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Hydraulic Pumps Market Research Report Information by Type (Gear Pump, Vane Pump, Piston Pump, Others) By Application (Construction, Automotive, Others), By Control Type (Manual Control and Selectable Joystick Control (SJC)) And By Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast Till 2030


ID: MRFR/E&P/6267-CR | 179 Pages | Author: Chitranshi Jaiswal| January 2024

Hydraulic Pumps Market Summary

As per Market Research Future Analysis, the Global Hydraulic Pumps Market was valued at USD 9,149.8 Million in 2022 and is projected to grow to USD 13,190.4 Million by 2030, with a CAGR of 4.7% from 2024 to 2030. The market is driven by increasing construction activities, rising automobile sales, and heightened demand in the mining industry. Hydraulic pumps are essential in various applications, including construction machinery, automotive systems, and wastewater treatment plants, enhancing efficiency and reducing costs. The Asia Pacific region is the fastest-growing segment, expected to reach USD 5,628.7 Million by 2030, while North America follows with significant growth.

Key Market Trends & Highlights

Key trends driving the hydraulic pumps market include industrial growth and technological advancements.

  • Hydraulic pumps in construction accounted for 46.7% market share in 2022, valued at USD 4,274.4 Million.
  • The gear pump segment led the market with 46.2% share, valued at USD 4,225.3 Million in 2022.
  • Asia Pacific is projected to grow at a CAGR of 5.5%, reaching USD 5,628.7 Million by 2030.
  • SJC control segment held 70.7% market share in 2022, valued at USD 6,470.4 Million.

Market Size & Forecast

2022 Market Size: USD 9,149.8 Million
2023 Market Size: USD 9,537.6 Million
2030 Market Size: USD 13,190.4 Million
CAGR (2024-2030): 4.7%
Fastest Growing Region: Asia Pacific.

Major Players

Key players include Bosch Rexroth, Eaton, Parker Hannifin, Bucher Hydraulics, and Hydac.

Such pumps maintain the flow with enough power to overcome pressure induced by load at the pump outlet. During hydraulic pump operations, the vacuum created at the pump inlet forces the liquid from the reservoir into the pump’s inlet line. The mechanical force enables the delivery of this liquid to the pump's outlet and forces it into the hydraulic system thereafter. Hydraulic pumps are used in hydraulic power transmission systems for industrial and mobile applications. In the industrial segment, such pumps are used in injection molding machines, material handling, conveyors, forklifts, foundries, slitters, presses (shear, stamping, or bending), lifts, mixers, pallet jacks, steel mills, and others.

The need for hydraulic pumps is driven by increase in worldwide construction activities, rising automobile sales, and increased use in the mining industry. Furthermore, government regulations focusing on reduction of CO2 emission and increasing public awareness regarding energy conservation. Such factors are expected to provide lucrative growth in the hydraulic pump market during the forecast period. Further, the growing investment in R&D by major players coupled with advancing technologies will create lucrative opportunities for the growth of the market over the forecasting period.

Global Hydraulic Pumps Market Overview

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Hydrauic Pumps Market Trends

    • The Growth of Worldwide Construction, Mining and Automotive Industries

The key factor impacting the growth of the hydraulic pump market is the growth of the application industries. Hydraulic pumps have a huge application in the construction, mining, and automotive industries. Additionally, there is an increase in industrialization and urbanization in developing countries such as China and India. These countries are in a phase of witnessing rapid industrialization due to increasing population. This has led to a surge in consumer needs for products accelerating the growth of end-use industries.

Most of the construction machinery including earthmoving equipment requires a lot of power, and this can be increased above machinery capacity by using a hydraulic pump. And certain activities in construction require low power such as fine grading of embankments or excavating over mains power, and gas or sewage pipes that require control. When used in combination with the modes available on the machinery, a hydraulic pump can help to control this. Hydraulic pumps play an important role in the construction industry as they not only save the overall cost but also save a lot of time. These benefits that hydraulic pump offer is increasing their demand in construction.

