Construction Industry Driving Growth In Hydraulic Equipment Market: A Key Factor Shaping the Future of the Hydraulic Equipment Market in 2025

What industry-specific factors are fueling the growth of the hydraulic equipment market?
The anticipated expansion in the construction sector is likely to fuel the growth of the hydraulic equipment market. The sector encompasses everything from planning, designing, construction, and upkeep of buildings and infrastructure to other physical structures. The sector's growth is attributed mainly to government-funded building projects, investments in infrastructure, and stabilization of the real estate market. Hydraulic systems, due to their immense force production with relatively small components, are perfect for the heavy lifting, pushing, and pulling duties required in construction operations like running cranes, excavators, and bulldozers. For example, a 1.6% rise in the estimated monthly construction output in June 2023 was documented in a report published by the Office for National Statistics, a UK-based official statistics producer. This rise was due to increases in both new construction work (2.0%) and repair and maintenance activities (1.1%). Comparatively, the output from the construction industry rose by 0.3% from quarter 1 (January to March) 2023 to quarter 2 (April to June) 2023. Thus, the growth of the hydraulic equipment market is driven by the accelerating construction industry.

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What Is the projected market size and growth rate for the hydraulic equipment market?
The scale of the hydraulic equipment industry has seen robust expansion in the preceding years. The market is projected to escalate from a worth of $45.21 billion in 2024 to $47.57 billion in 2025 with a CAGR of 5.2%. The historic escalation can be credited to aspects such as the progression of urbanization and industrialization, an elevated necessity for sophisticated agricultural machinery, a burgeoning need for material handling equipment, the dilatation of process industries, and the increased incorporation of hydraulic systems into mechanized manufacturing procedures.

In the coming years, the hydraulic equipment market is projected to experience a consistent growth curve, reaching $55.58 billion in 2029 with a compound annual growth rate (CAGR) of 4.0%. The predicted expansion can be linked to the growth of the construction sector, progressively escalating demand for environment-friendly hydraulic solutions, an increase in requirements for hydraulic equipment in aerospace & defense sectors, rising acceptance of electric vehicles and an enhanced need for hydraulic equipment in mining industry. Within the forecast period, key market trends such as incorporation of Internet of Things, establishment of new manufacturing units, usage of mechanized agricultural tools, product advancements, and higher amount of investments are also expected to prevail.

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What new trends are reshaping the hydraulic equipment market and its opportunities?
Leading firms in the hydraulic equipment market are advancing their product offerings with items like energy-efficient hydraulic pumps. These devices are engineered to convert mechanical energy into hydraulic energy while reducing energy waste. A case in point, in January 2024, Grundfos, a pump manufacturer from Denmark, launched the SP 6-inch hydraulic pump that is primarily used for groundwater pumping. The distinguishing features of the SP 6-inch hydraulic pump include unmatched energy efficiency, facilitated by improved hydraulics that result in substantial energy savings. The pump features a highly efficient permanent magnet motor that assures dependable performance and maximizes overall efficiency. With a robust stainless-steel rotor design, which boasts a sturdy stainless-steel-clad canned rotor, it guarantees peak operations and durability. Furthermore, the pump can operate at temperatures of up to 140°F, rendering it versatile and adaptable across a variety of applications.

What major market segments define the scope and growth 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.

Which key market leaders are driving the hydraulic equipment industry growth?
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.

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What Is Covered In The Hydraulic Equipment Global Market Report?

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

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