Hydraulic Pumps Market Size, Share, Opportunities, And Trends By Type (Gear Pump, Piston Pump, Vane Pump, Screw Pump, Others), By Material (Aluminum, Stainless Steel), By End-User (Aerospace & Defense, Industrial, Automotive, Water Treatment, Construction, Others), And By Geography - Forecasts From 2025 To 2030

The hydraulic pumps market is anticipated to expand at a CAGR of 3.72% over the forecast period, increasing from US$12.409 billion in 2025 to US$14.897 billion by 2030.

A hydraulic pump is a machine by which mechanical energy is converted into hydraulic energy, which generates flow with sufficient pressure to overcome load resistance within the hydraulic system. Generally, the parts consist of an inlet port, outlet port, pumping element, and drive shaft. Various types of hydraulic pumps include gear pumps, vane pumps, and piston pumps. Their applications range from construction equipment to automotive as well as aerospace industries and the manufacturing industry.

Heavy machinery that makes use of hydraulic pumps is one of those areas that has created much demand in developing economies, such as China and India, due to increased industrialization and urbanization. As per UNTAD data, the increasing trend in urban population, which was valued at 4,540 million in 2022, will keep growing to reach a population of 6,605 million in 2050. Excavation, drilling, and material handling are therefore highly reliant on hydraulic-powered equipment used in the mining and construction industries for increasing demand for the exploration of natural resources and the construction of infrastructure

In addition, investments by governments worldwide in infrastructure projects like roads, bridges, and buildings are contributing to market expansion because they are critical components in construction machinery.

 What are the drivers of the hydraulic pump market?

• The growing businesses worldwide are predicted to promote the hydraulic pump market expansion.

The hydraulic pump market is incrementing mainly due to rising demands in infrastructure activity for various applications from the construction, civil engineering, mining, renewable energy, and aerospace industries for heavy machinery and equipment. Valuable infrastructure sectors such as construction, mining, and renewable energy are driving the increasing demands. As per the U.S. Census Bureau data, as of November 2024, there was an increase in construction spending in the USA from US$2,055.2 in September 2023 to US$2,148.8 in September 2024.

Moreover, growing urbanization, industrialization, and increasing government investment toward infrastructure projects are increasing globally. Further, since the use of digital technologies and automation are yielding increased demand for hydraulic pumps in automated systems, the trend will grow during the projected period. 

• The increasing demand in the automotive industry is anticipated to boost the hydraulic pumps market expansion.

The demand for hydraulic pumps will increase manifold in the automotive sector due to their applications in crucial areas within the vehicle system. Hydraulic pumps are being used for powering ABS braking systems, power steering systems, suspension systems, and transmission systems, enhancing vehicle performance and safety. 

Rising global automotive production, fueled by increased consumer demand and improvements in electric and hybrid vehicles, raises the demand for efficient hydraulic systems. Increased demand also arises from the trend toward automation and adoption of ADAS, requiring hydraulic pumps for smooth and reliable vehicle operation. Additionally, the growing need for electric vehicles (EVs) is pushing the demand for hydraulic pumps. According to the International Energy Agency, almost 14 million new electric vehicles were registered in 2023, which accounted for 18% of the total automobiles compared to 14% in 2022.

As the automotive industry grows, the demand for hydraulic pumps will also expand accordingly in the projected period. For instance, according to the International Organization of Motor Vehicle Manufacturers, the number of manufactured in 2022 was 6,15,98,650 by all major countries combined, which increased by 10%, reaching 6,71,33,570 in 2023. The increasing demand for passenger cars and the growing automotive sector will positively impact the hydraulic pump market in the projected period. 

What are the key geographical trends shaping the hydraulic pump market?

Based on geography, the hydraulic pumps market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The United States held a considerable market share in the North American region. The hydraulic pump market in the United States will increase rapidly owing to several factors, such as the expansion of key sectors such as construction, automotive, and energy production. The increasing demand for hydraulic pumps is attributed to their critical role in powering heavy machinery and equipment used across various applications, making them indispensable in modern industrial operations.

One of the primary drivers for this market’s growth is the ongoing boom in infrastructure development across the U.S. The government’s commitment to enhancing infrastructure through substantial investments has led to a surge in construction projects. Hydraulic pumps are essential components in heavy machinery, including excavators, cranes, and bulldozers, vital for executing large-scale construction tasks.

