Global Hydraulic Motors Market Size Likely to Grow at a CAGR of 5% By 2033

As per the current market research conducted by the CMI Team, the global Hydraulic Motors Market size is expected to record a CAGR of 5% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 12,752.9 Million. By 2033, the valuation is anticipated to reach USD 19,802.8 Million.

Hydraulic Motors Specifications

Source: According to CMI Market Research Team Analysis

Hydraulic Motors Market: Growth Factors and Dynamics

• Increasing Industrial Automation: This can be attributed to the increasing industrialization and use of automated machinery which in turn fuels the demand for hydraulic motors. These motors deliver efficient power transmission and control of several automations making the processes quicker and more productive.

• Expansion of Construction and Agriculture Sectors: Hydraulic motor demand in the products used in the construction and agriculture industry grows steadily due to the construction boom and the production of equipment supporting agriculture activities. Hydraulic motors which remain vital in the operation of construction plants and equipment for construction, agriculture vehicles and equipment also help the sector growth.

• Technological Advancements: Advancements in hydraulic motor features including efficiency, durability and variable displacement are the main reasons pushing the market forward. Improvement in technology and materials leads to increased effectiveness and sturdiness, which promotes hydraulic motors for various operations.

• Rising Demand for Mobile Equipment: The tyres themselves use hydraulic motors for their lateral movement and mobile equipment such as construction and agricultural machinery applies hydraulic motors making this market popular. These motors are important for executing many operations from a mobile equipment aspect which is driving the market.

• Growing Infrastructure Projects: Due to enhancement in infrastructure development projects globally such as transportation and urban development, the demand for hydraulic motors increases as these motors are used mostly in infrastructural development projects. These motors are applied in pieces of infrastructure equipment, for instance, cranes, and excavators.

• Energy Efficiency and Environmental Regulations: Government and regulatory bodies across the world set high standards of energy and efficiency and environmental standards which push the development and procurement of improved hydraulic motors that make better performance with even lesser energy consumption. Owing to the requirements of these regulations, more efficient hydraulic motor technologies are invented and implemented.

• Rising Adoption of Renewable Energy: The growing focus on renewable energy sources, such as wind and solar power, boosts the demand for hydraulic motors used in related equipment. Hydraulic motors are employed in wind turbine systems and other renewable energy applications, supporting the expansion of the green energy sector.

Hydraulic Motors Market: Partnership and Acquisitions

• In 2023, Danfoss bolstered its “Make in India for India and the World” initiative by locally producing hydraulic hoses (Winner EC110 and EC210). This move enhances fluid conveyance solutions in India and supports its expansion across multiple manufacturing facilities.

• In 2022, HAWE introduced the HICON mini hydraulic power pack, originally designed for recreational boats. Its waterproof design allows for adaptability to various applications, making it a versatile solution for different hydraulic needs across diverse environments.

Report Scope

Hydraulic Motors Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Hydraulic Motors Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Supply Chain Disruptions: The COVID-19 pandemic led to significant disruptions in global supply chains, affecting the availability of raw materials and components for hydraulic motors. This resulted in delays, increased costs, and reduced production capabilities for manufacturers.

• Reduced Industrial Activity: Lockdowns and restrictions during the pandemic slowed down industrial activity and construction projects, leading to decreased demand for hydraulic motors. Many sectors, including construction and manufacturing, faced temporary shutdowns or reduced operations.

• Resumption of Industrial and Construction Activities: As restrictions eased, industrial and construction activities resumed, driving a rebound in demand for hydraulic motors. The recovery in these sectors supported a gradual return to pre-pandemic levels of market activity.

• Enhanced Digital and Remote Solutions: The pandemic accelerated the adoption of digital and remote solutions, including virtual maintenance and diagnostics. Manufacturers and end-users increasingly adopted these technologies, improving operational efficiency and supporting market recovery.

• Increased Focus on Supply Chain Resilience: Companies invested in strengthening and diversifying their supply chains to mitigate future disruptions. Enhanced supply chain resilience helped stabilize production and distribution, contributing to market recovery.

• Government Stimulus and Infrastructure Investments: Government stimulus packages and infrastructure investments provided a boost to sectors reliant on hydraulic motors. Increased funding for infrastructure projects spurred demand for hydraulic equipment and facilitated market growth.

• Adoption of Advanced Technologies: The pandemic accelerated the development and adoption of advanced hydraulic motor technologies, including energy-efficient and durable models. Innovations and technological advancements supported the recovery by enhancing product offerings and meeting evolving market needs.

• Growing Emphasis on Automation and Efficiency: The pandemic underscored the need for automation and operational efficiency to cope with workforce shortages and disruptions. This trend drove demand for advanced hydraulic motors that offer higher performance and reliability, supporting market recovery as industries sought to modernize and streamline their operations.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Hydraulic Motors Market, with some challenges and opportunities arising from the pandemic in the market.

List of the prominent players in the Hydraulic Motors Market:

• Bosch Rexroth AG
• Eaton Corporation plc
• Parker Hannifin Corporation
• Hydac International GmbH
• Sun Hydraulics Corporation
• Moog Inc.
• Danfoss Group
• Kawasaki Heavy Industries Ltd.
• Char-Lynn (part of Eaton)
• Linde Hydraulics GmbH & Co. KG
• JCB (J.C. Bamford Excavators Ltd.)
• Komatsu Ltd.
• Hitachi Construction Machinery Co. Ltd.
• Danfoss Power Solutions
• Tennant Company
• Others

The Hydraulic Motors Market is segmented as follows:

By Product Type

• Gear Motor
• Vane Motor
• Axial Piston Motors
• Radial Piston Motors

By Speed

• Low-Speed (< 500 Rpm)
• High-Speed (>500 Rpm)

By Pressure Rating

• Low Pressure
• Medium Pressure
• High Pressure

By Application

• Mining & Construction
• Oil & Gas
• Agriculture & Forestry
• Automotive
• Packaging
• Machine Tool
• Material Handling
• Aerospace & Defense
• Others

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