The hydraulic pumps market is projected to grow significantly, reaching a value of US$ 14.2 billion by 2030, up from US$ 10.2 billion in 2022, with an anticipated compound annual growth rate (CAGR) of 4.2% from 2022 to 2030.

In North America, countries such as the United States, Canada, and Mexico are key players in the hydraulic pumps market, contributing a substantial portion of the global share. This growth is largely driven by increased investments in infrastructure and wastewater management systems. For example, the US Water Services Department reported in February 2023 that the Cave Creek Water Reclamation Plant Rehabilitation project received a funding boost of US$ 213 million, which represents 70% of the total budget earmarked for 2024. The financial strategies developed by the Water Services and Finance Departments in the US aim to ensure the sustainability of water and wastewater services, thereby enhancing the demand for hydraulic pumps in these facilities. These pumps are vital for facilitating the movement and continuous flow of water throughout the treatment processes.

Hydraulic pumps are integral to a variety of machinery and equipment, including bulldozers, excavators, drills, and cranes, which are extensively utilized in the construction sector. These pumps enhance the operational capabilities of such machinery, enabling them to lift heavy loads and transport materials efficiently. The surge in construction investments is creating favorable conditions for the hydraulic pumps market in both Canada and Mexico. According to a report from the Government of Canada in September 2023, the nation is set to invest over US$ 133.64 billion through 2028, focusing on public transit, broadband infrastructure, trading ports, natural spaces, energy systems, and community services. This growing adoption of hydraulic pump products across various sectors, including construction, power generation, and automotive, is propelling market growth in North America.

In the United States, the hydraulic pumps market is expected to expand during the forecast period, driven by increased infrastructure spending. The construction sector is a cornerstone of the US economy, with the country being a global leader in infrastructure development. The rising investments in bridge and tunnel construction are particularly influential in boosting the hydraulic pumps market. For instance, a report from the White House in May 2023 highlighted that San Francisco allocated US$ 400 million for retrofitting the Golden Gate Bridge, aiming to enhance its earthquake resilience. Such retrofitting projects necessitate advanced construction machinery capable of handling heavy materials, thereby increasing the demand for hydraulic pumps.

The hydraulic pumps market can be categorized by application into several segments, including construction, commercial vehicles, agricultural vehicles, aircraft, and others. In modern construction, hydraulic pumps are essential, powering a wide array of equipment and tools. They are predominantly utilized on construction sites in large hydraulic machinery and various off-highway vehicles like diggers, excavators, and dumpers. Additionally, hydraulic systems are crucial in factories and offshore environments for moving heavy equipment, cutting, bending materials, and powering substantial machinery. Numerous global manufacturers supply hydraulic pumps tailored for construction applications. For instance, Kawasaki offers the K3VL series swash plate axial piston pump, designed for diverse construction and off-highway applications requiring medium to high-pressure variable displacement.

In commercial vehicles, hydraulic pumps are employed for functions such as supercharging, air conditioning, power steering, and automatic transmission systems. Companies like Bosch Rexroth provide high-pressure pumps, such as the A18VO series, specifically engineered for demanding commercial vehicle applications. This variable pump features an axial tapered piston design optimized for open circuit hydrostatic drives, making it suitable for heavy-duty equipment like large HGV loading cranes.

The hydraulic pumps market is also segmented by type, including gear pumps, piston pumps, and vane pumps. Gear pumps operate using interlocking gears to move fluid through a cyclic motion, providing a steady, pulse-free flow proportional to the gear rotation speed. They are particularly effective for high-viscosity fluids, such as oils and resins, and are often chosen for applications requiring precise dosing or high-pressure outputs. For example, Rexpower Hydraulic & Pneumatic Co., Ltd. launched the TOP3 internal gear pump in 2020, designed for transporting hydraulic and lubricating oils.

Piston pumps, on the other hand, can handle viscous media and those containing solid particles, making them suitable for high-pressure cleaning and industrial processing. Companies like Pump Solutions Australasia offer piston pumps, such as the HSK series, designed for challenging applications involving heavy sludges and slurries.

Key players in the hydraulic pumps market include Bosch Rexroth Corporation, Danfoss, Linde Hydraulics GmbH & Co. KG, Dynamatic Technologies Limited, HYDAC International GmbH, Parker Hannifin Corp, Kawasaki Heavy Industries, Daikin Industries, Bucher Industries, and HAWE Hydraulik SE. These companies are profiled in the market study, highlighting their contributions to the hydraulic pumps sector.

The overall size of the hydraulic pumps market has been determined through extensive primary and secondary research. This research involved gathering qualitative and quantitative data from various internal and external sources, providing a comprehensive overview and forecast of the market across all segments. Additionally, numerous primary interviews with industry stakeholders, including VPs, business development managers, and market intelligence experts, were conducted to validate the findings and gain deeper insights into the hydraulic pumps market.