Construction Industry Driving Growth In Hydraulic Equipment Market Driver: Leading Transformation in the Hydraulic Equipment Market in 2025

What Are the Projected Growth and Market Size Trends for the Hydraulic Equipment Market?
The hydraulic equipment market is expected to grow from $45.21 billion in 2024 to $47.57 billion in 2025, at a CAGR of 5.2%. This growth can be attributed to urbanization and industrialization, the need for advanced agricultural machinery, rising demand for material handling equipment, and the expansion of process industries.

The Hydraulic Equipment market will reach $55.58 billion by 2029 at a CAGR of 4.0%. The expansion of the construction industry, demand for eco-friendly hydraulic solutions, and adoption in mining and aerospace contribute to the growth. Trends include IoT integration, product innovation, and mechanized agricultural equipment.

What Is Driving the Growth Trajectory of the Hydraulic Equipment Market?
The expanding construction industry is expected to boost the growth of the hydraulic equipment market in the future. The construction industry encompasses all activities related to planning, designing, building, and maintaining buildings, infrastructure, and other physical structures. The industry's growth is attributed to government investments in construction projects, rising infrastructure investments, and stabilization in the real estate market. Hydraulic systems are ideal for heavy lifting, pushing, and pulling tasks in construction, such as operating cranes, excavators, and bulldozers, due to their ability to generate large forces with relatively small components. For example, the Office for National Statistics, a UK-based producer of official statistics, reported in August 2023 that construction output rose by 1.6% in June 2023, driven by increases in both new construction work (2.0%) and repair and maintenance activities (1.1%). Therefore, the expanding construction industry is fueling the growth of the hydraulic equipment market.

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Which Leading Companies Are Shaping the Growth of the Hydraulic Equipment Market?
Major companies operating in the hydraulic equipment market are Robert Bosch GmbH, Siemens AG, Komatsu Ltd., Motion Industries Inc., Parker Hannifin Corporation, Emerson Electric Co., Kawasaki Heavy Industries Ltd., Danfoss AS, SMC Corporation, Festo SE, Moog Inc., Concentric AB, HAWE Hydraulik SE, Linde Hydraulics Corp, Wipro Infrastructure Engineering, Casappa Corp, Norgren Limited, Hydac International GmbH, Dantal Hydraulics Pvt. Ltd., Daikin Industries Ltd., Bucher Hydraulics Inc., Hannon Hydraulics Inc., Fluitronics GmbH, American Design & Manufacturing Inc., Nachi-Fujikoshi Corp.

What Are the Major Trends Shaping the Hydraulic Equipment Market?
In the hydraulic equipment market, companies are innovating with products like energy-efficient hydraulic pumps to provide enhanced features and gain a competitive edge. For instance, in January 2024, Grundfos, a Denmark-based pump manufacturer, launched the SP 6-inch hydraulic pump, which offers improved energy efficiency and is designed for groundwater pumping. The pump incorporates a high-efficiency permanent magnet motor and a robust stainless-steel rotor design, ensuring durability and maximizing operational efficiency.

What Are the Key Segments of the Hydraulic Equipment Market?
The hydraulic equipment market covered in this report is segmented -

1) By Component: Motors, Pumps, Cylinders, Valves, Filters, Accumulators, Transmissions, Other Components
2) By Applications: Mobile, Industries
3) By End User: Mining And Construction, Agriculture And Mining, Packaging, Material Handling, Other Applications

Subsegments:
1) By Motors: Hydraulic Motors, Gear Motors, Piston Motors
2) By Pumps: Gear Pumps, Vane Pumps, Piston Pumps, Screw Pumps
3) By Cylinders: Double-Acting Cylinders, Single-Acting Cylinders, Telescopic Cylinders
4) By Valves: Directional Control Valves, Pressure Control Valves, Flow Control Valves, Check Valves
5) By Filters: Hydraulic Filters, Inline Filters, Return Line Filters
6) By Accumulators: Bladder Accumulators, Piston Accumulators, Spring Accumulators
7) By Transmissions: Hydraulic Transmissions, Hydrostatic Transmissions
8) By Other Components: Hoses And Fittings, Seals And O-Rings, Coolers And Heat Exchangers

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Which Region Dominates the Hydraulic Equipment Market?
North America was the largest region in the hydraulic equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Hydraulic Equipment Global Market Report?

- Market Size Analysis: Analyze the Hydraulic Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hydraulic Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hydraulic Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hydraulic Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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