Report Code: CMI50165

Published Date: June 2024

Pages: 320+

Category: Industrial Automation And Equipment

Reports Description

Global Industrial Hydraulic Equipment Market was valued at USD 37.5 Billion in 2024 and is expected to reach USD 52.6 Billion by 2033, at a CAGR of 5.7% during the forecast period 2024 – 2033.

Pumps, motors, cylinders, valves, hoses, and other hydraulic-powered gear and tools are all included in the category of industrial hydraulic equipment.

Industrial Hydraulic Equipment Market: Growth Factors

Emergence of Industry 4.0

The market for industrial hydraulic equipment has been greatly impacted by Industry 4.0, which has brought in a new age of smart manufacturing that is defined by automation, connectivity, and data-driven decision-making.

Hydraulic equipment is being equipped with Industry 4.0 technologies, such as artificial intelligence (AI), sophisticated analytics, and the Internet of Things (IoT), to improve productivity, efficiency, and predictive maintenance capabilities.

Real-time monitoring of variables like pressure, temperature, and flow rates is made possible by smart hydraulic systems with sensors and actuators. This enables preventative maintenance and equipment performance optimisation.

Furthermore, smooth communication and coordination are made possible by the hydraulic equipment’s compatibility with other industrial systems and parts in smart factories, which enhances output and better uses available resources.

The adoption of digital twin technology also makes it easier to model and simulate hydraulic systems virtually, which promotes optimisation, design enhancements, and predictive maintenance.

The integration of Industry 4.0 technologies with industrial hydraulic equipment becomes crucial in driving innovation and fulfilling the changing needs of modern production settings, as firms strive for increased flexibility, agility, and competitiveness in the digital era.

Increasing demands for material handling equipment

One major factor driving the industrial hydraulic equipment market is the rising need for material handling equipment. Effective material handling systems are increasingly needed as global businesses develop and become more automated.

Industrial hydraulic equipment, such as forklifts, conveyors, and hydraulic lifts, is essential to material handling activities because of its dependability, high force output, and precise control. In warehouses, distribution centres, manufacturing plants, and logistics facilities, these hydraulic systems facilitate the efficient and smooth movement of big loads, optimise production procedures, and boost productivity.

Furthermore, because of its adaptability, durability, and minimal maintenance needs, hydraulic equipment is becoming more and more preferred over conventional mechanical options as enterprises seek increased operational efficiency and cost-effectiveness.

To fulfil the changing demands of contemporary supply chains, industrial hydraulic solutions are being adopted as a result of the growth of e-commerce and the logistics industry, which in turn increases demand for material handling equipment. All things considered, the growing need for material handling equipment propels the industrial hydraulic equipment market’s expansion and shapes its course across many global industries.

Industrial Hydraulic Equipment Market: Restraints

High maintenance costs

The market for industrial hydraulic equipment may be severely hampered by high maintenance costs as they put a strain on companies’ finances and lower overall profitability. Because hydraulic systems are intricate, they need to be maintained often to guarantee maximum efficiency and security.

These maintenance tasks, which call for specialised labour and equipment, include fluid checks, filter replacements, seal inspections, and system troubleshooting. Frequent servicing, replacement parts, and unplanned repairs resulting from wear and tear or system breakdowns can lead to high maintenance expenses.

These costs put pressure on operating budgets and interfere with production schedules, which results in lost time and lower productivity. Additionally, companies could have to pay more for staff training or hiring specialised experts to handle maintenance duties.

As a result, the perceived high maintenance costs associated with hydraulic equipment may discourage potential buyers or prompt existing users to seek alternative solutions, thereby constraining market growth and innovation in the industrial hydraulic sector.

Industrial Hydraulic Equipment Market: Opportunities

Expansion of the construction industry

The market for industrial hydraulic equipment is significantly driven by the construction industry’s growth, as hydraulic systems are essential for a wide range of construction applications. Excavators, cranes, bulldozers, and loaders are examples of hydraulic machinery that is necessary for lifting large objects, levelling, excavating, and moving materials on building sites.

