Global Hydraulic Pumps Market - Segmented by Type (Gear, Vane, Piston, Screw), End-user Vertical (Construction, Mining, Agriculture Machinery, Oil and Gas, Chemicals and Petrochemicals, Automotive), and Region - Growth, Trends, and Forecast (2018 - 2023)

Global Hydraulic Pumps Market - Segmented by Type (Gear, Vane, Piston, Screw), End-user Vertical (Construction, Mining, Agriculture Machinery, Oil and Gas, Chemicals and Petrochemicals, Automotive), and Region - Growth, Trends, and Forecast (2018 - 2023)

The Hydraulic Pumps Market has been valued at USD 9.79 billion in 2017 and is expected to register a CAGR of 3.7% during the forecast period (2018 - 2023) to reach USD 12.29 billion by 2023. The scope of the report covers the various types of motors used in hydraulic applications offered by various vendors in the market.

Pump technology has had a long history associated with the industrial development of the worldwide economy. Today, pumps are used in a very wide variety of end markets such as mining, agriculture, construction and industries, such as food, pharmaceutical, and oil & gas. The infrastructural developments, automation across industries, such as manufacturing and automotive and increase in construction activities globally will drive the growth prospects for hydraulic pumps until the forecast period.

In addition to this, government regulations focused towards reduction of CO2 emission and increased awareness about energy saving has led to the expansion of this market. With the costs of energy steadily rising, energy consumption is playing a more significant role than ever in the total cost of machine operation. As a result, the hydraulics industry is demanding energy efficient solutions that also meet stringent government regulations for environmental protection. The advent of technically advanced Variable Frequency Drive (VFDs) and pump systems has helped in cutting energy usage by up to 70% depending on the machine duty cycle. This can help significantly reduce operating costs.

However, high cost of manufacturing is a major challenge faced by the players operating in the market. Nevertheless, increasing pace of infrastructural improvement and increasing demand for renewable energy offers promising opportunity for players in the hydraulic pump market. Moreover, up-gradation of existing machinery would also provide lucrative business opportunity to the players. Moreover, technological developments have led to traditional mechanical pumps, both oil pumps and water pumps, evolving into infinitely variable flow versions, via hydraulic or electronic control, thereby, offering power savings, improved engine fuel efficiency, more accurate temperature stabilization, and overall reduced emissions and noise.

Construction Sector to significantly drive the use of Hydraulic Pumps

Hydraulic pumps, particularly gear pumps are largely used in the construction industry. Extensive application of construction equipment in operations, such as excavation, earth-moving, and lifting and material handling is expected to drive the market for construction equipment. In both developed, as well as developing countries, manufacturers are increasing their investments in machine tools to enhance their production processes and systems. The maturity of both of these markets will help the construction sector and hydraulic systems throughout the next few years. Rise in construction activities coupled with increased construction spending across various countries is contributing in advancing the market. For instance, in the United States, according to the US Census Bureau, the construction spending rose from USD 788 billion in 2011 to USD 1231 billion in 2017.

With this rise in construction spending in the country, the construction equipment market also propelled which includes equipment, such as hauling, hosting, earth moving, conveying, pumping, and dewatering equipment.

Key Developments in the Market

  • March 2018 - Kawasaki Precision Machinery at Hannover Messe highlighted the electro-hydraulic hybrid system, KAWASAKI ECO SERVO, for industrial applications. This new system combined the best Kawasaki technology to sbring excellent controllability and high efficiency to applications, such as press machines, injection moulding machines, and steel manufacturing
  • February 2018 - Eaton Corporation Plc. signed an agreement with Doosan Corporation Mottrol to supply hydraulic pumps for South Korea’s domestically manufactured aircraft KF-X Fighter. The agreement helped in expanding Eaton’s presence in the Asia Pacific aerospace market and reinforced its role as a leading development partner for most advanced military and commercial aircraft programs

Reasons to Purchase this Report
  • Impact of automation in industrial applications on the market
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segments that are expected to dominate the market
  • Regional analysis of the market during the forecast period
  • Latest developments, market shares, and strategies employed by the major market players and key innovators
  • 3-month analyst support, along with the Market Estimate Sheet (in Excel)
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Rising Infrastructural Developments
4.2.2 Growing Automation and Industrial Production
4.3 Factors Challenging the Market
4.3.1 Higher Manufacturing Costs
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness – Porter’s Five Forces
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute products or services
4.5.5 Competitive Rivalry Among Existing Competitors
4.6 Industry Requirements
5. Technology Snapshot
6. Global Hydraulic Pumps Market- Segmented by Type
6.1 Vane
6.2 Piston
6.3 Gear
6.4 Screw
6.5 Others
7. Global Hydraulic Pumps Market - Segmented by End-User Vertical
7.1 Construction
7.2 Mining
7.3 Agriculture Machinery
7.4 Automotive
7.5 Oil and Gas
7.6 Chemical and Petrochemical
7.7 Others
8. Global Hydraulic Pumps Market - Segmented by Geography
8.1 North America
8.1.1 United States
8.1.2 Canada
8.2 Europe
8.2.1 United Kingdom
8.2.2 Germany
8.2.3 France
8.2.4 Italy
8.2.5 Rest of Europe
8.3 Asia-Pacific
8.3.1 China
8.3.2 India
8.3.3 Japan
8.3.4 South Korea
8.3.5 Rest of Asia-Pacific
8.4 Latin America
8.4.1 Brazil
8.4.2 Argentina
8.4.3 Mexico
8.4.4 Rest of Latin America
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 UAE
8.5.3 South Africa
8.5.4 Rest of Middle East and Africa
9. Vendor Market Share
10. Competitive Landscape - Key Vendor Profiles
10.1 Bosch Rexroth Ltd.
10.2 Eaton Corporation Plc.
10.3 Danfoss Power Solutions
10.4 Actutant Corporation
10.5 Bailey International LLC
10.6 Linde Hydraulics
10.7 Dynamatic Technologies Ltd.
10.8 Hydac International
10.9 Toshiba Machine Co. Ltd. Manufacturers
10.10 Parker Hannifin Corporation
10.11 KYB Corporation
10.12 Kawasaki Heavy Industries Ltd.
10.13 Daikin Industries Ltd.
10.14 Bucher Hydraulics
10.15 Casappa S.p.A
10.16 Moog Inc.
10.17 Shimadzu Corporation
10.18 Permco Inc.
10.19 Peerless Engineering
10.20 Jacktech Hydraulics *List not Exhaustive
11. Future Outlook of the Market

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