Hydraulic Motor Market Size, Share & Industry Analysis, By Type (Vane Motor, Gear Motor, Piston Motor, Others), By Application (Oil & Gas Industry, Marine/Shipyard, Processing Units, Bulk Material Handling, Others) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102754 | Status : Ongoing

KEY MARKET INSIGHTS

Hydraulic motors are used in numerous industries for a variety of applications such as lifting a load, processing material, bulk material handling, etc. It is one of the superior options for heavy-duty applications due to its high power density. A hydraulic motor converts hydrostatic energy into mechanical energy by pushing vanes, gears or pistons attached to a crankshaft. They are used in augers, conveyors, mixers, rollers, drilling rigs, excavators, and numerous industrial applications. The extensive infrastructural activities, coupled with population growth, might boost the manufacturing units. Furthermore, growing exploration & production activities, expansion of industries, rising capital expenditure for the advancement of technology likely to upsurge the demand for hydraulic motors.

The hydraulic motor market is classified into type and application. Type is further bifurcated into vane motor, gear motor, piston motor, and others. Piston motor expected to dominate the market owing to the ability to regulate variable fluid pressure. Hydraulic motors are used in the oil & gas industry, marine/shipyard, processing units, bulk material handling, and in several other applications. The extensive infrastructural activities set to drive the market

The economic outburst across the world increased the demand for infrastructure. Many countries and private companies are investing tremendously in the expansion of businesses. Furthermore, exponential population growth increased the consumption of energy and consumer goods, which directly affect the industrial output. In order to meet the extensive demand, companies are increasing their production, which projected to inflate the demand for hydraulic motor.

Key Market Driver -

High infrastructural development around the world

Key Market Restraint -

Availability of alternate technology

Electric motors preferred over hydraulic motors due to their precise operational capability. It also avoids the problem of oil spillage as it runs on electricity. However, hydraulic systems are quite bulky and require special attention due to high fluid pressure, which inhibits the growth of the market.

Key Players Covered:

The leading players in the hydraulic motor market are Eaton, Parker Hannifin, Danfoss, Bosch Rexroth, Poclain Hydraulics, Black Bruin Oy, Linde Hydraulics, Kirloskar Brothers Limited, Bucher Hydraulics, Kawasaki Precision Machinery (UK) Ltd and Sunfab Hydraulics AB.

Regional Analysis:

The hydraulic motor market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is one of the profitable markets for the growth of the industry owing to consistent E&P activities and presents some of the prominent manufacturing companies in the world. The United States is immensely contributing to space & aviation, maritime industry, information & communication technology, expansion of the food & beverage industry, which likely to inflate the demand for hydraulic motor. The hydraulic motor plays a significant role in shaping the dynamics of businesses in Europe. The enormous occurrence of automotive, aerospace & defense, chemicals, food & beverage industries set to boost the growth of the market.

To gain extensive insights into the market, Request for Customization

The exponential economic growth in India & China to become the superpower causing tremendous infrastructural activities. Indian government launched the Make in India program to attract foreign investors to set up their businesses. Also, the enormous population growth resulting in a rising demand for consumer goods. These factors set to drive the market. The enormous mining activities in African countries and rising exploration & production in the Middle East might boost the market.

Segmentation

ATTRIBUTE	DETAILS
By Type	Vane Motor Gear Motor Piston Motor Others
By Application	Oil & Gas Industry Marine/Shipyard Processing Units Bulk Material Handling Others
By Geography	North America (US and Canada) Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico and Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Key Industry Developments

In January 2020, Eaton recently declared to divest its Hydraulics business to Danfoss A/S for USD 3.3 billion in cash. The company’s hydraulics business accounted for 86% of the total revenue in 2019.

In November 2019, Bosch secured a contract from Fugro to maintain and improve Fugro Synergy’s hydraulic equipment. Bosch ensures all the smooth operation of equipment by doing comprehensive maintenance.

REQUEST SAMPLE

SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Multi-report Purchase Plan

Energy & Power Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )
+91 744 740 1245 (APAC)
[email protected]