The Asia Pacific hydraulic pumps market was valued at US$ 4,086.91 million in 2022 and is expected to reach US$ 6,009.28 million by 2030; it is estimated to register a CAGR of 4.9% from 2022 to 2030.
Governments of several nations are taking initiatives to develop new infrastructure, creating opportunities in the hydraulic pumps market. For instance, in October 2023, the government announced the establishment of an India-Japan Fund in collaboration with the Japan Bank for International Cooperation (JBIC). The fund has approved US$ 600 million for investments in sustainability and low-carbon initiatives. On February 20, 2024, the Japan International Cooperation Agency (JICA) inked credit agreements for up to US$ 1544.98 million (¥232,209 m), strengthening the strategic alliance between India and Japan. These loans are intended to fund specific projects, such as road network connectivity, a freight corridor, and initiatives for climate change response and ecosystem service augmentation in certain parts of India. Further, the interim budget allocation for 2024/25 demonstrates India's ongoing commitment to infrastructure development. The Indian government plans to invest over US$ 134 billion in infrastructure projects.
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.
Geographically, the APAC hydraulic pump market is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. The APAC hydraulic pump market is expected to record the highest CAGR from 2022 to 2030. The rise in urbanization and digitalization is supporting the market growth in the region. Hydraulic pumps are widely used for moving systems or operating a variety of components, such as motors, cylinders, and machines, across several industries, such as construction, automobiles, and agriculture. Hydraulic pumps are used to perform tasks such as lifting heavy loads in the construction industry, operating machinery in industrial settings, and powering hydraulic brakes in vehicles. According to the Asian Development Bank, Asia Pacific has planned a continuous investment of US$ 1.7 trillion in infrastructure development till 2030. This investment is anticipated to be used in the development of infrastructure for telecommunication, transport, power, water and wastewater plants, and sanitation facilities.
The growing infrastructural investment in Asia Pacific increases the demand for construction machinery, including cranes, drills, bulldozers, and tractors, for lifting heavy materials. Hydraulic pumps enable construction machinery to lift materials easily and safely from one place to another. These factors are anticipated to boost the hydraulic pump market growth from 2022 to 2030.
The Asia Pacific hydraulic pumps market is categorized into type, application, and country.
Based on type, the Asia Pacific hydraulic pumps market is segmented into gear pump, piston pump, and vane pump. The gear pump segment held the largest Asia Pacific hydraulic pumps market share in 2022.
In terms of application, the Asia Pacific hydraulic pumps market is segmented into construction, commercial vehicles, agriculture vehicles, aerospace, and others. The construction segment held the largest Asia Pacific hydraulic pumps market share in 2022.
By country, the Asia Pacific hydraulic pumps market is segmented into China, Japan, Australia, South Korea, India, and the Rest of Asia Pacific. China dominated the Asia Pacific 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, Daikin Industries Ltd, and Bucher Hydraulics GmbH are some of the leading companies operating in the Asia Pacific hydraulic pumps market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 4,086.91 Million |
| Market Size by 2030 | US$ 6,009.28 Million |
| CAGR (2022 - 2030) | 4.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
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
.
The Asia Pacific Hydraulic Pumps Market is valued at US$ 4,086.91 Million in 2022, it is projected to reach US$ 6,009.28 Million by 2030.
As per our report Asia Pacific Hydraulic Pumps Market, the market size is valued at US$ 4,086.91 Million in 2022, projecting it to reach US$ 6,009.28 Million by 2030. This translates to a CAGR of approximately 4.9% during the forecast period.
The Asia Pacific Hydraulic Pumps Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Hydraulic Pumps Market report:
The Asia Pacific Hydraulic Pumps Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Hydraulic Pumps Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Hydraulic Pumps Market value chain can benefit from the information contained in a comprehensive market report.
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