Europe Hydraulic Pumps Market Forecast to 2030
Europe Hydraulic Pumps Market Forecast to 2030 – Regional Analysis – by Type (Gear Pump, Piston Pump, and Vane Pump) and Application (Construction, Commercial Vehicles, Agriculture Vehicles, Aerospace, and Others)
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Description
Growing Demand from Automotive Industry Drives Europe Hydraulic Pumps Market
Hydraulic pumps are highly used in industries such as aerospace, construction, agriculture, and automotive for lifting heavy loads. The expansion of these industries is creating a demand for hydraulic pumps among users. The automotive industry extensively uses hydraulic pumps in numerous applications, such as brakes, power steering, and transmission systems. Hydraulic pumps are used to make easier and comfortable for the driver to steer when driving. Hydraulic pumps are widely used in automobiles for energy production and vehicle propulsion. The market is growing due to the recent trend of electric vehicles (EVs) and the increasing use of robots in automotive manufacturing. For instance, according to the International Energy Agency (IEA), electric vehicle sales increased by 10 million in 2022. Approximately 14% of all new cars sold across the globe were electric. The increasing sales of electric cars globally raise the adoption of hydraulic pumps among automotive manufacturers. Hydraulic pumps are used in advanced braking systems in electric vehicles. Hydraulically operated brakes can deploy quickly and are much more responsive than electric brakes, which increases their adoption among consumers.
Hydraulic pumps are demanded by automotive users to provide rapid response needed when the brake pedal is depressed and slowing down the vehicles speed. The pumps also support the driver to regulate the ABS and power steering systems. Hydraulic pumps improve vehicles’ performance, range, and overall energy usage, enabling faster response times and better power distribution by reducing the load on the battery, which increases their demand among consumers.
Europe Hydraulic Pumps Market Overview
Europe is a technologically advanced region, owing to the high demand for advanced technologies in countries such as Germany, the UK, France, Italy, Spain, and Russia. Germany is the major automotive hub owing to the presence of various automotive giants. This increases the demand for hydraulic pumps in the automotive industry. For instance, Parker Hannifin Corp provides a full line of Electro-Hydraulic Pump (EHP) kits used in hybrid electric and other electric mobile applications. EHP kits provide real-time speed/torque commands, control, operation, and diagnostic monitoring through the inverter’s discrete I/O or CANopen interface. The increasing sales of electric vehicles is expected to create growth opportunities in the hydraulic pumps market. For instance, according to the European Automobile Manufacturers Association (ACEA), in July 2023, Europe sold 62% of electric vehicles. The growing sale of electric vehicles increases the adoption of hydraulic pumps among automotive manufacturers. Hydraulic pumps are required for precise movements in electric and hybrid vehicles, which fuels the market growth.
Europe Hydraulic Pumps Market Revenue and Forecast to 2030 (US$ Million)
Europe Hydraulic Pumps Market Segmentation
The Europe hydraulic pumps market is categorized into type, application, and country.
Based on type, the Europe hydraulic pumps market is segmented into gear pump, piston pump, and vane pump. The gear pump segment held the largest Europe hydraulic pumps market share in 2022.
In terms of application, the Europe hydraulic pumps market is segmented into construction, commercial vehicles, agriculture vehicles, aerospace, and others. The construction segment held the largest Europe hydraulic pumps market share in 2022.
By country, the Europe hydraulic pumps market is segmented into Germany, France, the UK, Russia, Italy, and the Rest of Europe. Germany dominated the Europe hydraulic pumps market share in 2022.
Bosch Rexroth Ltd, Danfoss LLC, Linde Hydraulics GmbH & Co KG, Dynamatic Technologies Ltd, HYDAC International GmbH, Parker Hannifin Corp, Kawasaki Heavy Industries Ltd, and Daikin Industries Ltd are some of the leading companies operating in the Europe hydraulic pumps market.
