Leading Growth Driver in the Fluid Power Equipment Market in 2025: Fluid Power Equipment Market Surges With Food And Beverage Demand Driver's Influence

What industry-specific factors are fueling the growth of the fluid power equipment market?
The growth of the fluid power equipment market is being greatly influenced by a surge in demand from the food and beverage industry. This industry encompasses organizations involved in food material processing, packaging, and distribution, along with both alcoholic and non-alcoholic beverages. These sectors utilize fluid power equipment for several processes, including mixing ingredients and final packaging. For example, the Common Thread Collective, a U.S. based e-commerce growth agency, reported in April 2022 that the global food and beverage sales went up to $506 billion in 2022, which is a significant rise from $435.3 billion in 2021. Additionally, the sales are projected to hit $857 billion by the year 2025. Thus, the rising demand from food and beverage sectors is propelling the expansion of the fluid power equipment market.

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What Is the projected market size and growth rate for the fluid power equipment market?
In recent years, there has been a significant increase in the size of the fluid power equipment market. The market is expected to escalate from $32.49 billion in 2024 to $34.92 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. The robust growth during the historical phase can be credited to the surge in construction and infrastructure projects, the use in the automotive industry, the demand for mining and material handling equipment, energy sector deployment, and applications in aerospace and defense.

The market size for fluid power equipment is projected to experience robust growth in the forthcoming years and is predicted to rise to $47.6 billion by 2029, with a compound annual growth rate (CAGR) of 8.1%. The growth during the estimated period could be linked to an increase in renewable energy projects, concentration on energy efficiency, growth of e-commerce and logistics, a higher acceptance rate of electric and hybrid vehicles, and developing infrastructure in fast-growing economies. Key trends during this predicted period encompass the incorporation of industry 4.0 technology, advancements in hydraulic technology, a focus on energy-efficient solutions, progress in hydraulic fluid, and a stress on condition monitoring and predictive maintenance.

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What new trends are reshaping the fluid power equipment market and its opportunities?
There's a growing trend in the fluid power equipment market towards strategic alliances and joint ventures. A key move for larger corporations in this sector is to collaborate with other companies, expanding product ranges and asserting market dominance. For instance, a major Germany-based engineering firm Bosch Rexroth, which specializes in hydraulic products, joined forces with AGILOX in June 2022 to tap into the market for autonomous mobile robots; a joint venture aimed at leveraging product strengths and widening their international footprint. AGILOX is an Austrian automation company. In parallel, in February 2022, Parker Hannifin Corporation, a US company offering motion technologies like hydraulic pumps and power systems, partnered with Cummins Inc. to integrate connected engine solutions into the Parker Mobile IoT platform. This partnership benefits customers by providing real-time updates and diagnostic messages about Parker and Cummins products via one interface. Cummins Inc. is an American organization specializing in filters, engines, and power generating equipment.

What major market segments define the scope and growth of the fluid power equipment market?
The fluid power equipment market covered in this report is segmented -

1) By Type: Hydraulic, Pneumatic
2) By Product Types: Pumps, Motors, Valves, Cylinders, Accumulators And Filters, Other Product Types
3) By Application: Construction, Automotive, Oil And Gas, Food Processing, Packaging, Semiconductor, Other Applications

Subsegments:
1) By Hydraulic: Hydraulic Pumps, Hydraulic Cylinders, Hydraulic Valves, Hydraulic Motors, Hydraulic Accumulators
2) By Pneumatic: Pneumatic Cylinders, Pneumatic Valves, Pneumatic Compressors, Pneumatic Actuators, Pneumatic Accessories

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Which region dominates the fluid power equipment market?
Asia-Pacific was the largest region in the field power equipment market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the fluid power equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the fluid power equipment industry growth?
Major companies operating in the fluid power equipment market include 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

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What Is Covered In The Fluid Power Equipment Global Market Report?

•Market Size Forecast: Examine the fluid power equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the fluid power equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the fluid power equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fluid power equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the fluid power equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fluid power equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the fluid power equipment market.
•Competitive Landscape: Review strategic developments in the fluid power equipment market, including expansions, agreements, and new product launches.

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