How big is the Hydraulic Equipment Market?

The Hydraulic Equipment Market size is expected to reach USD 46.94 billion in 2024 and grow at a CAGR of 3.62% to reach USD 56.07 billion by 2029. Read More

What is the current Hydraulic Equipment Market size?

In 2024, the Hydraulic Equipment Market size is expected to reach USD 46.94 billion. Read More

Who are the key players in Hydraulic Equipment Market?

SMC Corporation, Hydac International Gmbh, Bosch Rexroth AG, Danfoss AS and Parker-Hannifin Corporation are the major companies operating in the Hydraulic Equipment Market. Read More

Which is the fastest growing region in Hydraulic Equipment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Hydraulic Equipment Market?

In 2024, the North America accounts for the largest market share in Hydraulic Equipment Market. Read More

What years does this Hydraulic Equipment Market cover, and what was the market size in 2023?

In 2023, the Hydraulic Equipment Market size was estimated at USD 45.24 billion. The report covers the Hydraulic Equipment Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Hydraulic Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the emerging trends in the Hydraulic Equipment Market?

Emerging trends in the Global Hydraulic Equipment Market include Integration of IoT and predictive maintenance technologies to enhance operational efficiency and minimize downtime. Read More

Hydraulic Equipment Market Share

Statistics for the 2023 & 2024 Hydraulic Equipment market share, created by Mordor Intelligence™ Industry Reports. Hydraulic Equipment share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Hydraulic Equipment Industry

The intensity of competitive rivalry in the hydraulic equipment market is high. It is expected to increase over the forecast period due to several prominent players such as Bosch Rexroth AG (ROBERT BOSCH GMBH), Parker-Hannifin Corporation, Hydac International GmbH, Danfoss A/s, SMC Corporation, among others in the market. These players are also adopting merger and acquisition strategies to gain market share.

June 2023, KTI Hydraulics Inc. introduced a submerged direct current (DC) hydraulic power unit (HPU) to increase the reliability of recycling equipment. The company offers the submerged HPU with a 1.8-kilowatt, 12-volt, and 24-volt DC motor with superior ingress protection ratings. The HPU includes a pressure-loaded gear pump, a potted solenoid, and a reservoir with five quarts of usable volume. The new HPU configuration also enables a more compact design, 15 ½ inches-by-9 ½ inches-by-8 inches, which minimizes the space required for hydraulic components.
In April 2023, Bosch Rexroth unveiled its Hägglunds Quantum range of hydraulic motors, designed to enhance torque and speed capabilities while retaining efficiency for direct drive applications in heavy-duty equipment. Also, these motors provide a maximum speed of over 150 rpm & maximum torque of more than 350 kNm. Changes to the design and materials used allowed the boost in speed and torque and a longer lifespan while ensuring efficient operation.
In November 2022, Caterpillar announced the launch of two new hydraulic excavators, namely Caterpillar 340 and 352. According to Caterpillar, the new Cat 340 Hydraulic Excavator had a stronger engine, wider track, and 7.5-ton counterweight to improve productivity by 10% over the 2020 model year Cat 336. On the other hand, the new Cat 352 Hydraulic Excavator combined better power and a heavier counterweight to work with bigger tools.