PUBLISHER: The Business Research Company | PRODUCT CODE: 1675851
PUBLISHER: The Business Research Company | PRODUCT CODE: 1675851
Hydraulic pumps transform mechanical energy into hydraulic energy by inducing a vacuum at the intake and driving liquid from the reservoir into the inlet line, facilitating its movement into the hydraulic system through mechanical action.
The primary types of hydraulic pumps include gear pumps, vane pumps, piston pumps, and screw pumps. Gear pumps, with fixed displacement designs, operate by pumping fluid through systems using a prime mover such as an engine or motor. These are used in mobile and industrial applications across industries such as construction, mining, agriculture, machinery, automotive, and others.
The hydraulic pumps market research report is one of a series of new reports from The Business Research Company that provides hydraulic pumps market statistics, including hydraulic pumps industry global market size, regional shares, competitors with a hydraulic pumps market share, detailed hydraulic pumps market segments, market trends and opportunities, and any further data you may need to thrive in the hydraulic pumps industry. These hydraulic pumps market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hydraulic pumps market size has grown strongly in recent years. It will grow from $10.47 billion in 2024 to $11.05 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to automotive industry demand, construction and infrastructure development, agricultural machinery, oil and gas exploration, mining industry dynamics.
The hydraulic pumps market size is expected to see strong growth in the next few years. It will grow to $14.26 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rise in renewable energy projects, electrification trends, smart hydraulic systems, infrastructure modernization, focus on energy efficiency. Major trends in the forecast period include rise of electric hydraulic pumps, integration of IoT and data analytics, focus on industry 4.0 integration, growing demand for variable displacement pumps, increased emphasis on sustainability.
The growth in construction activities is driving the hydraulic pumps market. Hydraulic pumps are extensively utilized in construction equipment such as excavators, cranes, loaders, and other machinery to pull, push, or lift heavy loads during daily operations. The global increase in construction activities is anticipated to elevate the demand for hydraulic pumps, as they are essential components in heavy lifting equipment. According to a report from the U.S. Census Bureau on monthly construction spending in March 2022, construction investment reached $376.6 billion in the first three months of 2022, reflecting a 12.0% increase from $336.3 billion during the same period in 2021. Consequently, the rising construction activities are expected to enhance demand for hydraulic pumps throughout the forecast period.
The growing emphasis on renewable energy production is likely to drive the hydraulic pumps market in the future. Renewable energy production involves generating energy from sources that are naturally replenished on a human timescale, ensuring their sustainable availability over the long term. Hydraulic pumps optimize renewable energy production by improving system efficiency, reliability, and performance through precise control of fluid flow and pressure. For example, in January 2023, the Energy Information Administration, a US-based government agency, projected that 16% of total energy generation in 2023 would come from renewable energy sources such as wind and solar, an increase from 14% in 2022. Therefore, the increasing focus on renewable energy is propelling the hydraulic pumps market.
Product innovation is a significant trend gaining traction in the hydraulic pump market. Numerous companies operating in this sector are developing cutting-edge products with advanced technologies to bolster their market position. For example, in October 2024, a report released by Grundfos, a US-based technology company, announced the launch of a new 6-inch SP hydraulic pump aimed at improving energy efficiency and lowering operational costs for applications such as groundwater extraction and irrigation. This pump incorporates an advanced hydraulic design and innovative motor technology, optimizing energy consumption through a smart control system, which results in substantial savings. Its robust construction guarantees durability in challenging environments, underscoring Grundfos's commitment to sustainable water management and environmental responsibility.
Premier companies in the hydraulic pump market are incorporating technologies, such as control flow systems, to increase profitability. The control system in a hydraulic pump regulates fluid flow, pressure, and direction within the system. SPX Flow Inc., a US-based heat transfer solution provider, launched the PE60 Series hydraulic pump in June 2023. Crafted for versatility and user-friendliness, this pump features enhanced control technology, automatic cycle functionality, extended runtime, and 'plug and play' accessories.
In May 2022, Pedrollo Group, an Italy-based company specializing in water treatment, energy conversion, and applied technology, acquired Superior Pump for an undisclosed amount. Through this acquisition, the Pedrollo Group aims to expand hydraulic pump technology in North America and enhance its business presence globally. The long-term strategy of this acquisition is to market and launch the Pedrollo brand in the United States and Canada. Superior Pump is a Minnesota-based company specializing in residential/light commercial duty pumps.
Major companies operating in the hydraulic pumps market include Daikin Industries Ltd., Dynamatic Technologies Limited, Eaton Corporation PLC, Parker Hannifin Corporation, Kawasaki Heavy Industries Ltd., Danfoss A/S, Atos Spa, Bosch Rexroth AG, Bucher Industries AG, KYB Corporation, Haldex Hydraulics Corporation, CIRCOR Pumps North America LLC, HAWE Hydraulik GmbH, Enerpac Tool Group LLC, Linde Hydraulics GmbH & Co. KG, Cessna Fluid Power LLC, CASAPPA S.p.A., Hydraulic Supply Company, Permco Inc., Oilgear Company, Perfection Hydraulics Inc., Cross Manufacturing Inc., Bailey International LLC, Bondioli & Pavesi S.p.A., HYDAC International GmbH, Brevini Fluid Power S.p.A.
North America was the largest region in the hydraulic pumps market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hydraulic pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hydraulic pumps market consists of sales of rotary vane pumps, bent axis pumps, inline axial piston pumps, radial piston pumps. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hydraulic Pumps Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hydraulic pumps market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hydraulic pumps ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hydraulic pumps market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.