Global Mobile Hydraulic Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Pumps, Motors, Valves, Cylinders, Transmissions, Accumulators & filters ,and Others.By Industry;
Construction, Agriculture, Material Handling, Oil & Gas, Aerospace & Defense, Mining, and Others.By Application;
Industrial and Commercial.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Mobile Hydraulic Equipment Market (USD Million), 2021 - 2031
In the year 2024, the Global Mobile Hydraulic Equipment Market was valued at USD 49,807.05 million. The size of this market is expected to increase to USD 63,798.30 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.6%.
The global mobile hydraulic equipment market is experiencing significant growth, driven by the increasing demand for advanced hydraulic systems across various industries such as construction, agriculture, mining, marine, and offshore. Mobile hydraulic equipment plays a crucial role in powering and controlling a wide range of machinery and vehicles, including excavators, loaders, tractors, cranes, drilling rigs, and offshore support vessels. These hydraulic systems offer high power density, precise control, and efficient operation, making them indispensable for numerous applications where heavy lifting, precise movement, and reliable performance are required.
The market is witnessing a growing demand for mobile hydraulic equipment due to the rapid urbanization and industrialization, especially in emerging economies. The construction industry, in particular, is a major driver of market growth, with increasing infrastructure development projects and construction activities driving the demand for hydraulic-powered machinery and equipment. Moreover, the mechanization of agriculture, expansion of the mining sector, and growth in the marine and offshore industries are further fueling the demand for mobile hydraulic equipment globally.Technological advancements such as the integration of electronic controls, automation, and IoT-enabled systems are driving innovation in the mobile hydraulic equipment market. Manufacturers are focusing on developing energy-efficient and environmentally sustainable hydraulic systems to meet the growing demand for cleaner and more efficient machinery. Additionally, there is a growing emphasis on the development of lightweight and compact hydraulic components to improve fuel efficiency and reduce the overall weight of machinery and equipment. With increasing investments in infrastructure development and industrial automation, the global mobile hydraulic equipment market is poised for significant growth in the coming years.
Global Mobile Hydraulic Equipment Market Recent Developments
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In April 2023, Manitou introduced its MRT 2150 Privilege+ rotating telehandler, a high-capacity and high-reach machine that can be used for a wide range of applications, including the maintenance and repair of hydraulic systems.
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In December 2022, JCB launched its 540-190 Loadall telescopic handler, a powerful and agile machine that can be used for lifting and transporting heavy loads, such as hydraulic cylinders and pumps.
Segment Analysis
This comprehensive report thoroughly examines various segments of the Global Mobile Hydraulic Equipment Market, offering an in-depth analysis that includes revenue analysis for both historic and forecast periods across all market segments. Each market segment is meticulously analyzed, supported by relevant data points and insights derived from the analysis of these data trends and patterns.
The report delves into various segments of the global mobile hydraulic equipment market, providing a detailed examination of factors influencing market growth. It meticulously analyzes market dynamics, including drivers, restraints, challenges, and opportunities shaping each segment's growth trajectory. By providing a historical analysis of market performance and forecasting future trends, the report offers valuable insights into market trends and potential growth opportunities.
Moreover, the report offers a granular analysis of each market segment, providing a detailed breakdown of revenue, market share, and growth rate for the historic and forecast periods. By leveraging relevant data points, the report highlights key trends and patterns driving market growth, enabling stakeholders to make informed decisions. Furthermore, the report provides a comparative analysis of different market segments, identifying lucrative opportunities for investment.
Additionally, the report explores emerging technologies and innovations in the mobile hydraulic equipment market, offering insights into the impact of technological advancements on market growth. By examining market trends and developments, the report helps stakeholders identify potential growth areas and formulate effective business strategies.
Overall, this comprehensive report serves as a valuable resource for industry stakeholders, offering a detailed analysis of the global mobile hydraulic equipment market. By providing a thorough examination of market segments and trends, supported by relevant data points and insights, the report enables stakeholders to gain a deeper understanding of market dynamics and capitalize on emerging opportunities.
