Hydraulic Equipment Market Size, Share, Growth, Trends, and Global Industry Analysis: By Component (Cylinders, Pumps, Motors, Valves, Filters, Accumulators, Transmissions, Others) By Application (Mobile Hydraulics, Industrial Hydraulics) By End-Use (Construction, Agriculture, Aerospace Metals & Machinery Manufacturing, Automotive, Mining, Marine, Oil & Gas Material Handling) and Region Forecast 2020-2031

Hydraulic Equipment Market size was valued at US$ 4,500 million in 2024 and is expected to reach US$ 6,200 million by 2031, growing at a significant CAGR of 4.8% from 2025-2031. Moreover, the U.S. Hydraulic Equipment Market is projected to grow significantly, reaching an estimated value of US$ 1,850 million by 2031, driven by rising demand in construction, mining, agricultural machinery, and industrial automation, as well as continued infrastructure development projects across the country.

The hydraulic equipment industry is the foundation on which heavy industry functions, be it construction and mining, agriculture or manufacture. The industry is in the process of transforming strategically, not merely limited to brute mechanical power, but to digitization by virtue of precision. Hydraulic systems, upon which small power inputs are amplified to large motion, are now being integrated with sensors, IoT connectivity, and AI-control. This convergence allows predictive maintenance, remote diagnosis, and seamless integration with automation platforms. As development spreads across infrastructure and industrialization speeds up, demand is no longer for raw power, but for intelligent, frugal, and environmentally friendly hydraulic solutions, responsive to operation intensity, and to environmental duty.

Facts & Figures

• Hydraulic equipment is still at the heart of world heavy industry, driving mission-critical operations across construction, mining, agriculture, and manufacturing, areas where mechanical energy and precise motion are forced to coexist.
• Smart hydraulic technologies are in the lead, featuring onboard sensors and management modules that support real-time pressure management, adaptive flow management, and predictive maintenance on mission-critical applications.
• Electro-hydraulic hybrids are transforming the design parameters with energy efficiency and reduced architecture without losing on force density that calls for hydraulics as a necessity.
• Volume growth is being fueled by developing economies, industrialization and infrastructure development, and advanced economies are seeing efficiency-based retrofitting and eco-friendly hydraulic fluids going in as a response to regulatory needs.    

Key Developments:

• In May 2025, Helios Technologies introduced MultiSlide, a high-speed-coupling, high-efficiency hydraulic system engineered by Faster S.r.l. for installation on 3,000–7,000 lb mini excavators. The system provides better operator protection, productivity, and ease of use in earthmoving and construction applications, a breakthrough in motion control technology.
• In December 2024, L&T Construction & Mining Machinery and Komatsu launched PC35MR-3 Mini Hydraulic Excavator at BAUMA CONEXPO INDIA 2024 to meet India's growing agriculture development and urban infrastructure markets with the most efficient hydraulic solutions.
• In April 2024, Volvo Construction Equipment India launched the EC210 hydraulic excavator, which is India-specific for the 20-tonne category. Under the 'Built for Bharat' tagline, the machine promises enhanced fuel efficiency, reliable performance, and reduced maintenance for Indian site conditions.

Hydraulic Equipment Market Segmentation:

Based on the components:

• Cylinders
• Pumps
• Motors
• Valves
• Filters
• Accumulators
• Transmissions
• Others

Hydraulic cylinders are the cornerstone of fluid power systems, translating hydraulic power into linear mechanical force. Their balance of unparalleled power density and minimum size makes them the go-to technology in applications from excavators to industrial presses. What defines cylinders in our time is their growing integration with position sensors and load-sensing valves, supplying precise control, remote diagnosis, and smoother motion cycles. With more reliability and automatability demanded by companies, smart cylinders are replacing conventional arrangements in mobile as well as stationary systems. Their ability to absorb stroke lengths, bore sizes, and mounting directions also renders them the most adaptable piece in hydraulic sets, making cylinders the prime force in both modernization and equipment design programs.

Based on the application:

• Mobile hydraulics
• Industrial Hydraulics

Mobile hydraulics control the application market because of their central position in construction, mining, and agricultural equipment. They offer high force output in compact packages, perfectly matched to machines that must be able to endure dynamic ground and load conditions. The most distinctive feature of mobile hydraulics today is the trend towards integration of electro-hydraulic, making vehicles such as excavators, tractors, and loaders more efficient in energy use while offering more operator control. Analog valves, discrete actuators, and hardwired logic units are also being substituted by manufacturers with digital valves, compact actuators, and programmable logic units in mobile platforms, which provide smart diagnostics and load-adaptive balancing. As far as electrification of heavy-duty vehicle fleets is in infancy stage, mobile hydraulic systems are the best appropriate power transmission option for high-torque, real-time field applications.

Based on the end user:

• Construction
• Agriculture
• Aerospace
• Metals & Machinery Manufacturing
• Automotive
• Mining
• Marine
• Oil & Gas
• Material Handling

Hydraulic equipment utilization is driven by the construction sector, as practically all of the heavy equipment on a modern construction site, backhoes to tower cranes, reliably depends on hydraulics to transport and place loads. That demand is being supplemented by global infrastructure development and urbanization projects, especially within the developing nations. Modern construction hydraulics focus on modularity and efficiency, and original-equipment manufacturers are designing smarter, cleaner systems with load-sensing circuits and low-viscosity fluids. Also increasing are telematics-based controls hydraulics, with predictive maintenance and safety monitoring enhanced. As the market continues to move toward digital job site environments, hydraulics remain essential, not just for raw lifting capacity, but precision, responsiveness, and reliability needed to deliver both productivity and sustainability requirements.