Hydraulics Market by Product, Hydraulics Type, Distribution Channel, End User

List of Tables

[180 Pages Report] The Hydraulics Market size was estimated at USD 41.27 billion in 2023 and expected to reach USD 43.06 billion in 2024, at a CAGR 4.38% to reach USD 55.73 billion by 2030.

The hydraulics market encompasses the sales of hydraulic components and systems that utilize fluid power to perform work in various applications. The investments in infrastructure and construction projects globally fuel the demand for hydraulic machinery. The innovations in hydraulic technology, such as electro-hydraulic systems, contribute to increased efficiency and environmental compatibility. The need for high-productivity farming methods necessitates sophisticated hydraulic equipment in the agricultural sector. However, stricter environmental laws pushing for reduced emissions increase manufacturers' costs to comply, possibly restricting market growth. Economic downturns and fluctuations in end-use industries, such as mining and construction, can significantly impact demand for hydraulics solutions. Moreover, the ongoing research into new materials that are lighter, stronger, and more durable can enhance the performance and lifespan of hydraulic components. The development of eco-friendly hydraulic fluids and systems that minimize environmental impact and meet regulatory standards are possibly expected to generate growth potential in the market.

KEY MARKET STATISTICS
Base Year [2023]	USD 41.27 billion
Estimated Year [2024]	USD 43.06 billion
Forecast Year [2030]	USD 55.73 billion
CAGR (%)	4.38%

Product: Variety of hydraulic components with improved operational efficiency

Hydraulic accumulators are energy storage devices that are used to absorb shocks, provide additional fluid flow during demand peaks, and maintain system pressure. Hydraulic accumulators are essential in applications where the hydraulic shock is a concern or the system needs supplemental energy during peak loads. Hydraulic cylinders, also known as actuators, are mechanical devices that give a unidirectional force through a unidirectional stroke and are used in various applications, including construction equipment, manufacturing machinery, and civil engineering. Filters in hydraulic systems such as suction, pressure, return, and offline filtration are critical in removing contaminants from the fluid, which can lead to system inefficiencies or failure. The hydraulic motors are used to convert hydraulic energy into mechanical energy and are available in various designs, including gear, vane, and piston motors. Hydraulic pumps are crucial for supplying the fluid to the components in the hydraulic system and are selected based on the system's pressure requirements, flow rate needs, and efficiency. Hydraulic transmissions use hydraulic fluid to transfer power from the engine to the other parts of a vehicle or machinery. Hydraulic valves are preferred to control fluid flow within the hydraulic system, affecting the fluid's direction, pressure, and flow rate.

Hydraulics Type: Increasing adoption of mobile hydraulics for reliability

The industrial hydraulics are characterized by their application in stationary machinery within industrial settings. Industrial hydraulics systems are designed for high power and precision and often operate in continuous or semi-continuous cycles. Industries such as robotics require consistent and precise power control and significantly prefer industrial hydraulics for precise operational control. Mobile hydraulics are moving platforms such as agricultural machinery, construction equipment, and vehicles and are preferred for robustness & efficiency under dynamic conditions. Mobile hydraulics are preferred in vehicles and equipment such as cranes, excavators, tractors, and forklifts that require a reliable and flexible power source that can be used in different locations and for multiple tasks.

Distribution Channel: Improved distribution through aftermarket channel

The aftermarket channel refers to the distribution of spare parts, accessories, and components after the initial sale of the hydraulic equipment. The aftermarket channel serves the need to maintain, repair, and upgrade hydraulic systems already in use for cost advantages with third-party manufactured components. The OEM distribution channel pertains to the sale of hydraulic components that are integrated into new machinery and equipment. The OEM parts are usually tailor-made to fit specific machines and are typically branded by the machinery manufacturer.

End User: Diverse applications of hydraulics in oil & gas industry

The aerospace industry utilizes hydraulic systems for a variety of applications such as flight control surfaces, landing gear, and brake systems. Manufacturers typically prefer highly specialized, lightweight, and efficient systems capable of operating within stringent safety standards. Agricultural machinery requires hydraulic systems for functions such as steering, lifting, and operation of implements. In Agriculture, the preference is often for robust systems that can withstand exposure to the elements and heavy usage. Hydraulics in the automotive sector is mainly associated with production and assembly, including presses, lifts, and robotics. Hydraulics is essential for heavy equipment such as excavators, loaders, and cranes in the construction industry. Hydraulic systems need to be powerful and reliable for utilization in the construction sector under varying loads and temperature conditions. Conveyor systems, forklifts, and automated storage systems in material handling rely heavily on hydraulic systems for operation in the material handling, machinery manufacturing, and mining industries. Hydraulics in the oil and gas sector is critical for drilling rigs, offshore platforms, and refining applications and must be capable of withstanding high pressures and potentially explosive environments.

