PUBLISHER: IMARC | PRODUCT CODE: 1370415
PUBLISHER: IMARC | PRODUCT CODE: 1370415
Hydraulic Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
Market Overview:
The global hydraulic motors market size reached US$ 11.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.
Hydraulic motors refer to mechanical actuators that are powered by pressurized hydraulic fluid for converting hydrostatic energy into mechanical energy. They operate by pushing pistons, vanes, or gears attached with a crankshaft to generate torque and rotation. They offer low sensitivity to oil pollution, large rotational property, easy controllability, flexibility, and accuracy at lower costs on account of which they are utilized in mixers, self-driven cranes, rollers, drilling rigs, excavators, and conveyors. At present, hydraulic motors are broadly categorized into two varying types, including gear and vane hydraulic motors. Amongst these, gear motors are high-speed motors, whereas hydraulic vane motors are low-speed motors that operate at lower noise levels.
Hydraulic Motors Market Trends:
The widespread adoption of hydraulic motors across various industrial verticals, such as petrochemicals, aerospace, chemical, marine, and oil and gas on account of the increasing demand for efficient wheel loaders and hydraulic motors for optimizing manufacturing processes is acting as one of the major factors driving the market toward growth. In line with this, significant technological advancements, along with the widespread adoption of innovative approaches by manufacturers for maximizing outputs, while lowering overheads is acting as another growth-inducing factor. This is further supported by the favorable initiatives undertaken by the governments of various countries for strengthening industrial infrastructure. This, in turn, aids in minimizing the operational costs and capital expenditure, which is contributing to the market growth. Additionally, the extensive utilization of hydraulic motors in on-shore and off-shore oil exploration activities, along with its deployment in the agriculture sector in hydrostatically powered wheel motors, are propelling the market growth. Apart from this, the escalating construction activities and high infrastructural development across the globe are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydraulic motors market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, speed and application.
Breakup by Type:
Hydraulic Gear Motor
Gear Motor
Epicyclic Gear Motor
Vane Motor
Piston Motor
Radial Piston Motor
Axial Piston Motor
Breakup by Speed:
Low-Speed (<500 Rpm)
High-Speed (>500 Rpm)
Breakup by Application:
Off-Road
Construction Machinery
Agricultural Machinery
Mining Machinery
Industrial
Manufacturing
Marine
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bezares SA, Bosch Rexforth AG (Robert Bosch GmbH), Bucher Hydraulics GmbH (Bucher Industries AG), Danfoss A/S, Eaton Corporation PLC, Hydro Leduc, Kawasaki Heavy Industries Ltd., M + S Hydraulic PLC, Maha Hydraulics Private Limited, Mitsubishi Heavy Industries Ltd., Parker-Hannifin Corporation, Permco Inc., Rotary Power and VELJAN Hydrair Private Ltd.
Key Questions Answered in This Report
- 1. How big is the global hydraulic motors market?
- 2. What is the expected growth rate of the global hydraulic motors market during 2023-2028?
- 3. What are the key factors driving the global hydraulic motors market?
- 4. What has been the impact of COVID-19 on the global hydraulic motors market?
- 5. What is the breakup of the global hydraulic motors market based on the type?
- 6. What is the breakup of the global hydraulic motors market based on the speed?
- 7. What is the breakup of the global hydraulic motors market based on the application?
- 8. What are the key regions in the global hydraulic motors market?
