Hydraulic Power Unit Market Size

  • Report ID: 5160
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Hydraulic Power Unit Market Size

Hydraulic Power Unit Market size was over USD 12.9 Billion in 2023 and is likely to reach USD 24.59 Billion by the end of 2036, witnessing around 5.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hydraulic power unit is assessed at USD 13.61 Billion.. HPUs are essential components in industrial automation and manufacturing processes. As industries continue to automate their operations for increased efficiency and precision, the demand for HPUs to power hydraulic machinery and equipment used in these processes increases.

Hydraulic systems are integral to modern agricultural machinery, including tractors, combines, and sprayers. As agriculture becomes more mechanized and technologically advanced, the demand for these machines and the HPUs that power them increases. Hydraulic systems provide the power needed to raise, lower, and move heavy components of agricultural machinery. This allows for more precise control over farming operations, allowing for greater efficiency and productivity on the farm.

Hydraulic Power Unit Market overview
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Author Credits:  Dhruv Bhatia

  • Report ID: 5160
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The main factors driving the growth of the hydraulic power unit market are increasing demand from various industries such as construction, agriculture, and manufacturing, as well as technological advancements that have enabled the development of more efficient hydraulic power units.

The market size of hydraulic power units is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2035.

The major players in the market are Eaton Corporation, Stromag, Brevini Fluid Power S.P.A, KTI Hydraulics Inc., Tokyo Keiki U.S.A., Inc., Hydac International GmbH, Bailey International LLC, Toshiba Machine Co., Ltd., and others.

The auxiliary segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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