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2017

Axial Piston Hydraulic Motors and Pumps Market

Axial Piston Hydraulic Motors and Pumps Market Size, Share, Competitive Landscape and Trend Analysis Report by Product and Application - Global Opportunity Analysis and Industry Forecast, 2014-2022

CM : Engineering, Equipment and Machinery

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Author's: Kalyani Sonawane | Sonia Mutreja
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Axial Piston Hydraulic Motors and Pumps Market Outlook - 2022

The Global Axial Piston Hydraulic Motors and Pumps Market Size was valued at $1,418 million in 2015 and is projected to reach $1,882 million by 2022 at the CAGR of 4.2% during the forecast period. The report includes the study of axial piston hydraulic motors and axial piston hydraulic pumps and their sub-types including constant & variable displacement piston pumps and motors. Axial piston hydraulic pumps are used to convert mechanical energy into hydraulic energy; while axial piston hydraulic motors are used to convert hydraulic pressure and flow into angular displacement (rotation) and torque. In addition, axial piston hydraulic motors and pumps are used in various applications including manufacturing, oil & gas, agriculture, automotive, energy & utility, mining, food & beverages, construction, water management, and others (transportation & logistics, maritime, and chemical).

Axial Piston Hydraulic Motors and Pumps Market

Top Investment Pockets

The following graph signifies the growth potential of the global axial piston hydraulic motors and pumps market size based on application. The market is driven by manufacturing and water management segments, and accounted for the highest market share in 2014. The major factors that drive the growth of these segments include the high adoption of process automation, significant growth of manufacturing industry in the Asia-Pacific and LAMEA, rise in need for renewable energy, upgrade of existing machinery and equipment in factories, and technological upgrades in the design of axial piston pumps & motors.

Axial piston hydraulic motors and pumps market top investment pockets

Increase in Construction and Oil & Gas Refinery Activities Globally

In recent years, there is an increase in cross-border infrastructural activities globally, particularly in the developing regions, such as Asia and Africa. Moreover, key players from the construction industry are also planning to expand their infrastructure projects in mining, energy, water, and rail sectors in these regions. In addition, there is an increase in foreign investment for Greenfield projects in these regions. North America has also witnessed an increase in industrial and commercial construction activities in the past few years.

Technological Advancements in the Design of Hydraulic Motors and Pumps

Design upgradation and technical innovation have fueled the adoption of axial piston hydraulic motors and pumps in various end-user industries. Displacement-controlled actuators, hydraulic hybrid power trains, and continuous variable transmissions for mobile hydraulic machines are the latest technologies, which allow reduced emissions and fuel savings resulting to increase in the demand for the positive displacement of pumps and motors. Furthermore, stringent legislation and regulations regarding eco-friendly equipment, especially in the mobile hydraulics and industrial machinery have driven the demand for energy efficient, high pressure, high performance, and adaptable axial piston hydraulic motors and pumps.

Segmentation: Axial Piston Hydraulic Motors and Pumps Market

Axial Piston Hydraulic Motors and Pumps Market by Type

Product -

Axial piston hydraulic pumps market share is expected to grow at a considerable growth rate during the forecast period. It is a type of positive displacement pump in which a number of pistons are arranged in a circular array within a cylinder block. It could be used as a stand-alone pump, an automotive air conditioning compressor, or a hydraulic motor. In this type of pump, cylinders and the drive shaft are parallel to each other, and a reciprocating motion is created by a swash plate (cam plate, wobble plate, or tilting plate). The main parts of an axial piston pump include pistons, drive shaft, valve, swash plate, and a cylinder block.

Axial Piston Hydraulic Motors and Pumps Market by Industry Vertical

Application -

Among applications, axial piston hydraulic motors and pumps market for manufacturing applications dominated the axial piston hydraulic motors and pumps, and is anticipated to continue its dominance throughout the period. The rise in the adoption of process automation, increase in use of technologically advanced designs of hydraulic motors and pumps, the inclusion of environment-friendly products, and up-gradation of existing machineries and equipment in the factories is expected to fuel the growth in axial piston hydraulic motors and pumps market.

Axial piston hydraulic motors and pumps market for water management applications is expected to grow at the highest growth rate during the forecast period. Water & wastewater management is one of the crucial tasks of a city or a town, for which high-pressure, high torque, and highly efficient motors and pumps are required. Increase in innovations, high demands for high-performance, and efficient high-pressure pumps are expected to offer numerous growth opportunities for market expansion. Furthermore, the demand for hydropower energy and tidal energy is expected to drive the market growth. Increase in need for planned cities and towns and rise in standards of living in the developing countries are expected to fuel the market growth in this sector.

Geography-

The Asia-Pacific axial piston hydraulic motors and pumps market is expected to show significant growth in the near future, owing to development in infrastructure, availability of multiple manufacturing facilities, increase in population, significant growth in GDP in the developing countries, and increase in construction activities.

Technological advancements, increase in process automation, the growth of oil & gas industry, and design upgradation of pumps & motors are expected to drive the market growth. Deep water and ultra-deep-water reserves in Asia-Pacific are expected to contribute toward oil & gas production, and is expected to increase the sales of hydraulic pumps and motors.

Furthermore, the rise in midstream investments in railcars, pipelines, refineries, and trucks increase the market potential. Stringent regulations and legislations toward CO2 & NOX emissions from heavy-duty vehicles and mandated use of eco-friendly products are expected to boost the market growth in the coming years.

