Hydraulic equipment market seen reaching $51.65 billion by 2027

By AI, Created 11:51 AM UTC, May 28, 2026, /AGP/ – Allied Market Research projects the global hydraulic equipment market will rise from $40.51 billion in 2019 to $51.65 billion by 2027, a 3.8% annual growth rate. The report points to mechanized agriculture, industrialization and energy-efficient equipment demand as key forces shaping the market, despite pressure from electro-mechanical alternatives and COVID-19 disruptions.

Why it matters: - Hydraulic equipment sits inside manufacturing, construction and agriculture supply chains, so its growth tracks broader industrial activity. - The market’s projected climb to $51.65 billion by 2027 signals continued demand for pumps, motors, valves and cylinders across multiple end uses. - Energy-efficient hydraulic systems could capture new demand as equipment makers respond to pressure from electro-mechanical alternatives.

What happened: - Allied Market Research released a report on the global hydraulic equipment market covering applications, end users and products. - The report pegs the market at $40.51 billion in 2019 and projects it will reach $51.65 billion by 2027. - The forecast implies a 3.8% CAGR from 2020 to 2027. - The report is titled “Hydraulic Equipment Market by Application (Mobile and Industrial), End User (Mining & Construction, Agriculture & Forestry, Packaging, Material Handling, and Others), and Product (Pumps, Motors, Valves, and Cylinders): Global Opportunity Analysis and Industry Forecast, 2020-2027”. - Allied Market Research offers a sample of the report at Download report sample. - Allied Market Research also lists purchase options for the full study at Purchase options.

The details: - Adoption of mechanized agricultural equipment and rising industrialization are driving market growth. - Replacement of hydraulic equipment with electro-mechanical systems is slowing growth. - Demand for energy-efficient hydraulic equipment is expected to create new opportunities. - COVID-19 reduced demand from mining and construction because of lockdowns. - Manufacturing firms cut production because of government restrictions and reliance on migrant workers. - Supply chain disruptions created raw material shortages. - Some restrictions have eased, and manufacturing has resumed at a slower pace. - The industrial segment held the largest share in 2019, with more than half of the market, because of large-scale manufacturing activity. - The mobile segment is projected to post the fastest growth, with a 4.1% CAGR, as manufacturers offer more powerful and advanced equipment. - The motors segment is expected to register the highest CAGR at 4.7% during the forecast period. - The cylinders segment held the largest share in 2019 at nearly one-third of the market. - Asia-Pacific held the largest share in 2019, with more than one-third of the market, supported by major manufacturing operations in Asian countries. - LAMEA is expected to grow the fastest at a 4.9% CAGR. - North America is projected to grow at a 3.3% CAGR.

Between the lines: - The report suggests the market’s growth is being shaped by a mix of long-term industrial demand and shorter-term disruption from COVID-19. - Growth appears strongest where equipment upgrades and mechanization are accelerating, especially in mobile systems and motor-driven machinery. - Regional patterns show manufacturing density still matters most, but faster growth is shifting toward emerging or underpenetrated markets.

What’s next: - Manufacturers are likely to focus on energy-efficient systems and more advanced mobile equipment to win future demand. - Regional growth in LAMEA and continued industrial demand in Asia-Pacific may reshape market share through 2027. - Key market participants include Parker-Hannifin Corp., Robert Bosch GmbH, Siemens AG, Wipro Limited, Daikin Industries Ltd., Danfoss A/S, Eaton, Emerson Electric Co., Kawasaki Heavy Industries Ltd. and Komatsu Ltd.