Global Hydraulic Pump Market Size Anticipated to Reach USD 14.7 Billion by 2033 - IMARC Group

Global Hydraulic Pump Market Statistics, Outlook and Regional Analysis 2025-2033

The global hydraulic pump market size was valued at USD 10.0 Billion in 2024, and it is expected to reach USD 14.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.33% from 2025 to 2033.

One of the prime factors driving the market growth is the surging demand for hydraulic pumps in the agriculture sector and the increasing adoption of modern farming techniques and machinery. As agriculture becomes more mechanized, there is a growing need for efficient and powerful hydraulic systems to operate equipment like tractors, harvesters, and irrigation systems. Hydraulic pumps perform a variety of tasks, including lifting, steering, and fluid movement control in these machines. Besides this, the rising demand for higher crop yields, water-efficient irrigation, and faster harvesting is propelling the need for advanced hydraulic pumps. Additionally, the burgeoning growth of the agricultural and building services sectors, comprising 46% of the market, is fueling the demand for hydraulic pumps. With increasing automation across these industries, manufacturers are focusing on domestic needs as the unorganized sector offers cheaper alternatives. Furthermore, the advent of precision farming and autonomous machinery, which relies heavily on hydraulic systems to enhance productivity and reduce labor costs is creating a positive outlook for market expansion.

Expanding infrastructural development and rapid urbanization are significant drivers of the hydraulic pump market. Hydraulic systems are widely used in construction equipment such as cranes, excavators, and bulldozers, which are essential for building roads, bridges, and large-scale infrastructure projects. As urban populations increase, the demand for residential, commercial, and industrial infrastructure escalates, necessitating advanced machinery equipped with hydraulic pumps. This trend is particularly evident in emerging economies where urbanization is accelerating. In confluence with this, the increasing number of large-scale projects like smart cities, transportation networks, and public works are further bolstering the demand for hydraulic equipment. As construction projects become more complex and require higher efficiency, hydraulic pumps play a vital role in enhancing the performance and reliability of construction machinery, bolstering the market growth. Apart from this, government initiatives aimed at improving agricultural productivity and infrastructure development are also positively impacting the market growth. Various subsidies and grants for modern agricultural machinery and construction equipment are encouraging the adoption of hydraulic systems. This support is anticipated to strengthen market growth, especially in regions with strong governmental focus on modernization and urban development.

Global Hydraulic Pump Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share due to rapid industrialization, infrastructure projects, and agricultural expansion, driving significant demand for hydraulic pumps in the region.

North America Hydraulic Pump Market Trends:

The North America market is driven by ongoing advancements in energy-efficient technologies, increased construction activities, and strong demand in the automotive and aerospace sectors. The emphasis on sustainability has spurred the adoption of eco-friendly and fuel-efficient pumps, while infrastructure projects further support the market growth. Additionally, growing applications in agriculture and the defense sector, coupled with demand for automated and precision machinery, are propelling the market demand.

Asia-Pacific Hydraulic Pump Market Trends:

The Asia-Pacific hydraulic pump market is growing due to rapid urbanization, infrastructure development, and expanding agriculture and manufacturing sectors. Rising investments in construction and industrial automation, especially in China and India, are driving demand. Moreover, the adoption of energy-efficient machinery supports market growth, aligning with regional environmental and economic goals. The Asian Development Bank projects that the urban population in the region will increase from about 2 billion in 2020 to around 3 billion by 2050, necessitating significant infrastructure expansion. This rise in infrastructure development projects, such as smart cities and transport networks, is impelling the demand for hydraulic machinery essential in construction.

Europe Hydraulic Pump Market Trends:

The Europe hydraulic pump market benefits from a strong manufacturing base, technological innovation, and a focus on energy-efficient systems. Demand is driven by growth in the automotive, aerospace, and construction sectors. Besides this, strict environmental regulations push companies toward sustainable, low-emission hydraulic solutions, boosting the adoption of advanced, eco-friendly pump technologies.

Latin America Hydraulic Pump Market Trends:

The Latin America hydraulic pump market is driven by increasing construction projects, mining activities, and agricultural mechanization, particularly in Brazil and Mexico. Investment in infrastructure and industrial automation, while focusing on improving productivity and efficiency, supports the adoption of advanced, durable hydraulic systems across the region and is aiding the market growth.

Middle East and Africa Hydraulic Pump Market Trends:

The Middle East and Africa hydraulic pump market is driven by growing infrastructure projects, oil and gas exploration, and agricultural expansion. Increased investment in construction and energy sectors, especially in the Gulf region, boosts demand for hydraulic pumps. Moreover, the rising emphasis on efficient water management further promotes hydraulic pump adoption in agriculture, strengthening the market growth.

Top Companies Leading in the Hydraulic Pump Industry

Some of the leading hydraulic pump market companies include Bailey International LLC, Bosch Rexroth AG (Robert Bosch GmbH), Bucher Industries AG, Danfoss A/S, Dynamatic Technologies Limited, Enerpac Tool Group, HAWE Hydraulik SE, HYDAC INTERNATIONAL GmbH, Kawasaki Heavy Industries Ltd., Linde Hydraulics GmbH & Co. KG (Weichai Power Co. Ltd.), Moog Inc., Parker Hannifin Corporation, among many others.

• In January 2024, Bosch Rexroth completed the acquisition of HydraForce, a US-based hydraulic specialist, to expand its global hydraulics business. The merger combines Bosch Rexroth’s compact hydraulic systems with HydraForce’s expertise in cartridge valves and hydraulic integrated circuits (HIC), offering a broader range of solutions.

Global Hydraulic Pump Market Segmentation Coverage

• On the basis of the product type, the market has been categorized into gear pump, vane pump, and piston pump, wherein gear pump represents the leading segment. Gear pumps dominate the hydraulic pump market due to their simplicity, durability, and cost-effectiveness, making them suitable for various applications. Their efficient performance in low-pressure tasks, easy maintenance, and ability to handle various fluid types drive their popularity across industries like construction, agriculture, and manufacturing, ensuring steady demand.
• Based on the pressure range, the market is classified into up to 600 psi, 601 psi-1000 psi, and more than 1000 psi. Hydraulic pumps with up to 600 psi are ideal for light-duty applications, providing efficient power transfer at lower costs. The 601–1000 psi range suits mid-level industrial tasks, balancing power and durability. On the other hand, pumps over 1000 psi handle high-pressure needs in demanding sectors like construction and mining, offering robust performance for heavy-duty applications.
• On the basis of the application, the market has been bifurcateed into mobile applications and industrial applications. In mobile applications, hydraulic pumps power machinery in sectors like construction and agriculture, providing essential fluid power for mobile equipment operation. In industrial applications, they drive stationary systems in manufacturing and processing facilities, delivering consistent, high-pressure performance for intensive industrial tasks and ensuring operational efficiency across various heavy-duty environments.
• Based on the end user, the market is segregated into construction, mining, agriculture, machinery, oil and gas, chemicals and petrochemicals, and automotive, wherein construction represents the leading segment. The construction sector leads the hydraulic pump market due to the high demand for machinery like excavators, bulldozers, and cranes, which rely on hydraulic systems for power and precision. Ongoing infrastructure development and urbanization with hydraulic pumps offering essential performance for heavy lifting, digging, and material handling tasks thus impelling the market growth.