Press release
Leading Growth Driver in the Hydraulic Pumps Market in 2025: Construction Boom Fuels Growth In Hydraulic Pumps Market Driver's Influence
Hydraulic Pumps Market Size
The growth in building activities is propelling the hydraulic pumps market. These pumps are extensively utilized in construction machinery like excavators, cranes, and loaders to handle heavy loads in ordinary operational tasks. A surge in construction endeavors worldwide leads to an increase in demand for hydraulic pumps since they are essential parts in significant lifting gear. As per the U.S. Census Bureau's monthly construction spending report of March 2022, the construction investment touched $376.6 billion in the initial three months of 2022. That's a 12.0% surge from $336.3 billion during the same period in 2021. As such, the escalating building activities are projected to catalyze the demand for hydraulic pumps in the future.
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What Is the projected market size and growth rate for the hydraulic pumps market?
There has been a substantial growth in the market size of hydraulic pumps in recent years. The market, which was worth $10.47 billion in 2024, is anticipated to escalate to $11.05 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.6%. The growth experienced during the historical period can be credited to the demands from the automotive industry, development in construction and infrastructure, agricultural machinery, oil and gas exploration, as well as the dynamics of the mining industry.
The scale of the hydraulic pumps market is projected to experience substantial expansion in the coming years, ballooning to $14.26 billion by 2029, with a compound annual growth rate (CAGR) of 6.6%. This surge in the prediction period can be traced back to the uptick in renewable energy projects, a movement towards electrification, intelligent hydraulic systems, the modernization of infrastructure, and an increased concentration on energy efficiency. Major market tendencies during the forecast period comprise a swell in electric hydraulic pumps, the blending of IoT and data analytics, a spotlight on Industry 4.0 integration, a rising requirement for variable displacement pumps, and a heightened focus on sustainability.
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What new trends are reshaping the hydraulic pumps market and its opportunities?
Product advancement is a significant trend growing prominence in the hydraulic pump industry. Numerous businesses active in the hydraulic pump industry are producing inventive products with cutting-edge technologies to fortify their status in this market. For example, a report from Grundfos in October 2024 stated that a US-based tech enterprise introduced a fresh SP 6-inch hydraulic pump. The pump, engineered to boost energy efficiency and lessen operating costs, is perfect for tasks like groundwater extraction and irrigation. It incorporates an innovative hydraulic layout and motor technology, optimizing power utilization via a smart control mechanism, resulting in considerable savings. With its sturdy design, it guarantees longevity in challenging situations, solidifying Grundfos's dedication to green water management and environmental responsibility.
What major market segments define the scope and growth of the hydraulic pumps market?
The hydraulic pumps market covered in this report is segmented -
1) By Product Type: Gear Pump, Vane Pump, Piston Pump, Screw Pump
2) By Application: Mobile Application, Industrial Application
3) By End User Vertical: Construction, Mining, Agriculture, Machinery, Automotive
Subsegments:
1) By Gear Pump: External Gear Pumps, Internal Gear Pumps
2) By Vane Pump: Fixed Displacement Vane Pumps, Variable Displacement Vane Pumps
3) By Piston Pump: Axial Piston Pumps, Radial Piston Pumps
4) By Screw Pump: Single Screw Pumps, Twin Screw Pumps
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Which region dominates the hydraulic pumps market?
North America was the largest region in the hydraulic pumps market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the hydraulic pumps industry growth?
Major companies operating in the hydraulic pumps market include Daikin Industries Ltd., Dynamatic Technologies Limited, Eaton Corporation PLC, Parker Hannifin Corporation, Kawasaki Heavy Industries Ltd., Danfoss A/S, Atos Spa, Bosch Rexroth AG, Bucher Industries AG, KYB Corporation, Haldex Hydraulics Corporation, CIRCOR Pumps North America LLC, HAWE Hydraulik GmbH, Enerpac Tool Group LLC, Linde Hydraulics GmbH & Co. KG, Cessna Fluid Power LLC, CASAPPA S.p.A., Hydraulic Supply Company, Permco Inc., Oilgear Company, Perfection Hydraulics Inc., Cross Manufacturing Inc., Bailey International LLC, Bondioli & Pavesi S.p.A., HYDAC International GmbH, Brevini Fluid Power S.p.A.
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What Is Covered In The Hydraulic Pumps Global Market Report?
•Market Size Forecast: Examine the hydraulic pumps market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hydraulic pumps market for a structured understanding.
•Key Players Overview: Analyze major players in the hydraulic pumps market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hydraulic pumps market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hydraulic pumps market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hydraulic pumps market.
•Industry Challenges: Identify potential risks and obstacles affecting the hydraulic pumps market.
•Competitive Landscape: Review strategic developments in the hydraulic pumps market, including expansions, agreements, and new product launches.
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