The construction sector is growing due to factors including population growth, infrastructure development, and urbanisation, which increases the need for hydraulic equipment that is strong and efficient. The attractiveness of hydraulic solutions in building projects is further increased by developments in hydraulic technology, which include increased efficiency, accuracy, and dependability.

Furthermore, in line with international environmental efforts, the construction industry’s growing emphasis on sustainability and eco-friendly methods has prompted the creation of more energy-efficient hydraulic systems.

Additionally, to meet the varied construction needs of infrastructure projects like roads, bridges, trains, airports, and residential and commercial buildings, adaptable hydraulic equipment is needed. As a result, the market for industrial hydraulic equipment is growing at the same time that the construction industry is expanding.

Industrial Hydraulic Equipment Market: Segmentation Analysis

Global Industrial Hydraulic Equipment market is segmented by component, end user, and region.  Based on components, the market is classified into motors, pumps, cylinders, valves, filters, and others. Motors dominated the market in 2023 with a market share of 30.0% and are expected to keep their dominance during the forecast period 2024-2033.

The effectiveness and performance of hydraulic motors have a significant impact on the market for industrial hydraulic equipment. These motors are essential to the operation of many different types of industrial machinery, from manufacturing machinery to construction equipment.

In challenging industrial settings, their exceptional torque and accuracy in converting hydraulic energy into mechanical power renders them necessary. Heavy machinery can move thanks to hydraulic motors, which provide remarkable force and control while lifting, twisting, and pushing.

They are perfect for applications where constant performance under changing loads and circumstances is crucial because of their resilience and dependability. Furthermore, hydraulic motors’ usefulness and market demand have increased due to technological breakthroughs in the field, such as the creation of more efficient designs and integration with intelligent control systems.

The significance of hydraulic motors in propelling the growth of the industrial hydraulic equipment market is expected to remain substantial, spurring innovation and adoption across numerous sectors globally, as long as companies continue to prioritise productivity, safety, and sustainability.

Based on end user, the market is classified into aerospace, agriculture, automotive, construction, metal & machinery manufacturing, and others. Construction dominated the market in 2023 with a market share of 24.5% and is expected to keep its dominance during the forecast period 2024-2033.

The market for industrial hydraulic equipment is primarily driven by the construction sector because of its broad dependence on hydraulic systems for a range of applications. With its unmatched power and accuracy, hydraulic equipment is essential to heavy construction machines like loaders, cranes, bulldozers, and excavators.

The hydraulic systems in these machines enable them to carry out essential tasks like excavating, pushing, pulling, and lifting with exceptional control and efficiency. Furthermore, the development of advanced construction machinery that can perform a variety of jobs in difficult conditions is made possible by hydraulic equipment, which raises job site productivity and safety standards.

The need for modern hydraulic solutions is driven by the need for construction projects, which include the development of infrastructure, residential and commercial structures, and industrial facilities.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 37.5 Billion
Projected Market Size in 2033 USD 52.6 Billion
Market Size in 2023 USD 34.1 Billion
CAGR Growth Rate 5.7% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Component, End User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Industrial Hydraulic Equipment Market: Regional Analysis

By region, Industrial Hydraulic Equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Industrial Hydraulic Equipment market in 2023 with a market share of 42.2% and is expected to keep its dominance during the forecast period 2024-2033.

North America plays a pivotal role in driving the industrial hydraulic equipment market through several key factors. The region’s heavy machinery, automotive, aerospace, and construction industries all have thriving manufacturing sectors that require high-performance hydraulic systems for a range of uses, including assembly lines, material handling, and machine tools.

Furthermore, North America is a technologically advanced region that promotes innovation and the creation of innovative hydraulic solutions to increase production and efficiency, such as electro-hydraulic systems and smart actuators.

Furthermore, the use of hydraulic equipment which is renowned for its dependability, accuracy, and environmentally benign operation is fuelled by strict safety rules as well as an increasing focus on energy conservation.

The need for hydraulic machinery, including excavators, cranes, and bulldozers, is further stimulated by the region’s infrastructure initiatives, notably in the building and transportation sectors, which accelerates market expansion.

Furthermore, the existence of well-known producers of hydraulic equipment, together with an established distribution system and robust aftermarket services, solidifies North America’s standing as a major player in the world market for industrial hydraulic equipment.

Industrial Hydraulic Equipment Market: Recent Developments

  • In July 2022, Bosch invested in BRUSA HyPower to enhance its eLION product portfolio, focusing on the electrification of off-highway vehicles. Furthermore, as large corporations want to bolster their positions and seize fresh development possibilities, these kinds of strategic acquisitions and investments in up-and-coming businesses are probably going to become their main priorities shortly.
  • In October 2023, Hitachi Construction Machinery signed an agreement that would help establish mobile energy storage systems at construction sites. The programs aided in promoting the use of emission-free equipment throughout Europe.
  • In August 2022, HAWE introduced the HICON mini hydraulic power pack, specially designed for application in recreational boats and various other applications.

List of the prominent players in the Industrial Hydraulic Equipment Market:

  • Bosch Rexroth
  • Eaton Corporation Plc
  • Parker Hannifin
  • Kawasaki
  • HAWE
  • Hydac
  • Moog Inc.
  • Bucker Hydraulics
  • Daikin
  • Concentric
  • Casappa
  • Nachi – Fujikoshi
  • Dantal Hydraulics
  • Fluitronics GmbH
  • Linde Hydraulics
  • Siemens AG
  • Wipro Limited
  • Danfoss A/S
  • Emerson Electric Co.
  • Komatsu Ltd
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Industrial Hydraulic Equipment Market is segmented as follows:

By Component

  • Motors
  • Pumps
  • Cylinders
  • Valves
  • Filters
  • Others

By End User

  • Aerospace
  • Agriculture
  • Automotive
  • Construction
  • Metal & Machinery Manufacturing
  • Others

