Hydraulic Components - Global Strategic Business Report

The global market for Hydraulic Components was valued at US$79.9 Billion in 2024 and is projected to reach US$112.8 Billion by 2030, growing at a CAGR of 5.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Hydraulic Components Market - Key Trends and Drivers Summarized

What Are Hydraulic Components and How Do They Power Modern Machinery?

Hydraulic components are integral parts of hydraulic systems, which are used extensively in various machinery and equipment across industries such as construction, manufacturing, and agriculture. These components include hydraulic pumps, motors, cylinders, valves, and hoses, which work together to transmit power through the controlled circulation of hydraulic fluid. The basic principle behind hydraulics is the transmission of force applied at one point to another point using an incompressible fluid, typically oil. This system allows for significant force multiplication within small spaces, making hydraulic components especially powerful and efficient for tasks requiring heavy lifting, pushing, or pulling, such as in excavators and lifts.

Technological Innovations Enhancing Hydraulic Systems

The field of hydraulic technology has seen substantial innovations that have expanded the capabilities and efficiency of hydraulic components. Advancements in material science have led to the development of more durable and robust components that can withstand higher pressures and harsh environments. Innovations such as variable displacement pumps have enhanced the energy efficiency of hydraulic systems by allowing the flow rate and output pressure to be adjusted according to the specific needs of the task, reducing energy waste. Moreover, modern hydraulic systems incorporate sensors and electronic controls that improve precision and allow for real-time feedback and automation. These technological enhancements not only improve the functionality and performance of hydraulic components but also contribute to the overall system reliability and maintenance.

Current Trends Influencing the Hydraulic Components Market

Several trends are currently shaping the hydraulic components market. There is a growing emphasis on sustainability and energy efficiency, driving the development and adoption of more efficient hydraulic systems that offer the same or improved performance using less power and generating fewer emissions. Additionally, the rise of smart factories and the integration of IoT (Internet of Things) technology into industrial operations have increased the demand for hydraulic components that can seamlessly connect to digital networks. These smart hydraulic systems offer predictive maintenance capabilities, operational insights, and enhanced controllability, which are valuable in industries aiming to optimize their automation and data utilization. Furthermore, the demand for miniaturization of components without sacrificing power outputs is influencing new designs and compact solutions.

What Drives the Growth in the Hydraulic Components Market?

The growth in the hydraulic components market is driven by several factors, including industrial growth in emerging markets, increased infrastructure development projects, and technological advancements in hydraulic systems. The expanding scope of industries that rely heavily on heavy machinery and equipment, such as construction, mining, and agriculture, significantly contributes to the demand for advanced hydraulic systems. The push for automation and increased efficiency in manufacturing processes also fuels the need for innovative hydraulic components that offer greater precision and energy efficiency. Moreover, the ongoing investments in infrastructure, particularly in developing countries, require robust and reliable machinery equipped with high-performing hydraulic systems. The convergence of these factors ensures a dynamic market environment and continues to drive innovations and developments in the hydraulic components sector.

Report Scope

The report analyzes the Hydraulic Components market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Product Segment (Pumps & Motors, Valves, Cylinders, Accumulators & Filters, Power Packs, Other Product Segments); Application (Mobile Hydraulics, Industrial Hydraulics); End-Use (Construction, Material Handling, Agriculture, Other End-Uses).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Pumps & Motors segment, which is expected to reach US$53.0 Billion by 2030 with a CAGR of a 6.7%. The Valves segment is also set to grow at 5.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $20.8 Billion in 2024, and China, forecasted to grow at an impressive 9.0% CAGR to reach $25.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Atos Spa, Bailey International LLC, Bosch Rexroth AG, Crane Aerospace & Electronics, Inc., Daikin Industries Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Hydraulic Components Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Hydraulic Components Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Hydraulic Components Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 289 major companies featured in this Hydraulic Components market report include:

• 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.