MarkWide Research

Sale!

Hydraulic Pumps Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Hydraulic Pumps Market
1. Hydraulic Pumps Market: Introduction
1 Hydraulic Pumps Market Introduction

A hydraulic pump is a mechanical device that converts mechanical energy into hydraulic energy. It is used in a variety of applications, including construction, manufacturing, and agriculture. Hydraulic pumps are classified according to their principle of operation. The most common types of hydraulic pumps are positive displacement pumps and centrifugal pumps.

Positive displacement pumps are classified into reciprocating and rotary types. Reciprocating pumps use a piston to move fluid through a cylinder. Rotary pumps use a rotating element, such as a gear or vane, to move fluid. Centrifugal pumps use a rotating impeller to draw fluid into the pump and then expel it at high pressure.

Hydraulic pumps are used in a variety of applications, such as construction, manufacturing, and agriculture. In construction, hydraulic pumps are used to power excavators, concrete mixers, and other heavy equipment. In manufacturing, hydraulic pumps are used to power presses, lifts, and other machinery. In agriculture, hydraulic pumps are used in tractors, combines, and other farm equipment.

The global hydraulic pumps market is expected to grow at a CAGR of 4.5% from 2019 to 2024. The market is driven by the increasing demand for hydraulic pumps in construction, manufacturing, and agriculture. The rising demand for construction equipment in Asia-Pacific and the Middle East is expected to drive the demand for hydraulic pumps in these regions.

The major players in the hydraulic pumps market are Bosch Rexroth, Parker Hannifin, Eaton, and Danfoss.

2. Hydraulic Pumps Market: Market Size
The global hydraulic pumps market is expected to reach USD 12.8 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for energy-efficient and compact hydraulic pumps is expected to fuel the market growth over the forecast period.

The construction industry is anticipated to be the largest end-use sector for hydraulic pumps due to the increasing infrastructure development activities across the globe. The automotive & transportation industry is also expected to witness significant growth over the forecast period on account of the increasing demand for electric vehicles.

The Asia Pacific region is expected to be the largest market for hydraulic pumps due to the growing construction and automotive industries in the region. The region is also expected to witness the highest growth over the forecast period on account of the growing demand for energy-efficient hydraulic pumps.

Some of the key players in the hydraulic pumps market include Parker Hannifin Corporation, Eaton Corporation, Danfoss A/S, and Bosch Rexroth AG.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of

1. Key market segments and sub-segments

2. Evolving market trends and dynamics

3. Changing supply and demand scenarios

4. Quantifying market opportunities through market sizing and market forecasting

5. Tracking current trends/opportunities/challenges

6. Competitive insights

7. Opportunity mapping in terms of technological breakthroughs

Global Hydraulic Pumps Market: Market Segmentation

The global hydraulic pumps market is segmented on the basis of type, application, and geography.

Hydraulic Pumps Market By Type

1. Piston Pumps

2. Vane Pumps

3. Gear Pumps

4. Screw Pumps

5. Others

Hydraulic Pumps Market By Application

1. Construction

2. Automotive & Transportation

3. Manufacturing

4. Oil & Gas

5. Mining

6. Agriculture

7. Others

Hydraulic Pumps Market By Geography

1. North America

2. Europe

3. Asia Pacific

4.

3. Hydraulic Pumps Market: Market Segmentation
The global hydraulic pumps market is segmented based on product type, application, and geography.

Product Type:

The global hydraulic pumps market is segmented based on product type into vane, gear, piston, and screw. The vane pump segment is projected to grow at the highest CAGR during the forecast period. The high growth of this segment can be attributed to the increasing demand for vane pumps from the construction and agriculture sectors.

Application:

The global hydraulic pumps market is segmented based on application into construction, agriculture, manufacturing, transportation, and others. The construction segment is projected to grow at the highest CAGR during the forecast period. The high growth of this segment is attributed to the increasing demand for hydraulic pumps in construction machinery such as excavators and bulldozers.

Geography:

The global hydraulic pumps market is segmented based on geography into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is projected to be the fastest-growing market during the forecast period. The high growth of the Asia-Pacific market is attributed to the increasing demand for hydraulic pumps from the construction, agriculture, and manufacturing sectors in the region.

Some of the key players in the global hydraulic pumps market are Eaton (Ireland), Parker Hannifin (US), Bosch Rexroth (Germany), Danfoss (Denmark), and Hydac (Germany).

4. Hydraulic Pumps Market: Market Growth Drivers
The global hydraulic pumps market is expected to grow at a CAGR of 5.5% during the forecast period to reach a market size of USD 27.1 billion by 2025 from an estimated USD 20.5 billion in 2019. The growth of this market is mainly driven by the growing demand for hydraulic pumps from the construction and mining industries.

