What Does the Historical and Current Hydraulic Pumps Market Size Trend Indicate?
The hydraulic pumps market has seen considerable growth due to a variety of factors.
• The market size of hydraulic pumps has witnessed significant growth in the past few years. The market is predicted to expand from a value of $10.47 billion in 2024 to $11.05 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.6%.
The upward trend during the historic period can be credited to requisites from the automotive industry, the progress of construction and infrastructure, agricultural equipment, oil and gas exploration, and mining industry dynamics.
What Is The Projected Growth Of The Hydraulic Pumps Market?
The hydraulic pumps market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the hydraulic pumps market is predicted to witness robust growth, ballooning to $14.26 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%.
The robust growth anticipated during the forecast period can be ascribed to the proliferation of renewable energy projects, electrification evolutions, the advent of intelligent hydraulic systems, modernization of infrastructure and an emphasis on energy efficiency. Key trends expected to emerge during the forecast period incorporate the surge of electric hydraulic pumps, the amalgamation of IoT and data analytics, focus on industry 4.0 integration, escalated demand for variable displacement pumps, and heightened focus on sustainability.
What Factors Are Driving Growth In The Hydraulic Pumps Market?
The surge in construction work is propelling the growth of the hydraulic pumps market. These pumps are routinely employed in construction machinery like excavators, cranes, loaders, etc., to manage heavy loads, whether to push, pull or elevate them as part of daily activities. As construction work continues to rise worldwide, the demand for hydraulic pumps is expected to climb, given their crucial role in heavy lifting machinery. This prediction aligns with the U.S. Census Bureau report on construction expenditure in March 2022 which recorded that construction investment for the first three months of 2022 hit $376.6 billion, marking a 12.0% increase from $336.3 billion during the same period in 2021. Consequently, it is anticipated that the escalating trend in construction activities will further stimulate the demand for hydraulic pumps over the projected timeframe.
What Are The Principal Market Segments In The Global Hydraulic Pumps Healthcare Industry?
The hydraulic pumps market covered in this report is segmented –
1) By Product Type: Gear Pump, Vane Pump, Piston Pump, Screw Pump
2) By Application: Mobile Application, Industrial Application
3) By End User Vertical: Construction, Mining, Agriculture, Machinery, Automotive
Subsegments:
1) By Gear Pump: External Gear Pumps, Internal Gear Pumps
2) By Vane Pump: Fixed Displacement Vane Pumps, Variable Displacement Vane Pumps
3) By Piston Pump: Axial Piston Pumps, Radial Piston Pumps
4) By Screw Pump: Single Screw Pumps, Twin Screw Pumps
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Which Emerging Market Trends Are Altering The Hydraulic Pumps Market?
The enhancement of product development has emerged as a major trend influencing the hydraulic pump market. Various businesses within this sector are focusing on the creation of innovative and technologically advanced products to solidify their presence. As per a report by Grundfos from October 2024, one such example is a US-based tech company's release of an innovative SP 6-inch hydraulic pump. This product is engineered to boost energy efficiency and decrease operational expenses in areas like groundwater extraction and irrigation. With an advanced hydraulic design and pioneering motor technology, the pump smartly controls energy usage, resulting in significant savings. The sturdy structure of the pump promises long-lasting performance in harsh conditions, reflecting Grundfos's dedication to sustainable water management and environmental stewardship.
Who Are the Key Players in the Hydraulic Pumps Market?
Major companies operating in the hydraulic pumps market include:
• 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
• Perfection Hydraulics Inc.
• Cross Manufacturing Inc.
• Bailey International LLC
• Bondioli & Pavesi S.p.A.
• HYDAC International GmbH
• Brevini Fluid Power S.p.A.
What are the Regional Insights into the Hydraulic Pumps Market?
North America was the largest region in the hydraulic pumps market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