Global Mobile Hydraulic Equipment Segment Analysis
In this report, the Global Mobile Hydraulic Equipment Market has been segmented by Type, Industry, Application, and Geography.
Global Mobile Hydraulic Equipment Market, Segmentation by Type
The global mobile hydraulic equipment market is segmented by type into pumps, motors, valves, cylinders, transmissions, accumulators and filters, and others.
Pumps are a vital component of mobile hydraulic systems, responsible for generating the necessary fluid power to drive various hydraulic actuators. They are further classified into various types such as gear pumps, piston pumps, and vane pumps, based on their construction and operating principles.
Motors are another key segment of the mobile hydraulic equipment market, responsible for converting hydraulic energy into mechanical energy to drive the motion of mobile machinery. Hydraulic motors are available in different configurations such as gear motors, piston motors, and vane motors, depending on the specific application requirements.
Valves play a crucial role in controlling the flow and direction of hydraulic fluid within a mobile hydraulic system. They are used to regulate the speed, pressure, and direction of hydraulic actuators, ensuring smooth and precise operation of mobile machinery. Hydraulic valves are available in various types such as directional control valves, pressure control valves, flow control valves, and proportional valves, among others.
Cylinders are hydraulic actuators used to convert fluid power into linear mechanical motion. They are widely used in various mobile applications such as lifting, pushing, pulling, and tilting. Hydraulic cylinders are available in different types such as single-acting cylinders, double-acting cylinders, telescopic cylinders, and multi-stage cylinders, depending on the specific application requirements.
Transmissions are an integral part of mobile hydraulic equipment, responsible for transmitting power from the hydraulic system to the mechanical components of mobile machinery. They are used to control the speed, torque, and direction of motion in mobile applications such as construction equipment, agricultural machinery, material handling equipment, and industrial vehicles.
Accumulators and filters are essential components of mobile hydraulic systems, responsible for storing hydraulic energy, maintaining system pressure, and removing contaminants from hydraulic fluid. Accumulators are used to store energy during periods of low demand and release it when needed, while filters are used to remove contaminants such as dirt, debris, and water from hydraulic fluid, ensuring optimal performance and reliability of mobile hydraulic equipment.
Other types of mobile hydraulic equipment include reservoirs, hoses, fittings, seals, and accessories, which are essential for the proper functioning and maintenance of hydraulic systems in mobile machinery. These components play a critical role in ensuring the efficient and reliable operation of mobile hydraulic equipment in various applications and industries.
Global Mobile Hydraulic Equipment Market, Segmentation by Industry
The global mobile hydraulic equipment market is segmented by industry into construction, agriculture, material handling, oil & gas, aerospace & defense, mining, and others. Among these, the construction industry holds a significant share of the market. The increasing demand for mobile hydraulic equipment in construction activities such as excavation, lifting, and material handling is driving market growth. Hydraulic equipment such as excavators, bulldozers, cranes, and loaders are extensively used in construction projects worldwide. With the rapid urbanization and infrastructure development in emerging economies, the demand for construction machinery equipped with advanced hydraulic systems is expected to further boost market growth.
The agriculture industry is another key segment driving the growth of the global mobile hydraulic equipment market. The mechanization of agriculture and the adoption of advanced farming techniques are fueling the demand for hydraulic equipment in agricultural machinery such as tractors, harvesters, and sprayers. Hydraulic systems improve the efficiency and performance of agricultural machinery, leading to increased productivity and reduced labor costs. Moreover, the growing need for precision farming and automation in agriculture is further driving the demand for advanced hydraulic equipment with features such as electronic controls and automation.
