Future of the Hydraulic Pumps Market: Insights, Developments, and Strategic Overview


 For those planning market entry or expansion, this report lays out critical data and expert analysis on the hydraulic pumps industry landscape.

How Much Is The Hydraulic Pumps Market Worth?
The hydraulic pumps market size has grown steadily in recent years. It will grow from $10.47 billion in 2024 to $10.87 billion in 2025 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to automotive industry demand, construction and infrastructure development, agricultural machinery, oil and gas exploration, mining industry dynamics.

The hydraulic pumps market size is expected to see strong growth in the next few years. It will grow to $13.78 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rise in renewable energy projects, electrification trends, smart hydraulic systems, infrastructure modernization, focus on energy efficiency. Major trends in the forecast period include rise of electric hydraulic pumps, integration of IoT and data analytics, focus on industry 4.0 integration, growing demand for variable displacement pumps, increased emphasis on sustainability.

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What Are The Current Leading Growth Drivers For Hydraulic Pumps Market?
The increase in construction activities is driving the hydraulic pumps market. Hydraulic pumps are widely used in construction equipment such as excavators, cranes, loaders, and other machinery to pull, push or lift heavy loads in day-to-day operational activities. An increase in construction activities across the globe is expected to boost increased demand for hydraulic pumps, as they are primary components in heavy lifting equipment. According to the U.S. Census Bureau report on monthly construction spending in March 2022, the construction investment reached $376.6 billion in the first three months of 2022, which showed a 12.0% increase from $336.3 billion at the same time in 2021. Therefore, the rising construction activities are expected to boost demand for hydraulic pumps during the forecast period.

Which Segment Accounted For The Largest Hydraulic Pumps Market Share?
The hydraulic pumpsmarket covered in this report is segmented –

1) By Product Type: Gear Pump, Vane Pump, Piston Pump, Screw Pump
2) By Application: Mobile Application, Industrial Application
3) By End User Vertical: Construction, Mining, Agriculture, Machinery, Automotive

Subsegments:
1) By Gear Pump: External Gear Pumps, Internal Gear Pumps
2) By Vane Pump: Fixed Displacement Vane Pumps, Variable Displacement Vane Pumps
3) By Piston Pump: Axial Piston Pumps, Radial Piston Pumps
4) By Screw Pump: Single Screw Pumps, Twin Screw Pumps

Hydraulic Pumps Market Future Trends
Product innovation is a key trend gaining popularity in the hydraulic pump market. Many companies operating in the hydraulic pump market are developing innovative products with advanced technologies to strengthen their position in the hydraulic pump market. For instance, in October 2024, according to a report published by Grundfos, a US-based technology company launched a new SP 6-inch hydraulic pump, designed to enhance energy efficiency and reduce operational costs for applications such as groundwater extraction and irrigation. Featuring an advanced hydraulic design and innovative motor technology, the pump optimizes energy consumption through a smart control system, leading to substantial savings. Its robust construction ensures durability in demanding environments, reinforcing Grundfos's commitment to sustainable water management and environmental responsibility.

Which Are The Top Companies To Hold The Market Share In Hydraulic Pumps Market?
Major companies operating in the hydraulic pumps market include Daikin Industries Ltd., Dynamatic Technologies Limited, Eaton Corporation PLC, Parker Hannifin Corporation, Kawasaki Heavy Industries Ltd., Danfoss A/S, Atos Spa, Bosch Rexroth AG, Bucher Industries AG, KYB Corporation, Haldex Hydraulics Corporation, CIRCOR Pumps North America LLC, HAWE Hydraulik GmbH, Enerpac Tool Group LLC, Linde Hydraulics GmbH & Co. KG, Cessna Fluid Power LLC, CASAPPA S.p.A., Hydraulic Supply Company, Permco Inc., Oilgear Company, Perfection Hydraulics Inc., Cross Manufacturing Inc., Bailey International LLC, Bondioli & Pavesi S.p.A., HYDAC International GmbH, Brevini Fluid Power S.p.A.

View the full hydraulic pumps market report here:
https://www.thebusinessresearchcompany.com/report/hydraulic-pumps-global-market-report

Which Region Is Projected To Account For The Largest Share Of The Hydraulic Pumps Market?
North America was the largest region in the hydraulic pumps market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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