Global Hydraulics Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 42.64 Billion |
 Market Size (Forecast Year) |
USD 51.12 Billion |
 CAGR |
% |
| Major Markets Players |
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 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 |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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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). |
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Market Opportunities |
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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)
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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.
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.