The material handling segment is also witnessing significant growth in the global mobile hydraulic equipment market. Hydraulic equipment such as forklifts, cranes, and pallet trucks are widely used for material handling applications in warehouses, distribution centers, manufacturing facilities, and ports. The increasing demand for efficient and reliable material handling equipment to streamline logistics and supply chain operations is driving market growth in this segment. Additionally, technological advancements such as the integration of IoT-enabled systems and automation are further enhancing the efficiency and performance of mobile hydraulic equipment for material handling applications.
Global Mobile Hydraulic Equipment Market, Segmentation by Application
The global mobile hydraulic equipment market is segmented by Application into Industrial and Commercial.
In the industrial sector, mobile hydraulic equipment is employed in a wide range of applications that require high-efficiency, heavy-duty lifting, pushing, pulling, and other mechanical operations. Industrial mobile hydraulic equipment is typically used in sectors such as construction, manufacturing, mining, and oil and gas. These industries rely on hydraulic systems for tasks such as material handling, machinery maintenance, and operating heavy equipment like cranes, excavators, and forklifts. For instance, in the construction industry, hydraulic systems are used in earth-moving machinery, bulldozers, and dump trucks, where they facilitate lifting, tilting, and digging functions. Similarly, in mining, hydraulic systems play a key role in operating drilling machines, rock crushers, and haul trucks, ensuring smooth operations in harsh environments. The demand for mobile hydraulic equipment in industrial applications is driven by the ongoing need for automation, increased productivity, and energy-efficient machinery that can handle demanding workloads.
On the other hand, the commercial segment of the market includes applications in industries such as transportation, logistics, agriculture, and forestry. In these sectors, mobile hydraulic equipment serves a range of functions that improve operational efficiency, particularly in handling materials, loading and unloading cargo, and assisting with vehicle maintenance. In the transportation and logistics industries, hydraulic equipment is commonly used in tail lifts, cranes, and pallet trucks, aiding in the efficient loading and unloading of goods. In agriculture, hydraulic systems are essential for the operation of machinery such as tractors, harvesters, and seeders, where they help in lifting, plowing, and planting tasks. Similarly, in forestry, hydraulic systems are used to operate logging equipment, such as wood splitters and tree harvesters, which require precise control to ensure safety and efficiency. The demand in the commercial sector is driven by the increasing need for flexible, cost-effective solutions that can cater to various business operations, particularly in industries that require mobility and versatility.
Both industrial and commercial segments are influenced by technological advancements and innovations in hydraulic systems. Mobile hydraulic equipment is becoming increasingly sophisticated, with improvements in system efficiency, performance, and environmental sustainability. For instance, there is a growing trend toward the use of electric hydraulic systems in mobile equipment, which helps reduce carbon emissions and improve energy consumption. Additionally, the integration of smart technologies and IoT (Internet of Things) is enhancing the functionality of hydraulic systems, enabling remote monitoring, predictive maintenance, and optimized performance.
Geographically, the demand for mobile hydraulic equipment varies across regions, with developed markets like North America and Europe leading in industrial applications, while emerging markets such as Asia-Pacific and Latin America are seeing rapid growth in commercial applications. As urbanization and industrialization continue to increase globally, the need for mobile hydraulic equipment in both industrial and commercial sectors is expected to rise significantly.
Global Mobile Hydraulic Equipment Market, Segmentation by Geography
In this report, the Global Mobile Hydraulic Equipment Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Mobile Hydraulic Equipment Market Share (%), by Geographical Region, 2024
The global mobile hydraulic equipment market is geographically segmented into several key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds a significant share of the market, driven by the presence of a well-established construction industry, increasing investments in infrastructure development, and the rapid adoption of advanced hydraulic equipment in various sectors. Moreover, the expansion of the mining and oil & gas industries in the region is further boosting the demand for mobile hydraulic equipment.
Europe is also a key market for mobile hydraulic equipment, with countries such as Germany, the UK, France, and Italy leading the market. The region is witnessing steady growth due to the recovery of the construction sector, increasing demand for agricultural machinery, and stringent regulations promoting energy-efficient hydraulic equipment. Additionally, the presence of prominent manufacturers and technological advancements in hydraulic systems are further driving market growth in Europe.
