Hydraulic Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Hydraulic Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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?