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An Overview of Segmentation, Market Dynamics, and Competitive Landscape in the Hydraulic Pumps Market
Hydraulic Pumps Market
Hydraulic Pumps Market Size and Growth Outlook
The hydraulic pumps market is projected to reach $14.63 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.1%. This positive trajectory is fueled by trends such as the electrification of equipment, growing demand for energy-efficient hydraulic systems, adoption of smart pump monitoring technologies, expansion of infrastructure projects, and the need to replace outdated pumping solutions. Key trends shaping the market include rising demand for highly efficient pump designs, increased use of variable displacement pumps, growth in mobile equipment applications, focus on reducing noise and vibrations, and expanding adoption of hydraulic pumps in heavy machinery.
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Top Players Leading the Hydraulic Pumps Industry
Several prominent companies dominate the hydraulic pumps landscape, including Daikin Industries Ltd., Dynamatic Technologies Limited, Eaton Corporation PLC, Parker Hannifin Corporation, Kawasaki Heavy Industries Ltd., Danfoss A/S, Atos Spa, Bosch Rexroth AG, Bucher Industries AG, KYB Corporation, Haldex Hydraulics Corporation, CIRCOR Pumps North America LLC, HAWE Hydraulik GmbH, Enerpac Tool Group LLC, Linde Hydraulics GmbH & Co. KG, Cessna Fluid Power LLC, CASAPPA S.p.A., Hydraulic Supply Company, Permco Inc., Oilgear Company, Cross Manufacturing Inc., Bailey International LLC, Bondioli & Pavesi S.p.A., HYDAC International GmbH, and Brevini Fluid Power S.p.A.
Significant Acquisition Expanding Market Reach
In October 2024, JOST Werke SE from Germany acquired Hyva III B.V. for US$ 398 million, marking a strategic move to broaden its position in the commercial vehicle sector. This acquisition provides JOST with access to Hyva's global hydraulic solutions portfolio, which includes tipping cylinders, container-lifting systems, waste-handling equipment, and various hydraulic assemblies. Hyva, a Netherlands-based firm renowned for its market leadership in hydraulic tipping cylinders and extensive global presence, will now enhance JOST's product range and worldwide footprint significantly.
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Emerging Trends Transforming the Hydraulic Pumps Market
Leading companies in the hydraulic pump sector are focusing on incorporating advanced control flow technologies to boost efficiency and profitability. Control systems manage fluid flow, pressure, and direction, enabling precise operation of hydraulic pumps. For example, in June 2023, US-based SPX Flow Inc. launched the PE60 Series hydraulic pump, designed for versatility and ease of use. This product features improved control technology, automatic cycling, extended operation time, and plug-and-play accessories. It is especially suited for high-pressure bolting tools across power generation, machinery maintenance, construction, and utilities. The pump includes a new hand control pendant aimed at operator comfort and fatigue reduction, and its platform is designed to adapt to various valves and controls without requiring a custom build, allowing users to tailor the pump to their exact specifications.
Key Segments Defining the Hydraulic Pumps Market
The global hydraulic pumps market is divided into distinct segments based on product types, applications, and end-user industries. The product types include gear pumps, vane pumps, piston pumps, and screw pumps. Applications are categorized into mobile and industrial uses, while end-user verticals cover construction, mining, agriculture, machinery, and automotive sectors.
Further segmentation breaks down product types into specific subcategories: gear pumps into external and internal gear pumps; vane pumps into fixed and variable displacement types; piston pumps into axial and radial piston pumps; and screw pumps into single screw and twin screw pumps, providing a detailed understanding of the market's diverse offerings.
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