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Fluid Power Equipment Market Share

ID: MRFR//6463-HCR | 111 Pages | Author: Anshula Mandaokar| May 2024

How well a company uses smart price can make or break its progress in the fluid power tools market. Some businesses try to get a wide range of customers by selling goods at low prices. This is called "cost leadership." Some businesses charge more than others because they make specialized, high-quality tools or because they offer extra services like customization, maintenance, or training. Pricing decisions are often based on where a business stands in the market and the types of people it wants to bring in.

Joining forces and coordinating well is necessary to increase your share of the hydraulic power tools market. You can get knowledge, tools, and access to new markets by working with people who sell, make, or distribute technology. Businesses can get a bigger share of the market through strategic agreements and joint ventures. These allow them to add new goods, grow their marketing networks, and share their research and development (R&D) projects.

Companies that want to be the best at making fluid power tools need to plan how they spend their money on research and development (R&D). Through a mindset of constant innovation, businesses may be better able to adapt to their customers' changing wants, come up with new products, and use new technology. Developing fluid power equipment that goes above and beyond industry standards can give a company a competitive edge. This is possible thanks to improvements in manufacturing methods, materials, and design standards.

As part of customer-centric efforts that help with placing in terms of market share, there are training programs, options for personalization, and reliable customer service. Companies that put customer happiness first and offer unique solutions build strong relationships with their customers. This encourages customers to tell their friends about the company and keeps customers coming back. Also, providing thorough repair and after-sales support services can improve a business's reputation for dependability and customer service.

Companies that are pushing Industry 4.0 and other automation goals are becoming more and more interested in fluid power tools. Businesses can offer smart fluid power options by combining smart technology with data analytics and link features. Predictive repair, online tracking, and real-time data analytics all make machines work better and be more reliable, which meets the needs of businesses that are moving toward smart production.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2021
Historical Data 2018 & 2020
Forecast Period 2022-2030
Growth Rate 6.01% (2022-2030)

Global Fluid Power Equipment Market Overview

Fluid Power Equipment Market Size was valued at USD 23.45 Billion in 2021. The Fluid Power Equipment industry is projected to grow from USD 25.12 Billion in 2022 to USD 38.45 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.01% during the forecast period (2022 - 2030). Fluid power equipment is used for power transmission in different places. It is divided into two types hydraulic and pneumatic. 

A hydraulic system uses liquid for power transmission, while a pneumatic system uses gas. Fluid power equipment has electrical and mechanical advantages, accelerating the Market demand. The growth factors are driving the market at the level. The demand from the industrial verticals such as the food and beverage industry and the need for wastewater infrastructure are driving the market. The fluid power equipment has useful safety features for hazardous environments in industries.

Global Fluid Power Equipment Market Overview1

Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

Fluid Power Equipment Market Trends

  • Rising need for water and wastewater infrastructure to boost the market growth

The need for water and wastewater infrastructure is rising globally, as populations continue to grow and urbanize. This is putting strain on existing infrastructure and creating a need for new investment in water and wastewater treatment facilities. The market is expected to benefit from this trend, as demand for products such as pumps, valves, and actuators increases.

Fluid Power Equipment Market Segment Insights

Fluid Power Equipment Type Insights

The market segmentation, based on Type, includes Hydraulic and Pneumatic. The Hydraulic segment holds the majority share in 2021 of the market. Due to its efficiency and cost-effectiveness.

Fluid Power Equipment Component Insights

Based on Components, the market segmentation includes Pumps, Motors, Valves, Cylinders, Steel tubes and Compression Fitting, Accumulators and Accessories. The Motors segment is estimated to account for the largest share of the market. These motors play an important role in a wide range of industries such as automotive, and industrial. With their ability to provide high torque and power output, they are increasingly being adopted in a variety of applications. Moreover, advancements in technology have further enhanced their performance and efficiency making them more cost-effective for companies looking for reliable solutions.

Fluid Power Equipment Application Insights

Based on Application, the market segmentation includes Construction, Automotive, Oil & Gas, Food Processing, Packaging, Semiconductors, and Others. The Construction segment dominated the market in 2021. By utilizing fluid power technology, construction companies can increase efficiency and accuracy, reduce costs, and improve safety on the job site. This equipment is used in a wide range of applications including material handling, excavation, demolition, and more.