Axial Piston Hydraulic Motors and Pumps Market Key Segments:

By Product

  • Axial Piston Hydraulic Motors
    • Constant Displacement
      • Swash Plate
      • Bent Axis
  • Variable Displacement
  • Axial Piston Hydraulic Pumps
    • Constant Displacement
      • Swash Plate
      • Bent Axis
  • Variable Displacement

By Application

  • Manufacturing
  • Oil & Gas
  • Agriculture
  • Automotive
  • Energy & Utility
  • Mining
  • Food & Beverages
  • Construction
  • Water Management
  • Others (Transportation & Logistics, Maritime, and Chemical)

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Bosch Rexroth Ltd.
  • Bondioli & Pavesi SPA
  • Bosch Rexroth AG
  • Danfoss Group
  • DTA (Damen Technical Agencies)
  • Eaton Corporation
  • HAWE Hydraulik SE
  • HYDAC
  • Hytec Group
  • Parker-Hannifin Corporation
  • Poclain Hydraulics, Inc.

The other key players operating in the axial piston hydraulic motors and pumps market include White Drive Products, Inc., Linde Hydraulics, Rotary Power, MTE Hydraulics, ANSON Hydraulics Industrial Ltd., Permco, Inc., Kawasaki Heavy Industries, Ltd., Finsuge SpA, General Electric (GE), Maersk Container Industry (MCI), White Drive Products, Inc., The Marsden Group, NuLEDs, Democratic Republic of Congo (DRC), Electra Mining Africa, BAUMA CONEXPO AFRICA, CLARCOR Inc., Helac Corporation, Jger Automobil-Technik GmbH, Jger Automotive Polska Sp. z.o.o., President Engineering Group Limited (PEGL), and GRANDRY Technologies, METSO.

 

Axial Piston Hydraulic Motors and Pumps Market Report Highlights

Aspects Details
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By PRODUCT TYPE
  • AXIAL PISTON HYDRAULIC MOTORS
    • Constant Displacement
      • Swash plate
      • Bent axis
    • Variable Displacement
  • AXIAL PISTON HYDRAULIC PUMPS
    • Constant Displacement
      • Swash plate
      • Bent axis
    • Variable Displacement
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By APPLICATION
  • MANUFACTURING
  • OIL & GAS
  • AGRICULTURE
  • AUTOMOTIVE
  • ENERGY & UTILITY
  • MINING
  • FOOD & BEVERAGES
  • CONSTRUCTION
  • WATER MANAGEMENT
  • OTHERS (TRANSPORTATION & LOGISTICS, MARITIME, AND CHEMICAL)
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By GEOGRAPHY
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Thailand
    • Malaysia
    • Indonesia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Argentina
    • Rest of LAMEA
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Key Market Players

HAWE HYDRAULIK SE, DANFOSS GROUP, EATON CORPORATION, PARKER-HANNIFIN CORPORATION, BONDIOLI & PAVESI SPA, BOSCH REXROTH AG., POCLAIN HYDRAULICS, INC., HYTEC GROUP, HYDAC, DTA (DAMEN TECHNICAL AGENCIES)

Analyst Review

Axial piston hydraulic pumps are used to convert mechanical energy into hydraulic energy; while axial piston hydraulic motors are used to convert hydraulic pressure and flow into angular displacement (rotation) and torque. In addition, axial piston hydraulic motors and pumps are used in various applications including manufacturing, oil & gas, agriculture, automotive, energy & utility, mining, food & beverages, construction, water management, and others (transportation & logistics, maritime, and chemical).

The global axial piston hydraulic motors and pumps market is expected to reach at $1,882 million by 2022, attributed to increase in construction and oil & gas refinery activities globally, enhanced demand for renewable energy, rise of sales in automotive sector, and technological advancements in the design of hydraulic motors and pumps. In addition, improvement of existing machineries and equipment offers significant growth potential for the axial piston hydraulic motors and pumps market.

The axial piston hydraulic motors and pumps market is categorized based on product into axial piston hydraulic motors and axial piston hydraulic pumps. In 2014, the axial piston hydraulic pumps segment was the highest revenue contributor to the market, while axial piston hydraulic motors market is anticipated to witness considerable growth rate during the forecast period.

In axial piston hydraulic motors market, the variable displacement segment accounted for the highest share of revenue in 2014, and is expected to grow at a significant growth rate during the forecast period. In constant displacement axial piston hydraulic motors, the bent axis segment generated maximum revenue in 2014, while the swash plate segment is projected to grow at the highest growth rate of 5.2% during the forecast period.

In 2014, the manufacturing application generated highest share of revenue as compared to others. The market for water management application is anticipated to grow at the highest growth rate, owing to rise in usage of hydraulic pumps and motors in planned cities and towns, innovation in design of axial piston hydraulic motors and pumps, and increase in standards of living in the developing countries.

Asia-Pacific is the dominant region, in terms of revenue, owing to the development in infrastructure, availability of multiple manufacturing facilities, increase in population, significant growth in the GDP of the developing countries, and increase in construction activities, followed by North America and Europe. The Asia-Pacific market is expected to grow at the highest growth rate during the forecast period.

Key market players in the axial piston hydraulic motors and pumps industry have adopted various strategies, such as product launches, partnership, geographical expansion, and strategic alliances to create more awareness about the technological advancements in the design of axial piston hydraulic motors and pumps and increase its adoption across industries.

Author Name(s) : Kalyani Sonawane | Sonia Mutreja

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Axial Piston Hydraulic Motors and Pumps Market

Global Opportunity Analysis and Industry Forecast, 2014-2022