Market Snapshot
| Study Period: | 2020-2027 |
| Base Year: | 2021 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
| CAGR: | 4.5 % |
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Market Overview
The Mobile Hydraulic Pump Market registered a CAGR of 4.5% over the forecast period, 2021 - 2027. The infrastructural developments, automation across industries, such as manufacturing and automotive, and an increase in construction activities globally would be driving the growth prospects for hydraulic pumps until the forecast period.
· Mobile Hydraulic Pumps have become widespread across industries that convert mechanical power into hydraulic energy. These pumps are used on excavators, cranes, tractors, loaders, vacuum trucks, forestry equipment, graders, dump trucks, mining machinery, and other applications.
· The increasing number of innovations and the demands of the markets for high-performance, efficient high-pressure pumps and water hydraulics systems means that a high degree of specialist engineering knowledge and competence is required. As a result, continuous development of pumps and their integration into production processes in various application areas are necessary.
· However, the prices of sophisticated pumps that meet regulatory requirements are higher than those of standard pumps.
· Moreover, the need for mobile hydraulic pumps is driven by the increase in worldwide construction activities, rising automobile sales, and increased use in the mining industry. Furthermore, government regulations focus on reducing CO2 emissions and increasing public awareness regarding energy conservation. Such factors are expected to provide lucrative growth in the mobile hydraulic pump market during the forecast period.
Scope of the Report
Mobile hydraulic pumps are mechanical devices that convert mechanical power into hydraulic power. It generates a strong flow to overcome the pressure induced by the load. When a hydraulic pump operates, it creates a vacuum at the pump inlet, which forces liquid from the reservoir into the inlet line to the pump. By mechanical action, it delivers this liquid to the pump outlet and forces it into the hydraulic system.
The Global Hydraulic Pump Market is segmented by Product Type (Vane, Piston, Gear), by End-user Industry (Construction, Agriculture, Material Handling, Mining & Extraction, Aerospace and Defense, and Others), and By Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa).
| By Product Type | |
| Vane | |
| Piston | |
| Gear |
| By End-user Industry | |
| Construction | |
| Agriculture | |
| Material Handling | |
| Mining & Extraction | |
| Aerospace and Defense | |
| Others |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle-East and Africa |
Key Market Trends
Construction Industry to Dominate the Market
· Mobile Hydraulic Pumps, particularly gear pumps, are largely used in the construction industry. Extensive application of construction equipment in operations, such as excavation, earth-moving, and lifting and material handling, is expected to drive the market for construction equipment.
· Manufacturers are expanding their investments in machine tools in developed and developing countries to improve their production processes and systems. The building industry and hydraulic systems will benefit from the maturation of both areas in the coming years.
· In both developed and developing countries, manufacturers are increasing their investments in machine tools to enhance their production processes and systems. Both markets' maturity will help the construction sector and hydraulic systems throughout the next few years.
· The market is being propelled forward by an increase in construction activity and rising construction spending in various countries.
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Asia-Pacific to be the fastest growing market
· Rapid development and urbanization in important developing nations such as China and India are driving the expansion of the hydraulic pumps industry.
· Because of the expanding urban population, many countries are seeing fast industrialization. As a result, there has been an increase in consumer demands and products, affecting the expansion of end-use sectors.
· Owing to the presence of the leading consumers of hydraulic gear pumps due to the presence of several manufacturing facilities for construction equipment, material handling equipment, and construction equipment, including key players such as Mitsubishi, Hangcha Group, and Komatsu Ltd. Countries in the Asia-Pacific region held the major share.
· Due to the impact of COVID-19, the bulk of end-use sector companies are seeking to relocate their production facilities to India and ASEAN countries as an alternative to China. Supporting government actions may draw global players to these countries, which will directly impact the region's opportunities.
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Competitive Landscape
The mobile hydraulic pump market is quite competitive with the presence of diverse firms of different sizes. This market is anticipated to encounter a number of partnerships, mergers, and acquisitions as organizations continue to invest strategically in offsetting the present slowdowns that they are experiencing. The market comprises key solutions and service providers, Bosch Rexroth, Linde Hydraulics, Eaton Corporation, Kawasaki Precision Machinery, and Bondioli & Pavesi Inc.
