The valuation of the global axial piston motor market was around USD 361.9 Million in 2023. The demand is projected to rise at a moderate CAGR of 3.70% over the forecast period. The market is expected to reach USD 529 Million by 2034.
The increasing industrialization worldwide is projected to drive the future of the axial piston motor market. Some of the important trends expected to create immense opportunities in the market in the next years include the development of new materials and the integration of smart technologies.
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Rising demand for axial piston motors in machinery such as trucks, bulldozers, and harvesters is expected to drive the growth of the market. Moreover, increasing implementation of new technologies in axial piston motors is expected to create opportunities in the market.
Producers are entering new markets throughout different regions. Manufacturing businesses are focusing on developing strategic collaborations with retailers to increase their brand awareness. Other factors are also anticipated to drive the market over the forecast period. Consumers are seeking work-efficient motors for various applications in different machines, which is expected to drive the market.
The demand for axial piston motors is rapidly increasing due to technological advancements and enhanced efficiency, versatility, and better performance of these motors.
Key Takeaways from the Axial Piston Motor Market Report:
- The global axial piston motor market is estimated to register a CAGR of 3.70% through 2034.
- The market is expected to reach a valuation of USD 529 million by 2034.
- The United States is anticipated to dominate the global market by registering a 3.30% CAGR during the forecast period.
- With a 4.20% CAGR, the market in China is significantly rising over the forecast period.
- The market in Japan is anticipated to secure a CAGR of 2.80% during the forecast period.
Competitive Landscape:
In recent years, there has been a surge in investments and collaborations with venture capital firms and businesses within the industry. These strategic partnerships aim to accelerate research and development activities, scale production, and expand market reach.
Key players have initiated promotional activities to introduce the design and engineering of novel motors with enhanced efficacy.
Leading Key Players:
- Eaton Corp.
- Parker Hannifin Corp.
- Danfoss
- Bosch Rexroth AG
- Kawasaki Precision Machinery Co., Ltd.
- Poclain Hydraulics
- Bonfiglioli S.p.A.
- HYDAC International GmbH
- Linde Hydraulics GmbH & Co. KG
- Sauer-Danfoss GmbH
- Rexroth Hydraulics
- ZF Friedrichshafen AG
- Sun Hydraulics Corporation
- HAWE Hydraulik
- Nachi-Fujikoshi Corp.
- Sumitomo Heavy Industries, Ltd.
- IHI Corporation
- Komatsu Ltd.
- Hitachi Construction Machinery Co., Ltd.
- Caterpillar Inc.
- Volvo Construction Equipment AB
- John Deere
- Case New Holland
- Kubota Corporation
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Recent Developments:
- Bonfiglioli introduced new track drives with integrated axial piston motors for hybrid platforms.
- In 2023, Parker Hannifin introduced the F10 medium-duty, fixed-displacement, bent-axis pump, and motor series, an evolution of the company’s Pump & Motor Division Europe’s F11 and F12 products.
Axial Piston Motor Market Segmentation:
By Product Type:
- High Speed
- Medium Speed
- Low Speed
By End-use Industry:
- Mining
- Automotive
- Marine
- Oil and Gas
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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