Hydraulic Pumps Market Size Report, Growth Trends and Forecast 2030

Hydraulic Pumps Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Gear Pump, Piston Pump, and Vane Pump) and Application (Construction, Commercial Vehicle, Agriculture Vehicle, Aircraft, and Others)

Publication Month : Dec 2023

  • Report Code : TIPTE100000632
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 153
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[Research Report] The hydraulic pumps market size was valued at US$ 10.24 billion in 2022 and is expected to reach US$ 14.20 billion by 2030; it is estimated to record a CAGR of 4.2% from 2022 to 2030.

Analyst Perspective:

The hydraulic pump is the beating heart of any mobile machine, transforming mechanical energy into hydraulic energy and then pumping it into the system. The rising building and mining activity in emerging economies drives the demand for products in hydraulic pumps market even more. The necessity for frequent maintenance and replacement parts keeps manufacturers in hydraulic pumps market busy. Hydraulic pump technology advancements, such as energy-efficient pumps and smart systems, also contribute to market growth.

Hydraulic Pumps Market Overview:

A hydraulic pump is a mechanical device that converts mechanical power into hydraulic energy. The pump uses hydraulic systems to perform work, such as lifting heavy loads in excavators or jacks that are being used in hydraulic splitters. Products in hydraulic pumps market mainly performs two functions when operating. First, its mechanical action generates a vacuum at the pump inlet, which allows air pressure to force liquid out of the reservoir and then pump it through to the inlet line of the pump. Second, the mechanical action transports the liquid into the pump outlet and forces it into the hydraulic system. Depending on the type of movement, hydraulic pumps can function as variable displacement pumps or positive displacement pumps. products in hydraulic pumps market have a wider application in a variety of industrial machines, including cranes, forklifts, and aircraft.

Rise in global population and rapid urbanization are significantly increasing the construction of residential and commercial buildings, which is driving the hydraulic pumps market. Moreover, the growth in global trade increases the importance of efficient infrastructure among businesses. This factor has substantially increased the number of construction activities worldwide, positively impacting the hydraulic pumps market.

Modern construction heavily relies on machines and equipment to improve the quality of numerous construction processes. Hydraulic systems are used by construction machines for lifting, destroying, and excavating. This makes hydraulic pumps an essential part of many construction equipment, including dump trucks, bulldozers, loaders, and excavators. The rise in construction activities is boosting the growth of the global hydraulic pumps market. However, the rising integration of smart hydraulic pumps is expected to drive the global hydraulic pumps market during the forecast period. Electric hydraulic pumps are more energy-efficient than traditional ones, which has increased their adoption among users across the globe. This efficiency helps businesses save costs by reducing energy consumption and operating costs.

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Hydraulic Pumps Market: Strategic Insights

hydraulic-pumps-market
Market Size Value inUS$ 10.24 billion in 2022
Market Size Value byUS$ 14.20 billion by 2030
Growth rateCAGR of 4.2% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Hydraulic Pumps Market Driver:

Increasing Demand for Digital Pumps for Floor Heating Drives Hydraulic Pumps Market Growth

Increasing demand for smart solutions among consumers encourages manufacturers to develop smart hydraulic pumps. For instance, in December 2020, Danfoss LLC launched a full line of electrification products and a digital displacement pump (DDP) in China. The digital displacement pump is the only digitally controlled pump for the hydraulic machinery industry. The pump offers significant benefits to the users such as precise control, remote monitoring, reducing energy consumption, and eliminating maintenance costs, which increases its adoption among consumers. Digital displacement pump controllers can individually activate each piston, making them electronically variable and resulting in fast and controlled flow accurately. Digital pumps have a unique radial pump designed to handle full and part loads efficiently. Additionally, the pumps offer superior controllability with the fastest response time to the users, which is driving the demand for digital pumps.

Digital displacement pumps offer substantial features and benefits to both original equipment manufacturers (OEMs) and operators. Digital hydraulic pumps unlock unrivaled system efficiencies with a short payback period. They reduce CO2 emissions and encourage organizations to keep themselves one step ahead of the competition. The pump is a highly compact and versatile solution that enables controlling, easy performance monitoring, and diagnostics of vehicle performance, which increases its adoption among OEMs in automotive, mining, agriculture, and other industries. Moreover, digital displacement pumps support operators in tackling the total cost of ownership and energy requirements, increasing productivity, and reducing cycle times. They also provide precise control over machine handling by limiting emissions and high-frequency noise.

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Hydraulic Pumps Market Segmental Analysis:

Based on application, the hydraulic pumps market is segmented into construction, commercial vehicles, agriculture vehicles, aircraft, and others. Hydraulic pumps play a crucial role in modern construction, powering a wide range of equipment and tools. Hydraulic pumps are most frequently used on construction sites in large hydraulic machinery and various "off-highway" pieces of equipment such as diggers, excavators, and dumpers. Other environments, like factories and offshore work zones, require hydraulic systems to move large equipment, cut and bend material, and power heavy machines. Various players across the globe offer hydraulic pumps for construction applications. For example, Kawasaki provides a K3VL series swash plate axial piston pump designed for a wide range of construction and off-highway applications that demand a medium to high-pressure variable displacement pump.

