic components, power units, accumulators, and fluid play essential roles in these systems. Hydraulic certifications ensure safety and compliance, while high-pressure and low-pressure hydraulics cater to diverse requirements. Industrial hydraulics, proportional hydraulics, hydraulic efficiency, and mobile hydraulics are integral to numerous industries. Hydraulic assemblies, cylinders, and clamping systems complete the intricate web of hydraulic applications.
The hydraulic market remains a vibrant and ever-changing landscape, with ongoing developments and trends shaping its future.
The hydraulic equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The pump and motor segment is estimated to witness significant growth during the forecast period.
The market encompasses various components and applications, including hydraulic testing, flow rate, actuators, lifting, safety standards, maintenance, repair, pressure, filtration, servo hydraulics, valves, braking, circuit analysis, fittings, construction hydraulics, actuation, hose, automation, system design, control systems, electro-hydraulic systems, training, agricultural hydraulics, torque, manifolds, steering, motors, research, aerospace hydraulics, simulation, components, power units, accumulators, fluid, thrust, electro-hydrostatic drives, marine hydraulics, certifications, high-pressure hydraulics, clamping, and low-pressure hydraulics. Hydraulic pumps and motors, as essential parts of this market, convert mechanical energy into hydraulic or hydrostatic energy. These components are indispensable in construction, agriculture, oil and gas, and material handling machinery.
The escalating demand for such machinery significantly influences the demand for hydraulic pumps and motors, making it the largest segment in the market. Hydraulic pumps are classified into gear pumps, vane pumps, screw pumps, and piston pumps. The agricultural sector's adoption of advanced techniques like smart farming, intelligent pumps, and investments in these innovations propels the demand for pump and motor technology.
The Pump and motor segment was valued at USD 21.80 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 40% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market experiences steady growth due to the increasing industrialization and production of automobiles and industrial machinery. In the Asia Pacific region, expanding end-use industries, competitive manufacturing costs, and high economic growth fuel market growth in sectors like automotive, aerospace, marine, food and beverage, and construction. This trend encourages global market players to expand their businesses in APAC. The shipping industry's growth in China and South Korea is driving the demand for efficient and corrosion-resistant industrial machinery, further boosting the market. Hydraulic testing, flow rate, actuators, lifting, safety standards, maintenance, repair, pressure, filtration, servo systems, valves, braking, circuit analysis, fittings, actuation, hose, automation, system design, control systems, electro-hydraulic systems, training, agricultural applications, torque, manifolds, steering, motors, research, aerospace, simulation, components, power units, accumulators, fluid, thrust, electro-hydrostatic drives, marine applications, certifications, high-pressure, clamping, and low-pressure hydraulics are all integral parts of this dynamic market.
Industrial hydraulics, proportional systems, efficiency, mobile applications, assemblies, cylinders, innovations, and pumps are essential components that contribute to the market's evolution. The market's continuous development is driven by the increasing demand for advanced hydraulic systems in various industries, leading to the introduction of new technologies and improvements in existing ones.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The hydraulic equipment market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the hydraulic equipment market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, hydraulic equipment market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
2G Engineering - The company specializes in providing advanced hydraulic equipment solutions for subsea applications. One such offering is the Subsea Hydraulic Pressure Unit, an electrically driven, standalone hydraulic pump system. This unit generates fluid power subsea, featuring robust piston pumps capable of producing pressures up to 5000 PSI above ambient levels and flows up to 0.5 GPM. The pumps' design ensures optimal performance in challenging subsea environments, contributing to increased efficiency and reliability for clients in various industries.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Hydraulic Equipment Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
240 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.6% |
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Market growth 2025-2029 |
USD 19.95 billion |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
4.4 |
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Key countries |
US, China, Japan, Canada, India, South Korea, UK, Germany, Australia, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this hydraulic equipment market research report to meet your requirements.
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Application
10 Market Segmentation by End-user
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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