· In April 2022, Linde Hydraulics invested EUR50 million across its global production network. The money would be used for upgrading its facilities in Germany and other international locations.
· In May 2021, Bosch Rexroth launched its fast and power-dense Hagglunds Atom hydraulic motor. The Hagglunds Atom hydraulic motor would be supplying more revolutions per minute, along with more power than motors of similar size. It would be ideal for mobile, marine, and recycling applications.
Recent Developments
· August 2021, Danfoss completed the acquisition of Eaton's hydraulics business following confirmation of all necessary regulatory approvals and closing conditions. The acquisition would support Danfoss Group's aim to expand its size by a third and establish itself as a global leader in mobile and industrial hydraulics.
· In April 2021, Eaton launched a new line of hydraulic pumps and motors designed for medium-duty propel applications in machinery such as aerial work platforms, boom lifts, ag sprayers, harvesters and windrowers, compactors, compactors, and compact track loaders, skid-steer loaders, turf mowers, and utility vehicles. The company's new line of hydraulic pumps would provide its customers with more flexibility and customization in designing mobile machines and provide OEMs the ability to combine improved control and accuracy as part of an advanced propel solution.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Intensity of Competitive Rivalry
4.3.5 Threat of Substitute Products
4.4 Impact of COVID-19 on the Industry
4.5 Technology Snapshot
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing use of IoT and digitization leading to smart hydraulic pump products
5.1.2 Demand for miniaturization of mobile hydraulic equipment
5.2 Market Restraints
5.2.1 Increasing presence of aftermarket suppliers and refurbished/used products in some end-users
6. MARKET SEGMENTATION
6.1 By Product Type
6.1.1 Vane
6.1.2 Piston
6.1.3 Gear
6.2 By End-user Industry
6.2.1 Construction
6.2.2 Agriculture
6.2.3 Material Handling
6.2.4 Mining & Extraction
6.2.5 Aerospace and Defense
6.2.6 Others
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Latin America
6.3.5 Middle-East and Africa
7. VENDOR RANKING ANALYSIS
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Bondioli & Pavesi Inc
8.1.2 Bosch Rexroth
8.1.3 Bucher Hydraulics (Bucher Industries AG)
8.1.4 Continental Hydraulics Inc
8.1.5 Daikin-Sauer-Danfoss Ltd
8.1.6 Dana Inc
8.1.7 Danfoss Power Solutions
8.1.8 Eaton Corporation
8.1.9 Fluidyne Fluid Power
8.1.10 HANSA-TMP S.r.l
8.1.11 HAWE Hydraulik SE
8.1.12 Jiangsu Hengli Hydraulic Co., Ltd
8.1.13 Hydro Leduc
8.1.14 Kawasaki Precision Machinery
8.1.15 KYB Americas Corporation
8.1.16 Liebherr Group
8.1.17 Linde Hydraulics
8.1.18 Mottrol Co., Ltd
8.1.19 Parker Hannifin Corporation
8.1.20 Poclain Hydraulics Inc
*List Not Exhaustive9. MARKET OUTLOOK
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Frequently Asked Questions
What is the study period of this market?
The Global Mobile Hydraulic Pump Market market is studied from 2020 - 2027.
What is the growth rate of Global Mobile Hydraulic Pump Market?
The Global Mobile Hydraulic Pump Market is growing at a CAGR of 4.5% over the next 5 years.
Which region has highest growth rate in Global Mobile Hydraulic Pump Market?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Mobile Hydraulic Pump Market?
Europe holds highest share in 2021.
Who are the key players in Global Mobile Hydraulic Pump Market?
Continental Hydraulics Inc, Bondioli & Pavesi Inc, Eaton Corporation, Kawasaki Precision Machinery, Parker Hannifin Corporation are the major companies operating in Global Mobile Hydraulic Pump Market.
