Fluid Power Equipment Market Trends

Fluid Power Equipment Market size was valued at USD 43945.03 Million in 2023 and is poised to grow from USD 46546.58 Million in 2024 to USD 78106.92 Million by 2032, growing at a CAGR of 5.92% during the forecast period (2025-2032).

Companies are constantly investing in strategic partnerships and product development in order to increase their market share. In order to enhance their presence on the worldwide market, various companies are also concentrating on implementing methods like collaborations. Additionally, they have been concentrating on tactics such as inorganic and organic growth advancements, including contracts and investments. 'Bosch Rexroth ', 'Eaton Corporation ', 'Parker Hannifin ', 'Kawasaki ', 'Fluid-Power Equipment Inc ', 'Sparrows Group ', 'Fluid Systems Inc ', 'AGILOX ', 'Kent Fluid Power Ltd ', 'Moog Inc ', 'Daikin ', 'Danfoss AS ', 'Festo AG ', 'SMC Corporation ', 'Bucher Industries AG ', 'HYDAC International GmbH ', 'Hydraforce Inc. ', 'Kawasaki Heavy Industries Ltd. ', 'Nachi-Fujikoshi Corp. ', 'HAWE Hydraulik SE '

Increased demand from the food and beverage industries: One of the key reasons boosting the market for fluid power equipment is the rising demand from the food and beverage industry. Additionally, the market is positively impacted by the growing demand for water and wastewater infrastructure, particularly in developing nations.

Rise in Inclination towards Fluid Power Equipment: The increased preference for fluid power equipment over electrical and mechanical equipment, such as smooth linear motion using hydraulic or pneumatic cylinders, is expected to accelerate market expansion.

Based on the region, the Asia Pacific region currently dominates the global fluid power equipment market with respect to market share and it is predicted to have the highest share over the forecast period. This is as a result of the region's rapidly expanding population and rising energy consumption.