Hydraulic Equipment Market Size Projected To Reach $55.58 Billion By 2034 With A Cagr Of 4%

The Hydraulic Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Hydraulic Equipment Market?
In the recent past, there has been a robust growth in the size of the hydraulic equipment market. The market is forecasted to expand from $45.21 billion in 2024 to $47.57 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The boom in the historical phase is linked to urbanization and industrialization, rising demand for advanced agricultural machinery, an upsurge in the need for material handling equipment, the growth of process industries, and the increasing inclusion of hydraulic systems in automated manufacturing processes.

In the coming years, the hydraulic equipment market is projected to experience consistent growth, with its value reaching $55.58 billion in 2029 at a compound annual growth rate (CAGR) of 4.0%. Factors contributing to this projected growth during the forecast period include expansion of construction industry, rising demand for environmentally friendly hydraulic solutions, increased need for hydraulic equipment in aerospace and defense industries, increased adoption of electric vehicles, and growing need for hydraulic equipment in the mining industry. The forecast period will also see major trends such as IoT integration, new manufacturing facilities expansion, mechanized agricultural equipment adoption, product innovation, and increased investments.

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What Are the Different Hydraulic Equipment Market Segments?
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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What Are the Primary Drivers Shaping the Hydraulic Equipment Market?
The growth of the hydraulic equipment market is anticipated to be propelled by the thriving construction industry. Everything that entails planning, designing, building, and maintaining edifices, infrastructure, and other tangible structures falls under the purview of the construction industry. Government expenditures on construction projects, augmented infrastructure investments, and the real estate market stabilizing contribute to the industry's expansion. Heavy duties such as lifting, pushing, and pulling in construction that requires operating machinery like cranes, excavators, and bulldozers, are made possible by hydraulic systems due to their ability to produce colossal force via relatively small components. For example, a report released in August 2023 by the Office for National Statistics, a UK based official statistics producer, indicated that the estimated construction output in June 2023 saw a 1.6% surge in volume due to increases in both new construction work (2.0%) and repair and maintenance jobs (1.1%). There was also a 0.3% increase in construction output from Quarter 1 (January to March) 2023 to Quarter 2 (April to June) 2023. Consequently, the hydraulic equipment market is being propelled by the flourishing construction industry.

Which Companies Are Leading in 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 Trends Are Expected to Dominate the Hydraulic Equipment Market in the Next 5 Years?
Key players in the hydraulic equipment market are focusing on innovating products such as energy-saving hydraulic pumps in an effort to deliver superior features and secure a competitive edge. Energy-saving hydraulic pumps are specifically engineered to transform mechanical energy into hydraulic power while reducing energy waste. For instance, in January 2024, Grundfos, a pump manufacturer based in Denmark, introduced the SP 6-inch hydraulic pump designed for groundwater pumping. This pump is distinguished by its top-notch energy efficiency obtained through advanced hydraulics, leading to substantial energy conservation. It's equipped with a highly efficient permanently magnetized motor that ensures dependable performance while enhancing overall efficiency. The robust stainless-steel rotor construction, featuring a sturdy stainless-steel-clad canned rotor, guarantees optimized function and longevity. Furthermore, the pump is capable of handling an extended temperature range up to 140°F, making it adaptable and suitable for an array of applications.

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What Are the Top Revenue-Generating Geographies in 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hydraulic Equipment Market?
2. What is the CAGR expected in the Hydraulic Equipment Market?
3. What Are the Key Innovations Transforming the Hydraulic Equipment Industry?
4. Which Region Is Leading the Hydraulic Equipment Market?

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