Market Summary
Global Hydraulic Pumps Market Overview
Hydraulic Pumps Market Size was valued at USD 9,149.8 Million in 2022. The Hydraulic Pumps Market is projected to grow from USD 9,537.6 Million in 2023 to USD 13,190.4 Million by 2030, exhibiting a compound annual growth rate (CAGR) of 4.7% during the forecast period (2024 - 2030). Hydraulic pumps form a mechanical source of power, which converts mechanical power into hydraulic energy or hydrostatic energy.
Such pumps maintain the flow with enough power to overcome pressure induced by load at the pump outlet. During hydraulic pump operations, the vacuum created at the pump inlet forces the liquid from the reservoir into the pump’s inlet line. The mechanical force enables the delivery of this liquid to the pump's outlet and forces it into the hydraulic system thereafter. Hydraulic pumps are used in hydraulic power transmission systems for industrial and mobile applications. In the industrial segment, such pumps are used in injection molding machines, material handling, conveyors, forklifts, foundries, slitters, presses (shear, stamping, or bending), lifts, mixers, pallet jacks, steel mills, and others.
The need for hydraulic pumps is driven by increase in worldwide construction activities, rising automobile sales, and increased use in the mining industry. Furthermore, government regulations focusing on reduction of CO2 emission and increasing public awareness regarding energy conservation. Such factors are expected to provide lucrative growth in the hydraulic pump market during the forecast period. Further, the growing investment in R&D by major players coupled with advancing technologies will create lucrative opportunities for the growth of the market over the forecasting period.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Hydrauic Pumps Market Trends
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The Growth of Worldwide Construction, Mining and Automotive Industries
The key factor impacting the growth of the hydraulic pump market is the growth of the application industries. Hydraulic pumps have a huge application in the construction, mining, and automotive industries. Additionally, there is an increase in industrialization and urbanization in developing countries such as China and India. These countries are in a phase of witnessing rapid industrialization due to increasing population. This has led to a surge in consumer needs for products accelerating the growth of end-use industries.
Most of the construction machinery including earthmoving equipment requires a lot of power, and this can be increased above machinery capacity by using a hydraulic pump. And certain activities in construction require low power such as fine grading of embankments or excavating over mains power, and gas or sewage pipes that require control. When used in combination with the modes available on the machinery, a hydraulic pump can help to control this. Hydraulic pumps play an important role in the construction industry as they not only save the overall cost but also save a lot of time. These benefits that hydraulic pump offer is increasing their demand in construction.
Another application industry for the hydraulic pump is the automotive industry. Hydraulics are used in every phase of the automotive industry's production. This involves the use of hydraulic industrial equipment throughout the manufacturing process as well as minor hydraulic systems that assist the car in its daily operations. The brakes are the most visible hydraulic system in a car. Simply depressing the brake pedal slows down the vehicle. This is feasible because hydraulic fluid generates pressure, which activates the car's braking system.
The cumulative growth of these application industries has had a direct impact on hydraulic pump demand. The demand is expected to grow strongly during the forecast period, with a large number of manufacturing industries being established and planned expansions taking place across industries.
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Increasing Use of Hydraulic Pumps in Wastewater Treatment Plants
As the world's population expands, so does the water demand. People need clean water for drinking, cooking, and cleaning, while industrial facilities need clean water for cooling and other functions. Furthermore, agriculture is a big water consumer, consuming around 70% of the world's fresh water for irrigation.
Water treatment plants are built to speed up the natural purification process. The natural process is overburdened by an increasing number of humans and significantly more wastewater. The amount of effluent would wreak devastation without wastewater treatment, as it does today in underdeveloped countries. In the countries that do have water treatment facilities, they use a variety of technologies to purify water and return it to the environment, to keep humans and the environment safe and thriving.
The basic job of wastewater treatment plants is to purify sewage. However, wastewater – and the components that make it up – are now also being utilized in innovative agricultural solutions. Cities already have wastewater treatment facilities. They are also equipped with all of the necessary equipment for growing agricultural produce in greenhouses. The governments and other organizations are aiming to connect with wastewater treatment plants to develop an agricultural system for high-quality urban vegetable growing.
Pumps are used for a variety of purposes in water treatment plants, including low-lift service, coagulant feed, carbon slurry transfer, and feed, fluoride feed, sample delivery from selected points to the chemical laboratory, plant water supply, wash water supply, surface wash supply, and high service pumpage to the distribution system. All these are made much more cost-effective and easier with the use of hydraulic pumps. And hence, the demand for hydraulic pumps in water treatment is increasing.
Hydraulic Pumps Market Segment Insights
Hydraulic Pumps Market by Type Insights
Based on application, the hydraulic pumps market has been segmented into gear pump, vane pump, and piston pump. In 2022, the gear pump segment drove the Hydraulic Pumps Market by holding a substantial market share of 46.2% with a market value of USD 4,225.3 million. It is projected to register a CAGR of 4.2% during the projected timeframe.
