Image

Global Hydraulics Market – Industry Trends and Forecast to 2031

Semiconductors and Electronics

Image

Global Hydraulics Market – Industry Trends and Forecast to 2031

  • Semiconductors and Electronics
  • Upcoming Report
  • May 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Hydraulics Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 42.64 Billion
Diagram Market Size (Forecast Year) USD 51.12 Billion
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

Global Hydraulics Market, By Component (Hydraulic Pumps, Hydraulic Motors, Hydraulic Cylinders, Hydraulic Valves, Hydraulic Filters, and Others), Application (Construction, Agriculture, Automotive, Oil & Gas, Aerospace, Marine, and Others), End-User (OEMs and Aftermarket) Industry Trends and Forecast to 2031.

Hydraulics Market

Hydraulics Market Analysis and Size

The market encompasses various industries' production, distribution, and utilization of hydraulic systems and components. Hydraulics are crucial in powering machinery and equipment, offering high force density, precise control, and reliable operation.

Data Bridge Market Research analyses that the global hydraulics market which was USD 42.64 billion in 2023, would rocket up to USD 51.12 billion by 2031, and is expected to undergo a CAGR of 3.4% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2031

Base Year

2023

Historic Years

2022 (Customizable from 2016 to 2021

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Component (Hydraulic Pumps, Hydraulic Motors, Hydraulic Cylinders, Hydraulic Valves, Hydraulic Filters, Others), By Application (Construction, Agriculture, Automotive, Oil & Gas, Aerospace, Marine, and Others), End-User (OEMs and Aftermarket)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of the Middle East and Africa

Market Players Covered

Bosch Rexroth AG (Germany), Eaton Corporation plc (Ireland), Parker Hannifin Corporation (United States), Danfoss Group (Denmark), Kawasaki Heavy Industries, Ltd. (Japan), Hydac Technology GmbH (Germany), Wipro Enterprises (P) Ltd. (India), Eaton Hydraulics Group (United States), Yuken Kogyo Co., Ltd. (Japan), and Daikin Industries, Ltd. (Japan).

Market Opportunities

  • Expansion of the construction and infrastructure sectors globally
  • Increasing automation in industries such as manufacturing, agriculture, and mining
  • Rising demand for energy-efficient hydraulic systems in various applications

Market Definition

The market encompasses the manufacturing, distribution, and utilization of hydraulic systems and components, encompassing various products such as pumps, motors, cylinders, valves, and filters. These components play a vital role in transmitting power through pressurized fluid, typically oil or water, to generate mechanical force or motion. This technology finds extensive application across diverse industries, including construction, agriculture, automotive, aerospace, marine, and industrial machinery, where precise control, high force output, and reliability are paramount.

Hydraulics Market Dynamics

Drivers

  • Growing Industrial Automation

The increasing adoption of industrial automation across various sectors such as manufacturing, construction, and agriculture, is driving the demand for hydraulic systems. These systems offer precise control, high force output, and reliable performance, thereby making it an essential component in automated machinery and equipment.

  • Infrastructure Development Projects

The global focus on infrastructure development projects, including constructing roads, bridges, dams, and buildings, is fueling the demand for hydraulic equipment. Hydraulic systems are integral to heavy machinery used in construction activities, providing the necessary power and control for lifting, digging, and material handling tasks. As infrastructure investments continue to rise, the demand for hydraulics is expected to grow correspondingly.

Opportunities

  • Rising Demand for Renewable Energy

The increasing emphasis on renewable energy sources such as wind and solar power presents an opportunity for the hydraulics market. Hydraulic systems are utilized in various components of renewable energy infrastructure, including wind turbines, solar tracking systems, and hydroelectric power plants. As the demand for clean energy solutions continues to grow globally, deploying hydraulic technology in renewable energy projects is expected to increase, driving market growth.

Restraints/Challenges

  • Environmental Concerns and Regulations

One significant restraint facing the hydraulics market is the increasing environmental concerns and stringent hydraulic fluid leakage and disposal regulations. Hydraulic systems often involve using hydraulic fluid, which can pose environmental risks if not properly managed. Hydraulic fluid leakage can lead to soil and water contamination, posing threats to ecosystems and human health. Consequently, regulatory bodies are imposing stricter guidelines and standards on using and disposing hydraulic fluids, increasing compliance costs for manufacturers and end-users. This regulatory landscape challenges the hydraulics market, as companies must invest in eco-friendly hydraulic solutions and practices to meet environmental requirements while maintaining operational efficiency.

  • Transition to Electric and Alternative Power Sources

 A significant challenge facing the hydraulics market is the ongoing transition toward electric and alternative power sources in various industries. With a growing emphasis on sustainability and energy efficiency, many sectors are exploring alternatives to traditional hydraulic systems powered by fossil fuels. This shift poses a challenge for the hydraulics market, as manufacturers must innovate to develop more energy-efficient and environmentally friendly hydraulic solutions to remain competitive in the evolving landscape of industrial automation and motion control.

Recent Development

  • in March 2023, DEF Hydraulics unveiled its latest innovation, the NextGen Hydraulic System, designed to revolutionize fluid power applications in the construction sector. The NextGen Hydraulic System incorporates state-of-the-art technology, including advanced sensors, predictive analytics, and smart control algorithms, to optimize performance, efficiency, and reliability. This groundbreaking development underscores DEF Hydraulics' commitment to driving innovation and addressing the evolving needs of the construction industry with cutting-edge hydraulic solutions

Hydraulics Market Scope

The market is segmented on the basis of component, end user and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Hydraulic Pumps
  • Hydraulic Motors
  • Hydraulic Cylinders
  • Hydraulic Valves
  • Hydraulic Filters
  • Others

Application

  • Construction
  • Agriculture
  • Automotive
  • Aerospace
  • Oil & Gas
  • Mining
  • Marine
  • Others

End User

  • OEMs
  • Aftermarket

Hydraulics Market Region Analysis/Insights

The market is analyzed and market size insights and trends are provided by region, component, end user and application, as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of Middle East and Africa.

Asia-Pacific is the dominating region in the market, attributed to rapid industrialization, infrastructure development, and the presence of key market players in countries such as China, Japan, and India.

The Middle East and Africa region are experiencing the fastest growth in the market due to increasing investments in construction, oil and gas exploration, and mining activities.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Semiconductor Infrastructure Growth Installed Base and New Technology Penetration

The market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2016-2021.

Competitive Landscape and Hydraulics Market Share Analysis

The market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

  • Bosch Rexroth AG (Germany)
  • Parker Hannifin Corporation (United States)
  • Eaton Corporation (Ireland)
  • Danfoss A/S (Denmark)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • HAWE Hydraulik SE (Germany)
  • HYDAC Technology GmbH (Germany)
  • Bucher Hydraulics GmbH (Germany)
  • Wipro Infrastructure Engineering (India)
  • Toshiba Machine Co., Ltd. (Japan)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The hydraulics market size will be worth USD 51.12 billion by 2031.
The growth rate of the hydraulics market is 3.4%.
Growing Industrial Automation & Infrastructure Development Projects are the growth drivers of the hydraulics market.
Component, end user and application are the factors on which the hydraulics market research is based.
Major companies in the hydraulics market are Bosch Rexroth AG (Germany), Eaton Corporation plc (Ireland), Parker Hannifin Corporation (United States), Danfoss Group (Denmark), Kawasaki Heavy Industries, Ltd. (Japan), Hydac Technology GmbH (Germany), Wipro Enterprises (P) Ltd. (India), Eaton Hydraulics Group (United States), Yuken Kogyo Co., Ltd. (Japan), and Daikin Industries, Ltd. (Japan).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials