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The latest research study “Hydraulic Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Global Hydraulic Motors Market size reached US$ 11.18 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 14.88 Billion by 2027 exhibiting a CAGR of 4.72% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Hydraulic motors are mechanical actuators fueled by pressurized hydraulic fluid that converts hydrostatic energy into mechanical energy. They function by pushing vanes, pistons, and gears connected to a crankshaft to cause torque and rotation. They also provide low sensitivity to oil pollution, easy controllability, flexibility, accuracy at lower costs, and large rotational properties. Owing to these benefits, hydraulic motors are utilized in rollers, conveyors, drilling rigs, excavators, mixers, and self-driven cranes
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Hydraulic Motors Market Trends and Drivers:
The market is primarily driven by the rising adoption of hydraulic motors across various industrial verticals, such as chemical, marine, petrochemicals, aerospace, and oil and gas, owing to the escalating demand for efficient wheel loaders for optimizing production processes.
Besides this, the increasing construction activities and high infrastructural development worldwide represent another major growth-inducing factor. In addition, the extensive utilization of hydraulic motors in on-shore and off-shore oil exploration and agricultural activities, due to various benefits such as high resistance to heat and contamination and robust nature, is providing a positive thrust to market growth.
Moreover, various technological advancements, the rising adoption of inventive approaches by manufacturers for strengthening outputs while reducing overheads, and favorable government initiatives undertaken to reduce CO2 emissions are some of the other factors creating a positive market outlook.
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Hydraulic Motors Market Report Scope
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Bezares SA, Bosch Rexforth AG (Robert Bosch GmbH), Bucher Hydraulics GmbH (Bucher Industries AG), Danfoss A/S, Eaton Corporation PLC, Hydro Leduc, Kawasaki Heavy Industries Ltd., M + S Hydraulic PLC, Maha Hydraulics Private Limited, Mitsubishi Heavy Industries Ltd., Parker-Hannifin Corporation, Permco Inc., Rotary Power and VELJAN Hydrair Private Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
The report has been segmented the market into following categories:
· Hydraulic Gear Motor
o Gear Motor
o Epicyclic Gear Motor
· Vane Motor
· Piston Motor
o Radial Piston Motor
o Axial Piston Motor
· Low-Speed (<500 Rpm)
· High-Speed (>500 Rpm)
· Off-Road
o Construction Machinery
o Agricultural Machinery
o Mining Machinery
· Industrial
· North America
o United States
· Asia-Pacific
o South Korea
· Europe
o United Kingdom
· Latin America
· Middle East and Africa
List of Major Key Players:
The major players in the market are Bezares SA, Bosch Rexforth AG (Robert Bosch GmbH), Bucher Hydraulics GmbH (Bucher Industries AG), Danfoss A/S, Eaton Corporation PLC, Hydro Leduc, Kawasaki Heavy Industries Ltd., M + S Hydraulic PLC, Maha Hydraulics Private Limited, Mitsubishi Heavy Industries Ltd., Parker-Hannifin Corporation, Permco Inc., Rotary Power and VELJAN Hydrair Private Ltd
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