The Asia Pacific region is experiencing rapid growth in the mobile hydraulic equipment market, driven by the increasing construction activities, growing agricultural sector, and expanding industrialization in countries such as China, India, Japan, and South Korea. The region is witnessing significant investments in infrastructure development, urbanization, and industrial automation, driving the demand for mobile hydraulic equipment. Moreover, the presence of key manufacturers, favorable government initiatives, and the adoption of advanced hydraulic technologies are further fueling market growth in the Asia Pacific region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Mobile Hydraulic Equipment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Construction Industry Growth
- Agriculture Mechanization
- Mining Industry Expansion
- Industrialization and Infrastructure Development
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Technological Advancements : Technological advancements have been a key driver of growth in the global mobile hydraulic equipment market. One significant trend is the integration of electronic controls and automation technology into hydraulic systems. These advancements have enabled better precision, control, and efficiency in mobile hydraulic equipment, leading to improved performance and productivity. With the integration of sensors, actuators, and advanced control algorithms, hydraulic systems can now respond more effectively to changing operating conditions, resulting in optimized energy usage and reduced operational costs.
Another important technological advancement in the global mobile hydraulic equipment market is the adoption of IoT (Internet of Things) technology. IoT integration allows for real-time monitoring, data collection, and analysis of hydraulic systems. By connecting hydraulic equipment to centralized monitoring systems, operators can remotely track equipment performance, diagnose issues, and schedule predictive maintenance, thereby minimizing downtime and improving overall operational efficiency. Additionally, IoT-enabled hydraulic systems can facilitate condition-based maintenance, where maintenance activities are performed based on the actual condition of the equipment rather than predefined schedules, further enhancing equipment reliability and lifespan.
Furthermore, there is a growing focus on the electrification of mobile hydraulic equipment. Electrification involves the use of electrically driven hydraulic systems, replacing traditional diesel-driven systems. This trend is driven by the need for greater energy efficiency, reduced emissions, and compliance with increasingly stringent environmental regulations. Electrified hydraulic systems offer several advantages, including higher efficiency, faster response times, reduced noise levels, and lower maintenance requirements. Additionally, electrification enables the integration of regenerative braking systems, allowing for the recovery of energy during braking operations, further improving overall energy efficiency and sustainability. As a result, the adoption of electrified hydraulic systems is expected to continue to grow in the global mobile hydraulic equipment market.
Restraints
- Environmental Regulations
- High Initial Investment
- Intense Competition
- Volatility in Raw Material Prices
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Technical Challenges : The global mobile hydraulic equipment market faces several technical challenges that manufacturers must address to maintain competitiveness and meet evolving customer demands. One significant challenge is the integration of advanced electronic controls and sensors into hydraulic systems. While these technologies offer benefits such as improved efficiency, precision, and automation, their integration requires careful design and engineering to ensure compatibility, reliability, and safety. Manufacturers must invest in research and development to develop sophisticated control algorithms, communication protocols, and sensor technologies that can withstand harsh operating conditions and deliver optimal performance.
Another technical challenge in the global mobile hydraulic equipment market is the demand for energy-efficient solutions. With increasing emphasis on environmental sustainability and energy conservation, there is growing pressure on manufacturers to develop hydraulic systems that minimize energy consumption and reduce carbon emissions. Achieving higher energy efficiency without compromising system performance requires innovative design approaches, such as the use of variable displacement pumps, energy recovery systems, and hybrid hydraulic-electric systems. Manufacturers must also optimize component designs, such as valves, actuators, and hydraulic circuits, to minimize energy losses and maximize system efficiency.
