PUBLISHER: IMARC | PRODUCT CODE: 1541485
PUBLISHER: IMARC | PRODUCT CODE: 1541485
The global fluid power equipment market size reached US$ 48.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 86.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.34% during 2024-2032.
Fluid power refers to the use of liquid or gas to generate a considerable amount of power for moving a load and performing different tasks. It is utilized for boring new underground mining tunnels and lifting and stacking large sheets of glass. As it also controls direction, speed, force, and torque, fluid power equipment finds extensive applications in the packaging, mining, marine, medical, construction, aerospace, automation, robotics, and entertainment industries. At present, there is a rise in the employment of the equipment in the food and beverage (F&B) industry for moving ingredients, processing, and final packaging across the globe.
The growing use of fluid power equipment in wastewater treatment represents one of the key factors driving the market. Moreover, there is an increase in investments to introduce energy-efficient solutions and reduce greenhouse gas (GHG) emissions, and the demand for energy imports worldwide. This, along with the rising focus on technological advancements for manufacturing and developing fluid power equipment, is propelling the growth of the market. In addition, the growing utilization of smart valves to gain better control over operation and safety in industry 4.0 is positively influencing the market. Besides this, the introduction of several user-friendly fluid products is offering lucrative growth opportunities to end-users and investors. Additionally, the growing automation in factories to drive precision, consistency, and greater operational efficiency is catalyzing the demand for fluid power equipment around the world. Furthermore, key market players are extensively investing in research and development (R&D) activities to increase their overall sales and profitability. Other growth-inducing factors are the rising production volume of vehicles, rapid urbanization and increasing number of multinational outlets.
IMARC Group provides an analysis of the key trends in each sub-segment of the global fluid power equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, component and end user.
Hydraulics
Pneumatics
Others
Pumps
Motors
Valves
Cylinder
Accumulators and Filters
Others
Agricultural
Aerospace
Automotive
Construction
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bosch Rexroth AG (Robert Bosch GmbH), Bucher Industries AG, Daikin Industries Ltd., Eaton Corporation PLC, Fluid Power Equipment Inc., HAWE Hydraulik SE, HYDAC International GmbH, Hydraforce Inc., Kawasaki Heavy Industries Ltd., Nachi-Fujikoshi Corp., Parker-Hannifin Corporation and Sparrows Offshore Group Limited.