Market Forecast By Components (Motors, Pumps, Cylinders, Valves, Filters, Accumulators, Transmissions), By Type (Mobile Hydraulics, Industrial Hydraulics), By End User (Construction, Agriculture, Material Handling) And Competitive Landscape
Product Code: ETC4582416 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Report Name | Australia Hydraulics Market |
Forecast period | 2025-2031 |
CAGR | 4.0% |
Growing Sector | Construction |
The Australia Hydraulics Storage Market report thoroughly covers the market by type, by components and by end-user. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Australia hydraulics market is growing rapidly due to ongoing economic and infrastructure development across the country; Hydraulics play an important role in various industries such as construction, agriculture, mining and aviation. These trends are driving demand for hydraulic systems and equipment, particularly as Australia's manufacturing and transport industries increasingly focus on efficiency and automation. Moreover, the market is expected to witness strong growth owing to advancements in technology, increased investments in infrastructure projects and consumption of hydraulic equipment for heavy use.
According to 6Wresearch, the Australia Hydraulics Market size is expected to grow at a significant CAGR of 4.0% during the forecast period 2024-2030. The growth of the Australia hydraulic market is driven by many factors. Firstly, the expansion of construction and operation requires the use of hydraulic systems of machinery and equipment only. Secondly, modern farming methods have increased the demand for hydraulic agricultural machinery. Additionally, increasing interest in energy-saving solutions and integration of IoT and automation technologies further fuel the growth of the market. The Australia Hydraulics Market growth is securing a massive growth underpinned by some ongoing trends. Such as the country's robust mining and construction industries.
A key trend is the increasing demand for hydraulic equipment that offers higher efficiency and productivity, coupled with reduced environmental impact. Furthermore, the trend towards automation and the integration of smart technologies into hydraulic systems is gaining momentum. This encompasses the development of intelligent hydraulic solutions capable of predictive maintenance and optimized performance, thus reducing operational downtime and increasing overall efficiency. Additionally, there is a growing emphasis on sustainability within the sector, with an uptick in the adoption of environmentally friendly hydraulic fluids and energy-efficient systems. These developments not only reflect the technological advancements in the field but also align with the broader push towards sustainability and efficiency in Australian industries.
Key players in the Australia hydraulics market include Eaton Corporation, Parker Hannifin Corporation, Bosch Rexroth AG, and Kawasaki Heavy Industries, Ltd. These companies offer a wide range of hydraulic systems, components, and solutions catering to diverse industrial applications.
The Australian government has implemented several initiatives to support the growth of the Australia Hydraulic Market in the country. These include the National Innovation and Science Agenda (NISA), to promote innovation and entrepreneurship in manufacturing. Additionally, the Infrastructure Investment Program allocates significant funds for infrastructure development, increasing demand for hydraulic equipment. Free Trade Agreements with major trading partners have reduced trade barriers, while support for renewable energy targets has boosted hydraulic system demand in the renewable energy sector. Strict environmental regulations promoting sustainability have also spurred innovation in eco-friendly hydraulic solutions.
The Australia hydraulics industry will continue to grow driven by ongoing business, infrastructure and technological development. Advanced hydraulic systems, including electro-hydraulic systems and smart hydraulic components, are required to increase efficiency and productivity across the industry and help the industry grow.
According to Ravi Bhandari, Research Head, 6Wresearch, motors are responsible for providing the power needed to move the machine by converting hydraulic power into electricity. They are widely used in manufacturing as well as construction and agricultural equipment. As automation and electrification trends continue to increase in the industry, the demand for motors should also increase.
The construction industry is one of the largest consumers of hydraulic equipment, with increasing demand for infrastructure and new construction. The industry requires heavy equipment such as excavators, bulldozers and cranes, often using hydraulic systems.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Hydraulics Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Hydraulics Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Hydraulics Market - Industry Life Cycle |
3.4 Australia Hydraulics Market - Porter's Five Forces |
3.5 Australia Hydraulics Market Revenues & Volume Share, By Components, 2021 & 2031F |
3.6 Australia Hydraulics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Australia Hydraulics Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Australia Hydraulics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Hydraulics Market Trends |
6 Australia Hydraulics Market, By Types |
6.1 Australia Hydraulics Market, By Components |
6.1.1 Overview and Analysis |
6.1.2 Australia Hydraulics Market Revenues & Volume, By Components, 2021-2031F |
6.1.3 Australia Hydraulics Market Revenues & Volume, By Motors, 2021-2031F |
6.1.4 Australia Hydraulics Market Revenues & Volume, By Pumps, 2021-2031F |
6.1.5 Australia Hydraulics Market Revenues & Volume, By Cylinders, 2021-2031F |
6.1.6 Australia Hydraulics Market Revenues & Volume, By Valves, 2021-2031F |
6.1.7 Australia Hydraulics Market Revenues & Volume, By Filters, 2021-2031F |
6.1.8 Australia Hydraulics Market Revenues & Volume, By Accumulators, 2021-2031F |
6.2 Australia Hydraulics Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Australia Hydraulics Market Revenues & Volume, By Mobile Hydraulics, 2021-2031F |
6.2.3 Australia Hydraulics Market Revenues & Volume, By Industrial Hydraulics, 2021-2031F |
6.3 Australia Hydraulics Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Australia Hydraulics Market Revenues & Volume, By Construction, 2021-2031F |
6.3.3 Australia Hydraulics Market Revenues & Volume, By Agriculture, 2021-2031F |
6.3.4 Australia Hydraulics Market Revenues & Volume, By Material Handling, 2021-2031F |
7 Australia Hydraulics Market Import-Export Trade Statistics |
7.1 Australia Hydraulics Market Export to Major Countries |
7.2 Australia Hydraulics Market Imports from Major Countries |
8 Australia Hydraulics Market Key Performance Indicators |
9 Australia Hydraulics Market - Opportunity Assessment |
9.1 Australia Hydraulics Market Opportunity Assessment, By Components, 2021 & 2031F |
9.2 Australia Hydraulics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Australia Hydraulics Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Australia Hydraulics Market - Competitive Landscape |
10.1 Australia Hydraulics Market Revenue Share, By Companies, 2024 |
10.2 Australia Hydraulics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |