Brazil Hydraulics Market size is projected to grow at a CAGR of 4.6% during 2024E–30F

Hydraulic pumps in terms of components attained the highest revenue share in Brazil Hydraulics Market – 6Wresearch

By component, Hydraulic pumps dominated the hydraulics market due to their essential function in transforming mechanical power into hydraulic energy. This energy conversion is crucial for operating hydraulic systems, as these pumps generate the necessary pressure and fluid flow to drive actuators like cylinders and motors. This capability enables machinery to perform tasks such as heavy lifting and precise movements, which are vital for various industrial applications. Consequently, hydraulic pumps are integral to the efficient functioning of hydraulic systems, securing their leading market share.

According to 6Wresearch, Brazil Hydraulics Market size is projected to grow at a CAGR of 4.6% during 2024E–30F. Brazil's mining sector, contributing approximately 4% to GDP and ranked as the 5th largest global producer of minerals, primarily iron ore, is experiencing increased investments. These investments are driving the expansion of mining operations and infrastructure, which in turn would surge the demand for mining equipment. Brazil's e-commerce market, the largest in Latin America with a $275 billion valuation in 2023, is growing at 18.1% annually and expected to surpass $457.2 billion by 2026. Increased online shopping, accelerated by pandemic digital relief measures, is driving demand for material handling equipment like forklifts and conveyors. This surge in equipment demand is fueling growth in Brazil's hydraulics market as logistics operations expand.

The Brazilian hydraulic market's reliance on imported components faces risks from global supply chain disruptions, price volatility, and trade barriers. Issues like port congestion at Santos, fluctuating steel prices, US tariffs, shipping delays, and natural disasters in supplier countries underscore the need for diversified sourcing, local manufacturing, and improved logistics

According to Shubham Deep, Senior Research Associate, 6Wresearch, the construction sector holds the maximum market revenue share due to the growing investment and upcoming residential and commercial projects such as hotel projects like W Gramado Hotel, Radisson Hotel, and 8 new projects from Hard Rock Hotels across several cities such as Fortaleza, Ilha de Sol, Natal, Recife, among others in Brazil further contribute to the demand for hydraulics in the construction sector.

Brazil Hydraulics Market (2024-2030) report provides an in-depth analysis with 17 figures and 7 tables, covered in 69 pages. The report comprehensively covers the market by components, types and end users. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.