By Distribution Channel

  • Direct Sales
  • Indirect Sales

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Industrial Hydraulic Equipment Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Industrial Hydraulic Equipment Market: snapshot
  • Chapter 3. Global Industrial Hydraulic Equipment Market – Industry Analysis
    • 3.1 Industrial Hydraulic Equipment Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Emergence of Industry 4.0
      • 3.2.2 Increasing demands for material handling equipment
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Component
      • 3.7.2 Market Attractiveness Analysis By End User
  • Chapter 4. Global Industrial Hydraulic Equipment Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Industrial Hydraulic Equipment Market: company market share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Industrial Hydraulic Equipment Market – Component Analysis
    • 5.1 Global Industrial Hydraulic Equipment Market Overview: By Component
      • 5.1.1 Global Industrial Hydraulic Equipment Market Share, By Component, 2023 and 2033
    • 5.2 Motors
      • 5.2.1 Global Industrial Hydraulic Equipment Market by Motors, 2024 – 2033 (USD Billion)
    • 5.3 Pumps
      • 5.3.1 Global Industrial Hydraulic Equipment Market by Pumps, 2024 – 2033 (USD Billion)
    • 5.4 Cylinders
      • 5.4.1 Global Industrial Hydraulic Equipment Market by Cylinders, 2024 – 2033 (USD Billion)
    • 5.5 Valves
      • 5.5.1 Global Industrial Hydraulic Equipment Market by Valves, 2024 – 2033 (USD Billion)
    • 5.6 Filters
      • 5.6.1 Global Industrial Hydraulic Equipment Market by Filters, 2024 – 2033 (USD Billion)
    • 5.7 Others
      • 5.7.1 Global Industrial Hydraulic Equipment Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Industrial Hydraulic Equipment Market – End User Analysis
    • 6.1 Global Industrial Hydraulic Equipment Market Overview: By End User
      • 6.1.1 Global Industrial Hydraulic Equipment Market Share, By End User, 2023 and 2033
    • 6.2 Aerospace
      • 6.2.1 Global Industrial Hydraulic Equipment Market by Aerospace, 2024 – 2033 (USD Billion)
    • 6.3 Agriculture
      • 6.3.1 Global Industrial Hydraulic Equipment Market by Agriculture, 2024 – 2033 (USD Billion)
    • 6.4 Automotive
      • 6.4.1 Global Industrial Hydraulic Equipment Market by Automotive, 2024 – 2033 (USD Billion)
    • 6.5 Construction
      • 6.5.1 Global Industrial Hydraulic Equipment Market by Construction, 2024 – 2033 (USD Billion)
    • 6.6 Metal & Machinery Manufacturing
      • 6.6.1 Global Industrial Hydraulic Equipment Market by Metal & Machinery Manufacturing, 2024 – 2033 (USD Billion)
    • 6.7 Others
      • 6.7.1 Global Industrial Hydraulic Equipment Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 7. Industrial Hydraulic Equipment Market – Regional Analysis
    • 7.1 Global Industrial Hydraulic Equipment Market Regional Overview
    • 7.2 Global Industrial Hydraulic Equipment Market Share, by Region, 2023 & 2033 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Industrial Hydraulic Equipment Market, 2024 – 2033 (USD Billion)
        • 7.3.1.1 North America Industrial Hydraulic Equipment Market, by Country, 2024 – 2033 (USD Billion)
    • 7.4 North America Industrial Hydraulic Equipment Market, by Component, 2024 – 2033
      • 7.4.1 North America Industrial Hydraulic Equipment Market, by Component, 2024 – 2033 (USD Billion)
    • 7.5 North America Industrial Hydraulic Equipment Market, by End User, 2024 – 2033
      • 7.5.1 North America Industrial Hydraulic Equipment Market, by End User, 2024 – 2033 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Industrial Hydraulic Equipment Market, 2024 – 2033 (USD Billion)
        • 7.6.1.1 Europe Industrial Hydraulic Equipment Market, by Country, 2024 – 2033 (USD Billion)
    • 7.7 Europe Industrial Hydraulic Equipment Market, by Component, 2024 – 2033
      • 7.7.1 Europe Industrial Hydraulic Equipment Market, by Component, 2024 – 2033 (USD Billion)
    • 7.8 Europe Industrial Hydraulic Equipment Market, by End User, 2024 – 2033
      • 7.8.1 Europe Industrial Hydraulic Equipment Market, by End User, 2024 – 2033 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Industrial Hydraulic Equipment Market, 2024 – 2033 (USD Billion)
        • 7.9.1.1 Asia Pacific Industrial Hydraulic Equipment Market, by Country, 2024 – 2033 (USD Billion)
    • 7.10 Asia Pacific Industrial Hydraulic Equipment Market, by Component, 2024 – 2033
      • 7.10.1 Asia Pacific Industrial Hydraulic Equipment Market, by Component, 2024 – 2033 (USD Billion)
    • 7.11 Asia Pacific Industrial Hydraulic Equipment Market, by End User, 2024 – 2033
      • 7.11.1 Asia Pacific Industrial Hydraulic Equipment Market, by End User, 2024 – 2033 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Industrial Hydraulic Equipment Market, 2024 – 2033 (USD Billion)
        • 7.12.1.1 Latin America Industrial Hydraulic Equipment Market, by Country, 2024 – 2033 (USD Billion)
    • 7.13 Latin America Industrial Hydraulic Equipment Market, by Component, 2024 – 2033
      • 7.13.1 Latin America Industrial Hydraulic Equipment Market, by Component, 2024 – 2033 (USD Billion)
    • 7.14 Latin America Industrial Hydraulic Equipment Market, by End User, 2024 – 2033
      • 7.14.1 Latin America Industrial Hydraulic Equipment Market, by End User, 2024 – 2033 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Industrial Hydraulic Equipment Market, 2024 – 2033 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Industrial Hydraulic Equipment Market, by Country, 2024 – 2033 (USD Billion)
    • 7.16 The Middle-East and Africa Industrial Hydraulic Equipment Market, by Component, 2024 – 2033
      • 7.16.1 The Middle-East and Africa Industrial Hydraulic Equipment Market, by Component, 2024 – 2033 (USD Billion)
    • 7.17 The Middle-East and Africa Industrial Hydraulic Equipment Market, by End User, 2024 – 2033
      • 7.17.1 The Middle-East and Africa Industrial Hydraulic Equipment Market, by End User, 2024 – 2033 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Bosch Rexroth
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Eaton Corporation Plc
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Parker Hannifin
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Kawasaki
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 HAWE
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Hydac
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Moog Inc.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Bucker Hydraulics
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Daikin
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Concentric
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Casappa
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Nachi – Fujikoshi
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Dantal Hydraulics
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Fluitronics GmbH
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 Linde Hydraulics
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments
    • 8.16 Siemens AG
      • 8.16.1 Overview
      • 8.16.2 Financials
      • 8.16.3 Product Portfolio
      • 8.16.4 Business Strategy
      • 8.16.5 Recent Developments
    • 8.17 Wipro Limited
      • 8.17.1 Overview
      • 8.17.2 Financials
      • 8.17.3 Product Portfolio
      • 8.17.4 Business Strategy
      • 8.17.5 Recent Developments
    • 8.18 Danfoss A/S
      • 8.18.1 Overview
      • 8.18.2 Financials
      • 8.18.3 Product Portfolio
      • 8.18.4 Business Strategy
      • 8.18.5 Recent Developments
    • 8.19 Emerson Electric Co.
      • 8.19.1 Overview
      • 8.19.2 Financials
      • 8.19.3 Product Portfolio
      • 8.19.4 Business Strategy
      • 8.19.5 Recent Developments
    • 8.20 Komatsu Ltd
      • 8.20.1 Overview
      • 8.20.2 Financials
      • 8.20.3 Product Portfolio
      • 8.20.4 Business Strategy
      • 8.20.5 Recent Developments
    • 8.21 Others.
      • 8.21.1 Overview
      • 8.21.2 Financials
      • 8.21.3 Product Portfolio
      • 8.21.4 Business Strategy
      • 8.21.5 Recent Developments
List Of Figures

