Hydraulic Motors Market Size (2024 - 2029)

The hydraulic motors market is experiencing growth driven by the expanding construction, agricultural, and mining industries, which are increasing the demand for base and precious metals. Technological advancements are also contributing to market expansion, although the shift towards electrification and electric motors in sectors like oil and gas and construction equipment poses challenges. The market's composition reveals that piston motors and off-road applications, particularly construction machinery, hold significant shares. Regionally, the Asia-Pacific leads in market share, followed by North America and Europe.

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Market Size of Hydraulic Motors Industry

Hydraulic Motors Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 4.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Hydraulic Motors Market Major Players

*Disclaimer: Major Players sorted in no particular order

Hydraulic Motors Market Analysis

The global hydraulic motors market is expected to witness a CAGR of over 4.5%, during the forecast period, 2020-2025.

  • Some of the major factors driving the growth of the market studied include the growing construction industry, the agricultural sector, and the mining industry, primarily owing to an increase in the consumption of base and precious metals. Additionally, consistent technological advancements are expected to offer growth opportunities for manufacturers. However, a shift in the focus toward electrification and adoption of electric motors in applications, such as oil and gas and construction equipment, is expected to hinder the market’s growth.
  • In 2019, by type, the piston motors segment accounted for the largest market share. By application type, the off-road applications segment accounted for the largest market share. In the off-road applications segment, the construction machinery sub-segment accounted for the largest market share. By region, in 2019, the Asia-Pacific region dominated the market with a share of over 39%, followed by North America and Europe.
  • Some of the major players dominating the market are Eaton Corp., Parker Hannifin Corp., Danfoss, Bosch Rexforth AG, Kawasaki Precision Machinery Co., and Poclain Hydraulics, among others. The top four major players accounted for more than 60% of the global hydraulic motors market share in 2018.

Hydraulic Motors Industry Segmentation

The global hydraulic motors segment has been segmented by type and application.

Type
Hydraulic Gear Motor
Gear Motor
Epicyclic Gear Motor
Vane Motor
Piston Motor
Radial Piston Motor
Axial Piston Motor
Application
Off-road
Construction Machinery
Agricultural Machinery
Mining Machinery
Industrial
Manufacturing
Marine
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Brazil
South Africa
Other Countries
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Hydraulic Motors Market Size Summary

The hydraulic motors market is poised for steady growth, driven by the expanding construction, agriculture, and mining industries. The demand for hydraulic motors is bolstered by the increasing consumption of base and precious metals, alongside technological advancements that present new opportunities for manufacturers. However, the market faces challenges due to a shift towards electrification, with electric motors gaining traction in sectors such as oil and gas and construction equipment. The piston motors segment holds a significant share, particularly in off-road applications like construction machinery. Regionally, Asia-Pacific leads the market, with China, India, and Japan being key players, supported by government infrastructure investments and urbanization trends.

In the Asia-Pacific region, particularly China, the demand for hydraulic motors is fueled by robust infrastructure projects and increased sales of construction machinery. The country's focus on expanding urban transportation systems and infrastructure investments, including public-private partnerships, drives the need for wheel loaders and, consequently, hydraulic motors. India also shows promising growth in its construction sector, supported by real estate developments and infrastructure projects. Major players like Eaton Corporation, Parker Hannifin, Danfoss, and Bosch Rexroth dominate the market, leveraging the demand from construction and agricultural sectors. Additionally, regional companies are expanding their global presence by offering specialized and high-performance hydraulic solutions, catering to custom applications.

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Hydraulic Motors Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Hydraulic Gear Motor

        1. 2.1.1.1 Gear Motor

        2. 2.1.1.2 Epicyclic Gear Motor

      2. 2.1.2 Vane Motor

      3. 2.1.3 Piston Motor

        1. 2.1.3.1 Radial Piston Motor

        2. 2.1.3.2 Axial Piston Motor

    2. 2.2 Application

      1. 2.2.1 Off-road

        1. 2.2.1.1 Construction Machinery

        2. 2.2.1.2 Agricultural Machinery

        3. 2.2.1.3 Mining Machinery

      2. 2.2.2 Industrial

        1. 2.2.2.1 Manufacturing

        2. 2.2.2.2 Marine

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Rest of Asia-Pacific

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Other Countries

Hydraulic Motors Market Size FAQs

The Hydraulic Motors Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)

Bosch Rexforth AG, Eaton Corporation Inc., Parker Hannifin Corp., Poclain Hydraulics and Kawasaki Precision Machinery Co. are the major companies operating in the Hydraulic Motors Market.

Hydraulic Motors Market Report Snapshots

Hydraulic Motors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)