Another application industry for the hydraulic pump is the automotive industry. Hydraulics are used in every phase of the automotive industry's production. This involves the use of hydraulic industrial equipment throughout the manufacturing process as well as minor hydraulic systems that assist the car in its daily operations. The brakes are the most visible hydraulic system in a car. Simply depressing the brake pedal slows down the vehicle. This is feasible because hydraulic fluid generates pressure, which activates the car's braking system.

The cumulative growth of these application industries has had a direct impact on hydraulic pump demand. The demand is expected to grow strongly during the forecast period, with a large number of manufacturing industries being established and planned expansions taking place across industries.

    • Increasing Use of Hydraulic Pumps in Wastewater Treatment Plants

As the world's population expands, so does the water demand. People need clean water for drinking, cooking, and cleaning, while industrial facilities need clean water for cooling and other functions. Furthermore, agriculture is a big water consumer, consuming around 70% of the world's fresh water for irrigation.

Water treatment plants are built to speed up the natural purification process. The natural process is overburdened by an increasing number of humans and significantly more wastewater. The amount of effluent would wreak devastation without wastewater treatment, as it does today in underdeveloped countries. In the countries that do have water treatment facilities, they use a variety of technologies to purify water and return it to the environment, to keep humans and the environment safe and thriving.

The basic job of wastewater treatment plants is to purify sewage. However, wastewater – and the components that make it up – are now also being utilized in innovative agricultural solutions. Cities already have wastewater treatment facilities. They are also equipped with all of the necessary equipment for growing agricultural produce in greenhouses. The governments and other organizations are aiming to connect with wastewater treatment plants to develop an agricultural system for high-quality urban vegetable growing.

Pumps are used for a variety of purposes in water treatment plants, including low-lift service, coagulant feed, carbon slurry transfer, and feed, fluoride feed, sample delivery from selected points to the chemical laboratory, plant water supply, wash water supply, surface wash supply, and high service pumpage to the distribution system. All these are made much more cost-effective and easier with the use of hydraulic pumps. And hence, the demand for hydraulic pumps in water treatment is increasing.

Hydraulic Pumps Market Segment Insights

Hydraulic Pumps Market by Type Insights

Based on application, the hydraulic pumps market has been segmented into gear pump, vane pump, and piston pump. In 2022, the gear pump segment drove the Hydraulic Pumps Market by holding a substantial market share of 46.2% with a market value of USD 4,225.3 million. It is projected to register a CAGR of 4.2% during the projected timeframe.

Hydraulic Pumps Market by Application Insights

Based on application, the hydraulic pumps market has been segmented into construction, automotive, and others. In 2022, the construction segment drove the Hydraulic Pumps Market by holding a substantial market share of 46.7% with a market value of USD 4,274.4 million. It is projected to register a CAGR of 3.9% during the projected timeframe.

Hydraulic Pumps Market by Control Type Insights

Based on Control Type, the hydraulic pumps market has been segmented into manual control and SJC Control. In 2022, the SJC control segment drove the Hydraulic Pumps Market by holding a substantial market share of 70.7% with a market value of USD 6,470.4 million. It is projected to register a CAGR of 5.0% during the projected timeframe.

Hydraulic Pumps Market Regional Insights

By region, the global market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among these, the Asia Pacific emerged as the leading and the fastest-growing segment with a CAGR of 5.5%. The segment is projected to reach a value of USD 5,628.7 million by the end of the forecast period. The North America region accounted for the second-largest growing segment with a healthy CAGR of 3.9%.

Hydraulic Pumps Key Market Players & Competitive Insights

In the hydraulic pumps market, several key players have established themselves as major contributors to the industry's growth and innovation. Among these prominent players are Bosch Roxroth, Eaton, Parker Hannifin, Bucher Hydraulics, Hydac, and Bondoli& Pavesi SpA.

The hydraulic pumps market is moderately competitive as key players are being acquired by prominent players. The acquisition of major players has hampered the market competition and offers manipulative pricing by the giant players. Corporate strategies such as public and private alliances, and other strategic decisions are undertaken to achieve operational efficiency.

