Hydraulic Motors Market Size - By Product Type (Gear Motors, Vane motors, Piston motors), By End Use Industry (Construction, Agriculture, Forestry, Marine, Oil & Gas, Industrial, Mining, Transport), Regional Outlook & Global Forecast, 2024 - 2032

Hydraulic Motors Market Size

Hydraulic Motors Market was valued at USD 12 billion in 2023 and is poised to grow at over 5.4% CAGR from 2024 to 2032. The growing need for effective and high-performance hydraulic systems across a range of industries is fuelling the market's expansion. The demand for sophisticated, dependable motors with improved power density, small size, and increased effectiveness. The market's optimistic future is further influenced by the rise in industrial automation and the expansion of construction activities globally.
 

The hydraulic motors market can pose challenges to the in contrast to other power transmission systems, the initial costs of hydraulic systems, which include motors, can be quite costly. This could prevent new customers from using hydraulic solutions, especially in sectors with budget-conscious applications. For hydraulic systems to operate at their best and avoid downtime, frequent maintenance and servicing are necessary. Inadequate upkeep of hydraulic motors may result in problems including leaks, wear, and system failure, which can cause major repair expenses and interfere with end users' ability to operate.
 

Hydraulic Motors Market Trends

The digitalization and networking of hydraulic systems are being driven by the Internet of Things (IoT). Proactive maintenance, optimization, and decision-making are made easier by real-time insights into hydraulic system performance made possible by remote monitoring, data analytics, and predictive maintenance technologies. Compact and lightweight hydraulic systems are in greater demand, especially in aeronautical and mobility applications where weight and space restrictions are crucial. To attain higher power density, smaller footprints, and improved performance, manufacturers are creating tiny hydraulic systems and components using cutting-edge materials and design methodologies.
 

Hydraulic Motors Market Analysis

Based on product type, the piston motors segment accounted for over USD 5.1 billion in 2023. Piston motors needing precise control, efficient performance, and a high-power density are better served. Some benefits of these motors include their large torque, low noise level, and variety of speed choices. They are widely used in industrial applications, construction equipment, and heavy machines that require strong and dependable hydraulic systems. The hydraulic piston motors industry area is growing because to its greater volumetric efficiency and flexibility under varying loading circumstances.
 

Based on end use industry type, the construction segment held a market share of about 31% in 2023. Hydraulic motors can deliver high torque even at low speeds, which is particularly advantageous in heavy-duty construction machinery such as excavators, bulldozers, and cranes. This high torque enables these machines to perform tasks like digging, lifting, and pushing heavy loads efficiently. Hydraulic motors have a compact design compared to other types of motors, making them suitable for installation in tight spaces within construction equipment. This compactness allows manufacturers to design more versatile and maneuverable machinery without sacrificing power or performance.
 

Asia Pacific hydraulic motors market size surpassed USD 3.8 billion in 2023. The growing need for hydraulic motors for machinery and equipment in the region is being driven by the industrial sector, especially in China, India, and Japan. Furthermore, the region's market is growing because of ongoing infrastructure development projects, 3/6 rapid urbanization, and agricultural developments. The Asia Pacific area is further positioned as a major growth channel by the presence of notable manufacturers and rising foreign investments.
 

Hydraulic Motors Market Share

In 2023, dominant market players including Eaton Corporation, Bosch Rexrorth AG, Parker Hannifin Corporation, Kawasaki Heavy Industries Ltd., Danfoss Group collectively held a substantial 20%-25% market share. As the market is highly fragmented, these industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansion, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their products and incorporate new technologies, allowing them to stay ahead of the competition.
 

Hydraulic Motors Market Companies

Major players operating in the hydraulic motors industry are:

• Eaton Corporation
• Bosch Rexrorth AG
• Parker Hannifin Corporation
• Kawasaki Heavy Industries Ltd.
• Danfoss Group
• Linde Hydraulics GmbH & Co. KG
• Saucer- Danfoss Inc.
• Bosch Rexrorth Corporation
• Hydae International GmbH
• Hydro Leduc
• Ital group s.r.l.
• Kawaski Heavy Industries Ltd.
• M+S Hydraulic plc
• Maha hydraulics
• PERMCO, Inc.
• Poclain Hydraulics
• Rotary Power
• SAI s.p.a.
• Taiz hou Eternal Hydraulic Machine Co. Ltd.
• VBC Hydraulics
• VEJAN
• Vivoil Oleodinamica
• Vivolo s.r.l.
   

Hydraulic Motors Market Industry News

• In November 2023, Danfoss launched H1 fixed displacement bent axis hydraulic motor which provides an efficiency of 95% and improves productivity and reduces heat generation.
   

This market research report on hydraulic motors includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Product Type

• Gear motors
• Vane motors
• Piston motors

Market, By End User Industry

• Construction
• Agriculture
• Forestry
• Marine
• Oil & gas
• Industrial
• Mining
• Transport

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Belgium
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Vietnam
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin Americ 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Iran
  • Turkey
  • Rest of MEA