- 9. Who are the key players/companies in the global hydraulic motors market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Hydraulic Motors Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Hydraulic Gear Motor
- 6.1.1 Market Trends
- 6.1.2 Major Segments
- 6.1.2.1 Gear Motor
- 6.1.2.2 Epicyclic Gear Motor
- 6.1.3 Market Forecast
- 6.2 Vane Motor
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Piston Motor
- 6.3.1 Market Trends
- 6.3.2 Major Segments
- 6.3.2.1 Radial Piston Motor
- 6.3.2.2 Axial Piston Motor
- 6.3.3 Market Forecast
7 Market Breakup by Speed
- 7.1 Low-Speed (<500 Rpm)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 High-Speed (>500 Rpm)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Off-Road
- 8.1.1 Market Trends
- 8.1.2 Major Segments
- 8.1.2.1 Construction Machinery
- 8.1.2.2 Agricultural Machinery
- 8.1.2.3 Mining Machinery
- 8.1.3 Market Forecast
- 8.2 Industrial
- 8.2.1 Market Trends
- 8.2.2 Major Segments
- 8.2.2.1 Manufacturing
- 8.2.2.2 Marine
- 8.2.3 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Bezares SA
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Bosch Rexforth AG (Robert Bosch GmbH)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 SWOT Analysis
- 14.3.3 Bucher Hydraulics GmbH (Bucher Industries AG)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Danfoss A/S
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 SWOT Analysis
- 14.3.5 Eaton Corporation PLC
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Hydro Leduc
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Kawasaki Heavy Industries Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 M + S Hydraulic PLC
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Maha Hydraulics Private Limited
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Mitsubishi Heavy Industries Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Parker-Hannifin Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Permco Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13 Rotary Power
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.14 VELJAN Hydrair Private Ltd.
- 14.3.14.1 Company Overview
- 14.3.14.2 Product Portfolio
- 14.3.1 Bezares SA
List of Figures
- Figure 1: Global: Hydraulic Motors Market: Major Drivers and Challenges
- Figure 2: Global: Hydraulic Motors Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Hydraulic Motors Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Hydraulic Motors Market: Breakup by Type (in %), 2022
- Figure 5: Global: Hydraulic Motors Market: Breakup by Speed (in %), 2022
- Figure 6: Global: Hydraulic Motors Market: Breakup by Application (in %), 2022
- Figure 7: Global: Hydraulic Motors Market: Breakup by Region (in %), 2022
- Figure 8: Global: Hydraulic Motors (Hydraulic Gear Motor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Hydraulic Motors (Hydraulic Gear Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Hydraulic Motors (Vane Motor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Hydraulic Motors (Vane Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Hydraulic Motors (Piston Motor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Hydraulic Motors (Piston Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Hydraulic Motors (Low-Speed (<500 Rpm)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Hydraulic Motors (Low-Speed (<500 Rpm)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Hydraulic Motors (High-Speed (>500 Rpm)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Hydraulic Motors (High-Speed (>500 Rpm)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Hydraulic Motors (Off-Road) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Hydraulic Motors (Off-Road) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Hydraulic Motors (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Hydraulic Motors (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: North America: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: North America: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: United States: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: United States: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Canada: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Canada: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Asia-Pacific: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Asia-Pacific: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: China: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: China: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Japan: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Japan: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: India: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: India: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: South Korea: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: South Korea: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Australia: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Australia: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Indonesia: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Indonesia: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Others: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Others: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Europe: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Europe: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Germany: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Germany: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: France: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: France: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: United Kingdom: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: United Kingdom: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Italy: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Italy: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Spain: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Spain: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Russia: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Russia: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Others: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Others: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Latin America: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Latin America: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Brazil: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Brazil: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Mexico: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Mexico: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Middle East and Africa: Hydraulic Motors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Middle East and Africa: Hydraulic Motors Market: Breakup by Country (in %), 2022
- Figure 70: Middle East and Africa: Hydraulic Motors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Global: Hydraulic Motors Industry: SWOT Analysis
- Figure 72: Global: Hydraulic Motors Industry: Value Chain Analysis
- Figure 73: Global: Hydraulic Motors Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Hydraulic Motors Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Hydraulic Motors Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Hydraulic Motors Market Forecast: Breakup by Speed (in Million US$), 2023-2028
- Table 4: Global: Hydraulic Motors Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Hydraulic Motors Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Hydraulic Motors Market: Competitive Structure
- Table 7: Global: Hydraulic Motors Market: Key Players