The demand for hydraulic pumps products is accelerating owing to increasing excavation procedures in smart city development projects, rising usage of forestry equipment for forest conservation and growing application of dump trucks in municipality. The funding levels have improved in the last few years and the global hydraulic pumps providers are investing huge amounts in innovation and product development. The investment by the players in the region is accelerated due to growing application of hydraulic pumps in different industry verticals. Over the last few years, the market players are involved in R&D activities for the development of products with higher efficiency and accuracy. In addition, the market players are adopting marketing strategies such as campaigns, and remarketing to increase the product awareness. Moreover, the key players have adopted different business approaches to gain a competitive edge across the globe.

The business representations in the hydraulic pumps market include research & development, product launch, partnerships, and commercialization of the products. The hydraulic pump manufacturers are adopting business approaches such as new product innovations to gain the competitive edge over the market players. For instance, in February 2022 Nachi launched PZH-1B, the smallest-size model for the PZH-series high-pressure variable displacement piston pumps.

Moreover, in March 2020 the Hydraulic Pump and Power Systems (HPS) Division of Parker Hannifin Corporation announced a new online configuration tool for its Gold Cup Pump and Motor Series with support for additional product series planned in the future. The eConfigurator tool is designed to help streamline a user’s online configuration with an embedded tool view that includes model-based dimensioning and an extended product summary.

Key Companies in the Hydraulic Pumps Market includes:

    • Hydac INTERNATIONAL GmbH
    • Hengli Hydraulic
    • Hydro Leduc
    • KYB Corporation
    • HAWE Hydraulik SE
    • NACHI-FUJIKOSHI CORP
    • Casappa S.P.A
    • Concentric AB
    • DAIKIN INDUSTRIES, Ltd
    • Dana limited
    • Eaton
    • FluiDyne
    • Moog Inc
    • Mottrol
    • PARKER HANNIFIN CORPORATION
    • Bondioli & Pavesi S.p.A
    • Bucher Hydraulics GmbH
    • Continental hydraulics, inc.
    • Liebherr-International AG
    • Danfoss Power Solutions
    • Kawasaki Heavy Industries Ltd
    • linde hydraulics
    • Poclain Hydraulics

Hydraulic Pumps Market Developments

  • Q2 2024: Parker Hannifin Announces Opening of New Hydraulic Pump Manufacturing Facility in India Parker Hannifin opened a new state-of-the-art manufacturing facility in Chennai, India, dedicated to the production of advanced hydraulic pumps for industrial and mobile applications. The facility aims to meet growing demand in the Asia-Pacific region and expand Parker's global manufacturing footprint.
  • Q2 2024: Bosch Rexroth Launches New Generation of Energy-Efficient Hydraulic Pumps Bosch Rexroth introduced its latest line of energy-efficient hydraulic pumps, featuring smart control technology and improved durability, targeting the construction and manufacturing sectors. The new product line is designed to help customers reduce energy consumption and maintenance costs.
  • Q3 2024: Eaton Secures Major Contract to Supply Hydraulic Pumps for U.S. Defense Vehicles Eaton announced it has been awarded a multi-year contract to supply high-performance hydraulic pumps for a new fleet of U.S. military ground vehicles. The contract is valued at over $100 million and will support Eaton’s continued growth in the defense sector.
  • Q1 2024: Danfoss Acquires Minority Stake in Hydraulic Pump Startup FluidTech Danfoss announced the acquisition of a 25% stake in FluidTech, a startup specializing in digital hydraulic pump solutions. The investment aims to accelerate the development of smart, connected hydraulic systems for industrial automation.
  • Q2 2025: Hydac International Announces Partnership with Siemens for Smart Hydraulic Pump Integration Hydac International and Siemens entered a strategic partnership to integrate Siemens’ IoT platform with Hydac’s hydraulic pumps, enabling predictive maintenance and real-time performance monitoring for industrial customers.
  • Q1 2025: Parker Hannifin Appoints New President for Hydraulic Pump Division Parker Hannifin announced the appointment of Maria Lopez as President of its Hydraulic Pump Division, effective March 2025. Lopez will oversee global operations and drive innovation in pump technology.
  • Q3 2024: CNH Industrial Launches Next-Generation Hydraulic Pumps for Agricultural Equipment CNH Industrial unveiled a new series of high-efficiency hydraulic pumps designed for its latest line of agricultural machinery. The pumps offer improved fuel efficiency and reduced emissions, supporting sustainable farming initiatives.
  • Q2 2024: Epiroc Acquires U.S.-Based Hydraulic Pump Manufacturer PumpTech Inc. Epiroc completed the acquisition of PumpTech Inc., a U.S. manufacturer of specialized hydraulic pumps for mining and construction. The deal strengthens Epiroc’s product portfolio and expands its presence in North America.
  • Q4 2024: Yuken Europe Opens New R&D Center for Hydraulic Pump Innovation Yuken Europe inaugurated a new research and development center in the UK focused on advanced hydraulic pump technologies, including digital control and energy-saving solutions. The center will collaborate with local universities and industry partners.
  • Q1 2025: Bosch Rexroth Wins Contract to Supply Hydraulic Pumps for Major European Infrastructure Project Bosch Rexroth secured a contract to deliver custom hydraulic pumps for a large-scale infrastructure project in Europe, supporting bridge and tunnel construction. The project highlights the company’s engineering capabilities in complex civil works.
  • Q2 2025: Kawasaki Heavy Industries Announces $50 Million Investment in Hydraulic Pump Production Expansion Kawasaki Heavy Industries revealed plans to invest $50 million to expand its hydraulic pump manufacturing capacity in Japan, citing rising demand from the construction and renewable energy sectors.
  • Q3 2025: Eaton Launches Digital Hydraulic Pump Platform for Industrial Automation Eaton introduced a new digital platform for its hydraulic pumps, enabling remote diagnostics, performance optimization, and integration with factory automation systems. The platform aims to enhance operational efficiency for industrial customers.

