The axial piston pumps market is expected to record a CAGR of 4.2% during the forecast period 2022-2032, up from US$ 1418 Million in the year 2022 to reach a valuation of US$ 2139.7 Million by 2032.
The axial piston pumps market is anticipated to show promising growth prospects in the forecasted period 2022-2032.
The strong influence of technological advancement in the designing and construction of hydraulic pumps and systems combined with gearing process automation to offer better performance is fuelling the growth of the axial piston pump market. Moreover, subsequent growth in the irrigation sector and oil & gas industry and rising concerns about water treatment globally are factors driving the consumption of axial piston pumps globally.
Governments of countries such as the U.S., Canada, China, India, and Africa are continuously focusing on improving access to clean drinking. Moreover, growing investments toward improving wastewater treatment are some of the factors leading to a significant rise in the consumption of axial piston pumps over the forecast period.
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Moreover, hydraulics has become an increasingly important part of modern industrial machinery to provide a more efficient, sustainable, and low-carbon alternative. Among the benefits of hydraulic systems are high power density, precision control, and automation, which in turn will drive the business of axial piston pumps.
Modern hydraulic machines offering these features, along with impressive user benefits, can boost the sales of axial piston pumps at a global level. However, higher maintenance costs and fluctuations in pulsations are factors that can hinder the axial piston pump market growth.
How is the Competitive Landscape in the Axial Piston Pumps Market?
Axial piston pumps are designed to satisfy medium to heavy-duty open circuit applications in machinery, marine, mobile, industrial and other industries.
Owing to the inherent features offered by axial piston pumps, such as reliability, low pulsation & noise levels, numerous control options, and high power-to-weight ratio, axial piston pumps are suitable for construction machines, concrete pumps, and utility vehicles, waste-disposal trucks, and other machines.
Axial piston pumps are primarily used in hydraulic machinery to convert mechanical energy to hydraulic energy.
The global axial piston pump market has numerous small-scale and international manufacturers at the regional level. Few industry players are identified across the value chain of the global axial piston pumps market, which are Bosch Rexroth AG, Kawasaki Heavy Industries, Liebherr, HYDAC International, HAWE Hydraulik SE, Roto Pumps Limited, Danfoss, Hydraquip, Bondioli & Pavesi S.p.A., Voith GmbH & Co. KGaA, Eaton, Hydrosila, DeltaQ Ltd., DOSCO Precision Hydraulics, United Hydraulic Control, Wainbee Lab, Parker-Hannifin Corporation, CNSP, and Oilgear.
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Key Segments Profiled in Axial Piston Pumps Market
By Product Type:
- Variable displacement axial piston pumps
- Fixed displacement axial piston pumps
- Bent axis
- In-line (Swash plate)
By Pressure Range:
- Below 160 bar
- 160-400 bar
- 400-450 bar
- More than 450 bar
By Material Used:
- Cast iron
- Stainless steel
- Plastics
- Bronze, brass & Others
By End Use Industry:
- Automotive & Transportation
- Construction
- Mining
- Agriculture & forestry
- Oil & gas industry
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East & Africa
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