Global Fluid Power Equipment Market

Global Fluid Power Equipment Market Size, Share, Growth Analysis, By Type(Hydraulics, Pneumatics), By Application(Construction, Automotive), By Equipment(Pumps, Motors) - Industry Forecast 2022-2028


Report ID: SQSG20E2002 | Region: Global | Published Date: November, 2022 | Pages: 165

Global Fluid Power Equipment Market Insights

Global fluid power equipment market was valued to be USD 41.49 billion in 2021, and it is anticipated to reach USD 65.28 billion by 2028 at a CAGR of 5.93% over the forecast period (2022-2028).

Fluid power equipment is described as industrial equipment or components that employ fluids (liquid or gas) to carry power from one location to another. The two main ways used to operate these kinds of tools are hydraulic and pneumatic. Pneumatic systems employ gas, typically compressed air, to deliver power while hydraulic systems use fluids like oil. Equipment using liquid power has few advantages over mechanical and electrical equipment. As opposed to fluid power systems, which may easily generate this motion using hydraulic or pneumatic cylinders, mechanical devices that transform rotational motion into linear motion are propelled by electrical and mechanical means.

The development of various user-friendly fluid products, rising adoption of worldwide motor efficiency standards, and increasing factory automation are all driving the market's expansion. In addition, the industrial outlook is being boosted by rising vehicle production volumes, increased urbanization, and an increase in the number of multinational firms, supply chains, and stores. Furthermore, expanding outlets and local supply chains, as well as booming applications from end-use industries including automotive, oil & gas, medical, and agricultural, are all advancing the industry.

Market snapshot

Global Market Size

USD 41.49 billion

Largest Segment

Construction

Fastest Growth

Construction

Growth Rate

5.93% CAGR

Global Fluid Power Equipment Market 2022-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
Global Fluid Power Equipment Market Size By Application 2022-2028 ($ Bn)
Global Fluid Power Equipment Market Size By Application 2022-2028 (%)

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Global Fluid Power Equipment Market Segmental Analysis

The Global Fluid Power Equipment Market is segmented based on type, application, equipment and region. Based on the type, it is categorized into Hydraulics, and Pneumatics. Based on the application, it is categorized into Construction, Automotive, Oil & Gas, Chemicals, Aerospace & Defense, Metals & Mining, and Medical Equipment. Based on Equipment, it is categorized into Pumps, Motors, Valves, Cylinders, Filters, and Actuators. Based on region, it is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.

Analysis by Application

On the basis of application, the construction segment and the metals & mining segment currently dominate the global fluid power equipment market, due to the increased utility and consumption of fuel power equipment in these categories. Many different kinds of earthmoving equipment, material-handling equipment, and specialist fastening and finishing tools are used in the sector. Backhoes for excavation, cranes for moving, lifting, and positioning objects, vibrators for consolidating concrete after it has been laid, and nail-driving tools are a few examples of common applications for fluid power equipment. Population expansion is still a major force behind development in the construction industry. The maintenance and replacement of outdated infrastructure presents a chance for adaptable machinery, especially excavator attachments. Rapid urbanization is driving up demand for smaller, more portable machinery, which is expanding the market. Additionally, fluid power equipment is used by mining industries both above and below ground. The enormous shovels used in coal strip mining operations are spectacular examples of applications in the mining sector. Additionally, due to increased hydrocarbon exploration and production operations worldwide, the oil and gas segment is expected to have significant expansion.

Global Fluid Power Equipment Market By Application, 2021 (%)

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Global Fluid Power Equipment Market Regional Insights

Based on the region, the Asia Pacific region currently dominates the global fluid power equipment market with respect to market share and it is predicted to have the highest share over the forecast period. This is as a result of the region's rapidly expanding population and rising energy consumption.

North America is also predicted to have a significant market share because of the increased need for modernization of existing infrastructure in nations such as the United States and Canada.

Additionally, Europe is anticipated to expand significantly due to the increased need for efficient equipment across numerous industry sectors, such as automotive and aerospace & defense, in several regional nations, including Germany and the United Kingdom.

Global Fluid Power Equipment Market By Geography, 2022-2028
  • Largest
  • Fastest

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Global Fluid Power Equipment Market Dynamics

Drivers

  • Increased demand from the food and beverage industries: One of the key reasons boosting the market for fluid power equipment is the rising demand from the food and beverage industry. Additionally, the market is positively impacted by the growing demand for water and wastewater infrastructure, particularly in developing nations.

Restraints

  • Expensive prices for the products It is anticipated that numerous logistics issues and trade snags between various regions will impede market expansion. It is anticipated that the presence of local manufacturers offering products at cheaper prices would present a challenge to the fluid power equipment market, during the forecast period.

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Global Fluid Power Equipment Market Competitive Landscape

Companies are constantly investing in strategic partnerships and product development in order to increase their market share. In order to enhance their presence on the worldwide market, various companies are also concentrating on implementing methods like collaborations. Additionally, they have been concentrating on tactics such as inorganic and organic growth advancements, including contracts and investments.