Figures No 1 to 26

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Bosch Rexroth
  • Eaton Corporation Plc
  • Parker Hannifin
  • Kawasaki
  • HAWE
  • Hydac
  • Moog Inc.
  • Bucker Hydraulics
  • Daikin
  • Concentric
  • Casappa
  • Nachi – Fujikoshi
  • Dantal Hydraulics
  • Fluitronics GmbH
  • Linde Hydraulics
  • Siemens AG
  • Wipro Limited
  • Danfoss A/S
  • Emerson Electric Co.
  • Komatsu Ltd
  • Others

FAQs

The major driver for the Industrial Hydraulic Equipment market is emergence of Industry 4.0 and increasing demands for material handling equipment.

The “Motors” category dominated the market in 2023.

The key players in the market are Bosch Rexroth, Eaton Corporation Plc, Parker Hannifin, Kawasaki, HAWE, Hydac, Moog Inc., Bucker Hydraulics, Daikin, Concentric, Casappa, Nachi – Fujikoshi, Dantal Hydraulics, Fluitronics GmbH, Linde Hydraulics, Siemens AG, Wipro Limited, Danfoss A/S, Emerson Electric Co., Komatsu Ltd, Others.

“North America” had the largest share in the Industrial Hydraulic Equipment Market.

The global market is projected to grow at a CAGR of 5.7% during the forecast period, 2024-2033.

The Industrial Hydraulic Equipment Market size was valued at USD 37.5 Billion in 2024.

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