Hydraulic pumps are used in commercial vehicles for supercharging, air conditioning, power steering, and automatic transmission pumps. Several market players provide hydraulic pumps for commercial vehicles. For example, Bosch Rexroth provides Bosch Rexroth A18VO series 11, a high-pressure pump for applications in commercial vehicles. A18VO is a variable pump with axial tapered piston transmission with a bent axis design for open circuit hydrostatic drives. The pump was specifically built for demanding applications and convenient controls in commercial vehicle working equipment, such as huge HGV loading cranes and superstructures. The flow is proportional to the displacement and the drive speed. The flow can be altered steplessly by altering the bent axis.

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Hydraulic Pumps Market Regional Analysis:

The North America hydraulic pumps market was valued at US$ 3.2 billion in 2022 and is projected to reach US$ 4.4 billion in 2030; it is expected to register a CAGR of 4.0% during 2022–2030. The US, Canada, and Mexico are among the major economies in North America. This region accounts for a significant share of the global hydraulic pumps market owing to greater investment in infrastructural development and wastewater treatment plants. For instance, according to the US Water Services Department Data of February 2023, Cave Creek Water Reclamation Plant Rehabilitation received an investment of US$ 213 million for restoring and upgrading. This investment is 70% of the total value planned to be allocated in 2024. The Water Services and Finance departments in the US prepared five-year financial plans for maintaining and providing water and wastewater treatment services to the customers, which increases the demand for hydraulic pumps among water and wastewater facilities. Hydraulic pumps are essential components in the wastewater treatment plants. The pumps help ensure the movement and continuous flow of water throughout the treatment cycle.

Hydraulic pumps are used in numerous equipment and machines, such as bulldozers, excavators, drills, and cranes, which are highly used in the construction industry. Hydraulic pumps enhance this machinery and make it capable of lifting heavy loads and moving materials. The growing investment in the construction industry is creating opportunities in the hydraulic pumps market in Canada and Mexico. For instance, according to the Government of Canada report of September 2023, the country is committed to continuously investing over US$ 133.64 billion till 2028. The investment plan also includes the development of public transit, broadband networks, trading ports, natural spaces, energy systems, and community services. The increasing adoption of hydraulic pumps in the construction, power generation, automotive, and other industries is driving the market in North America.

Hydraulic Pumps Market Key Player Analysis:

Bosch Rexroth Corporation; Danfoss; Linde Hydraulics GmbH & Co. KG.; Dynamatic Technologies Limited; HYDAC International GmbH; Parker Hannifin Corp; Kawasaki Heavy Industries, Ltd; Daikin Industries, Ltd.; Bucher Industries; and HAWE Hydraulik SE; are among the key players operating in the hydraulic pumps market.

Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the hydraulic pumps market. A few recent key hydraulic pumps market developments are listed below:

  • In September 2023, Bosch Rexroth announced the grand opening of a new "Hydraulics Training Center" in Bethlehem, Pennsylvania. The training center caters to both newcomers and advanced users and covers a wide range of subjects, such as hydraulics, electric drives, and control technology.
  • In July 2023, Bosch Rexroth opened a manufacturing plant in Querétaro, Mexico. The new plant is creating more manufacturing capacity for mobile hydraulics and factory automation in North America and shortening delivery routes for customers in the region.
  • In November 2023, Danfoss Power Solutions launched hydraulic solutions. The company exhibited its range of hydraulic, electric, and fluid conveyance components for use in agricultural equipment. It also featured its complete autonomy offering, including its Autonomous Custom Engineering Services (ACES).
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the estimated global market size for the hydraulic pumps market in 2022?

The estimated global market size for the hydraulic pumps market in 2022 is expected to be around US$ 10.2 billion

What are the driving factors impacting the hydraulic pumps market?

1. Increasing Mining Projects
2. Growing Demand from Automotive Industry

What is the future trend in the hydraulic pumps market?

Growing Wastewater Treatment Projects

Which are the key players holding the major market share of hydraulic pumps market?

Bosch Rexroth Ltd, Danfoss LLC, Linde Hydraulics GmbH & Co KG, Dynamatic Technologies Ltd, HYDAC International GmbH, Parker Hannifin Corp, Kawasaki Heavy Industries Ltd, Daikin Industries Ltd, Bucher Hydraulics GmbH, and HAWE North America Inc are the key market players expected to hold a major market share of hydraulic pumps market in 2022

Which is the fastest growing regional market?

Asia Pacific is expected to register highest CAGR in the hydraulic pumps market during the forecast period (2022-2030)

Which countries are registering a high growth rate during the forecast period?

China, Japan, and United States are expected to register high growth rate during the forecast period

Which country is holding the major market share of hydraulic pumps market?

The China is expected to hold a major market share of hydraulic pumps market in 2022

Which is the leading type segment in the hydraulic pumps market?

Gear pump segment is expected to hold a major market share of hydraulic pumps market in 2022

What will be the global market size of hydraulic pumps market by 2030?

The global market size of hydraulic pumps market by 2030 will be around US$ 14.2 billion

What is the incremental growth of the hydraulic pumps market during the forecast period?

The hydraulic pumps market is expected to register an incremental growth value of US$ 3.9 billion during the forecast period

The List of Companies - Hydraulic Pump Market

  1. Bosch Rexroth Ltd
  2. Danfoss LLC
  3. Linde Hydraulics GmbH & Co KG
  4. Dynamatic Technologies Ltd
  5. HYDAC International GmbH
  6. Parker Hannifin Corp  
  7. Kawasaki Heavy Industries Ltd
  8. Daikin Industries Ltd
  9. Bucher Hydraulics GmbH  
  10. HAWE North America Inc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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