Top Players Company Profiles

  • Bosch Rexroth Corporation (Germany)
  • Eaton (Ireland)
  • Parker Hannifin Corp (US)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • Fluid-Power Equipment Inc (US)
  • Sparrows Offshore Group Limited (UK)
  • Fluid Systems, Inc. (US)
  • HYDAC (India)
  • HAWE Hydraulik SE (Germany)
  • Moog Inc. (US)
  • Bucher Hydraulics GmbH (Germany)
  • DAIKIN INDUSTRIES, Ltd. (Japan)
  • CASAPPA S.p.A. (Italy)
  • Applied Industrial Technologies (US)
  • CIRCOR International (US)
  • Crane Co. (US)
  • Flowserve Corporation (US)
  • Graco Inc. (US)
  • Christian Bürkert GmbH & Co. KG (Germany)
  • Dover Corporation (US)

Recent Developments

  • In June 2021, Ingersoll Rand Inc. entered into an agreement to acquire Maximus, a provider of digital controls and Industrial Internet of Things (IIoT) production management systems for the agritech market. This will help the company to drive additional innovation and significant synergies with Dosatron and other PST brands.
  • In June 2021, Eaton acquired Cobham Mission Systems. Cobham is a manufacturer of air-to-air refueling systems, environmental systems, and actuation, primarily for the defense market. This acquisition will help to expand Eaton Aerospace’s fuel systems offerings, and other defense related offerings.
  • May 2021, Bosch Rexroth launched a fast and power-dense Hägglunds Atom hydraulic motor. The Hägglunds Atom replaces the existing Hägglunds CAb, delivering not only more revolutions per minute but also more powerful than motors of similar size. The result is a tiny, power-dense package that is ideal for mobile, marine, and recycling applications.

Global Fluid Power Equipment Key Market Trends

  • Rise in Inclination towards Fluid Power Equipment: The increased preference for fluid power equipment over electrical and mechanical equipment, such as smooth linear motion using hydraulic or pneumatic cylinders, is expected to accelerate market expansion.

Global Fluid Power Equipment Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to the analysis, the global fluid power equipment market is currently led by countries in the Asia Pacific region, as a result of the region's rapidly expanding population and rising energy consumption. Along with this, the construction segment and the metals & mining segment is expected to dominate the global fluid power equipment market, due to the increased utility and consumption of fuel power equipment in these categories.

Report Metric Details
Market size value in 2021 USD 41.49 billion
Market size value in 2028 USD 65.28 billion
Growth Rate 5.93%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Hydraulics, Pneumatics
  • Application
    • Construction, Automotive, Oil & Gas, Chemicals, Aerospace & Defense, Metals & Mining, Medical Equipment
  • Equipment
    • Pumps, Motors, Valves, Cylinders, Filters, Actuators
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Bosch Rexroth Corporation (Germany)
  • Eaton (Ireland)
  • Parker Hannifin Corp (US)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • Fluid-Power Equipment Inc (US)
  • Sparrows Offshore Group Limited (UK)
  • Fluid Systems, Inc. (US)
  • HYDAC (India)
  • HAWE Hydraulik SE (Germany)
  • Moog Inc. (US)
  • Bucher Hydraulics GmbH (Germany)
  • DAIKIN INDUSTRIES, Ltd. (Japan)
  • CASAPPA S.p.A. (Italy)
  • Applied Industrial Technologies (US)
  • CIRCOR International (US)
  • Crane Co. (US)
  • Flowserve Corporation (US)
  • Graco Inc. (US)
  • Christian Bürkert GmbH & Co. KG (Germany)
  • Dover Corporation (US)
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Fluid Power Equipment Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Fluid Power Equipment Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Fluid Power Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Fluid Power Equipment Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Fluid Power Equipment Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Fluid Power Equipment Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global fluid power equipment market was valued to be USD 41.49 billion in 2021, and it is anticipated to reach USD 65.28 billion by 2028 at a CAGR of 5.93% over the forecast period (2022-2028).

Companies are constantly investing in strategic partnerships and product development in order to increase their market share. In order to enhance their presence on the worldwide market, various companies are also concentrating on implementing methods like collaborations. Additionally, they have been concentrating on tactics such as inorganic and organic growth advancements, including contracts and investments.'Bosch Rexroth Corporation (Germany)','Eaton (Ireland)','Parker Hannifin Corp (US)','Kawasaki Heavy Industries, Ltd. (Japan)','Fluid-Power Equipment Inc (US)','Sparrows Offshore Group Limited (UK)','Fluid Systems, Inc. (US)','HYDAC (India)','HAWE Hydraulik SE (Germany)','Moog Inc. (US)','Bucher Hydraulics GmbH (Germany)','DAIKIN INDUSTRIES, Ltd. (Japan)','CASAPPA S.p.A. (Italy)','Applied Industrial Technologies (US)','CIRCOR International (US)','Crane Co. (US)','Flowserve Corporation (US)','Graco Inc. (US)','Christian Bürkert GmbH & Co. KG (Germany)','Dover Corporation (US)'

Increased demand from the food and beverage industries: One of the key reasons boosting the market for fluid power equipment is the rising demand from the food and beverage industry. Additionally, the market is positively impacted by the growing demand for water and wastewater infrastructure, particularly in developing nations.

Rise in Inclination towards Fluid Power Equipment: The increased preference for fluid power equipment over electrical and mechanical equipment, such as smooth linear motion using hydraulic or pneumatic cylinders, is expected to accelerate market expansion.

Based on the region, the Asia Pacific region currently dominates the global fluid power equipment market with respect to market share and it is predicted to have the highest share over the forecast period. This is as a result of the region's rapidly expanding population and rising energy consumption.

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Global Fluid Power Equipment Market

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