The global hydraulic pump market size is a rapidly growing industry, with increasing demand from various sectors such as construction, mining, and automotive. According to a recent market research report by VynZ Research, the market is expected to reach USD 15.72 billion by 2030, growing at a CAGR of 4.3% from 2022 to 2030.

One of the major drivers of the market is the growing demand for construction equipment in emerging economies. As infrastructure development continues to grow, the demand for hydraulic pumps for construction equipment is also increasing. The mining industry is also a significant contributor to the hydraulic pump market, as hydraulic pumps are extensively used in mining equipment.

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The automotive industry is another major user of hydraulic pumps, as they are used in power steering and braking systems. The growing demand for electric vehicles is expected to have a positive impact on the hydraulic pump market, as electric vehicles also require hydraulic pumps for their braking systems.

Asia Pacific is the largest market for hydraulic pumps, owing to the growing infrastructure development in countries like China and India. North America and Europe are also significant markets for hydraulic pumps, owing to the presence of major players in these regions.

The hydraulic pump market is highly competitive, with numerous players operating in the market. Some of the key players in the market, according to VynZ Research, are:

Bosch Rexroth AG
Bucher Industries AG
Danfoss AS
Enerpac Tool Group
Bailey International
Dynamatic Technologies Limited
Eaton
Linde Hydraulics GmbH & Co. KG.
PARKER HANNIFIN CORP
Shibaura Machine CO., LTD.

In conclusion, the global hydraulic pump market is a rapidly growing industry, driven by increasing demand from various sectors such as construction, mining, and automotive. The Asia Pacific region is the largest market for hydraulic pumps, with major players focusing on product innovation to stay ahead in the competition. The future of the hydraulic pump market looks bright, with growing infrastructure development and the increasing demand for electric vehicles.

Source: VynZ Research