Summary Info
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According to the Research Team’ research, the Europe hydraulic pumps market was valued at US$ 2,210.89 million in 2022 and is expected to reach US$ 2,898.72 million by 2030, registering a CAGR of 3.4% from 2022 to 2030. Government Initiatives for Infrastructure Development and growing wastewater treatment projects are among the critical factors attributed to drive the Europe hydraulic pumps market growth.
Governments of several nations are taking initiatives to develop new infrastructure, creating opportunities in the hydraulic pumps market. In October 2023, the European Commission signed a grant agreement of US$ 45.6 million under the Connecting Europe Facility for Transport. The funding helps improve and modernize the transport connections between Moldova and Romania and the trans-European transport network (TEN-T). The investment will also strengthen the EU-Ukraine Solidarity Lanes. Hydraulic pumps are highly used in machinery and equipment, such as bulldozers, loaders, cranes, trucks, and tractors, that are required for constructing roads and bridges. Hydraulic pumps power heavy machinery to perform tasks such as digging, breaking rocks, lifting, and moving materials efficiently. Therefore, rapid urbanization and an increase in government initiatives and funding for infrastructure development are expected to provide growth opportunities for the hydraulic pumps market during the forecast period.
On the contrary, high cost and complexities associated with hydraulic pumps hamper the growth of Europe hydraulic pumps market.
Based on type, the Europe hydraulic pumps market is segmented into gear pump, piston pump, and vane pump. The gear pump segment held 48.2% market share in 2022, amassing US$ 1,066.63 million. It is projected to garner US$ 1,496.50 million by 2030 to register 4.3% CAGR during 2022-2030.
In terms of application, the Europe hydraulic pumps market is segmented into construction, commercial vehicles, agriculture vehicles, aerospace, and others. The construction segment held 40.1% share of Europe hydraulic pumps market in 2022, amassing US$ 886.38 million. It is anticipated to garner US$ 1,214.24 million by 2030 to expand at 4.0% CAGR during 2022-2030.
Based on country, the Europe hydraulic pumps market is categorized into Germany, France, the UK, Russia, Italy, and the Rest of Europe. Our regional analysis states that Germany captured 28.6% share of Europe hydraulic pumps market in 2022. It was assessed at US$ 632.09 million in 2022 and is likely to hit US$ 870.60 million by 2030, registering a CAGR of 4.1% during 2022-2030.
Key players operating in the Europe hydraulic pumps market are Bosch Rexroth Ltd, Danfoss LLC, Linde Hydraulics GmbH & Co KG, Dynamatic Technologies Ltd, HYDAC International GmbH, Parker Hannifin Corp, Kawasaki Heavy Industries Ltd, and Daikin Industries Ltd., among others.
In 2023, Danfoss Power Solutions has introduced the latest in its H1 series of pumps and motors, the new H1F fixed-displacement bent-axis hydraulic motor. The new motor is designed for both open- and closed-circuit applications in agricultural, construction, and forestry machines.
