Europe Hydraulic Pumps Market Forecast to 2030 - Regional Analysis - by Type (Gear Pump, Piston Pump, and Vane Pump) and Application (Construction, Commercial Vehicles, Agriculture Vehicles, Aerospace, and Others)
The Europe hydraulic pumps market was valued at US$ 2,210.89 million in 2022 and is expected to reach US$ 2,898.72 million by 2030; it is estimated to register a CAGR of 3.4% from 2022 to 2030. ... もっと見る
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SummaryThe Europe hydraulic pumps market was valued at US$ 2,210.89 million in 2022 and is expected to reach US$ 2,898.72 million by 2030; it is estimated to register a CAGR of 3.4% from 2022 to 2030.Growing Demand from Automotive Industry Drives Europe Hydraulic Pumps Market Hydraulic pumps are highly used in industries such as aerospace, construction, agriculture, and automotive for lifting heavy loads. The expansion of these industries is creating a demand for hydraulic pumps among users. The automotive industry extensively uses hydraulic pumps in numerous applications, such as brakes, power steering, and transmission systems. Hydraulic pumps are used to make easier and comfortable for the driver to steer when driving. Hydraulic pumps are widely used in automobiles for energy production and vehicle propulsion. The market is growing due to the recent trend of electric vehicles (EVs) and the increasing use of robots in automotive manufacturing. For instance, according to the International Energy Agency (IEA), electric vehicle sales increased by 10 million in 2022. Approximately 14% of all new cars sold across the globe were electric. The increasing sales of electric cars globally raise the adoption of hydraulic pumps among automotive manufacturers. Hydraulic pumps are used in advanced braking systems in electric vehicles. Hydraulically operated brakes can deploy quickly and are much more responsive than electric brakes, which increases their adoption among consumers. Hydraulic pumps are demanded by automotive users to provide rapid response needed when the brake pedal is depressed and slowing down the vehicles speed. The pumps also support the driver to regulate the ABS and power steering systems. Hydraulic pumps improve vehicles' performance, range, and overall energy usage, enabling faster response times and better power distribution by reducing the load on the battery, which increases their demand among consumers. Europe Hydraulic Pumps Market Overview Europe is a technologically advanced region, owing to the high demand for advanced technologies in countries such as Germany, the UK, France, Italy, Spain, and Russia. Germany is the major automotive hub owing to the presence of various automotive giants. This increases the demand for hydraulic pumps in the automotive industry. For instance, Parker Hannifin Corp provides a full line of Electro-Hydraulic Pump (EHP) kits used in hybrid electric and other electric mobile applications. EHP kits provide real-time speed/torque commands, control, operation, and diagnostic monitoring through the inverter's discrete I/O or CANopen interface. The increasing sales of electric vehicles is expected to create growth opportunities in the hydraulic pumps market. For instance, according to the European Automobile Manufacturers Association (ACEA), in July 2023, Europe sold 62% of electric vehicles. The growing sale of electric vehicles increases the adoption of hydraulic pumps among automotive manufacturers. Hydraulic pumps are required for precise movements in electric and hybrid vehicles, which fuels the market growth. Europe Hydraulic Pumps Market Revenue and Forecast to 2030 (US$ Million) Europe Hydraulic Pumps Market Segmentation The Europe hydraulic pumps market is categorized into type, application, and country. Based on type, the Europe hydraulic pumps market is segmented into gear pump, piston pump, and vane pump. The gear pump segment held the largest Europe hydraulic pumps market share in 2022. In terms of application, the Europe hydraulic pumps market is segmented into construction, commercial vehicles, agriculture vehicles, aerospace, and others. The construction segment held the largest Europe hydraulic pumps market share in 2022. By country, the Europe hydraulic pumps market is segmented into Germany, France, the UK, Russia, Italy, and the Rest of Europe. Germany dominated the Europe hydraulic pumps market share in 2022. Bosch Rexroth Ltd, Danfoss LLC, Linde Hydraulics GmbH & Co KG, Dynamatic Technologies Ltd, HYDAC International GmbH, Parker Hannifin Corp, Kawasaki Heavy Industries Ltd, and Daikin Industries Ltd are some of the leading companies operating in the Europe hydraulic pumps market. Table of ContentsTABLE OF CONTENTS1. Introduction 1.1 The Insight Partners Research Report Guidance 1.2 Market Segmentation 2. Executive Summary 2.1 Key Insights 2.2 Market Attractiveness 3. Research Methodology 3.1 Coverage 3.2 Secondary Research 3.3 Primary Research 4. Europe Hydraulic Pumps Market Landscape 4.1 Overview 4.2 PEST Analysis 4.3 