Hydraulic Equipment Market Set to Reach USD 66 B by 2030 at ~5% CAGR

✿ Global Hydraulic Equipment Market Forecast to Reach ~USD 65.8B by 2032 at ~4.2-5.4% CAGR
According to Straits Research and Persistence Market Research, the global Hydraulic Equipment Market is projected to grow from approximately USD 45.34 B in 2023 to USD 65.82 B by 2032, reflecting a CAGR of ~4.23% over 2024-2032 Alternative forecasts estimate ~USD 67.06 B by 2030 at ~5.4% CAGR N while Mordor Intelligence estimates USD 51.52 B in 2030 at ~3.52% CAGR

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✿ Market Overview & Key Drivers
The hydraulic equipment market is expanding due to growth in construction, mining, agriculture, material handling, and industrial manufacturing sectors driving demand for high-force, high-reliability systems Increasing automation, IoT integration, and smart/electro‐hydraulic systems are modernizing the segment with predictive maintenance and energy-efficient solutions

✿ Competitive Landscape
Leading global players include Parker Hannifin Corporation, Bosch Rexroth, Danfoss, Flowserve Corporation, Kawasaki Heavy Industries, Eaton Corporation, Linde Hydraulics, Weir Group, KSB SE, and Palfinger AG
Resonetics LLC recently acquired EaglePicher Technologies' medical/industrial hydraulic division, and Ilika's mm‐scale battery tech licensing indicates trend-alignment toward miniaturized actuation systems

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✿ Regional Demand & Higher Growth Region
Asia‐Pacific is the fastest-growing region (~4.2%-5.2% CAGR) driven by infrastructure development in China, India, Japan & Southeast Asia

North America remains the largest market (~37-38% share), supported by mature industrial, automotive, and agriculture sectors

Europe shows steady adoption (~4% CAGR) due to advanced manufacturing, automation, and energy efficiency mandates

✿ COUNTRY‐SPECIFIC INSIGHTS
Vietnam Opportunity Growth
Vietnam's infrastructure boom and mechanized agriculture programs are creating demand for hydraulic pumps, cylinders, valves, and service systems in construction and agri-equipment segments.

Thailand Trends Growth
Thailand's expanding tourism sector and logistics infrastructure drive demand for hydraulic material handling machines and truck-mounted cranes, expanding the market for Palfinger-style hydraulic lifting systems.

Japan Consolidation Growth
In Japan, major suppliers like Bosch Rexroth, Parker, Kawasaki, and Danfoss are consolidating supply chains for smart hydraulic components in construction, automotive manufacturing, and robotics.

South Korea Updation Innovation
South Korea's domestic players and international firms like Linde Hydraulics and Flowserve are deploying electro‐hydraulic solutions, sensor‐embedded pumps, and automation-ready components within industrial and mobile applications

Singapore Benchmarking Opportunity
Singapore serves as a hub for testing smart hydraulics in ports, warehousing and precision material handling systems, supported by strong regulations and international collaborations.

Consolidation Trends in the United States
U.S. market leaders like Parker Hannifin, Flowserve, Eaton, and Weir Group are expanding production, building automated factories, and integrating digital hydraulics across equipment lines

Growth in China Trends
China dominates Asia‐Pacific hydraulic equipment demand through vast infrastructure projects and manufacturing automation, supported by local production of pumps, valves, motors, and cylinders

Opportunity & Compliance in Europe
Europe - particularly Germany, UK, and France - emphasizes energy-efficient, IoT-connected hydraulic systems. Manufacturers are investing in smart valves and pumps to comply with environmental and industrial digitalization standards

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✿ Hydraulic Equipment Market Segments Covered:
by Component
Pumps
Motors
Valves
Cylinder
Accessories

by Application
Mobile
Industries

by End User
Mining & Construction
Agriculture & Mining
Packaging
Material Handling
Other (petrochemical, machine tools, automotive, paper, plastic, rubber and printing)

✿ Mergers, Partnerships & Technological Updates
Parker Hannifin's major acquisitions (Meggitt, Clarcor, Lord Corp.) have strengthened its position across industrial hydraulic applications and aerospace products

Linde Hydraulics, under KION Group and Weichai, continues expanding global production footprint in China and the U.S. and advancing smart hydraulic electronics

Weir Group has acquired multiple valves and pump businesses globally-including in South Korea and Singapore-to enhance its hydraulic control systems and services network

✿ Key Recent Developments
Volvo Construction Equipment is investing SEK 2.5 billion (~USD 260 M) to scale crawler excavator assembly in South Korea, the U.S., and Sweden-boosting regional hydraulic equipment demand and mitigating supply-chain risks

Caterpillar reported that although sales declined ~9% in Asia‐Pacific and ~16% in Europe, pricing strength on larger hydraulic-based equipment supported profit growth in North America-highlighting demand volatility compensated by price strategy in hydraulic systems markets

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