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The global hydraulic motors industry has been steadily growing due to factors like industrial automation and increasing demand for heavy machinery in sectors like construction, agriculture, mining, and automotive. Manufacturers are making hydraulic motors more efficient, compact, and durable through innovations like integrated electronics and smart control systems. With environmental concerns rising, there's a push for hydraulic systems that consume less energy and emit fewer emissions.
The industries like construction and agriculture grow, so does the demand for hydraulic motors. Nowadays, electric motors are becoming more popular, especially for lighter applications, due to advantages like lower maintenance and quieter operation. Moreover, integration of hydraulic systems to IoT technologies allows for real-time monitoring and predictive maintenance, improving efficiency. There's a greater emphasis on maintaining hydraulic equipment to ensure operational reliability, with manufacturers offering comprehensive service packages and drives the overall the market growth.
North America hydraulic motors market size exceeded USD 4.02 billion in 2023 and will grow rapidly till 2032, owing to the strong emphasis on technological innovation.
Hydraulic motors industry size from the piston product segment held a revenue of USD 5.68 billion in 2023 and will exceed USD 9.59 billion by 2032, owing to their high efficiency.
Bosch Rexroth AG, Bucker Hydraulics GmbH, Casappa, Concentric AB, Daikin , Danfoss Group , Eaton Corporation Plc , Fluitronics GmbH , and SAI Group among others.
The market size of hydraulic motors was reached USD 12.18 billion in 2023 and will grow at 5.2% CAGR during 2024 to 2032, as they deliver strong torque at low speeds, making them ideal for heavy-duty tasks.