In 2022, Linde Hydraulics GmbH & Co. KG is investing US $ 59.13 million in technology at its German sites. The investments will be divided into 50 individual projects and managed in parallel. The investment project is to be completed by 2025.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe hydraulic pumps market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe hydraulic pumps market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Hydraulic Pumps Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain
5. Europe Hydraulic Pumps Market – Key Industry Dynamics
5.1 Hydraulic Pumps Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Mining Projects
5.2.2 Growing Demand from Automotive Industry
5.2.3 Increasing Demand for Digital Pumps
5.3 Market Restraints
5.3.1 High Cost and Complexities Associated with Hydraulic Pumps
5.4 Market Opportunities
5.4.1 Government Initiatives for Infrastructure Development
5.5 Future Trends
5.5.1 Growing Wastewater Treatment Projects
5.6 Impact of Drivers and Restraints:
6. Hydraulic Pumps Market – Europe Market Analysis
6.1 Hydraulic Pumps Market Revenue (US$ Million), 2022 – 2030
6.2 Hydraulic Pumps Market Forecast and Analysis
7. Europe Hydraulic Pumps Market Analysis – Type
7.1 Gear Pump
7.1.1 Overview
7.1.2 Gear Pump Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Piston Pump
7.2.1 Overview
7.2.2 Piston Pump Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Vane Pump
7.3.1 Overview
7.3.2 Vane Pump Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Hydraulic Pumps Market Analysis – Application
8.1 Construction
8.1.1 Overview
8.1.2 Construction Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Commercial Vehicle
8.2.1 Overview
8.2.2 Commercial Vehicle Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Agriculture Vehicle
8.3.1 Overview
8.3.2 Agriculture Vehicle Market Revenue, and Forecast to 2030 (US$ Million)
8.4 Aircraft
8.4.1 Overview
8.4.2 Aircraft Market Revenue, and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
9. Europe Hydraulic Pumps Market – Country Analysis
9.1 Europe
9.1.1 Europe Hydraulic Pumps Market Overview
9.1.2 Europe Hydraulic Pumps Market Revenue and Forecasts and Analysis – By Country
9.1.2.1 Europe Hydraulic Pumps Market Revenue and Forecasts and Analysis – By Country
9.1.2.2 Germany Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Germany Hydraulic Pumps Market Breakdown by Type
9.1.2.2.2 Germany Hydraulic Pumps Market Breakdown by Application
9.1.2.3 France Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 France Hydraulic Pumps Market Breakdown by Type
9.1.2.3.2 France Hydraulic Pumps Market Breakdown by Application
9.1.2.4 United Kingdom Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 United Kingdom Hydraulic Pumps Market Breakdown by Type
9.1.2.4.2 United Kingdom Hydraulic Pumps Market Breakdown by Application
9.1.2.5 Italy Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Italy Hydraulic Pumps Market Breakdown by Type
9.1.2.5.2 Italy Hydraulic Pumps Market Breakdown by Application
9.1.2.6 Russia Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.6.1 Russia Hydraulic Pumps Market Breakdown by Type
9.1.2.6.2 Russia Hydraulic Pumps Market Breakdown by Application
9.1.2.7 Rest of Europe Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.7.1 Rest of Europe Hydraulic Pumps Market Breakdown by Type
9.1.2.7.2 Rest of Europe Hydraulic Pumps Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Bosch Rexroth Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Danfoss LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Linde Hydraulics GmbH & Co KG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Dynamatic Technologies Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 HYDAC International GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Parker Hannifin Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Kawasaki Heavy Industries Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Daikin Industries Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Bucher Hydraulics GmbH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the the Reporting Teams
13.2 Word Index
Table 1. Hydraulic Pumps Market Segmentation
Table 2. Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 5. Europe Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 6. Germany Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 7. Germany Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 8. France Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 9. France Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. United Kingdom Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 11. United Kingdom Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 12. Italy Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 13. Italy Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 14. Russia Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 15. Russia Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. Rest of Europe Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 17. Rest of Europe Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 18. Heat Map Analysis by Key Players
Table 19. List of Abbreviation
Figure 1. Hydraulic Pumps Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Hydraulic Pumps Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Hydraulic Pumps Market Revenue (US$ Million), 2022 – 2030
Figure 6. Hydraulic Pumps Market Share (%) – Type, 2022 and 2030
Figure 7. Gear Pump Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Piston Pump Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Vane Pump Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Hydraulic Pumps Market Share (%) Application, 2022 and 2030
Figure 11. Construction Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Commercial Vehicle Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Agriculture Vehicle Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Aircraft Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Europe Hydraulic Pumps Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 17. Hydraulic Pumps Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 18. Germany Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. France Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. United Kingdom Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Italy Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Russia Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Rest of Europe Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Company Positioning & Concentration
The List of Companies – Europe Hydraulic Pumps Market
1. Bosch Rexroth Ltd
2. Danfoss LLC
3. Linde Hydraulics GmbH & Co KG
4. Dynamatic Technologies Ltd
5. HYDAC International GmbH
6. Parker Hannifin Corp
7. Kawasaki Heavy Industries Ltd
8. Daikin Industries Ltd
9. Bucher Hydraulics GmbH
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