The global fluid power equipment market size reached US$ 48.8 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 86.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.53% during 2023-2032.
Fluid power refers to the use of liquid or gas to generate a considerable amount of power for moving a load and performing different tasks. It is utilized for boring new underground mining tunnels and lifting and stacking large sheets of glass. As it also controls direction, speed, force, and torque, fluid power equipment finds extensive applications in the packaging, mining, marine, medical, construction, aerospace, automation, robotics, and entertainment industries. At present, there is a rise in the employment of the equipment in the food and beverage (F&B) industry for moving ingredients, processing, and final packaging across the globe.
Additionally, the growing automation in factories to drive precision, consistency, and greater operational efficiency is catalyzing the demand for fluid power equipment around the world. Furthermore, key market players are extensively investing in research and development (R&D) activities to increase their overall sales and profitability. Other growth-inducing factors are the rising production volume of vehicles, rapid urbanization and increasing number of multinational outlets.
2. What is the expected growth rate of the global fluid power equipment market during 2024-2032?
3. What are the key factors driving the global fluid power equipment market?
4. What has been the impact of COVID-19 on the global fluid power equipment market?
5. What is the breakup of the global fluid power equipment market based on the product?
6. What is the breakup of the global fluid power equipment market based on the end user?
7. What are the key regions in the global fluid power equipment market?
8. Who are the key players/companies in the global fluid power equipment market?
Fluid power refers to the use of liquid or gas to generate a considerable amount of power for moving a load and performing different tasks. It is utilized for boring new underground mining tunnels and lifting and stacking large sheets of glass. As it also controls direction, speed, force, and torque, fluid power equipment finds extensive applications in the packaging, mining, marine, medical, construction, aerospace, automation, robotics, and entertainment industries. At present, there is a rise in the employment of the equipment in the food and beverage (F&B) industry for moving ingredients, processing, and final packaging across the globe.
Fluid Power Equipment Market Trends:
The growing use of fluid power equipment in wastewater treatment represents one of the key factors driving the market. Moreover, there is an increase in investments to introduce energy-efficient solutions and reduce greenhouse gas (GHG) emissions, and the demand for energy imports worldwide. This, along with the rising focus on technological advancements for manufacturing and developing fluid power equipment, is propelling the growth of the market. In addition, the growing utilization of smart valves to gain better control over operation and safety in industry 4.0 is positively influencing the market. Besides this, the introduction of several user-friendly fluid products is offering lucrative growth opportunities to end-users and investors.Additionally, the growing automation in factories to drive precision, consistency, and greater operational efficiency is catalyzing the demand for fluid power equipment around the world. Furthermore, key market players are extensively investing in research and development (R&D) activities to increase their overall sales and profitability. Other growth-inducing factors are the rising production volume of vehicles, rapid urbanization and increasing number of multinational outlets.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global fluid power equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, component and end user.Breakup by Product:
- Hydraulics
- Pneumatics
- Others
Breakup by Component:
- Pumps
- Motors
- Valves
- Cylinder
- Accumulators and Filters
- Others
Breakup by End User:
- Agricultural
- Aerospace
- Automotive
- Construction
- Others
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 Bosch Rexroth AG (Robert Bosch GmbH), Bucher Industries AG, Daikin Industries Ltd., Eaton Corporation PLC, Fluid Power Equipment Inc., HAWE Hydraulik SE, HYDAC International GmbH, Hydraforce Inc., Kawasaki Heavy Industries Ltd., Nachi-Fujikoshi Corp., Parker-Hannifin Corporation and Sparrows Offshore Group Limited.Key Questions Answered in This Report
1. How big is the global fluid power equipment market?2. What is the expected growth rate of the global fluid power equipment market during 2024-2032?
3. What are the key factors driving the global fluid power equipment market?
4. What has been the impact of COVID-19 on the global fluid power equipment market?
5. What is the breakup of the global fluid power equipment market based on the product?
6. What is the breakup of the global fluid power equipment market based on the end user?
7. What are the key regions in the global fluid power equipment market?
8. Who are the key players/companies in the global fluid power equipment market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Fluid Power Equipment Market
6 Market Breakup by Product
7 Market Breakup by Component
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Bosch Rexroth AG (Robert Bosch GmbH)
- Bucher Industries AG
- Daikin Industries Ltd.
- Eaton Corporation PLC
- Fluid Power Equipment Inc.
- HAWE Hydraulik SE
- HYDAC International GmbH
- Hydraforce Inc.
- Kawasaki Heavy Industries Ltd.
- Nachi-Fujikoshi Corp.
- Parker-Hannifin Corporation
- Sparrows Offshore Group Limited.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 48.8 Billion |
| Forecasted Market Value ( USD | $ 86.2 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
