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, 2023-2030

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.

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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

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.