Hydraulic Components: Global Strategic Business Report

Report
397 Pages
April 2024
Region: Global
Global Industry Analysts, Inc
ID: 362120

Global Hydraulic Components Market to Reach $112.8 Billion by 2030

The global market for Hydraulic Components estimated at US$65 Billion in the year 2022, is projected to reach a revised size of US$112.8 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030. Pumps & Motors, one of the segments analyzed in the report, is projected to record 8.2% CAGR and reach US$53 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Valves segment is readjusted to a revised 6.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $17.7 Billion, While China is Forecast to Grow at 11.4% CAGR

The Hydraulic Components market in the U.S. is estimated at US$17.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$25.9 Billion by the year 2030 trailing a CAGR of 11.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Select Competitors (Total 289 Featured) -

Atos Spa
Bailey International LLC
Bosch Rexroth AG
Crane Aerospace & Electronics, Inc.
Daikin Industries Ltd.
Eaton Corporation
Kawasaki Heavy Industries Ltd.
KYB Co., Ltd.
Linde Hydraulics GmbH & Co. KG
Nabtesco Corporation
Nachi-Fujikoshi Corp.
Parker Hannifin Corporation
Tokyo Keiki, Inc.
Weber-Hydraulik GmbH
Wipro Infrastructure Engineering Ltd.
Yuken Kogyo Co., Ltd.

What's New?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Ubiquity of Fluid Power in Modern Engineering: The Cornerstone for Growth of Hydraulic Components
Recent Market Activity
A Peek Into the State of Competitive Affairs
With Global GDP Now Plateauing, It is a Mixed Bag of Opportunities & Challenges for the Hydraulics Market
Energy Efficacy is No Longer a Concept Alien to Hydraulics, In-fact it is the New Buzzword for Future Growth in the Market
Market Outlook
Hydraulic Components - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Atos Spa (Italy)
Bailey International LLC (USA)
Bosch Rexroth AG (Germany)
Bucher Hydraulics GmbH (Germany)
Danfoss Power Solutions (USA)
Eaton Corporation (USA)
Enerpac Corp (USA)
HAWE Hydraulik SE (Germany)
Hengli Group (China)
HYDAC (Germany)
Hydratech Industries (Denmark)
Kawasaki Heavy Industries Ltd. (Japan)
KYB Co., Ltd. (Japan)
Liebherr Group (Switzerland)
Linde Hydraulics GmbH & Co. KG (Germany)
Nabtesco Corporation (Japan)
Nachi-Fujikoshi Corp. (Japan)
Pacoma GmbH (Germany)
Parker Hannifin Corporation (USA)
Tokyo Keiki, Inc. (Japan)
Weber-Hydraulik GmbH (Germany)
Wipro Infrastructure Engineering Ltd. (India)
Yuken Kogyo Co., Ltd. (Japan)

3. MARKET TRENDS & DRIVERS

Energy Efficiency Benefits of Innovative Hydraulic Fluid Formulation & Additives to Spur Growth in the Market
Industrial Automation & Robotics and the Ensuing Demand for Motion and Control Technologies Drives Baseline Growth for Hydraulic Components in the Industrial Sector
Stable Market for Machine Tools Promises Ample Business Opportunity for Hydraulic Components
Growing Focus on Predictive Maintenance of Hydraulic Equipment/Systems & the Ensuing Increase in Parts Replacement to Benefit Demand for Hydraulic Components
Wild Oil Prices Bring the Pain Back to the O&G Industry but Spurs the Emphasis on Productivity, Capital Efficiency & Ability to Break-Even at the Lowest Price
The Fracking Revolution & Robust Outlook for Shale Gas & Oil Production to Benefit Market Growth
Sustained Recovery in Construction Activity Creates Healthy Opportunities for Construction Machinery Hydraulics
Uncertainties Resurface After Two Years of Recovery in the Mining Industry, Throwing Hydraulic Components for Mining Equipment Back Into Stress
Strong Demand for Agricultural Equipment in Industrializing Nations to Drive Opportunities for Mobile Hydraulics
Electro-Hydraulic Automation, An All Consuming Design Theme Among Equipment Manufacturers
Changing Engineering Design Trends Opens New Growth Avenues for Aircraft & Vehicle Hydraulics
Growing Preference for Hydraulic Elevators, as Against Traction & Electric Elevators, to Benefit Demand for Hydraulic Components
Offshore Outsourcing of Hydraulic Components: A Key Manufacturing Trend
Water-Based Hydraulic Systems Grow in Popularity
Hydraulic Filters to Witness Growth