The construction industry is one of the major end-users of hydraulic pumps. The increasing investments in the construction sector, especially in the emerging economies, are expected to drive the demand for hydraulic pumps in the coming years. The growing demand for excavators, loaders, and other construction equipment is also expected to fuel the growth of the hydraulic pumps market.

The mining industry is another major end-user of hydraulic pumps. The increasing demand for coal and other minerals is expected to drive the growth of the hydraulic pumps market in the coming years. The growing demand for mining equipment such as excavators and loaders is also expected to fuel the growth of the hydraulic pumps market.

The oil & gas industry is another major end-user of hydraulic pumps. The increasing demand for oil and gas is expected to drive the growth of the hydraulic pumps market in the coming years. The growing demand for oil & gas exploration and production activities is also expected to fuel the growth of the hydraulic pumps market.

The growing demand for energy-efficient hydraulic pumps is one of the major trends in the hydraulic pumps market. The traditional hydraulic pumps consume a lot of energy and are not very efficient. The new generation of hydraulic pumps is more efficient and consumes less energy. This is expected to drive the growth of the hydraulic pumps market in the coming years.

The increasing adoption of electric hydraulic pumps is another major trend in the hydraulic pumps market. Electric hydraulic pumps are more efficient and have a longer lifespan than traditional hydraulic pumps. This is expected to drive the growth of the hydraulic pumps market in the coming years.

The growing demand for highly reliable hydraulic pumps is another major trend in the hydraulic pumps market. Hydraulic pumps are used in a wide range of applications where reliability is of utmost importance. This is expected to drive the growth of the hydraulic pumps market in the coming years.

5. Hydraulic Pumps Market: Market Challenges
1. Increasing raw material prices: One of the major challenges faced by the hydraulic pumps market is the increasing raw material prices. This is due to the increase in the prices of metals and other materials used in the manufacturing of hydraulic pumps. This is likely to increase the overall cost of production and may negatively impact the profit margins of manufacturers.

2. Stringent environmental regulations: Another challenge faced by the hydraulic pumps market is the stringent environmental regulations. These regulations are imposed by various governments in order to control the emission of greenhouse gases and other pollutants. This is likely to hamper the growth of the hydraulic pumps market as manufacturers need to invest in compliance with these regulations.

3. High competition: The hydraulic pumps market is highly competitive with a large number of players operating in it. This intensifies the competition and makes it difficult for new players to enter the market. Moreover, the existing players are constantly striving to gain a competitive edge over their rivals by innovating and introducing new products.

4. Difficulty in sourcing raw materials: Another challenge faced by the hydraulic pumps market is the difficulty in sourcing raw materials. This is because the raw materials used in the manufacturing of hydraulic pumps are not easily available. This may lead to delays in production and may adversely impact the growth of the market.

5. Fluctuations in currency exchange rates: Another challenge faced by the hydraulic pumps market is the fluctuations in currency exchange rates. This is because the market is highly dependent on imported raw materials. These raw materials are priced in foreign currency and any fluctuation in the exchange rate can impact the cost of production.

6. Hydraulic Pumps Market: Market Opportunities
The global hydraulic pumps market is expected to grow at a CAGR of 4.5% during the forecast period from 2019 to 2025. The major factors driving the growth of the market are the increasing demand for construction equipment, rising demand for agricultural equipment, and growing demand for automotive applications.

The construction equipment segment is expected to grow at the highest CAGR during the forecast period. The demand for construction equipment is increasing due to the growing construction industry across the globe. The agricultural equipment segment is expected to grow at the second-highest CAGR during the forecast period. The demand for agricultural equipment is growing due to the increasing mechanization of farms and the need for high efficiency.

The automotive segment is expected to grow at a moderate CAGR during the forecast period. The automotive industry is one of the major consumers of hydraulic pumps. The automotive applications of hydraulic pumps include power steering, brakes, and suspension.

The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The demand for hydraulic pumps in the Asia-Pacific region is growing due to the increasing industrialization and urbanization. The region has a large number of construction projects and a growing automotive industry.

The major players in the global hydraulic pumps market are Bosch Rexroth AG (Germany), Eaton Corporation plc (Ireland), Danfoss A/S (Denmark), Parker Hannifin Corporation (US), and Kawasaki Heavy Industries, Ltd. (Japan).

