Axial Piston Pumps Market Size, Share & Growth Report | 2032
Axial Piston Pumps Market Size, Share & Growth Report | 2032
Segments - Axial Piston Pumps Market by Type (Variable Axial Piston Pump and Fixed Axial Piston Pump), Pressure Range (350 Bar, 400 Bar, and Others), End-use Industry (Chemical Processing, Primary Metals, Oil & Gas, Power Generation, Mining, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024–2032
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| Report ID :CG-6534
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| 209 Pages
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Report Description
Axial Piston Pumps Market Outlook 2032
The global axial piston pumps market size was USD 2.5 Billion in 2023 and is projected to reach USD 3.91 Billion by 2032, expanding at a CAGR of 5.1% during 2024–2032. The market growth is attributed to the growing demand for advanced hydraulic piston pumps.
Surging demand for renewable energy sources is resulting in the high utilization of axial piston pumps, thus boosting the market. The transition to sustainable energy solutions, such as wind and solar power, requires efficient hydraulic systems for energy capture, storage, and transmission. Axial piston pumps help in the maintenance and operation of hydraulic systems in renewable energy plants, ensuring optimal performance and reliability. Moreover, government incentives and global commitments to reduce carbon emissions propel the adoption of these pumps in the green energy sector.
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According to the report published by the International Energy Agency, in 2022, the renewable energy supply from solar, wind, hydro, geothermal, and ocean sources increased by nearly 8%.
Impact of Artificial Intelligence (AI) in Axial Piston Pumps Market
The use of artificial intelligence is likely to boost the axial piston pumps market. AI-driven predictive analytics enable manufacturers to enhance product design, optimize energy consumption, and tailor solutions to specific customer needs. Furthermore, the AI algorithms analyze vast amounts of data generated by sensors to detect anomalies and recommend proactive maintenance actions.
Axial Piston Pumps Market Dynamics
Major Drivers
Increasing demand for efficient and reliable hydraulic systems in the automotive industry is estimated to drive the market. The automotive sector requires advanced hydraulic systems for various applications, including power steering, braking, and transmission. Axial piston pumps are important in meeting automotive manufacturers' stringent efficiency and reliability standards. Moreover, the shift toward electric and hybrid vehicles further boosts the demand for these pumps in the automotive industry.
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According to the report published by the International Energy Agency, approximately 20% of cars sold in 2023 were electric.
Existing Restraints
Availability of alternative technologies is likely to hinder the market in the coming years. Competing hydraulic solutions, such as gear pumps and vane pumps, offer comparable performance at lower costs. These alternatives often require less maintenance and are easy to operate, making them attractive to potential users. Moreover, high initial costs of axial piston pumps further hamper the market.
Emerging Opportunities
Rising investments in infrastructure development are expected to create opportunities for the players in the market. Government and private sector initiatives aimed at modernizing infrastructure, particularly in emerging economies, necessitate reliable and robust hydraulic systems. Axial piston pumps are integral to construction equipment and machinery, and stand to benefit from these large-scale projects. Furthermore, increasing technological advancements in manufacturing processes facilitate the production of advanced axial piston pumps, which further boosts the market.
Scope of the Axial Piston Pumps Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.
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Attributes |
Details |
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Report Title |
Axial Piston Pumps Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2023 |
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Historic Data |
2017 -2022 |
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Forecast Period |
2024–2032 |
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Segmentation |
Type (Variable Axial Piston Pump and Fixed Axial Piston Pump), Pressure Range (350 Bar, 400 Bar, and Others), and End-use Industry (Chemical Processing, Primary Metals Industry, Oil & GAS INDUSTRY, Power Generation Industry, Mining, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
ANNOVI REVERBERI SPA; Bosch Rexroth AG; Eaton; Flowserve Corporation; Interpump Group S.p.A; Kawasaki Heavy Industries, Ltd; Nikkiso Co., Ltd; PSM; and TechnipFMC plc |
Regional Outlook
In terms of region, the global axial piston pumps market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific held a major market share in 2023, due to the increased demand for high-performance hydraulic equipment in this region.
