Hydraulic Motors Market

Market Overview:

The global hydraulic motors market reached a value of US$ 11.18 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 14.88 Billion by 2027, exhibiting a CAGR of 4.72% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Hydraulic motors refer to mechanical actuators that are powered by pressurized hydraulic fluid for converting hydrostatic energy into mechanical energy. They operate by pushing pistons, vanes, or gears attached with a crankshaft to generate torque and rotation. They offer low sensitivity to oil pollution, large rotational property, easy controllability, flexibility, and accuracy at lower costs on account of which they are utilized in mixers, self-driven cranes, rollers, drilling rigs, excavators, and conveyors. At present, hydraulic motors are broadly categorized into two varying types, including gear and vane hydraulic motors. Amongst these, gear motors are high-speed motors, whereas hydraulic vane motors are low-speed motors that operate at lower noise levels.

Hydraulic Motors Market Trends:

The widespread adoption of hydraulic motors across various industrial verticals, such as petrochemicals, aerospace, chemical, marine, and oil and gas on account of the increasing demand for efficient wheel loaders and hydraulic motors for optimizing manufacturing processes is acting as one of the major factors driving the market toward growth. In line with this, significant technological advancements, along with the widespread adoption of innovative approaches by manufacturers for maximizing outputs, while lowering overheads is acting as another growth-inducing factor. This is further supported by the favorable initiatives undertaken by the governments of various countries for strengthening industrial infrastructure. This, in turn, aids in minimizing the operational costs and capital expenditure, which is contributing to the market growth. Additionally, the extensive utilization of hydraulic motors in on-shore and off-shore oil exploration activities, along with its deployment in the agriculture sector in hydrostatically powered wheel motors, are propelling the market growth. Apart from this, the escalating construction activities and high infrastructural development across the globe are creating a positive outlook for the market. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hydraulic motors market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, speed and application.

Breakup by Type:

• Hydraulic Gear Motor
  • Gear Motor
  • Epicyclic Gear Motor
• Vane Motor
• Piston Motor
  • Radial Piston Motor
  • Axial Piston Motor
     

Breakup by Speed:

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

Breakup by Application:

• Off-Road
  • Construction Machinery
  • Agricultural Machinery
  • Mining Machinery
• Industrial
  • Manufacturing
  • Marine
     

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bezares SA, Bosch Rexforth AG (Robert Bosch GmbH), Bucher Hydraulics GmbH (Bucher Industries AG), Danfoss A/S, Eaton Corporation PLC, Hydro Leduc, Kawasaki Heavy Industries Ltd., M + S Hydraulic PLC, Maha Hydraulics Private Limited, Mitsubishi Heavy Industries Ltd., Parker-Hannifin Corporation, Permco Inc., Rotary Power and VELJAN Hydrair Private Ltd.

Report Coverage:

Key Questions Answered in This Report:

• How has the global hydraulic motors market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global hydraulic motors market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the speed?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global hydraulic motors market and who are the key players?
• What is the degree of competition in the industry?