North America Hydraulics Market Size, Share & Trends Analysis Report By End User, By Type (Mobile, and Industrial), By Component (Cylinder, Motor & Pumps, Transmission, Valves, Filters, Accumulators, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Hydraulics Market would witness market growth of 3.3% CAGR during the forecast period (2023-2030).
Safety remains a top priority in the hydraulics market. Innovations in hydraulic systems aim to enhance safety features, such as fail-safe mechanisms and redundant systems, to prevent accidents and ensure the reliability of critical applications. Increasing industrialization and infrastructure development in developing regions create new opportunities for hydraulic system providers.
Economic conditions, including GDP growth, industrial output, and infrastructure investments, directly impact the demand for hydraulic systems. Economic downturns may lead to a temporary slowdown in the market, while periods of growth stimulate increased investments in hydraulic technologies. Stringent environmental regulations and a growing emphasis on sustainability drive the development of eco-friendly hydraulic solutions. Manufacturers are adapting their products to comply with environmental standards and reduce the ecological footprint of hydraulic systems.
According to the National Institute of Standards and Technology, in 2021, manufacturing contributed $2.3 trillion to U.S. GDP, amounting to 12.0 % of total U.S. GDP. Including direct and indirect (i.e., purchases from other industries) value-added, manufacturing contributed an estimated 24 % of GDP. Hydraulic systems are integral to industrial machinery and equipment used in manufacturing processes. Machines such as presses, injection molding machines, and metal forming equipment rely on hydraulics to control force and motion precisely.
The US market dominated the North America Hydraulics Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,113.2 million by 2030. The Canada market is showcasing a CAGR of 3.8% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 4.3% during (2023 - 2030).
Based on End User, the market is segmented into Construction, Aerospace, Metal & Machinery Manufacturing, Mining, Material Handling, Agriculture, Marine, Oil & Gas, Automotive, and Others. Based on Type, the market is segmented into Mobile, and Industrial. Based on Component, the market is segmented into Cylinder, Motor & Pumps, Transmission, Valves, Filters, Accumulators, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Enerpac Tool Group Corp.
- The Danfoss Group
- HYDAC International GmbH
- Kawasaki Heavy Industries, Ltd.
- SMC Corporation
- Parker Hannifin Corporation
- Wipro Limited
- Caterpillar, Inc.
- Bosch Rexroth AG (Robert Bosch GmbH)
- KYB corporation
By End User
- Construction
- Aerospace
- Metal & Machinery Manufacturing
- Mining
- Material Handling
- Agriculture
- Marine
- Oil & Gas
- Automotive
- Others
- Mobile
- Industrial
- Cylinder
- Motor & Pumps
- Transmission
- Valves
- Filters
- Accumulators
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Hydraulics Market, by End User
- 1.4.2 North America Hydraulics Market, by Type
- 1.4.3 North America Hydraulics Market, by Component
- 1.4.4 North America Hydraulics Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2022
- 4.2 Strategies Deployed in Hydraulics Market
- 4.3 Porter’s Five Forces Analysis
- Chapter 5. North America Hydraulics Market by End User
- 5.1 North America Construction Market by Country
- 5.2 North America Aerospace Market by Country
- 5.3 North America Metal & Machinery Manufacturing Market by Country
- 5.4 North America Mining Market by Country
- 5.5 North America Material Handling Market by Country
- 5.6 North America Agriculture Market by Country
- 5.7 North America Marine Market by Country
- 5.8 North America Oil & Gas Market by Country
- 5.9 North America Automotive Market by Country
- 5.1 North America Others Market by Country
- Chapter 6. North America Hydraulics Market by Type
- 6.1 North America Mobile Market by Country
- 6.2 North America Industrial Market by Country
- Chapter 7. North America Hydraulics Market by Component
- 7.1 North America Cylinder Market by Country
- 7.2 North America Motor & Pumps Market by Country
- 7.3 North America Transmission Market by Country
- 7.4 North America Valves Market by Country
- 7.5 North America Filters Market by Country
- 7.6 North America Accumulators Market by Country
- 7.7 North America Others Market by Country
- Chapter 8. North America Hydraulics Market by Country
- 8.1 US Hydraulics Market
- 8.1.1 US Hydraulics Market by End User
- 8.1.2 US Hydraulics Market by Type
- 8.1.3 US Hydraulics Market by Component
- 8.2 Canada Hydraulics Market
- 8.2.1 Canada Hydraulics Market by End User
- 8.2.2 Canada Hydraulics Market by Type
- 8.2.3 Canada Hydraulics Market by Component
- 8.3 Mexico Hydraulics Market
- 8.3.1 Mexico Hydraulics Market by End User
- 8.3.2 Mexico Hydraulics Market by Type
- 8.3.3 Mexico Hydraulics Market by Component
- 8.4 Rest of North America Hydraulics Market
- 8.4.1 Rest of North America Hydraulics Market by End User
- 8.4.2 Rest of North America Hydraulics Market by Type
- 8.4.3 Rest of North America Hydraulics Market by Component
- Chapter 9. Company Profiles
- 9.1 Enerpac Tool Group Corp.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Product Launches and Product Expansions:
- 9.1.5.2 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 The Danfoss Group
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
- 9.3 HYDAC International GmbH
- 9.3.1 Company Overview
- 9.3.2 SWOT Analysis
- 9.4 Kawasaki Heavy Industries, Ltd.
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 SWOT Analysis
- 9.5 SMC Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Research & Development Expenses
- 9.5.4 Recent strategies and developments:
- 9.5.4.1 Product Launches and Product Expansions:
- 9.5.5 SWOT Analysis
- 9.6 Parker Hannifin Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.5.2 Acquisition and Mergers:
- 9.6.6 SWOT Analysis
- 9.7 Wipro Limited
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 SWOT Analysis
- 9.8 Caterpillar, Inc.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Acquisition and Mergers:
- 9.8.6 SWOT Analysis
- 9.9 Bosch Rexroth AG (Robert Bosch GmbH)
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expense
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Acquisition and Mergers:
- 9.9.6 SWOT Analysis
- 9.10. KYB Corporation
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 SWOT Analysis
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