2025-2034 Fluid Power Equipment Market Roadmap: Insights for Competitive Advantage

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What Will the Fluid Power Equipment Industry Market Size Be by 2025?
The market size of fluid power equipment has displayed substantial growth in recent years. The industry that stood at $32.49 billion in 2024 is projected to increase to $34.92 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.5%. The expansion of construction and infrastructure projects, usage in the automotive industry, the demand in mining and material handling equipment, energy sector utilization, and applications in the aerospace and defense sectors can be identified as reasons behind the significant growth observed during the historic period.

What's the Long-Term Growth Forecast for the Fluid Power Equipment Market Size Through 2029?
In the upcoming years, the fluid power equipment market size is projected to witness substantial growth. The market is predicted to expand to $47.6 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.1%. Various factors such as the increase in renewable energy projects, the emphasis on energy efficiency, the expansion of e-commerce and logistics, the growing adoption of electric and hybrid vehicles, and infrastructural development in emerging markets contribute to its growth during the forecast period. Noteworthy trends during this period are anticipated to encompass the incorporation of industry 4.0 technologies, improvements in hydraulic technology, emphasis on energy-economical solutions, advancements in hydraulic fluid, and a focus on condition monitoring and predictive maintenance.

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What Are the Key Growth Drivers Fueling the Fluid Power Equipment Market Expansion?
The escalating demand from the food and beverage sector is playing a pivotal role in propelling the fluid power equipment market's growth. This sector encompasses enterprises engaged in food material processing, packaging, and the dispersion of both alcoholic and non-alcoholic beverages. Fluid power equipment finds use in this industry for processes such as ingredient transportation, food processing, and the final stages of packaging. For instance, Common Thread Collective, an e-commerce growth firm based in the United States, shared a report in April 2022 indicating that the worldwide food and beverage sales rose to $506 billion in 2022, an increase from $435.3 billion in the previous year, 2021. They have projected these sales to surge to an astounding $857 billion by 2025. As a result, this heightened demand from the food and beverage sector fuels the expansion of the fluid power equipment market.

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What Are the Key Trends Driving Fluid Power Equipment Market Growth?
The key trend emerging in the fluid power equipment market is the formation of strategic collaborations and partnerships. Major corporations in the sector are partnering with others to expand their product line and become market leaders. For example, in June 2022, Bosch Rexroth, a German engineering company specializing in hydraulic products, teamed up with AGILOX to tap into the autonomous mobile robots market. This alliance sought to bundle potent products and expand worldwide presence. AGILOX is an Austrian automation company. Similarly, in February 2022, Parker Hannifin Corporation, a US-based company specializing in motion technologies including hydraulic pumps and power systems, formed a partnership with Cummins Inc. The duo integrated connected engine solutions with Parker's Mobile IoT platform, enabling customers to receive live alerts and access diagnostic messages for Parker parts and Cummins engines from a single platform. Cummins Inc. is a US-based firm that manufactures products for filtration, engines, and power generation.

How Is the Fluid Power Equipment Market Segmented?
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 Companies Are Leading the Charge in Fluid Power Equipment Market Innovation?
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

Which Regions Are Leading the Global Fluid Power Equipment Market in Revenue?
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.

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