Hydraulic Equipment Market

Hydraulic Equipment Market Set to Surge to USD 65.82 Billion by 2032, Driven by Industrial Automation

Straits Research reports that the global hydraulic equipment market, valued at USD 47.23 billion in 2024, is projected to reach USD 65.82 billion by 2032, driven by rising industrial automation and mechanized agriculture.

The worldwide Hydraulic Equipment Market is witnessing significant growth, valued at approximately USD 45.34 billion in 2023. Projections indicate that the market will expand from USD 47.23 billion in 2024 to reach an impressive USD 65.82 billion by 2032, registering a compound annual growth rate (CAGR) of 4.23% during the forecast period from 2024 to 2032.

This upward trajectory is primarily fueled by the growing reliance on hydraulic machinery across several industries including manufacturing, construction, agriculture, and mining. Hydraulic systems, which use pressurized liquid fluids to transmit power, serve as the backbone for various types of heavy-duty equipment such as excavators, loaders, cranes, and presses. Their ability to provide consistent force and smooth operation, regardless of speed changes, makes them indispensable in modern industrial applications.

For further details or to request a customized report on the hydraulic equipment market, please contact the analysts at Straits Research: https://straitsresearch.com/report/hydraulic-equipment-market/request-sample

Market Scope and Research Methodology

The comprehensive analysis conducted by Straits Research involves an extensive review of global industry trends, key technological advancements, and competitive landscapes. Our research methodology includes both primary and secondary data collection — engaging with industry experts, manufacturers, and stakeholders, as well as analyzing company reports, market databases, and government publications. The study segments the hydraulic equipment market by type, application, product, end-user industry, and geography, allowing for a detailed understanding of the market dynamics shaping its growth.

Market Segmentation Analysis

The hydraulic equipment market is categorized by application into mobile and industrial segments. Industrial hydraulic systems are widely utilized in packaging, food and beverage processing, printing, rubber, paper, and plastic industries. These systems offer precision control for molding, cutting, and material handling tasks—key functions driving industrial segment growth at an estimated CAGR of 3.7%.

The mobile segment comprises equipment used in construction, mining, agriculture, and forestry, including excavators, loaders, dump trucks, and tractors. Given the boom in infrastructure projects worldwide, this segment is experiencing rapid expansion. Innovations like Belaz’s hydraulic mining dump trucks equipped with advanced control systems illustrate the mobile sector's technological progress and growing market share.

Based on end-users, mining and construction dominate, followed by agriculture and forestry, packaging, material handling, and other industries including paper, plastics, and automotive. The mining & construction sector is innovating with smart solutions such as Doosan Infracore’s Machine Guidance technology, which enhances operational efficiency and reduces costs—boosting hydraulic equipment demand.

By product type, the market is divided into pumps, motors, valves, cylinders, and accessories. Hydraulic cylinders lead the segment due to their critical role in stability and load handling, with key launches like Komatsu’s PC2000-11 excavator highlighting continuous product development.

Regional Insights

Asia-Pacific remains the largest and fastest-growing market region, anticipated to grow at a CAGR of 4.5%. High population density and rapid industrialization in countries like China and India fuel demand across manufacturing, agriculture, construction, and mining sectors. Investments by companies such as Sun Hydraulics in new manufacturing facilities across Korea exemplify the region’s market dynamism.

North America ranks second in market size with a projected value surpassing USD 14.5 billion by 2030 and a CAGR of 3.5%. Growth in food & beverage, pharmaceutical, and FMCG sectors has increased the demand for hydraulic filling and packaging machinery. Industry leaders such as Liebherr, Hitachi, and Caterpillar continue to innovate hydraulic machinery for construction and mining applications, reinforcing market growth.

For further details or to request a customized report on the hydraulic equipment market, please contact the analysts at Straits Research: https://straitsresearch.com/report/hydraulic-equipment-market/request-sample

Key Players

Daikin Industries Ltd.
Danfoss A/S
Eaton Corporation
Emerson Electric Co.
Kawasaki Heavy Industries Ltd.
Komatsu Ltd.
Parker-Hannifin Corp.
Robert Bosch GmbH
Siemens AG
Wipro Limited

Conclusion

The hydraulic equipment market is poised for substantial growth driven by the continuous integration of automation and advanced technologies in various industries. Despite competitive pressures from electro-mechanical alternatives, ongoing innovations targeting energy efficiency and operational excellence are expected to sustain hydraulic systems’ relevance and expansion globally.

Frequently Asked Questions (FAQs)

Q1. What are the primary industries driving the demand for hydraulic equipment?
A1. Key industries include manufacturing, construction, agriculture, mining, packaging, and material handling, which rely heavily on hydraulic systems for heavy-duty and precision operations.

Q2. How is energy efficiency influencing hydraulic equipment market growth?
A2. The demand for energy-efficient hydraulic machines is rising due to their cost-saving potential and environmental benefits, leading manufacturers to develop advanced pump and valve technologies.

Q3. Which region leads the hydraulic equipment market?
A3. Asia-Pacific is the dominant market owing to rapid industrialization, population growth, and increased mechanization in agriculture and construction.