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Hydraulic Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 2: World Historic Review for Hydraulic Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 3: World 16-Year Perspective for Hydraulic Components by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
Table 4: World Recent Past, Current & Future Analysis for Pumps & Motors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 5: World Historic Review for Pumps & Motors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 6: World 16-Year Perspective for Pumps & Motors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 7: World Recent Past, Current & Future Analysis for Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 8: World Historic Review for Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 9: World 16-Year Perspective for Valves by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 10: World Recent Past, Current & Future Analysis for Cylinders by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 11: World Historic Review for Cylinders by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 12: World 16-Year Perspective for Cylinders by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 13: World Recent Past, Current & Future Analysis for Accumulators & Filters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 14: World Historic Review for Accumulators & Filters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 15: World 16-Year Perspective for Accumulators & Filters by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 16: World Recent Past, Current & Future Analysis for Power Packs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 17: World Historic Review for Power Packs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 18: World 16-Year Perspective for Power Packs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 19: World Recent Past, Current & Future Analysis for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 20: World Historic Review for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 21: World 16-Year Perspective for Other Product Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 22: World Recent Past, Current & Future Analysis for Mobile Hydraulics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 23: World Historic Review for Mobile Hydraulics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 24: World 16-Year Perspective for Mobile Hydraulics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 25: World Recent Past, Current & Future Analysis for Industrial Hydraulics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 26: World Historic Review for Industrial Hydraulics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 27: World 16-Year Perspective for Industrial Hydraulics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 28: World Recent Past, Current & Future Analysis for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 29: World Historic Review for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 30: World 16-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 31: World Recent Past, Current & Future Analysis for Material Handling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 32: World Historic Review for Material Handling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 33: World 16-Year Perspective for Material Handling by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 34: World Recent Past, Current & Future Analysis for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 35: World Historic Review for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 36: World 16-Year Perspective for Agriculture by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 37: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 38: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 39: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 40: World Hydraulic Components Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030

III. MARKET ANALYSIS

UNITED STATES

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)

CANADA

JAPAN

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)

CHINA

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)

EUROPE

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)

FRANCE

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)

GERMANY

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)

ITALY

UNITED KINGDOM

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)

SPAINRUSSIAREST OF EUROPE

ASIA-PACIFIC

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)

AUSTRALIA

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)

INDIA

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)

SOUTH KOREAREST OF ASIA-PACIFIC

LATIN AMERICA

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)

ARGENTINABRAZILMEXICOREST OF LATIN AMERICA

MIDDLE EAST

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)

IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST

AFRICA

Hydraulic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)

IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Atos Spa
Bailey International LLC
Bosch Rexroth AG
Crane Aerospace & Electronics, Inc.
Daikin Industries Ltd.
Eaton Corporation
Kawasaki Heavy Industries Ltd.
KYB Co., Ltd.
Linde Hydraulics GmbH & Co. KG
Nabtesco Corporation
Nachi-Fujikoshi Corp.
Parker Hannifin Corporation
Tokyo Keiki, Inc.
Weber-Hydraulik GmbH
Wipro Infrastructure Engineering Ltd.
Yuken Kogyo Co., Ltd.

Table Information

Report Attribute	Details
No. of Pages	397
Published	April 2024
Forecast Period	2020 - 2027
Estimated Market Value ( USD ) in 2020	$ 60.1 Billion
Forecasted Market Value ( USD ) by 2027	$ 91.5 Billion
Compound Annual Growth Rate	6.2%
Regions Covered	Global

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Global Hydraulic Components Market to Reach $112.8 Billion by 2030

The U.S. Market is Estimated at $17.7 Billion, While China is Forecast to Grow at 11.4% CAGR

Select Competitors (Total 289 Featured) -

What's New?

Table of Contents

Companies Mentioned (Partial List)

Table Information

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About the Hydraulic Component Market