| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 3.12% |
| 乐鱼体育官网 Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Hydraulic Equipment 乐鱼体育官网 Analysis
The Asia-Pacific Hydraulic Equipment 乐鱼体育官网 is expected to register a CAGR of 3.12% during the forecast period.
- The hydraulic solution is gaining traction in recent years as they are easy to control and by far the most compact, lightweight, and reliable equipment compared to the traditional approach. Modern hydraulic equipment is accessible in several industries, including construction, roofing, material handling, masonry, automotive, aviation, and manufacturing.
- Moreover, as per the IOGP's Global Production Report 2019, demand for oil and gas is at the peak, greater than ever before, with dramatic growth in Africa, Asia Pacific, and the Middle East. This has fueled the investment in exploration and production of oil to meet the demand and supply. The key vendors are investing in the region to pursue the 'local for local' 乐鱼体育官网 approach to providing faster availability and shorter reaction times.
- For instance, in 2019, India's oil and gas sector witnessed investments around INR 5 trillion in exploration, distribution, 乐鱼体育官网ing, regasification, and pipeline network laying. Through this, the government expects the domestic natural gas production to increase by around 20% from 32.87 billion cubic meters in 2018-19 to 39.3 billion cubic meters by 2020-21. Within the oil and gas sector, gear pumps are replacing vane pumps, albeit slowly. This trend is expected to continue over the forecast period, which is likely to result in a slight decrease in the share of vane pumps in the hydraulic pump 乐鱼体育官网.
- However, the recent COVID-19 outbreak and nationwide lockdown have affected the regional manufacturing and industrial sector, especially in emerging countries like India, which is also expected to affect the 乐鱼体育官网. According to World Bank published, Southeast Asian countries like Thailand and Malaysia are expected to deal with the biggest manufacturing losses due to the COVID-19 outbreak, while Vietnam could record a below-average decrease in its economic activity.
Asia-Pacific Hydraulic Equipment 乐鱼体育官网 Trends
Construction Sector Will Experience Significant Growth and Drive the 乐鱼体育官网
- Asia Pacific region as a whole is united in experiencing substantial economic and population growth, which is expected to continue over the years and fuel the infrastructure development. According to the Asia Development Bank report, total infrastructure needs in the region will grow from USD 2.8 trillion (baseline estimate) to USD 3.1 trillion (climate-adjusted estimate). So, the total annual investment will range from USD 184 billion to USD 210 billion that would be utilized for large scale projects involving energy, road, rail, water, and other infrastructure. It is expected to drive the demand for hydraulic equipment in the construction sector.
- For instance, the Chinese government鈥檚 infrastructure spending grew by 3-5% in 2019, which includes USD 120 billion in railway construction and USD 270 billion in road and waterway projects. Moreover, sales of mobile crane trucks in the first half of 2019 was almost 40-50% higher, compared to the last year. One of the biggest Chinese company, Sany Heavy Industry, whose turnover grew 46% in 2018, has now become the sixth-largest equipment manufacturer in the world.
- Additionally, the infrastructure in India is also developing at an unprecedented rate; hence, the studied 乐鱼体育官网 vendors are also trying to utilize these opportunities. For instance, the Indian government plans to invest close to USD 1.4 trillion to build modern ports, highways, railways, airports, hospitals, and educational institutions to give a significant boost to the Indian economy. Big companies like Volvo are collaborating with government organizations. Domestic players, Bonfiglioli Transmissions, are also expanding their manufacturing facility to double the production in India.
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Automobile Sector Will Experience Significant Growth and Drive the 乐鱼体育官网
- Automotive is another sector where hydraulic equipment, like pumps, are finding massive applications, like in energy generation to run the vehicles. And with the recent trend of Electric Vehicle (EV) and the growing adoption of robots in automotive manufacturing, the studied 乐鱼体育官网 scope is further expanding. Although China was one of the major manufacturers, however, the recent US-China trade war and COVID-19 outbreak are forcing many manufacturing companies, including automotive, to shift to other South Asian countries like India and Vietnam.
- Additionally, in December 2019, Gates launched a new hydraulic hose, MXG 4K, in the Indian 乐鱼体育官网. According to the company, it is the next generation of premium hydraulic offerings that provides a highly flexible, lightweight, and compact design for the first fit, industrial, and automotive sector.
- Moreover, the smart factory adoption rate is highest in the automotive industry which is set to increase investment by over 60% in the next three years in order to gain productivity up to USD 167 billion. According to the report, 3 out of 10 automotive factories have been made smart in the past 1.5 to 2 years. For instance, Bosch invested EUR 31 million in an Indian plant that features the latest industry 4.0 solutions. It is expected to drive the automotive sector in Asian countries and will in turn fuel the hydraulic equipment 乐鱼体育官网 in the region.
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Asia-Pacific Hydraulic Equipment Industry Overview
The Asia-Pacific hydraulic equipment 乐鱼体育官网 is competitive and is dominated by a few major players like Bosch Rexroth AG, Emerson Electric Co., Danfoss Power Solutions, Parker-Hannifin Corporation , and Kawasaki Heavy Industries Ltd. These major players with a prominent share in the 乐鱼体育官网 are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their 乐鱼体育官网 share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their 乐鱼体育官网 presence by securing new contracts and by tapping new 乐鱼体育官网s.
- March 2020 - The Hydraulic Pump and Power Systems (HPS) Division of Parker Hannifin Corporation, launched a new online configuration tool for its Gold Cup Pump and Motor Series with support for additional product series planned in the future. The new eConfigurator tool will streamline a user's online configuration with a convenient embedded tool view, including model-based dimensioning and an extended product summary in one location.
Asia-Pacific Hydraulic Equipment 乐鱼体育官网 Leaders
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Bosch Rexroth AG
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Emerson Electric Co.
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Danfoss Power Solutions
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Parker-Hannifin Corporation
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Kawasaki Heavy Industries Ltd
- *Disclaimer: Major Players sorted in no particular order
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Asia-Pacific Hydraulic Equipment Industry Segmentation
Hydraulic equipment is the device that uses pressurized fluid to perform a multitude of machining operations. It operates with the help of a vast range of valves, pumps, filters, and actuators. Hydraulic power drives a variety of devices in a multitude of industries, and its application is widespread due to its versatility, and to the high levels of power that can be achieved through relatively simple means.
| By Hydraulic Equipment Type | Pump |
| Motor | |
| Valve | |
| Cylinder | |
| Accumulators & Filters | |
| Others (Transmission, Fluid Connectors, Auxiliary Components And Other Accessories) | |
| By End-User Industry | Construction |
| Agriculture | |
| Material Handling | |
| Oil & Gas | |
| Aerospace & Defense | |
| Other End-user Industries | |
| Machine Tools | |
| Other End-User Verticals | |
| By Country | China |
| Japan | |
| India | |
| South Korea | |
| Rest of Asia-Pacific |
By Hydraulic Equipment Type
| Pump |
| Motor |
| Valve |
| Cylinder |
| Accumulators & Filters |
| Others (Transmission, Fluid Connectors, Auxiliary Components And Other Accessories) |
By End-User Industry
| Construction |
| Agriculture |
| Material Handling |
| Oil & Gas |
| Aerospace & Defense |
| Other End-user Industries |
| Machine Tools |
| Other End-User Verticals |
By Country
| China |
| Japan |
| India |
| South Korea |
| Rest of Asia-Pacific |
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Asia-Pacific Hydraulic Equipment 乐鱼体育官网 Research FAQs
What is the current Asia-Pacific Hydraulic Equipment 乐鱼体育官网 size?
The Asia-Pacific Hydraulic Equipment 乐鱼体育官网 is projected to register a CAGR of 3.12% during the forecast period (2025-2030)
Who are the key players in Asia-Pacific Hydraulic Equipment 乐鱼体育官网?
Bosch Rexroth AG, Emerson Electric Co., Danfoss Power Solutions, Parker-Hannifin Corporation and Kawasaki Heavy Industries Ltd are the major companies operating in the Asia-Pacific Hydraulic Equipment 乐鱼体育官网.
What years does this Asia-Pacific Hydraulic Equipment 乐鱼体育官网 cover?
The report covers the Asia-Pacific Hydraulic Equipment 乐鱼体育官网 historical 乐鱼体育官网 size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Hydraulic Equipment 乐鱼体育官网 size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Asia-Pacific Hydraulic Equipment Industry Report
Statistics for the 2025 Asia-Pacific Hydraulic Equipment 乐鱼体育官网 share, size and revenue growth rate, created by Mordor Intelligence鈩� Industry Reports. Asia-Pacific Hydraulic Equipment analysis includes a 乐鱼体育官网 forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
