Hydraulic Motors Market is anticipated to register a CAGR of 5.12% during the forecast period, 2018 to 2023| Major Vendors- BOSCH REXROTH, EATON GROUP, PARKER HANNIFIN GROUP, KAWASAKI PRECISION MACHINERY CO. LIMITED amongst others

Market Analysis:

Asia- Pacific market is poised to witness higher growth rates
There is a potential scope for the demand of hydraulic motors especially gear motors such as gerotor motors- well suited for conveyor drives, reel drives, wheel drives etc., in agricultural application. Similarly, Asia- Pacific and Africa is likely to see more demand for hydraulic motors in the agricultural machinery applications. Europe and Asia-Pacific are likely to propel high demand in the market, owing majorly to their revival in the agricultural machinery market.

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Increasing construction and infrastructural development activities in the emerging economies are expected to open up new opportunities for the construction machinery sector, and in turn, the market for hydraulic motors. Manufacturers are consistently striving to be in-line with the customer requirements and changing technology, thus, developing small sized motors offering high efficiency and reducing noise level of its operations are the current features in the types of hydraulic motors which are gaining traction in diverse applications. However, the demand from non-hydraulic counterparts like electric motors and high maintenance cost are the major restraints for the market.

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Market Segments:
Hydraulic Motors Market is segmented by:
1. Type: Gear Motors, Piston Motors (Axial Piston Motors, Radial Piston Motors), Vane Motors
2. Application: Agricultural Machinery, Construction Machinery, Manufacturing Machinery, Mining Machinery, Marine, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market:
• March 2017: Dynaset launched new silent hydraulic motors which are capable to integrate in diverse applications. The product has less mechanical friction and resulted in providing better efficiency and increased durability.

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