Additionally, the automotive sector is also contributing significantly to the demand for hydraulic pumps. As vehicle production ramps up, especially with the rise of EVs, the need for hydraulic systems in applications such as power steering and braking becomes increasingly important. In this regard, according to the International Energy Agency, in 2023, the United States witnessed an increase in its electric car registrations, which came out to be 1.4 million in 2023, increasing by more than 40% compared to 2022.

Furthermore, substantial investments in the energy sector, particularly in renewable energy and power generation, are fueling demand for hydraulic pumps. The U.S. government has announced significant funding aimed at enhancing power generation capabilities, including upgrading existing hydraulic systems for improved efficiency and reliability. Additionally, strategic developments are also playing a crucial role in driving the market’s growth. For instance, in June 2023, SPX FLOW, Inc. released the new PE60 Series hydraulic pump, designed for versatility and usability. This pump offers increased control technology, auto-cycle functionality, longer runtime, and "plug and play" accessories. It is suitable for high-pressure bolting tool applications like power generation, machinery maintenance, construction, and utility. The pump is designed for torquing applications and features a hand-control pendant design for operator comfort, reducing fatigue, and allowing long-term pump control.

Recent developments in the hydraulic pumps market:

• August 2024- The T7G Series of hydraulic pumps for trucks was introduced by Parker Hannifin for use in trucks. The hydraulic pumps are more powerful with their stronger housings and variable speed drive technology, making them fit for installation within any truck complying with the ISO 7653 mounting standard.

Hydraulic Pumps Market Scope:

Report Metric	Details
Hydraulic Pumps Market Size in 2025	US$12.409 billion
Hydraulic Pumps Market Size in 2030	US$14.897 billion
Growth Rate	CAGR of 3.72%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Type Material End-User Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Hydraulic Pumps Market	Bosch Rexroth Danfoss Eaton Corporation Hydraulic & Pneumatic Products Kawasaki Heavy Industries, Ltd.
Customization Scope	Free report customization with purchase

The hydraulic pumps market is analyzed into the following segments:

• By Type
  • Gear Pump
  • Piston Pump
  • Vane Pump
  • Screw Pump
  • Others
• By Material
  • Aluminium
  • Stainless Steel
• By End-User
  • Aerospace & Defense
  • Industrial
  • Automotive
  • Water Treatment
  • Construction
  • Other
• By Geography
  • North America
    • USA
    • Canada              
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. HYDRAULIC PUMPS MARKET BY TYPE

5.1. Introduction

5.2. Gear Pump

5.3. Piston Pump

5.4. Vane Pump

5.5. Screw Pump

5.6. Others

6. HYDRAULIC PUMPS MARKET BY MATERIAL

6.1. Introduction

6.2. Aluminium

6.3. Stainless Steel

7. HYDRAULIC PUMPS MARKET BY END-USER

7.1. Introduction

7.2. Aerospace & Defense

7.3. Industrial

7.4. Automotive

7.5. Water Treatment

7.6. Construction

7.7. Others

8. HYDRAULIC PUMPS MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By Material

8.2.3. By End-User

8.2.4. By Country

8.2.4.1. USA

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Type

8.3.2. By Material

8.3.3. By End-User

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Type

8.4.2. By Material

8.4.3. By End-User

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.2. Germany

8.4.4.3. France

8.4.4.4. Spain

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By Material

8.5.3. By End-User

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Others

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By Material

8.6.3. By End-User

8.6.4. By Country

8.6.4.1. Japan

8.6.4.2. China

8.6.4.3. India

8.6.4.4. Australia

8.6.4.5. South Korea

8.6.4.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Bosch Rexroth

10.2. Danfoss

10.3. Eaton Corporation 

10.4. Hydraulic & Pneumatic Products

10.5. Kawasaki Heavy Industries, Ltd.

10.6. Nabtesco Motion Control, Inc.

10.7. Panagon Systems, Inc.

10.8. PARKER HANNIFIN CORP

10.9. Poclain

10.10. Yeoshe Hydraulics Technology Co. Ltd.

10.11. Yuken Kogyo

Bosch Rexroth

Danfoss

Eaton Corporation 

Hydraulic & Pneumatic Products

Kawasaki Heavy Industries, Ltd.

Nabtesco Motion Control, Inc.

Panagon Systems, Inc.

PARKER HANNIFIN CORP

Poclain

Yeoshe Hydraulics Technology Co. Ltd.

Yuken Kogyo