Hydraulic Actuators Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2032

Hydraulic Actuators Market

Hydraulic Actuators Market By Application (the aviation industry, mobile equipment (agricultural, metal & mining, oil & gas, construction, and others), and others), By Product type (rotary and linear actuators) And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2024-2032

Category: Automotive Report Format : PDF Report Code: ZMR-6656 Status : Upcoming
Market Size in 2023 Market Forecast in 2032 Growth Rate (in %) Base Year
USD XX Million USD XX Million CAGR at X.XX% 2023

Description

According to the report published by Zion Market Research, the global Hydraulic Actuators Market size was valued at USD XX Million in 2023 and is predicted to reach USD XX Million by the end of 2032. The market is expected to grow with a CAGR of XX% during the forecast period. The report analyzes the global Hydraulic Actuators Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Hydraulic Actuators Market industry.

Global Hydraulic Actuators Market: Overview

The hydraulic system is adopted in several industrial and mobile applications to execute a large number of tasks. Activators are equipment that transforms energy into motion. Most of the tasks include controlling or moving mechanisms. Hydraulic actuators are widely utilized in mining and construction equipment like tractors, trucks, motors, excavators, and others. Also, hydraulic actuators are adopted in nuclear power plants. These actuators are used in the area that requires high speed and large forces for the purpose of cloud control applications.

Actuators are effectively operated with the help of external energy sources like pneumatic pressure, hydraulic fluid pressure, and electric current, which are later converted into motion. Actuators include two fundamental motions namely rotary and linear motion. These machines are available in various sizes, types, and power configurations, according to the applications they need to be adopted.

Global Hydraulic Actuators Market: Growth Factors

The rapid development of smart cities globally is one of the primary key factors fuelling the growth of the global hydraulic actuators market. In addition, the growing inclination of people towards smart farming to encourage the growth of the agriculture sector is also posing a huge need for these actuators. There is a high requirement for minimizing the adoption of agricultural products to maintain crop productivity, thereby lowering the utilization of agriculture input components like soil improvement and plant protection is likely to fuel the adoption of hydraulic actuators.

Furthermore, the surging prices of agricultural products along with growing initiatives towards environmental protection are also pressurizing the policymakers to encourage smart farming. Also, to raise profitability and sustainability of the agriculture sector to reduce crop wastage and enhance resource efficiency, there is no need to shift traditional farming techniques towards smart farming. Moreover, the ongoing technological advancements like the improvement of electro-hydraulic technology with the integration of hydraulics and electronics have significantly widened the utilization of hydraulic actuators globally. These hydraulic actuators find a large number of applications in thrust vectoring of rocket nozzles, control of aero surfaces, and control of the operation in spacecraft and rockets sector.

The aerospace sector includes military aircraft applications as well as commercial applications which have emerged as a vital part of powering parameter systems and components. Also, the growing government initiatives towards improving the military and defense sector in several regions across the globe is also fueling the demand for these hydraulic actuators system significantly. The advent of low-cost hydraulic systems is further likely to project the growth of the global hydraulic actuators market significantly in the forthcoming years. Manufacturers are increasing funding to boost the research and development activities in order to launch innovative products in the global hydraulic actuators market.

Global Hydraulic Actuators Market: Segmentation

The global hydraulic actuators market can be segmented into application, product type, and region.

By application, the market can be segmented into the aviation industry, mobile equipment, and others. The mobile equipment segment can further be bifurcated into agricultural, metal & mining, oil & gas, construction, and others. The aerospace segment accounts for the largest share in the global hydraulic actuators market due to the growing utilization of these hydraulic actuators and their surging applications including control of wing, flaps door, control braking system, and several others. The growing investment from the government to encourage the growth of the aerospace sector will also leverage the growth of the segment.

By product, the market can be segmented into rotary and linear actuators.

Hydraulic Actuators Market : Report Scope

Report Attributes Report Details
Report Name Hydraulic Actuators Market Research Report
Market Size in 2023 USD XX Million
Market Forecast in 2032 USD XX Million
Growth Rate CAGR of XX%
Number of Pages 196
Key Companies Covered SMC Corporation, Wipro Infrastructure Engineering, Bosch Rexroth S.A, Pentair Plc., Eaton Corporation, Parker Hannifin Corporation, Rotork Plc, Cameron International Corporation, Emerson Electric Co, and Flowserve Corporation.
Segments Covered By Application, By Product type and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Hydraulic Actuators Market: Regional analysis

North America accounts for the largest share in the global hydraulic actuators market due to the growing investment from the government to strengthen the military and aerospace sectors. The sectors require hydraulic actuators in a large number of applications. Also, the ongoing technological advancements in the field of hydraulic actuators will also support the growth of the regional market.

Europe accounts for the second-largest share in the global hydraulic actuators market due to the growing trend of smart farming in the region.

Also, Asia Pacific is expected to be the fastest-growing region in the global hydraulic actuators market due to the fast proliferating industrial sector in the region. Government initiatives and ongoing technological advancements are likely to be the primary factor for the growth of the regional market over the forecast period.

Global Hydraulic Actuators Market: Competitive Players

Some of the significant players in the global hydraulic actuators market are:

  • SMC Corporation
  • Wipro Infrastructure Engineering
  • Bosch Rexroth S.A
  • Pentair Plc.
  • Eaton Corporation
  • Parker Hannifin Corporation
  • Rotork Plc
  • Cameron International Corporation
  • Emerson Electric Co
  • Flowserve Corporation.

Product launches, research & development activities, and acquisition & collaboration are different strategies adopted by manufacturers in the market to grow and strengthen their position globally.

The Global Hydraulic Actuators Market is segmented as follows:

By Application 

  • the aviation industry
  • mobile equipment (agricultural, metal & mining, oil & gas, construction, and others),
  • and others  

By Product type  

  • rotary 
  • linear actuators

Global Hydraulic Actuators Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The rapid development of smart cities globally is one of the primary key factors fuelling the growth of the global hydraulic actuators market. In addition, the growing inclination of people towards smart farming to encourage the growth of the agriculture sector is also posing a huge need for these actuators.

Some of the significant players in the global hydraulic actuators market are SMC Corporation, Wipro Infrastructure Engineering, Bosch Rexroth S.A, Pentair Plc., Eaton Corporation, Parker Hannifin Corporation, Rotork Plc, Cameron International Corporation, Emerson Electric Co, and Flowserve Corporation.

 

North America accounts for the largest share in the global hydraulic actuators market due to the growing investment from the government to strengthen the military and aerospace sectors. The sectors required hydraulic actuators in a large number of applications. Also, the ongoing technological advancements in the field of hydraulic actuators will also support the growth of the regional market.

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