The rapid industrialization and urbanization in countries, such as China, India, and Japan are booming construction industry requiring axial piston pumps. Additionally, the increasing demand for construction and agricultural machinery, which rely heavily on hydraulic systems for their operations further fuels the market in this region.
The market in North America is projected to grow at a significant pace in the years to come, owing to the advanced technological adoption and innovation in various industries. The US and Canada are investing heavily in the modernization of their manufacturing and construction sectors, incorporating modern hydraulic systems. Additionally, growing emphasis on renewable energy projects and smart factory initiatives is expected to boost the adoption of axial piston pumps in this region.
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According to the report published on October 12, 2023, investments in 2022 reached USD 49.5 billion, compared to USD 29.1 billion in 2013.
Axial Piston Pumps Market Segment Insights
Type Segment Analysis
Based on type, the axial piston pumps market is divided into variable axial piston pump and fixed axial piston pump. The fixed axial piston pump segment held a major share of the market in 2023, due to their wide applications in industrial machinery and hydraulic systems.
The reliability and efficiency of fixed axial piston pumps make them a preferred choice for various industries. Additionally, fixed axial piston pumps are relatively simpler in design than variable axial piston pumps making them cost-effective and easier to maintain. These factors fuel the segment in the coming years.
Pressure Range Segment Analysis
On the basis of pressure range, the global market is segregated into 350 bar, 400 bar, and others. The 350 bar segment held the largest market share in 2023, as the 350 bar is widely used in various industrial applications where high pressure is required. Industries, such as manufacturing, construction, and material handling commonly utilize hydraulic piston pumps systems with pressure ratings within the 350 Bar range. Additionally, axial piston pumps within this pressure range offer a balance between performance and cost-effectiveness, which boosts the market.
The 400 bar segment is anticipated to expand at a substantial CAGR during the forecast period, owing to the growing demand for advanced and high-pressure hydraulic systems in industries, such as aerospace, defense, and heavy machinery manufacturing. Additionally, advancements in materials and engineering technologies made it possible to manufacture axial piston pumps that withstand high pressures while maintaining efficiency and reliability. These all factors further boost the adoption of 400-bar range axial piston pumps.
End-use Industry Segment Analysis
Based on end-user, the axial piston pumps market is segmented into chemical processing, primary metals, oil & gas, power generation, mining, and others. The power generation segment is projected to register a robust growth during the assessment years, as this industry requires robust hydraulic systems to operate turbines, generators, and other power generation equipment.
Axial piston pumps provide hydraulic power for controlling valves, regulating flow, and managing pressure in power plant operations. Moreover, the increasing global demand for electricity and the transition towards cleaner energy sources further boost the demand for axial piston pumps in the power generation sector.
Segments
The Axial Piston Pumps market has been segmented on the basis of
Type
- Variable Axial Piston Pump
- Fixed Axial Piston Pump
Pressure Range
- 350 Bar
- 400 Bar
- Others
End-use Industry
- Chemical Processing
- Primary Metals
- Oil & Gas
- Power Generation
- Mining
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- ANNOVI REVERBERI SPA
- Bosch Rexroth AG
- Eaton
- Flowserve Corporation
- Interpump Group S.p.A
- Kawasaki Heavy Industries, Ltd
- Nikkiso Co., Ltd
- PSM
- TechnipFMC plc
Competitive Landscape
Key players competing in the global Axial Piston Pumps market are ANNOVI REVERBERI SPA; Bosch Rexroth AG; Eaton; Flowserve Corporation; Interpump Group S.p.A; Kawasaki Heavy Industries, Ltd; Nikkiso Co., Ltd; PSM; and TechnipFMC plc.