Ecosystem Analysis 4.3.1 List of Vendors in Value Chain 5. Europe Hydraulic Pumps Market - Key Industry Dynamics 5.1 Hydraulic Pumps Market - Key Industry Dynamics 5.2 Market Drivers 5.2.1 Increasing Mining Projects 5.2.2 Growing Demand from Automotive Industry 5.2.3 Increasing Demand for Digital Pumps 5.3 Market Restraints 5.3.1 High Cost and Complexities Associated with Hydraulic Pumps 5.4 Market Opportunities 5.4.1 Government Initiatives for Infrastructure Development 5.5 Future Trends 5.5.1 Growing Wastewater Treatment Projects 5.6 Impact of Drivers and Restraints: 6. Hydraulic Pumps Market - Europe Market Analysis 6.1 Hydraulic Pumps Market Revenue (US$ Million), 2022 - 2030 6.2 Hydraulic Pumps Market Forecast and Analysis 7. Europe Hydraulic Pumps Market Analysis - Type 7.1 Gear Pump 7.1.1 Overview 7.1.2 Gear Pump Market, Revenue and Forecast to 2030 (US$ Million) 7.2 Piston Pump 7.2.1 Overview 7.2.2 Piston Pump Market, Revenue and Forecast to 2030 (US$ Million) 7.3 Vane Pump 7.3.1 Overview 7.3.2 Vane Pump Market, Revenue and Forecast to 2030 (US$ Million) 8. Europe Hydraulic Pumps Market Analysis - Application 8.1 Construction 8.1.1 Overview 8.1.2 Construction Market Revenue, and Forecast to 2030 (US$ Million) 8.2 Commercial Vehicle 8.2.1 Overview 8.2.2 Commercial Vehicle Market Revenue, and Forecast to 2030 (US$ Million) 8.3 Agriculture Vehicle 8.3.1 Overview 8.3.2 Agriculture Vehicle Market Revenue, and Forecast to 2030 (US$ Million) 8.4 Aircraft 8.4.1 Overview 8.4.2 Aircraft Market Revenue, and Forecast to 2030 (US$ Million) 8.5 Others 8.5.1 Overview 8.5.2 Others Market Revenue, and Forecast to 2030 (US$ Million) 9. Europe Hydraulic Pumps Market - Country Analysis 9.1 Europe 9.1.1 Europe Hydraulic Pumps Market Overview 9.1.2 Europe Hydraulic Pumps Market Revenue and Forecasts and Analysis - By Country 9.1.2.1 Europe Hydraulic Pumps Market Revenue and Forecasts and Analysis - By Country 9.1.2.2 Germany Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) 9.1.2.2.1 Germany Hydraulic Pumps Market Breakdown by Type 9.1.2.2.2 Germany Hydraulic Pumps Market Breakdown by Application 9.1.2.3 France Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) 9.1.2.3.1 France Hydraulic Pumps Market Breakdown by Type 9.1.2.3.2 France Hydraulic Pumps Market Breakdown by Application 9.1.2.4 United Kingdom Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) 9.1.2.4.1 United Kingdom Hydraulic Pumps Market Breakdown by Type 9.1.2.4.2 United Kingdom Hydraulic Pumps Market Breakdown by Application 9.1.2.5 Italy Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) 9.1.2.5.1 Italy Hydraulic Pumps Market Breakdown by Type 9.1.2.5.2 Italy Hydraulic Pumps Market Breakdown by Application 9.1.2.6 Russia Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) 9.1.2.6.1 Russia Hydraulic Pumps Market Breakdown by Type 9.1.2.6.2 Russia Hydraulic Pumps Market Breakdown by Application 9.1.2.7 Rest of Europe Hydraulic Pumps Market Revenue and Forecasts to 2030 (US$ Mn) 9.1.2.7.1 Rest of Europe Hydraulic Pumps Market Breakdown by Type 9.1.2.7.2 Rest of Europe Hydraulic Pumps Market Breakdown by Application 10. Competitive Landscape 10.1 Heat Map Analysis by Key Players 10.2 Company Positioning & Concentration 11. Industry Landscape 11.1 Overview 11.2 Market Initiative 11.3 Product Development 11.4 Mergers & Acquisitions 12. Company Profiles 12.1 Bosch Rexroth Ltd 12.1.1 Key Facts 12.1.2 Business Description 12.1.3 Products and Services 12.1.4 Financial Overview 12.1.5 SWOT Analysis 12.1.6 Key Developments 12.2 Danfoss LLC 12.2.1 Key Facts 12.2.2 Business Description 12.2.3 Products and Services 12.2.4 Financial Overview 12.2.5 SWOT Analysis 12.2.6 Key Developments 12.3 Linde Hydraulics GmbH & Co KG 12.3.1 Key Facts 12.3.2 Business Description 12.3.3 Products and Services 12.3.4 Financial Overview 12.3.5 SWOT Analysis 12.3.6 Key Developments 12.4 Dynamatic Technologies Ltd 12.4.1 Key Facts 12.4.2 Business Description 12.4.3 Products and Services 12.4.4 Financial Overview 12.4.5 SWOT Analysis 12.4.6 Key Developments 12.5 HYDAC International GmbH 12.5.1 Key Facts 12.5.2 Business Description 12.5.3 Products and Services 12.5.4 Financial Overview 12.5.5 SWOT Analysis 12.5.6 Key Developments 12.6 Parker Hannifin Corp 12.6.1 Key Facts 12.6.2 Business Description 12.6.3 Products and Services 12.6.4 Financial Overview 12.6.5 SWOT Analysis 12.6.6 Key Developments 12.7 Kawasaki Heavy Industries Ltd 12.7.1 Key Facts 12.7.2 Business Description 12.7.3 Products and Services 12.7.4 Financial Overview 12.7.5 SWOT Analysis 12.7.6 Key Developments 12.8 Daikin Industries Ltd 12.8.1 Key Facts 12.8.2 Business Description 12.8.3 Products and Services 12.8.4 Financial Overview 12.8.5 SWOT Analysis 12.8.6 Key Developments 12.9 Bucher Hydraulics GmbH 12.9.1 Key Facts 12.9.2 Business Description 12.9.3 Products and Services 12.9.4 Financial Overview 12.9.5 SWOT Analysis 12.9.6 Key Developments 13. Appendix 13.1 About the Insight Partners 13.2 Word Index
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