Press release
Accelerating Growth in the Fluid Power Equipment Market: Current Size, CAGR, and Prominent Drivers
Fluid Power Equipment Market Size
What Is The Projected Market Size Of The Global Fluid Power Equipment Market And Its Growth Rate?
• In 2024, the fluid power equipment market was valued at $32.49 billion.
• The market size is projected to reach about $34.92 billion in 2025, which translates to a CAGR of 7.5%.
• Moving towards 2029, the industry is expected to swell to a substantial $47.6 billion, with a heightened CAGR of 8.1%.
What Is Driving The Growth In The Fluid Power Equipment Market?
The surge in demand from the food and beverage industry is playing a critical role in fueling the growth of the fluid power equipment market. Companies involved in processing, packaging, and distributing food items and beverages rely heavily on this equipment for various operations, such as mobility of ingredients and final packaging. For instance, as per a report by the Common Thread Collective, the global food and beverage sales increased to $506 billion in 2022 from $435.3 billion in 2021. Furthermore, the sales are projected to hit $857 billion by 2025. Consequently, the escalating demand in this industry is steering the fluid power equipment market's expansion.
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Who Are the Key Players Driving Fluid Power Equipment Market Growth?
• Hengli America Inc.
• Eaton Corporation plc
• Parker Hannifin Corporation
• Kawasaki Heavy Industries Ltd.
• Atos S.p.A.
• Dover Corporation
• Bosch Rexroth AG
• Alfa Laval
• Festo SE & Co. KG
• Flowserve Corporation
• Crane Holdings
• Hydac GmbH
• Graco Inc.
• Colfax Ltd.
• Helios Technologies Inc.
• Christian Bürkert GmbH and Co
• Circor International
• Moog Inc.
• Sparrows Offshore Group Limited
• Bucher Hydraulics GmbH
• Oilgear Company
• Casappa S.p.A
• Duplomatic Motion Solutions S.p.A.
• Hawe Hydraulik SE
• Fluid Systems Inc.
• Daikin Industries Ltd.
• Daman Products Co. Inc.
• Fluid-Power Equipment Inc.
• Applied Fluid Power
• Hydraulics International Inc.
• BVA Hydraulics
What Are The Key Trends In The Fluid Power Equipment Market?
• Integration of industry 4.0 technologies
• Advancements in hydraulic technology
• Focus on energy-efficient solutions
• Advancements in hydraulic fluid
• Emphasis on condition monitoring and predictive maintenance
What Are The Segments Of The Global Fluid Power Equipment Market?
• Type: Hydraulic, Pneumatic
• Product Types: Pumps, Motors, Valves, Cylinders, Accumulators And Filters, and Other Product Types
• Application: Construction, Automotive, Oil And Gas, Food Processing, Packaging, Semiconductor, and Other Applications
Which Region Leads The Fluid Power Equipment Market?
The Asia-Pacific region led the fluid power equipment market in 2024 and North America is projected to be the fastest-growing in the forecast period. The other significant regions detailed in the fluid power equipment market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Fluid Power Equipment Market Global Market Report?
- Market Size Analysis: Analyzes the Fluid Power Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identifies various subsegments within the Fluid Power Equipment Market for effective categorization.
- Key Player Focus: Focuses on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examines individual growth trends and prospects in the Market.
- Market Contribution: Evaluates contributions of different segments to the overall Fluid Power Equipment Market growth.
- Growth Drivers: Details key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyzes challenges and risks affecting the Fluid Power Equipment Market.
- Competitive Developments: Analyzes competitive developments, such as expansions, agreements, and new product launches in the market.
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