How big is the hydraulics market?

The global hydraulics market size was estimated at USD 38.39 billion in 2024 and is expected to reach USD 39.35 billion in 2025.

What is the hydraulics market growth?

The global hydraulics market is expected to grow at a compound annual growth rate of 2.8% from 2025 to 2033 to reach USD 49.23 billion by 2033.

Which segment accounted for the largest hydraulics market share?

The mobile hydraulics segment dominated the market with a market share of over 58% in 2024, owing to the extensive deployment of hydraulic systems in off-road and heavy-duty mobile machinery such as construction equipment, agricultural tractors, and mining vehicles.

Who are the key players in hydraulics market?

Key players operating in the smart building market include Bosch Rexroth AG, PARKER HANNIFIN CORP, Eaton, Danfoss, KYB Corporation, YUKEN KOGYO CO., LTD., Kawasaki Heavy Industries, Ltd., HYDAC International GmbH., LHY Powertrain GmbH & Co. KG., Wipro Infrastructure Engineering

What are the factors driving the hydraulics market?

The increasing deployment of hydraulic systems, rising investments in infrastructure development, growing demand for energy-efficient and low-maintenance hydraulic solutions, and ongoing advancements in hydraulic components are the key factors driving the market growth.