Hydraulic Pumps Segmentation

Hydraulic Pumps Type Outlook

    • Gear Pump
    • Vane Pump
    • Piston Pump

Hydraulic Pumps Application Outlook

    • Construction
    • Automotive
    • Others

Hydraulic Pumps Control Type Outlook

    • Manual Control
    • Selectable Joystick Controls (SJC)

Hydraulic Pumps Regional Outlook

    • North America
      • US
      • Canada
    • Mexico
      • Europe
      • Germany
      • France
      • UK
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia-Pacific
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of Middle East & Africa
      • South America
      • Brazil
      • Argentina
      • Rest of South America
Report Attribute/Metric Details
Market Size 2022 USD 9,149.8 Million
Market Size 2023 USD 9,537.6 Million
Market Size 2030 USD 13,190.4 Million
Compound Annual Growth Rate (CAGR) 4.7% (2024-2030)
Base Year 2023
Forecast Period 2024-2030
Historical Data 2019 – 2021
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Control Type
Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America
Countries Covered The U.S, Canada, Mexico, Germany, France, UK, Italy, China, Japan, India, South Korea, South Africa, Saudi Arabia, UAE, Brazil, Argentina, and others
Key Companies Profiled HANSA-TMP, Hydac INTERNATIONAL GmbH, Hengli Hydraulic, Hydro Leduc, KYB Corporation, HAWE Hydraulik SE, NACHI-FUJIKOSHI CORP, Casappa S.P.A, Concentric AB, DAIKIN INDUSTRIES, Ltd, Dana limited, Eaton, FluiDyne, Moog Inc
Key Market Opportunities ·       Government regulations focusing on the reduction of co2 emissions coupled with public awareness regarding energy conservation
Key Market Dynamics ·       The growth of worldwide construction, mining, and automotive industries·       Increasing use of hydraulic pumps in wastewater treatment plants


Frequently Asked Questions (FAQ):

The Hydraulic Pumps market is USD 9149.8 million in the year 2022.

The growth rate of Hydraulic Pumps Market is 4.7%.

The Asia-Pacific region held the largest market share in the Hydraulic Pumps market.

HANSA-TMP, Hydac INTERNATIONAL GmbH, Hengli Hydraulic, Hydro Leduc, KYB Corporation.

Which type had the largest share in Hydraulic Pumps Market?

The construction segment have the largest market share in Hydraulic Pumps Market.

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