Furthermore, the trend towards electrification and hybridization poses technical challenges for mobile hydraulic equipment manufacturers. The integration of electric and hydraulic systems introduces complexities related to power management, control integration, and system reliability. Manufacturers must develop hybrid hydraulic-electric architectures that seamlessly integrate hydraulic and electric components while ensuring compatibility, reliability, and safety. Additionally, they must address challenges related to battery technology, charging infrastructure, and system scalability to meet the diverse needs of different applications and industries. Overall, overcoming these technical challenges requires collaboration between hydraulic, electrical, and control engineers to develop innovative solutions that meet the evolving demands of the global mobile hydraulic equipment market.
Opportunities
- Renewable energy applications
- Adoption of advanced materials
- Expansion in emerging markets
- Integration of predictive maintenance technologies
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Growth in the marine and offshore sector : The global mobile hydraulic equipment market is witnessing significant growth in the marine and offshore sector. The expansion of offshore oil and gas exploration and production activities, particularly in deepwater and ultra-deepwater fields, is driving the demand for mobile hydraulic equipment for various applications in the marine and offshore sector. Mobile hydraulic equipment such as winches, cranes, and lifting systems are essential for offshore operations such as installation, maintenance, and repair of offshore structures and equipment.
Moreover, the increasing demand for offshore support vessels, including platform supply vessels (PSVs), anchor handling tug supply (AHTS) vessels, and construction support vessels, is further fueling the demand for mobile hydraulic equipment. These vessels require advanced hydraulic systems for various functions such as propulsion, steering, deck machinery, and cargo handling. Additionally, the growing trend towards the development of renewable energy sources such as offshore wind farms is creating new opportunities for mobile hydraulic equipment manufacturers to provide specialized equipment for installation and maintenance activities.
Furthermore, technological advancements such as the integration of electronic controls, automation, and IoT-enabled systems are enhancing the efficiency, safety, and reliability of mobile hydraulic equipment in the marine and offshore sector. Manufacturers are focusing on developing advanced hydraulic systems that can withstand harsh operating conditions, including high pressure, corrosive environments, and extreme temperatures. Additionally, there is a growing focus on the development of lightweight and compact hydraulic components to optimize space and weight onboard offshore vessels and platforms, thereby improving overall efficiency and performance.
Competitive Landscape Analysis
Key players in Global Mobile Hydraulic Equipment Market include:
- Bosch Rexroth AG
- Eaton Corporation
- Parker Hannifin Corporation
- Kawasaki Heavy Industries Ltd.
- Danfoss Group
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Industry
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Mobile Hydraulic Equipment Market
- Drivers, Restraints and Opportunities
- Drivers
- Construction Industry Growth
- Agriculture Mechanization
- Mining Industry Expansion
- Industrialization and Infrastructure Development
- Technological Advancements
- Restraints
- Environmental Regulations
- High Initial Investment
- Intense Competition
- Volatility in Raw Material Prices
- Technical Challenges
- Opportunities
- Renewable energy applications
- Adoption of advanced materials
- Expansion in emerging markets
- Integration of predictive maintenance technologies
- Growth in the marine and offshore sector
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Mobile Hydraulic Equipment Market, By Type, 2021 - 2031 (USD Million)
- Pumps
- Motors
- Valves
- Cylinders
- Transmissions
- Accumulators and filters
- Others
- Global Mobile Hydraulic Equipment Market, By Industry, 2021 - 2031 (USD Million)
- Construction
- Agriculture
- Material Handling
- Oil & Gas
- Aerospace & Defense
- Mining
- Others
- Global Mobile Hydraulic Equipment Market, By Application, 2021 - 2031 (USD Million)
- Industrial
- Commercial
- Global Mobile Hydraulic Equipment Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Mobile Hydraulic Equipment Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Bosch Rexroth AG
- Eaton Corporation
- Parker Hannifin Corporation
- Kawasaki Heavy Industries Ltd.
- Danfoss Group
- Company Profiles
- Analyst Views
- Future Outlook of the Market