Figure 2 : Fluid Power Equipment Market, by Application, 2021 & 2030 (USD Billion)

Fluid Power Equipment Market, by Application,

Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

Fluid Power Equipment Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific held the largest share of the market due to the growing investment in construction activities in emerging nations, such as India and China. China is expected to account for the largest share of the regional market and India is expected to be the fastest-growing country in the region. The primary application area of the fluid power equipment in these sectors is fluid transfer. Such factors are likely to drive the market in the Asia-Pacific.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: Fluid Power Equipment Market Share By Region 2021 (%)

Fluid Power Equipment Market Share By Region 2021Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

Fluid Power Equipment Key Market Players & Competitive Insights

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Fluid Power Equipment industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Fluid Power Equipment industry to benefit customers and expand the market sector. The market has recently given medicine some of the most important advantages. Major market players, including Bosch Rexroth, Eaton Corporation, Parker Hannifin, Kawasaki, Daikin, and others, are attempting to increase market demand by funding R&D initiatives.

A supplier of drive and control technology is Bosch Rexroth. The business focuses on factory automation, machinery engineering and applications, and mobile machines. Its product categories include mobile hydraulics and electronics, industrial hydraulics, gear technology, tightening technology, electric motors and controls, molding and casting technology, and resistance welding.

Parker Hannifin is a manufacturer of motion and control technology and systems. It is divided into two business segments Diversified Industrial and Aerospace Systems. Diversified Industrial provides engineered materials, filtration, fluid connections, instrumentation, and motion systems. Fluid conveyance, fuel, fuel tank inerting, and hydraulic systems and components, as well as fluid metering, delivery, and atomization devices, wheels, brakes, pilot controls, and so on, are all provided by the Aerospace Systems section. Off-road machinery, transportation, oil and gas, industrial production equipment, power generation, healthcare and life sciences, and chemical processing are all markets served by the firm.

Key Companies in the Fluid Power Equipment market include

  • Bosch Rexroth

  • Eaton Corporation

  • Parker Hannifin

  • Kawasaki

  • Fluid-Power Equipment Inc

  • Sparrows Group

  • Fluid Systems Inc


  • Kent Fluid Power Ltd

  • Moog Inc

  • Daikin

Fluid Power Equipment Industry Development

In June 2022, Bosch Rexroth, a Germany-based engineering firm that provides hydraulic products partnered with AGILOX to open up the market for autonomous mobile robots. This partnership aimed to combine strong products and scale the presence.

In February 2022, AGILOX announced a partnership with Parker Hannifin Corporation. This partnership enables customers to receive real-time alerts and access diagnostic messages for Parker components and Cummins engines in a single dashboard. Cummins Inc. is a US-based company that manufactures filtration, engines, and power generation products.

March 2024, A global manufacturer of innovative, vastly designed power transmission and fluid power solutions, Gates, has disclosed its partnership and entry into the fast-mounting and evolving data center cooling market with CoolIT Systems. CoolIT Systems is the global leader in accessible liquid cooling technology for the world's most demanding computing environments. To fulfill the escalating demand in the AI, enterprise, and high-performance computing (HPC) markets, CoolIT is operating with Gates to build the most efficient and reliable liquid cooling solutions available in the market at present.

The collaboration involves developing advanced solutions and strengthening the supply chain between Gates' intense North America-based operations and CoolIT's Calgary, Canada production hub. Gates is using its technical expertise in materials science, thermal management, and fluid conveyance to provide reliable and efficient solutions for the data center cooling market. Gates' solutions incorporate a wide variety of highly engineered products that manage the rigorous demands of high-performance computing environments where uptime and reliability are crucial.

September 2023, The parent company of Aerox Aviation Oxygen Systems, O2 Aero Acquisitions, announced the acquisition of Fluid Power Inc., a longtime producer of aviation oxygen systems and concerned components for military use. Aerox stated that the addition extends its range of aviation oxygen systems while growing its global customer base. The O2 Aero managing director and Aerox president, Scott Ashton, said that the acquisition of Fluid Power will produce a balanced military and civil aviation product range and will offer better manufacturing capacity and engineering expertise.

He further added that Fluid Power has a 75-year legacy of servicing the aviation industry, offering advanced oxygen equipment as far back as the Korean War, and at present offers several oxygen components for military applications. Aerox stated the two organizations' product ranges are complementary and will enable them to cater to more segments of the aviation oxygen market.

Fluid Power Equipment Market Segmentation

Fluid Power Equipment Type Outlook

  • Hydraulic

  • Pneumatic

Fluid Power Equipment Component Outlook

  • Pumps

  • Motors

  • Valves

  • Cylinder

  • Steel Tube and Compression Fitting

  • Accumulators and Accessories

Fluid Power Equipment Application Outlook

  • Construction

  • Automotive

  • Oil & Gas

  • Food Processing

  • Packaging

  • Semiconductor

  • Others

Fluid Power Equipment Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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