Hydraulic Pumps Market by Application Insights
Based on application, the hydraulic pumps market has been segmented into construction, automotive, and others. In 2022, the construction segment drove the Hydraulic Pumps Market by holding a substantial market share of 46.7% with a market value of USD 4,274.4 million. It is projected to register a CAGR of 3.9% during the projected timeframe.
Hydraulic Pumps Market by Control Type Insights
Based on Control Type, the hydraulic pumps market has been segmented into manual control and SJC Control. In 2022, the SJC control segment drove the Hydraulic Pumps Market by holding a substantial market share of 70.7% with a market value of USD 6,470.4 million. It is projected to register a CAGR of 5.0% during the projected timeframe.
Hydraulic Pumps Market Regional Insights
By region, the global market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among these, the Asia Pacific emerged as the leading and the fastest-growing segment with a CAGR of 5.5%. The segment is projected to reach a value of USD 5,628.7 million by the end of the forecast period. The North America region accounted for the second-largest growing segment with a healthy CAGR of 3.9%.
Hydraulic Pumps Key Market Players & Competitive Insights
In the hydraulic pumps market, several key players have established themselves as major contributors to the industry's growth and innovation. Among these prominent players are Bosch Roxroth, Eaton, Parker Hannifin, Bucher Hydraulics, Hydac, and Bondoli& Pavesi SpA.
The hydraulic pumps market is moderately competitive as key players are being acquired by prominent players. The acquisition of major players has hampered the market competition and offers manipulative pricing by the giant players. Corporate strategies such as public and private alliances, and other strategic decisions are undertaken to achieve operational efficiency.
The demand for hydraulic pumps products is accelerating owing to increasing excavation procedures in smart city development projects, rising usage of forestry equipment for forest conservation and growing application of dump trucks in municipality. The funding levels have improved in the last few years and the global hydraulic pumps providers are investing huge amounts in innovation and product development. The investment by the players in the region is accelerated due to growing application of hydraulic pumps in different industry verticals. Over the last few years, the market players are involved in R&D activities for the development of products with higher efficiency and accuracy. In addition, the market players are adopting marketing strategies such as campaigns, and remarketing to increase the product awareness. Moreover, the key players have adopted different business approaches to gain a competitive edge across the globe.
The business representations in the hydraulic pumps market include research & development, product launch, partnerships, and commercialization of the products. The hydraulic pump manufacturers are adopting business approaches such as new product innovations to gain the competitive edge over the market players. For instance, in February 2022 Nachi launched PZH-1B, the smallest-size model for the PZH-series high-pressure variable displacement piston pumps.
Moreover, in March 2020 the Hydraulic Pump and Power Systems (HPS) Division of Parker Hannifin Corporation announced a new online configuration tool for its Gold Cup Pump and Motor Series with support for additional product series planned in the future. The eConfigurator tool is designed to help streamline a user’s online configuration with an embedded tool view that includes model-based dimensioning and an extended product summary.
Key Companies in the Hydraulic Pumps Market includes:
- Hydac INTERNATIONAL GmbH
- Hengli Hydraulic
- Hydro Leduc
- KYB Corporation
- HAWE Hydraulik SE
- NACHI-FUJIKOSHI CORP
- Casappa S.P.A
- Concentric AB
- DAIKIN INDUSTRIES, Ltd
- Dana limited
- Eaton
- FluiDyne
- Moog Inc
- Mottrol
- PARKER HANNIFIN CORPORATION
- Bondioli & Pavesi S.p.A
- Bucher Hydraulics GmbH
- Continental hydraulics, inc.
- Liebherr-International AG
- Danfoss Power Solutions
- Kawasaki Heavy Industries Ltd
- linde hydraulics
- Poclain Hydraulics
Hydraulic Pumps Industry Developments
April 2022: Finrel S.p.A (part of Casappa family holding) completed the acquisition of 51% of the share capital of Tecnord Srl.
August 2021: Danfoss acquired Eaton Hydraulics. This acquisition made Danfoss a global leader in mobile and industrial hydraulics and strengthened its product portfolio.
March 2020: The Hydraulic Pump and Power Systems (HPS) Division of Parker Hannifin Corporation announced a new online configuration tool for its Gold Cup Pump and Motor Series with support for additional product series planned in the future. The eConfigurator tool is designed to help streamline a user’s online configuration with an embedded tool view that includes model-based dimensioning and an extended product summary.
