Hydraulic Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global hydraulic pump market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.48% during 2023-2028.
Hydraulic pumps are equipment that convert mechanical power into hydrostatic energy. They can be powered by motors running on gasoline, diesel, natural gas, or electricity. Hydraulic pumps generate a strong flow with enough power to overcome the pressure induced by the load present at the pump outlet. This, in turn, creates a vacuum at the pump inlet, forcing liquid from the reservoir into the inlet line, and through a mechanical action, it delivers this fluid to the hydraulic system. Hydraulic pumps are energy-efficient, offer better control, utilize minimum energy to propel a large amount of liquid, and require low maintenance. Based on these properties, they are extensively used in power transmission systems, injection molding machines, material handling, conveyors, lifts, and steel miles.
Hydraulic Pump Market Trends:
The ongoing construction and mining activities across the globe and the increasing need for low-maintenance mechanical devices that can reach high-pressure levels are majorly driving the market growth. Hydraulic pumps are used in brick molding machines to minimize labor costs and manual efforts. In line with this, the rising environmental concerns have prompted governments of several countries to promote the uptake of eco-friendly devices, such as hydraulic pumps, to reduce greenhouse gas (GHG) emissions, which is acting as another growth-inducing factor. The surging product demand can also be attributed to the increasing need to generate renewable energy, especially by updating the existing hydraulic systems, and growing consumer awareness regarding power conservation. Additionally, the extensive utilization of hydraulic pumps in automobiles to support the vehicle weight, provide a smoother ride, and feed the torque converter and transmission cooler is impelling the market growth. Other factors, such as the rising product employment in the wastewater infrastructure to remove logged water and strategic collaborations amongst key players to enhance product efficacy, are positively stimulating the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydraulic pump market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, pressure range, application and end user.
Breakup by Product Type:
Gear Pump
Vane Pump
Piston Pump
Breakup by Pressure Range:
Up to 600 psi
601 psi–1000 psi
More than 1000 psi
Breakup by Application:
Mobile Application
Industrial Application
Breakup by End User:
Construction
Mining
Agriculture
Machinery
Oil and Gas
Chemicals and Petrochemicals
Automotive
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 Bailey International LLC, Bosch Rexroth AG (Robert Bosch GmbH), Bucher Industries AG, Danfoss A/S, Dynamatic Technologies Limited, Enerpac Tool Group, HAWE Hydraulik SE, HYDAC INTERNATIONAL GmbH, Kawasaki Heavy Industries Ltd., Linde Hydraulics GmbH & Co. KG (Weichai Power Co. Ltd.), Moog Inc. and Parker Hannifin Corporation.
Key Questions Answered in This Report
1. What was the size of the global hydraulic pump market in 2022?
2. What is the expected growth rate of the global hydraulic pump market during 2023-2028?
3. What are the key factors driving the global hydraulic pump market?
4. What has been the impact of COVID-19 on the global hydraulic pump market?
5. What is the breakup of the global hydraulic pump market based on the product type?
6. What is the breakup of the global hydraulic pump market based on the end user?
7. What are the key regions in the global hydraulic pump market?
8. Who are the key players/companies in the global hydraulic pump market?
- 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 Pump Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Product Type
- 6.1 Gear Pump
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Vane Pump
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Piston Pump
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by Pressure Range
- 7.1 Up to 600 psi
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 601 psi–1000 psi
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 More than 1000 psi
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Application
- 8.1 Mobile Application
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Industrial Application
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by End User
- 9.1 Construction
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Mining
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Agriculture
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Machinery
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Oil and Gas
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Chemicals and Petrochemicals
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Automotive
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Bailey International LLC
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Bosch Rexroth AG (Robert Bosch GmbH)
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 SWOT Analysis
- 15.3.3 Bucher Industries AG
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.4 Danfoss A/S
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 SWOT Analysis
- 15.3.5 Dynamatic Technologies Limited
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 Enerpac Tool Group
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.7 HAWE Hydraulik SE
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 HYDAC INTERNATIONAL GmbH
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Kawasaki Heavy Industries Ltd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Linde Hydraulics GmbH & Co. KG (Weichai Power Co. Ltd.)
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Moog Inc.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Parker Hannifin Corporation
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook