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Impact Of Growing Infrastructure Development On The Hydraulics Market Driver: Leading Transformation in the Hydraulics Market in 2025
Hydraulics Market
The expansion of infrastructure development projects is anticipated to drive the hydraulics market. This growth is attributed to urbanization, economic development, technological advances, and environmental factors. Hydraulic technology is key in construction, maintenance, and management of infrastructure projects. The UK's Office for National Statistics reported a 9.6% increase in government investment in infrastructure in 2022, amounting to approximately $32.4 billion. Therefore, the growth in infrastructure development projects is fueling the hydraulics market's rise.
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What is the future CAGR of the hydraulics market, and how will it impact industry expansion?
The hydraulics market is set to grow from $42.59 billion in 2024 to $44.75 billion in 2025 at a CAGR of 5.1%, fueled by aerospace, marine, oil and gas, manufacturing, and transportation industry demands.
The hydraulics market is expected to grow to $53.73 billion by 2029 at a CAGR of 4.7%. The expansion is due to government initiatives for infrastructure development, high-performance hydraulic system demand, and urbanization. Key trends involve integrating hydraulic and electric systems, high-pressure innovations, noise reduction, and digital simulation tools.
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What are the most significant trends transforming the hydraulics market today?
Companies in the hydraulics market are advancing hydraulic components to boost efficiency, reliability, and performance. For example, in November 2023, Danfoss launched the H1F fixed displacement bent axis hydraulic motor, which offers up to 95% efficiency and a compact design suitable for open- and closed-circuit applications in agriculture, construction, and forestry machinery.
Which key market segments comprise the hydraulics market and drive its revenue growth?
The hydraulics market covered in this report is segmented -
1) By Product Type: Hydraulic Pumps, Hydraulic Motors, Hydraulic Cylinders, Hydraulic Valves, Hydraulic Filters, Other Product Types
2) By Application: Construction, Agriculture, Automotive, Aerospace, Oil And Gas, Mining, Marine, Other Applications
3) By End-User: Original Equipment Manufacturers (OEMS), Aftermarket
Subsegments:
1) By Hydraulic Pumps: Gear Pumps, Piston Pumps, Vane Pumps, Screw Pumps
2) By Hydraulic Motors: Gear Motors, Vane Motors, Piston Motors, Radial Piston Motors
3) By Hydraulic Cylinders: Single-Acting Cylinders, Double-Acting Cylinders, Telescopic Cylinders, Rodless Cylinders
4) By Hydraulic Valves: Directional Control Valves, Pressure Relief Valves, Flow Control Valves, Check Valves
5) By Hydraulic Filters: Return Line Filters, Pressure Line Filters, Suction Filters, Inline Filters
6) By Other Product Types: Hydraulic Accumulators, Hydraulic Tanks, Hydraulic Hose And Fittings, Hydraulic Seal Kits
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What regions are at the forefront of hydraulics market expansion?
Asia-Pacific was the largest region in the hydraulics market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the hydraulics market?
Major companies operating in the hydraulics market are Caterpillar Inc, Komatsu Ltd, Eaton Corporation, Parker Hannifin Corporation, Kawasaki Heavy Industries Ltd., Webtec Products Limited, Moog Inc., KYB Corporation, HYDAC International GmbH, Nachi-Fujikoshi Corporation, Bucher Hydraulics, Hengli Hydraulic, HAWE Hydraulik SE, HydraForce Inc., Concentric Hydraulics, Prince Manufacturing Corporation, Linde Hydraulics GmbH & Co. KG, Oilgear Company, Yuken Kogyo Co. Ltd., Cross Manufacturing Company Inc., Walvoil S.p.A, Permco Inc., Salami SpA
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What Is Covered In The Hydraulics Global Market Report?
•Market Size Forecast: Examine the hydraulics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hydraulics market for a structured understanding.
•Key Players Overview: Analyze major players in the hydraulics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hydraulics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hydraulics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hydraulics market.
•Industry Challenges: Identify potential risks and obstacles affecting the hydraulics market.
•Competitive Landscape: Review strategic developments in the hydraulics market, including expansions, agreements, and new product launches.
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