The Hydraulics Market is segmented by Components (Motors, Pumps, Cylinders, Valves, Filters, Accumulators, Transmissions), Type (Mobile Hydraulics, Industrial Hydraulics), and End User.
The hydraulics market is set for significant expansion, with its value forecasted to increase from USD 42.6 billion in 2024 to USD 62.3 billion by 2029, growing at a CAGR of 8.0% during this period. Hydraulics technology employs pressurized fluids to generate, control, and transmit power. It finds broad application across sectors like construction, agriculture, automotive, aerospace, and industrial machinery, thanks to its high power density, precision, and dependability.