Regional Insights

In the Americas region, the United States stands significantly driving the hydraulics market, with a robust industrial and manufacturing base. The increased focus on automation and modernization drives the demand for advanced hydraulic systems in the Americas region. The European countries are strongly inclined towards energy-efficient and environmentally friendly hydraulic systems, driven by stringent regulations. The strong manufacturing sector, combined with technological advances, spur the demand for modern hydraulics in the EMEA region. The established oil and gas industry in Middle- East countries continues to necessitate high-grade hydraulic systems for operations and maintenance, driving the demand in the region. China, India, and Japan lead the market growth in the APAC region with its massive industrial growth, requiring extensive usage of hydraulic systems. The ongoing research and development initiatives are intensely supported by the APAC region's public and private sectors to foster innovation in the hydraulic industry.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Hydraulics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Hydraulics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Hydraulics Market, highlighting leading vendors and their innovative profiles. These include Atos Spa, Bosch Rexroth AG, Bucher Hydraulics, Caterpillar Inc., Danfoss Power Solutions, Dantal Hydraulics Pvt. Limited, Duplomatic Motion Solutions by Daikin Industries, Ltd., Eaton Corporation PLC, Emerson Electric Company, Fluitronics GmbH, JTEKT Corporation, Kawasaki Heavy Industries Ltd., Komatsu America Corp., KYB Corporation, Linamar Corporation, Moog Inc., Nachi-Fujikoshi Corp., Parker-Hannifin Corporation, Permco Inc., Rikenkiki. Co. Ltd., Salami SpA, Siemens AG, SMC Corporation, and Wipro Limited.

Market Segmentation & Coverage

This research report categorizes the Hydraulics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Hydraulic Accumulators
- Hydraulic Cylinder
- Hydraulic Filters
- Hydraulic Motors
- Hydraulic Pumps
- Hydraulic Valves

Hydraulics Type
- Industrial Hydraulics
- Mobile Hydraulics

Distribution Channel
- Aftermarket
- Original Equipment Manufacturer

End User
- Aerospace & Defense
- Agriculture
- Construction
- Manufacturing
- Marine
- Mining
- Oil & Gas

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Hydraulics Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Hydraulics Market?

3. What are the technology trends and regulatory frameworks in the Hydraulics Market?

4. What is the market share of the leading vendors in the Hydraulics Market?

5. Which modes and strategic moves are suitable for entering the Hydraulics Market?

Product Code: MRR-0D217D5AE1E4

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing need to achieve energy and operational efficiency in automobiles
  - 5.1.1.2. Investments in construction and manufacturing activities
  - 5.1.1.3. Incorporation of hydraulics in farming practices to accelerate agricultural production
- 5.1.2. Restraints
  - 5.1.2.1. Incidences of product recall of hydraulic systems
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing advancements to improve the functionality and performance of hydraulics
  - 5.1.3.2. Adoption of hydraulics in renewable energy systems
- 5.1.4. Challenges
  - 5.1.4.1. Technical limitations of hydraulics systems and sensitivity to environmental fluctuations
5.2. Market Segmentation Analysis
- 5.2.1. Product: Variety of hydraulic components with improved operational efficiency
- 5.2.2. Hydraulics Type: Increasing adoption of mobile hydraulics for reliability
- 5.2.3. Distribution Channel: Improved distribution through aftermarket channel
- 5.2.4. End User: Diverse applications of hydraulics in oil & gas industry
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Hydraulics Market, by Product

6.1. Introduction
6.2. Hydraulic Accumulators
6.3. Hydraulic Cylinder
6.4. Hydraulic Filters
6.5. Hydraulic Motors
6.6. Hydraulic Pumps
6.7. Hydraulic Valves

7. Hydraulics Market, by Hydraulics Type

7.1. Introduction
7.2. Industrial Hydraulics
7.3. Mobile Hydraulics

8. Hydraulics Market, by Distribution Channel

8.1. Introduction
8.2. Aftermarket
8.3. Original Equipment Manufacturer

9. Hydraulics Market, by End User

9.1. Introduction
9.2. Aerospace & Defense
9.3. Agriculture
9.4. Construction
9.5. Manufacturing
9.6. Marine
9.7. Mining
9.8. Oil & Gas

10. Americas Hydraulics Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Hydraulics Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Hydraulics Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Normet Enters Into A New Market By Launching Normet Xrock, A Line Of Hydraulic Breakers, Pedestal Breaker Booms, And Boom Automation System Xrock Automation
- 13.3.2. Bosch Rexroth's New Hydraulics Training Center Invests In Hydraulics Education
- 13.3.3. Motherson Enters into Agreement to Fully Acquire Rollon Hydraulics
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio