인도의 유압 펌프 시장 평가 : 유형별, 용도별, 동력원별, 지역별, 기회, 예측(2018년도-2032년도)

India hydraulic pump market is projected to witness a CAGR of 2.84% during the forecast period FY2025-FY2032, growing from USD 1.24 billion in FY2024 to USD 1.55 billion in FY2032. The market has experienced significant growth in recent years and is expected to expand in the coming years owing to rapid urbanization, increased requirements from residential and commercial buildings, a surged number of construction activities, and significant usage in the mining industry. India hydraulic pump market demand is projected to rise owing to rapid development and industrialization in emerging countries and an accelerating investment by the government in water and wastewater treatment facilities. In addition, increased infrastructure development and the growing demand for automation in different sectors are expected to propel market growth in the forecast period. The hydraulic pumps are integral to industries including mining, construction, manufacturing, agriculture, and automotive to convert mechanical energy into hydraulic energy for heavy machinery operations, fostering the market demand significantly. Furthermore, the construction sector is a key driver, propelled by government investments for infrastructure projects, including bridges, roads, and urban development under different schemes, including the National Infrastructure Pipeline. Also, the agriculture and mining sectors efficiently support market growth, as hydraulic pumps are important for irrigation systems and extraction processes.

Technological advancements and a focus on energy effectiveness are positively structuring the market. Moreover, companies in the market are increasingly investing in the development of efficient and durable pumps to address the rising demand for different industries. The trend toward automation and adopting energy-efficient and advanced hydraulic systems is also driving the market growth in the forecast period. However, rapid industrialization and government initiatives, including 'Make in India', encourage local production, which strengthens the domestic manufacturing capability and meets the demand for hydraulic pumps from the automotive industry shortly.

Automotive manufacturing companies in India are efficiently introducing vehicles equipped with hydraulic pumps to increase durability and strength and reduce fuel consumption. For instance, in March 2024, JCB Co., Ltd. announced an expansion of its popular X Series range of tracked excavators featuring the latest generation Kawaski tandem hydraulic pump, which operates with an increased 350 bar pressure rising to 380 bar throughout power boost cycles.

Industrial Growth and Infrastructure Development Drive the India Market Growth

Rapid industrialization and infrastructure development are significant drivers for the hydraulic pump market in India during the forecast period. India is witnessing growth in different sectors including manufacturing, construction, mining, and automotive, propelling the demand for heavy machinery and equipment, which further fosters India hydraulic pump market growth significantly. In addition, the projects by Indian government including the Smart Cities Mission, National Infrastructure Pipeline and Make in India are accelerating the requirement for construction and material handling equipment, further propelling the requirement for hydraulic pumps. The hydraulic pumps are essential for powering different machines in these sectors, including cranes, loaders, and cranes. Furthermore, a significant expansion in the agriculture sector, where hydraulic systems are used in irrigation systems, farm machinery, and equipment, further expands the market growth in the forecast period. Also, the development of urban infrastructure, including bridges, public transport systems, and roads, requires the use of energy-efficient and advanced hydraulic technologies to enhance effectiveness and productivity. Companies in the automotive market are launching and investing in new heavy-duty vehicles to address the rising demand from the construction sector and ongoing industrialization and infrastructural development.

For instance, in January 2024, CNH Industrial N.V. planned to invest USD 50 million in the farm machinery segment in India 2024 and announced launching a 105HP tractor in May featuring different hydraulics to double its market share in the coming years.

Expansion in the Agricultural Sector Drives the India Market for Hydraulic Pump

In India, agriculture is one of the largest consumers of hydraulic pumps, and its growth is significantly propelling the India hydraulic pump market. Rapid mechanization surged the demand for durable and efficient farm equipment hydraulic systems, including harvesters, combines, and tractors. India's agricultural sector embraces modern technologies to enhance effectiveness and productivity, and the requirement for hydraulic pumps in irrigation systems and precision farming equipment is also growing. The growing aim of the Indian government is to improve farm productivity through initiatives, including Pradhan Mantri Krishi Sinchayee Yojana focusing on irrigation, which is further fostering the Indian hydraulic system market demand. In addition, introducing drip irrigation and other water-saving technologies that greatly depend on hydraulic pumps is supporting the market growth in the forecast period. Furthermore, companies in the market are launching agricultural vehicles and machinery equipped with hydraulic pumps to make significant strides in both the agriculture and automotive industries.

For instance, in October 2024, AutoNxt Automation Private Limited announced the launch of India's first electric tractor, revolutionizing agriculture and industry. It is operated with hydraulics and automated steering and can perform a wide range of farming and haulage activities with zero carbon emissions.

Gear Pump Dominates India Hydraulic Pump Market Share

Gear pump dominates the India hydraulic pump market as they are used in various industries and applications, cost-effectiveness, and reliability. Also, due to its robustness, it is widely used in the automotive, agriculture, construction, and material handling industries. Gear pumps function efficiently by using two interlocking gears to introduce fluid flow, making them perfect for low- to medium-pressure applications. In India, industrialization is rising, and infrastructure development has efficiently fostered the requirement for hydraulic systems, with gear pumps being a prevalent choice for mobile and stationary machinery. Their consistent performance, even in harsh operating conditions, makes them a favorable option for original equipment manufacturers and end-users. Furthermore, gear pumps generally have only two gears, which makes them easy to maintain and use, propelling India gear pump market demand in the forecast period. Also, gear pumps are better known for their precision in fluid transfer and effectiveness to ensure a smooth and consistent flow of fluids to minimize waste and improve productivity, driving the market growth for gear pumps in India. Companies in the market are launching off-road vehicles featuring gear pumps to address the rising awareness concerning fuel effectiveness and performance.

For instance, in December 2024, BEML Limited announced the launch of India's largest and most advanced BD475-2 Dozer, equipped with a gear pump. This hydraulic pump type delivers exceptional performance.

Northern India is Expected to Register the Largest Market Share

Northern India is projected to dominate the largest market share owing to the presence of giant market players, supportive government policies, a significant investment in technological innovations, and rapid industrialization and infrastructure development. The government in Northern India invests significantly in building and upgrading infrastructure, including bridges, roads, and urban structures, and the requirement for hydraulic pumps surges considerably. In addition, the adoption of automated machinery and systems in different sectors fostered the need for hydraulic pumps in Northern India. The demand for Northern India hydraulic pump market is projected to rise owing to growing emphasis on sustainability and compliance with stringent environmental rules and regulations, which will propel the adoption of high-performance hydraulic solutions. Furthermore, technological advancements, including integrating hydraulic systems with digital controls and intelligent technologies, have revolutionized the market growth of Northern India hydraulic pumps. Companies in the automotive market are efficiently introducing tractors and other vehicles in Northern India to address the growing demand, further driving the demand for hydraulic pumps in India.

For instance, in October 2024, Mahindra and Mahindra Limited announced the launch of Arjun 605 DI 4WD, a new higher hp Tractor in North India equipped with hydraulic pump to address the growing requirement for high horse powered tractors throughout the crucial farming season.

Future Market Scenario (FY2024-FY2031F)

Ongoing infrastructure projects like smart cities, highways, and railways are driving demand for hydraulic equipment in construction machinery.

Increased mechanization in agriculture boosts the need for hydraulic systems in farming equipment, enhancing productivity and efficiency.

The rise in industrial automation across various sectors is leading to higher adoption of hydraulic systems for precise control and power transmission.

Government initiatives such as the Smart Cities Mission and Bharatmala project are accelerating infrastructure development, further driving hydraulic equipment demand.

Key Players Landscape and Outlook

Companies in the India hydraulic pump market are expanding their market share and product portfolios through strategic investments in technology and partnerships. Key players are focusing on developing advanced hydraulic systems that cater to the diverse needs of sectors such as construction, agriculture, and material handling. By integrating cutting-edge technologies, these companies are showcasing and enhancing the performance and efficiency of their hydraulic pumps. Collaborations with local and international partners enable them to innovate and introduce new features, ensuring they stay ahead of market trends. Additionally, active participation in government initiatives and campaigns promoting infrastructure development helps solidify their position in the market. These efforts collectively contribute to their market growth and competitiveness.

In June 2022, Bailey International LLC announced the acquisition of Hydrolico International Inc. to expand Bailey's product portfolio and additional hydraulic and pneumatic manufacturing expertise.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Type of Pumps
  • 4.3.2. Flow Rate
  • 4.3.3. Pressure Rating
  • 4.3.4. Efficiency
  • 4.3.5. Compatibility with Fluids
  • 4.3.6. Size and Weight
  • 4.3.7. Mounting Options
• 4.4. Consideration of Privacy and Regulations

5. India Hydraulic Pump Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Type
    • 5.2.1.1. Gear Pump
    • 5.2.1.2. Piston Pump
    • 5.2.1.3. Vane Pump
    • 5.2.1.4. Water Pump
    • 5.2.1.5. Others
  • 5.2.2. By Application
    • 5.2.2.1. Construction
    • 5.2.2.2. Automotive
    • 5.2.2.3. Agriculture
    • 5.2.2.4. Others
  • 5.2.3. By Power Source
    • 5.2.3.1. Gas
    • 5.2.3.2. Electric
  • 5.2.4. By Region
    • 5.2.4.1. North
    • 5.2.4.2. South
    • 5.2.4.3. East
    • 5.2.4.4. West and Central
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Type
  • 5.3.2. By Application
  • 5.3.3. By Power Source
  • 5.3.4. By Region

6. Demand Supply Analysis

7. Import and Export Analysis

8. Value Chain Analysis

9. Porter's Five Forces Analysis

10. PESTLE Analysis

11. Pricing Analysis

12. Market Dynamics

• 12.1. Market Drivers
• 12.2. Market Challenges

13. Market Trends and Developments

14. Case Studies

15. Competitive Landscape

• 15.1. Competition Matrix of Top 5 Market Leaders
• 15.2. SWOT Analysis for Top 5 Players
• 15.3. Key Players Landscape for Top 10 Market Players
  • 15.3.1. Dynamatic Technologies Limited
    • 15.3.1.1. Company Details
    • 15.3.1.2. Key Management Personnel
    • 15.3.1.3. Products and Services
    • 15.3.1.4. Financials (As Reported)
    • 15.3.1.5. Key Market Focus and Geographical Presence
    • 15.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 15.3.2. Eaton Corporation plc
  • 15.3.3. Bailey International LLC
  • 15.3.4. LHY Powertrain GmbH & Co.KG
  • 15.3.5. The Oilgear Company
  • 15.3.6. Bosch Rexroth AG
  • 15.3.7. Danfoss A/S
  • 15.3.8. Enerpac Tool Group Corp
  • 15.3.9. Parker-Hannifin Corporation

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

16. Strategic Recommendations

17. About Us and Disclaimer