These companies use development strategies including mergers, acquisitions, partnerships, collaboration, and product launches to expand their consumer base worldwide. For instances,
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On September 26, 2023, Bosch Rexroth AG, a leading manufacturer of control and motion products and systems for industrial and mobile equipment, announced the launch of its eOC platform by introducing the novel A10VO axial series 60 medium-pressure piston pumps. Additionally, this technology from Bosch Rexroth comes standard with an integrated pre-compression volume.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Axial Piston Pumps Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Axial Piston Pumps Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Axial Piston Pumps Market - Supply Chain
4.5. Global Axial Piston Pumps Market Forecast
4.5.1. Axial Piston Pumps Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Axial Piston Pumps Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Axial Piston Pumps Market Absolute $ Opportunity
5. Global Axial Piston Pumps Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Axial Piston Pumps Market Size and Volume Forecast by Types
5.3.1. Variable Axial Piston Pump
5.3.2. Fixed Axial Piston Pump
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Axial Piston Pumps Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Axial Piston Pumps Market Size and Volume Forecast by End Users
6.3.1. Chemical Processing
6.3.2. Primary Metals
6.3.3. Oil & Gas
6.3.4. Power Generation
6.3.5. Mining
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Axial Piston Pumps Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Axial Piston Pumps Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Axial Piston Pumps Demand Share Forecast, 2019-2026
8. North America Axial Piston Pumps Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Axial Piston Pumps Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Axial Piston Pumps Market Size and Volume Forecast by Types
8.4.1. Variable Axial Piston Pump
8.4.2. Fixed Axial Piston Pump
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Axial Piston Pumps Market Size and Volume Forecast by End Users
8.7.1. Chemical Processing
8.7.2. Primary Metals
8.7.3. Oil & Gas
8.7.4. Power Generation
8.7.5. Mining
8.7.6. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Axial Piston Pumps Demand Share Forecast, 2019-2026
9. Latin America Axial Piston Pumps Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Axial Piston Pumps Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Axial Piston Pumps Market Size and Volume Forecast by Types
9.4.1. Variable Axial Piston Pump
9.4.2. Fixed Axial Piston Pump
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Axial Piston Pumps Market Size and Volume Forecast by End Users
9.7.1. Chemical Processing
9.7.2. Primary Metals
9.7.3. Oil & Gas
9.7.4. Power Generation
9.7.5. Mining
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Axial Piston Pumps Demand Share Forecast, 2019-2026
10. Europe Axial Piston Pumps Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Axial Piston Pumps Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Axial Piston Pumps Market Size and Volume Forecast by Types
10.4.1. Variable Axial Piston Pump
10.4.2. Fixed Axial Piston Pump
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Axial Piston Pumps Market Size and Volume Forecast by End Users
10.7.1. Chemical Processing
10.7.2. Primary Metals
10.7.3. Oil & Gas
10.7.4. Power Generation
10.7.5. Mining
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Axial Piston Pumps Demand Share Forecast, 2019-2026
11. Asia Pacific Axial Piston Pumps Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Axial Piston Pumps Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Axial Piston Pumps Market Size and Volume Forecast by Types
11.4.1. Variable Axial Piston Pump
11.4.2. Fixed Axial Piston Pump
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Axial Piston Pumps Market Size and Volume Forecast by End Users
11.7.1. Chemical Processing
11.7.2. Primary Metals
11.7.3. Oil & Gas
11.7.4. Power Generation
11.7.5. Mining
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Axial Piston Pumps Demand Share Forecast, 2019-2026
12. Middle East & Africa Axial Piston Pumps Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Axial Piston Pumps Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Axial Piston Pumps Market Size and Volume Forecast by Types
12.4.1. Variable Axial Piston Pump
12.4.2. Fixed Axial Piston Pump
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Axial Piston Pumps Market Size and Volume Forecast by End Users
12.7.1. Chemical Processing
12.7.2. Primary Metals
12.7.3. Oil & Gas
12.7.4. Power Generation
12.7.5. Mining
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Axial Piston Pumps Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Axial Piston Pumps Market: Market Share Analysis
13.2. Axial Piston Pumps Distributors and Customers
13.3. Axial Piston Pumps Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. ANNOVI REVERBERI SPA
13.4.2. Bosch Rexroth AG
13.4.3. Eaton
13.4.4. Flowserve Corporation
13.4.5. Interpump Group S.p.A
13.4.6. Kawasaki Heavy Industries, Ltd
13.4.7. Nikkiso Co., Ltd
13.4.8. PSM
13.4.9. TechnipFMC plc
Methodology
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