Fluid Power Equipment Market Trends That Will Shape the Next Decade: Insights from Strategic Collaborations Redefine The Fluid Power Equipment Industry

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How Large Will the Fluid Power Equipment Market Size By 2025?
The market size for fluid power equipment has seen substantial growth in the past years. The expansion is set to continue, rising from $32.49 billion in 2024 to $34.37 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. This historical growth has been propelled by various factors such as the increase in construction and infrastructure projects, uses in the automotive industry, demand in mining and material handling equipment, energy sector applications, as well as usage in the aerospace and defense sectors.

How Big Is the Fluid Power Equipment Market Size Expected to Grow by 2029?
Expectations of a significant surge in the fluid power equipment market are high, with its value forecasted to reach $46.01 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 7.6%. This rising trend during the forecast period is due to factors such as the proliferation of renewable energy projects, the emphasis on energy efficiency, the growth of e-commerce and logistics, the increasing use of electric and hybrid vehicles, and infrastructure evolution in new markets. Key trends to watch for during this forecast period include adoption of industry 4.0 technologies, improvements in hydraulic technology, development of energy-efficient solutions, progressive updates to hydraulic fluid, and a concentration on condition monitoring and predictive maintenance.

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Which Key Market Drivers Powering Fluid Power Equipment Market Expansion and Growth?
The progression of the fluid power equipment market can be significantly attributed to the escalating requirement from the food and beverage industry. This industry is comprised of firms engaged in the ultimate packaging, transformation, and allocation of food resources alongside both alcoholic and non-alcoholic drinks. Fluid power equipment finds its utility in the movement of ingredients, their processing, and the final packaging in this industry. To support this, Common Thread Collective, an e-commerce growth agency from the US, shared a report in April 2022 stating that the global food and beverage sales escalated from $435.3 billion in 2021 to $506 billion in 2022. The report further anticipated the sales to surge up to $857 billion by 2025. Hence, this mounting requirement from the food and beverage sector is fuelling the expansion of the fluid power equipment market.

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What Long-Term Trends Will Define the Future of the Fluid Power Equipment Market?
Forming strategic alliances and collaborating with other firms is a rapidly growing trend in the fluid power equipment industry. Most major companies in this sector are currently looking for opportunities for partnerships, aiming to expand their product range and gain a competitive edge in the market. For example, in June 2022, Bosch Rexroth, a German engineering company specializing in hydraulic goods, formed a partnership with AGILOX to tap into the autonomous mobile robots market. The key goal of this collaboration was to leverage strong products and expand their global footprint. Based in Austria, AGILOX is a company that deals with automation. In a similar move, in February 2022, Parker Hannifin Corporation from the US, known for developing hydraulic pumps and power systems, joined hands with Cummins Inc. The objective was to integrate connected engine solutions with Parker's Mobile IoT platform. This agreement allows clients to obtain real-time updates and diagnostic messages in a single dashboard for both Parker components and Cummins engines. Cummins Inc., is a US firm engaged in the production of filtration, engines, and power generation goods.

What Are the Emerging Segments in the Fluid Power Equipment Market?
The fluid power equipmentmarket 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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Who Are the Global Leaders in the Fluid Power Equipment Market?
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 are the Top Profitable Regional Markets for the Fluid Power Equipment Industry?
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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