7. Hydraulic Pumps Market: Market Future Outlook
The future of the hydraulic pumps market looks promising with opportunities in the construction, automotive, and manufacturing industries. The global hydraulic pumps market is expected to grow from $5.5 billion in 2020 to $6.5 billion by 2025, at a compound annual growth rate (CAGR) of 3.7%. The construction industry is the largest end-use market for hydraulic pumps and is expected to grow at the highest CAGR during the forecast period.

The automotive industry is the second-largest end-use market for hydraulic pumps and is expected to grow at a CAGR of 3.6% from 2020 to 2025. The manufacturing industry is the third-largest end-use market for hydraulic pumps and is expected to grow at a CAGR of 3.1% from 2020 to 2025.

The construction industry is the largest end-use market for hydraulic pumps, accounting for more than 50.0% of the global hydraulic pumps market in 2020. The automotive industry is the second-largest end-use market for hydraulic pumps, accounting for more than 30.0% of the global hydraulic pumps market in 2020. The manufacturing industry is the third-largest end-use market for hydraulic pumps, accounting for more than 15.0% of the global hydraulic pumps market in 2020.

The Asia-Pacific region is the largest market for hydraulic pumps, accounting for more than 50.0% of the global hydraulic pumps market in 2020. The North American region is the second-largest market for hydraulic pumps, accounting for more than 25.0% of the global hydraulic pumps market in 2020. The European region is the third-largest market for hydraulic pumps, accounting for more than 15.0% of the global hydraulic pumps market in 2020.

The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The North American and European regions are expected to grow at a CAGR of 2.9% and 2.8%, respectively, during the forecast period.

The construction industry is the largest end-use market for hydraulic pumps and is expected to grow at the highest CAGR during the forecast period. The automotive industry is the second-largest

8. Hydraulic Pumps Market: Key Players
The global hydraulic pumps market is expected to grow at a CAGR of 4.5% from 2018 to 2023. The market is driven by the growing demand for hydraulic pumps from the construction and mining equipment, and automotive sectors. The Asia-Pacific is the largest market for hydraulic pumps, followed by North America and Europe.

The construction and mining equipment sector is the largest end-user of hydraulic pumps. This sector is expected to grow at a CAGR of 5.0% from 2018 to 2023. The automotive sector is the second-largest end-user of hydraulic pumps and is expected to grow at a CAGR of 4.0% during the forecast period.

The key players in the hydraulic pumps market are Bosch Rexroth (Germany), Eaton (Ireland), Parker Hannifin (US), Danfoss (Denmark), and Hydac (Germany). These players have a strong presence in the Asia-Pacific and North American regions.

Key Players Covered:

 Some of the major companies in the hydraulic pump market include Actuant Corporation, Bailey International LLC, Bosch Rexroth India Limited, Bondioli&Pavesi, Bucher Hydraulics, Casappa S.p.A., Toshiba Machine Pvt.Ltd.,Dynamatic Technologies Limited, Danfoss, Parker Hannifin, HAWE Hydarulik, Linde Hydraulics, and Hydac International GmbH.

Segmentation

 

 ATTRIBUTES

 

 DETAILS
 

 By Type

 

 

    • Piston Pumps
    • Gear Pumps
    • Vane Pumps
    • Others
 

 By Application

 

 

    • Construction
    • Oil and Gas
    • Mining
    • Agriculture
    • Automotive
    • Others
 

 

By Geography

 

 

    • North America (U.S. and Canada)
    • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
    • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
    • Latin America (Brazil, Mexico and Rest of Latin America)
    • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
 

 By Type

 

 

    • Piston Pumps
    • Gear Pumps
    • Vane Pumps
    • Others
 

 By Application

 

 

    • Construction
    • Oil and Gas
    • Mining
    • Agriculture
    • Automotive
    • Others

Actuant Corporation, Bailey International LLC, Bosch Rexroth India Limited, Bondioli&Pavesi, Bucher Hydraulics, Casappa S.p.A., Toshiba Machine Pvt.Ltd.,Dynamatic Technologies Limited, Danfoss, Parker Hannifin, HAWE Hydarulik, Linde Hydraulics, and Hydac International GmbH.

Why Choose MWR

Quality Research

Our goal is to provide high-quality data that stimulates growth and creates a win-win situations

Unlimited User Access 

We offer Corporate User license access on all our reports in which you can share the report with your entire team without any restrictions

Free Company Inclusion 

We give you an option to include 3-4 additional company players of your choice in our report without any extra charges

Post Sale Assistance

Unlimited post sales service with an account manager dedicated to making sure that all your needs are met

Covid-19 Impact Analysis

All our research report includes latest Covid-19 Impact and its analysis

Download Free Sample PDF

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 424 360 2221

24/7 Customer Support

Download Free Sample PDF