Market Forecast By Countries (United States, Canada), By Component (Pumps, Valves, Excavators, Other), By Application (Industrial, Mobile), By End-user Industry (Construction, Mining, Agriculture, Oil & Gas, Automotive, Other) And Competitive Landscape
Product Code: ETC404875 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Hydraulic Equipment Market |
Forecast period | 2025-2031 |
CAGR | 4.5% |
Growing Sector | Construction |
The North America Hydraulic Equipment Market report thoroughly covers the market by Countries, Component, End Use Industry, and Application. 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 North America hydraulic equipment market is expected to experience a steady growth rate from 2025-2031 due to the region's advanced technology and strong manufacturing sector. This demand is driven by various industries, including automotive and construction, as they continue to increase their use of hydraulic equipment for efficient operations.
According to 6Wresearch, the North America Hydraulic Equipment Market size is expected to grow at a significant CAGR of 4.5% during 2025-2031. This can be attributed to the increasing demand for efficient and reliable machinery in various industries such as construction, mining, agriculture, and oil & gas. The rising trend of automation and mechanization has led to higher adoption of hydraulic equipment, driving the market growth. Moreover, strict government regulations regarding emissions and energy efficiency have also fueled the demand for hydraulic equipment. This is because these systems offer superior performance with lower energy consumption compared to traditional mechanical systems. Additionally, the growing focus on sustainability and green technologies has further boosted the use of hydraulic equipment in industries.
The high initial cost of hydraulic equipment and the need for regular maintenance are deterrents for small and medium-sized enterprises. Moreover, the availability of alternative technologies like electric and pneumatic systems also hinders the growth of the hydraulic equipment market in North America. Furthermore, issues related to leakage and potential environmental hazards due to oil leaks have also raised concerns among end-users and regulatory bodies.
The hydraulic equipment market in North America is highly competitive, with the presence of several key players. Some of the leading players in the market include Eaton Corporation, Parker Hannifin Corporation, Danfoss Power Solutions, Bosch Rexroth AG, and Kawasaki Heavy Industries Ltd. These companies offer a wide range of hydraulic solutions for various industries such as construction, agriculture, mining, and oil and gas. They also focus on research and development activities to introduce new products and technologies to stay ahead in the market competition.
The hydraulic equipment industry in North America is subject to various government initiatives aimed at promoting energy efficiency and sustainability. The governments in the region have implemented regulations on emissions, which have led to the adoption of eco-friendly hydraulic solutions. For instance, the US Environmental Protection Agency's Tier 4 emission standards require off-road equipment to use cleaner-burning engines with advanced emission control technologies. Additionally, government investments in infrastructure development projects such as roads, bridges, and dams also contribute to the growth of the hydraulic equipment market in North America.
The North American hydraulic equipment market is expected to witness significant growth in the coming years. The growth can be attributed to the rising demand for construction and mining activities, which require heavy-duty hydraulic equipment. Moreover, the booming oil and gas industry in the region also drives the demand for hydraulic equipment used in extraction and transportation processes. Additionally, technological advancements such as smart hydraulics systems and IoT integration are expected to boost market growth
According to Ravi Bhandari, Research Head, 6Wresearch, the pumps are expected to dominate the market owing to their wide range of applications in various industries such as agriculture, construction, and automotive.
In terms of end-user industries, construction is expected to be the largest contributor to the North America hydraulic equipment market due to ongoing infrastructure projects and urbanization initiatives.
The industrial segment is expected to hold a major share in the market owing to the high demand for hydraulic equipment in manufacturing processes and production lines.
The report provides a detailed analysis of the following 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 North America Hydraulic Equipment Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Hydraulic Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 North America Hydraulic Equipment Market - Industry Life Cycle |
3.4 North America Hydraulic Equipment Market - Porter's Five Forces |
3.5 North America Hydraulic Equipment Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Hydraulic Equipment Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 North America Hydraulic Equipment Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 North America Hydraulic Equipment Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 North America Hydraulic Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Hydraulic Equipment Market Trends |
6 North America Hydraulic Equipment Market, 2021 - 2031 |
6.1 North America Hydraulic Equipment Market, Revenues & Volume, By Component, 2021 - 2031 |
6.2 North America Hydraulic Equipment Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3 North America Hydraulic Equipment Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
7 United States Hydraulic Equipment Market, 2021 - 2031 |
7.1 United States Hydraulic Equipment Market, Revenues & Volume, By Component, 2021 - 2031 |
7.2 United States Hydraulic Equipment Market, Revenues & Volume, By Application, 2021 - 2031 |
7.3 United States Hydraulic Equipment Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
8 Canada Hydraulic Equipment Market, 2021 - 2031 |
8.1 Canada Hydraulic Equipment Market, Revenues & Volume, By Component, 2021 - 2031 |
8.2 Canada Hydraulic Equipment Market, Revenues & Volume, By Application, 2021 - 2031 |
8.3 Canada Hydraulic Equipment Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
9 North America Hydraulic Equipment Market Key Performance Indicators |
10 North America Hydraulic Equipment Market - Opportunity Assessment |
10.1 North America Hydraulic Equipment Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Hydraulic Equipment Market Opportunity Assessment, By Component, 2021 & 2031F |
10.3 North America Hydraulic Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10.4 North America Hydraulic Equipment Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
11 North America Hydraulic Equipment Market - Competitive Landscape |
11.1 North America Hydraulic Equipment Market Revenue Share, By Companies, 2024 |
11.2 North America Hydraulic Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |