Vietnam Fluid Power Equipment Market Size, Share, Trends and Forecast by Product, Component, End User, and Region, 2025-2033

Vietnam Fluid Power Equipment Market Overview:

The Vietnam fluid power equipment market size reached USD 207.60 Million in 2024. The market is projected to reach USD 350.74 Million by 2033, exhibiting a growth rate (CAGR) of 6.00% during 2025-2033. The market is witnessing consistent growth, fueled by the rising industrial automation and infrastructure expansion. Demand for hydraulic and pneumatic systems is growing across industries like manufacturing, construction, and agriculture, where they improve operational efficiency and productivity. Efforts by the government to modernize industrial capabilities and foreign investment further endorse the trend. As more and more industries embrace sophisticated fluid power solutions, the market is expected to grow further, impacting the Vietnam fluid power equipment market share.

Vietnam Fluid Power Equipment Market Trends:

Infrastructure Development Fuels Market Expansion

Vietnam’s expanding infrastructure projects are playing a vital role in increasing the demand for fluid power equipment, particularly within construction and transportation sectors. Large-scale initiatives such as highways, bridges, and urban development require efficient hydraulic systems to power heavy machinery like excavators, cranes, and loaders. In June 2024, data from the Ministry of Transport indicated a notable increase in the deployment of hydraulic-powered equipment across key infrastructure projects nationwide. Fluid power solutions enable greater precision, reliability, and operational safety, which are critical for meeting tight construction timelines and quality standards. The country’s commitment to enhancing its transportation network and urban infrastructure aligns closely with broader economic development objectives. These factors underline the significance of Vietnam fluid power equipment market trends, highlighting a steady shift toward more widespread adoption of fluid power technologies in infrastructure development. This sustained growth is expected to continue as infrastructure modernization remains a government priority, further supporting the expansion and technological advancement of the fluid power market.

Industrial Expansion Fueling Equipment Demand

Vietnam's industrialization is ongoing and driving demand for fluid power equipment in various industries such as manufacturing, construction, and energy. The growth in the complexity and size of industrial processes calls for effective hydraulic and pneumatic systems to aid in automation and accuracy in control. In March 2025, government reports highlighted massive investments in industrial parks and manufacturing facilities, attesting to the importance of fluid power technologies to drive productivity and process efficiency. These systems are critical to delivering dependable force and motion control in heavy machinery, facilitating smoother processes and improved quality of output. The increased focus on mechanization and automation in Vietnam's industry is setting positive prospects for the Vietnam fluid power equipment market growth. In addition, continued factory modernization efforts and investments in capability building are fueling the implementation of advanced fluid power solutions. This trend points to growing incorporation of fluid power technologies as an inherent driver of industrial growth and modernization in Vietnam.

Technological Innovations to Increase Operational Efficiency

Technological advancements in fluid power are leading to important enhancements in equipment reliability and efficiency in Vietnam's industrial and construction industries. The application of smart sensors and digital controls to hydraulic and pneumatic systems makes it possible to monitor equipment in real time, conduct predictive maintenance, and improve precision in operation. Such technologies enhance service life and minimize downtime, thereby reducing energy consumption and lowering costs of operations. In addition, advancements in materials and manufacturing processes have provided more robust, lighter-weight components that drive higher system performance and flexibility. The implementation of these advanced technologies facilitates the modernization of machinery deployed in a wide range of applications from manufacturing lines to heavy construction equipment. With industries in Vietnam still undergoing transformation, the emphasis on technology-based solutions is part of a larger movement toward sustainable and efficient operations. This strategy not only increases productivity but also conforms to international standards for industrial performance so that fluid power equipment continues to be a critical component of Vietnam's continued growth and competitiveness in regional markets.

Vietnam Fluid Power Equipment Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on product, component, and end user.

Product Insights:

• Hydraulics
• Pneumatics
• Others

The report has provided a detailed breakup and analysis of the market based on the product. This includes hydraulics, pneumatics, and others.

Component Insights:

• Pumps
• Motors
• Valves
• Cylinder
• Accumulators and Filters
• Others

A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes pumps, motors, valves, cylinder, accumulators and filters, and others.

End User Insights:

• Agricultural
• Aerospace
• Automotive
• Construction
• Others

The report has provided a detailed breakup and analysis of the market based on the end user. This includes agricultural, aerospace, automotive, construction, and others.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Fluid Power Equipment Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam fluid power equipment market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam fluid power equipment market on the basis of product?
• What is the breakup of the Vietnam fluid power equipment market on the basis of component?
• What is the breakup of the Vietnam fluid power equipment market on the basis of end user?
• What is the breakup of the Vietnam fluid power equipment market on the basis of region?
• What are the various stages in the value chain of the Vietnam fluid power equipment market? 
• What are the key driving factors and challenges in the Vietnam fluid power equipment market?
• What is the structure of the Vietnam fluid power equipment market and who are the key players?
• What is the degree of competition in the Vietnam fluid power equipment market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam fluid power equipment market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam fluid power equipment market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam fluid power equipment industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.