Hydraulic Pumps Segmentation
Hydraulic Pumps Type Outlook
- Gear Pump
- Vane Pump
- Piston Pump
Hydraulic Pumps Application Outlook
- Construction
- Automotive
- Others
Hydraulic Pumps Control Type Outlook
- Manual Control
- Selectable Joystick Controls (SJC)
Hydraulic Pumps Regional Outlook
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North America
- US
- Canada
-
Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
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Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
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Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
Market Size & Forecast
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 9,149.8 Million |
| Market Size 2023 | USD 9,537.6 Million |
| Market Size 2030 | USD 13,190.4 Million |
| Compound Annual Growth Rate (CAGR) | 4.7% (2024-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2030 |
| Historical Data | 2019 – 2021 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Control Type |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, and South America |
| Countries Covered | The U.S, Canada, Mexico, Germany, France, UK, Italy, China, Japan, India, South Korea, South Africa, Saudi Arabia, UAE, Brazil, Argentina, and others |
| Key Companies Profiled | HANSA-TMP, Hydac INTERNATIONAL GmbH, Hengli Hydraulic, Hydro Leduc, KYB Corporation, HAWE Hydraulik SE, NACHI-FUJIKOSHI CORP, Casappa S.P.A, Concentric AB, DAIKIN INDUSTRIES, Ltd, Dana limited, Eaton, FluiDyne, Moog Inc |
| Key Market Opportunities | · Government regulations focusing on the reduction of co2 emissions coupled with public awareness regarding energy conservation |
| Key Market Dynamics | · The growth of worldwide construction, mining, and automotive industries· Increasing use of hydraulic pumps in wastewater treatment plants |
Major Players
Hydraulic Pumps Market Segmentation
Hydraulic Pumps Market Type Outlook (USD Million, 2019-2030)
- Gear Pump
- Vane Pump
- Piston Pump
Hydraulic Pumps Market Application Outlook (USD Million, 2019-2030)
- Construction
- Automotive
- Others
Hydraulic Pumps Market Control Type Outlook (USD Million, 2019-2030)
- Manual Control
- Selectable Joystick Controls (SJC)
Hydraulic Pumps Market Regional Outlook (USD Million, 2019-2030)
- North America Outlook (USD Million, 2019-2030)
- North America Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- North America Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- North America Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- US Outlook (USD Million, 2019-2030)
- US Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- US Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- US Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Canada Outlook (USD Million, 2019-2030)
- Canada Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Canada Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Canada Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Mexico Outlook (USD Million, 2019-2030)
- Mexico Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Mexico Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Mexico Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Europe Outlook (USD Million, 2019-2030)
- Europe Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Europe Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Europe Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- UK Outlook (USD Million, 2019-2030)
- UK Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- UK Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- UK Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Germany Outlook (USD Million, 2019-2030)
- Germany Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Germany Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Germany Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- France Outlook (USD Million, 2019-2030)
- France Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- France Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- France Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Italy Outlook (USD Million, 2019-2030)
- Italy Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Italy Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Italy Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Rest of Europe Outlook (USD Million, 2019-2030)
- Rest of Europe Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Rest of Europe Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Rest of Europe Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Asia-Pacific Outlook (USD Million, 2019-2030)
- Asia-Pacific Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Asia-Pacific Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Asia-Pacific Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- China Outlook (USD Million, 2019-2030)
- China Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- China Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- China Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- India Outlook (USD Million, 2019-2030)
- India Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- India Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- India Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Japan Outlook (USD Million, 2019-2030)
- Japan Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Japan Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Japan Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- South Korea Outlook (USD Million, 2019-2030)
- South Korea Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- South Korea Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- South Korea Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Rest of Asia-Pacific Outlook (USD Million, 2019-2030)
- Rest of Asia-Pacific Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Rest of Asia-Pacific Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Rest of Asia-Pacific Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Middle East & Africa World Outlook (USD Million, 2019-2030)
- Middle East & Africa Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Middle East & Africa Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Middle East & Africa Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- South Africa Outlook (USD Million, 2019-2030)
- South Africa Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- South Africa Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- South Africa Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Saudi Arabia Outlook (USD Million, 2019-2030)
- Saudi Arabia Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Saudi Arabia Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Saudi Arabia Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- UAE Outlook (USD Million, 2019-2030)
- UAE Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- UAE Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- UAE Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Rest of Middle East & Africa Outlook (USD Million, 2019-2030)
- Rest of Middle East & Africa Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Rest of Middle East & Africa Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Rest of Middle East & Africa Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- South America Outlook (USD Million, 2019-2030)
- South America Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- South America Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- South America Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Brazil Outlook (USD Million, 2019-2030)
- Brazil Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Brazil Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Brazil Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Argentina Outlook (USD Million, 2019-2030)
- Argentina Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Argentina Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Argentina Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Rest of South America Outlook (USD Million, 2019-2030)
- Rest of South America Hydraulic Pumps Market by Type
- Gear Pump
- Vane Pump
- Piston Pump
- Rest of South America Hydraulic Pumps Market by Application
- Construction
- Automotive
- Others
- Rest of South America Hydraulic Pumps Market by Control Type
- Manual Control
- Selectable Joystick Controls (SJC)
- Middle East & Africa Hydraulic Pumps Market by Type
- Asia-Pacific Hydraulic Pumps Market by Type
- Europe Hydraulic Pumps Market by Type
- North America Hydraulic Pumps Market by Type
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