Market Trends of Hydraulic Motors Industry
This section covers the major market trends shaping the Hydraulic Motors Market according to our research experts:
Piston Motors is expected to Dominate the market and witness the Fastest Growth rate
Piston motors are hydraulic motors with high speed and displacement range that operate under maximum pressure of up to 450 bar. The hydraulic piston motors combine a very high displacement volume, at high operating pressure. These factors have been driving the demand for piston motors, primarily for operations that require high power output. They are used to drive mobile and construction equipment, winches, ship-cranes, all kinds of heavy-duty hydraulic equipment, and offshore and onshore operations.
The piston motors are of two types, namely radial piston motor and axial piston motors.
- Radial piston motors have a cylinder barrel attached to a driven shaft. They are highly efficient. However, the initial cost is significantly high due to the high degree of precision required for manufacturing these motors.
- These motors generally have a long life, provide high torque at relatively low shaft speeds and excellent low-speed operation, and high efficiency.
- Additionally, they have limited high-speed capabilities. Radial piston motors’ displacement range is up to 1,000 in.3 /rev.
- They are primarily used in caterpillar drives of winches, cranes, ground drilling equipment, and excavators.
- Axial piston motors use reciprocating piston motion principle, to rotate the output shaft. However, its motion is axial. Their efficiency characteristics are similar to those of radial-piston engines and have a long operating life. Initially, these motors used to cost more than vane or gear motors of comparable horsepower.
- They have excellent high-speed capabilities. However, their low operating speed is limited.
- Axial piston motors’ displacement range is up to 65 in.3 /rev.
- These motors find applications in construction, mining, and agricultural equipment.
Asia-Pacific expected to be the Largest Market and witness the Fastest Growth rate
In the Asia-Pacific region, the market was dominated by China, followed by India and Japan.
In China, the market for excavators and other construction machinery is anticipated to strengthen in China over the forecast period. Government spending on municipal infrastructure projects is critical for the strong sales of construction machinery in recent months. For instance, cities around the country are expanding subways and other urban transportation systems. Additionally, the demand for wheel loaders is also expected to increase in the country. The country represents a 43% share in the wheel loader machine. The factors that have been fueling the demand for the wheel loader in the country are a sharp increase in infrastructure investment by the Chinese government and through the public-private partnership (PPP) model. As the demand for a wheel loader increases, it is also fueling the demand for hydraulic motors in the country.
India is still a developing economy; the construction sector is one of the booming industries in the country and may continue to grow due to increased demand from real estate and infrastructure projects. The country's real estate market is expected to reach a market size of USD 180 billion by 2020. Some of the key factors driving the real estate sector are real estate sector-regulatory reforms, steady demand generated due to rapid urbanization, rising household income, and the rising number of nuclear families. Additionally, Indian roadways are the second-largest in the world. As the number of vehicles and traffic increases, the government has been planning to extend the roads in the coming years.
