Global Axial Piston Hydraulic Motors Market by Product Types (Swash Plate and Bent Axis), Applications (Energy & Utility, Manufacturing, Oil & Gas, Agriculture Machines, Mining, Food & Beverages, Construction Machinery, Water Management, and O

The axial piston hydraulic motors market was valued at approximately USD 500.5 million in 2019 and is expected to reach around USD 681.2 million by 2026, expanding at a CAGR of around 4% during the forecast period, between 2020 and 2026. The growth of the market is attributed to surging construction activities and rising sales of automobiles. Additionally, increase in awareness regarding energy savings is boosting the growth of the market. However, slowdown in economy across the globe is hindering the growth of the market. Axial piston hydraulic motors are machines which are used to transform pressure and fluid energy to torque and angular displacement. It is a positive displacement motor used to convert mechanical power into hydraulic energy. These motors work on one of the two principles of swash plate or bent axis design for medium and high pressure applications. Axial piston hydraulic motors have two types of displacement. Fixed displacement type is used as hydraulic motor and variable displacement type most commonly works as hydraulic pump. It is possible for hydraulic motors to be used as both open loop and closed loop circuits. The motor provides many benefits such as excellent volumetric efficiency, steady speed, adaptable to various loading conditions, and many other advantages. Axial piston hydraulic motor is nothing but a positive displacement pump which has many pistons arranged in a circular pattern inside barrel, rotor, or cylindrical block.

Market Trends, Drivers, Restraints, and Opportunities:

• Growing mining sector across the globe is one of the main factors driving the growth of the market.
• Rising sales of automobiles and growth of automobile industry is boosting the growth of the market.
• Increasing construction activities especially in developing regions is one of the primary factors fueling the growth of the market.
• The technological advancements regarding motors and its design up-gradation are also propelling the growth of the market.
• Evolving oil & gas sector across the globe is one of the key reasons driving the growth of the axial piston hydraulic motors market.
• Boosting government initiatives and rules and regulations to reduce Carbon dioxide (CO2) and Nitrogen oxide (NOX) releases is propelling the growth of the market.
• Increasing awareness regarding energy savings by axial piston hydraulic motor is fueling the growth of the market.
• Surging maintenance cost of the motors is one of the primary factors restraining the growth of the market.
• The economic slowdown across the globe is also hampering the growth of the market.
• Rising demand of continuous monitoring to identify and rectify the errors in the motors is also a challenging factor for the growth of the market.

Scope of the Report

The report on the global axial piston hydraulic motors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report. AttributesDetailsBase Year2019Historic Data2015–2018Forecast Period2020–2026Regional ScopeAsia Pacific, Europe, North America, Middle East & Africa, and Latin AmericaReport CoverageCompany Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Global Axial Piston Hydraulic Motors Market Segment Insights:

Based on product types, the global axial piston hydraulic motors market is segregated into swash plate and bent axis. Bent axis type leads the growth of the market in the segment with largest market share of around 64% in 2019. Bent axis axial piston hydraulic motors can be bent to an angle up to 40° which means that stroke ratio or maximum to minimum displacement range of bent axis motor is approximately twice to that of swash plate motor. Thus, it gives wider speed range and operating torque. On the basis of applications, the market is divided into energy & utility, manufacturing, oil & gas, agriculture machines, mining, food & beverages, construction machinery, water management, and others. Manufacturing sector dominates the market growth in the segment with largest market and highest CAGR over the forecast period. The growth of the market is attributed to rising demand of eco-friendly products, use of technologically advanced designs for motor, increasing adoption of process automation, and up-gradation of machineries and equipment in the manufacturing industry. In terms of regions, the global axial piston hydraulic motors market is categorized as Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. North America leads the growth of the market in the segment with maximum share. The presence of large players in the region is the key factor driving the growth of the market in North America. Additionally, U.S. and Canada are the largest consumption regions in North America.

Competitive Landscape:

Major companies in the global axial piston hydraulic motors market include, Kawasaki Precision Machinery Co. Ltd., Danfoss Group, Parker Hannifin Corporation, Eaton Corporation Inc., Poclain Hydraulics Inc., Bosch Rexroth AG, Bondioli & Paves SpA, HAWE Hydraulik SE, Hydrosila, Casappa SpA, Sunfab, HANSA-TMP, Damen Technical Agencies, and HYDAC. The key players of the market are adopting different strategies to gain an edge over the other competitors. The companies are using strategic acquisitions such as expansions, capital investments, R&D activities, technological advancements, product launches, product portfolio, collaborations, mergers & acquisitions, and strategic partnerships. Kawasaki Precision Machinery Co. Ltd. participated in many events such as Bauma, Hannover Messe, and SMM Hamburg in 2019. The company also became first manufacturer of Plymouth Manufacturing Group to sign up for improving lives.

The global axial piston hydraulic motors market has been segmented on the basis of

Product Types

• Swash Plate
• Bent Axis

Applications

• Energy & Utility
• Manufacturing
• Oil & Gas
• Agriculture Machines
• Mining
• Food & Beverages
• Construction Machinery
• Water Management
• Others

Regions

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• Latin America