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Gear Hydraulic Pump Market Trends and Forecast

The future of the global gear hydraulic pump market looks promising with opportunities in the mining, metallurgical, electric power, and sewage treatment markets. The global gear hydraulic pump market is expected to grow with a CAGR of 3.7% from 2025 to 2031. The major drivers for this market are the increasing demand for machinery efficiency, the growing adoption in construction equipment, and the rising need for hydraulic power systems.

• Lucintel forecasts that, within the type category, external gear pump is expected to witness the highest growth over the forecast period.
• Within the application category, mining is expected to witness the highest growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.
Gain valuable insights for your business decisions with our comprehensive 150+ page report. Sample figures with some insights are shown below.

Gear Hydraulic Pump Market Trends and Forecast

Gear Hydraulic Pump Market by Segment

Emerging Trends in the Gear Hydraulic Pump Market

The gear hydraulic pump industry is being reshaped by a dynamic evolution that responds to the ongoing quest for efficiency, intelligence, and sustainability in fluid power technology. These emerging trends are a clear indicator of a strong move towards more advanced, eco-friendly, and integrated pump solutions that are essential for addressing the needs of contemporary industrial and mobile applications.
• Improved Energy Efficiency: There is a robust and intensifying trend towards the development of gear hydraulic pumps with greater energy efficiency. This includes the design optimization of pumps, enhanced manufacturing tolerance, and the use of high-tech materials to optimize internal losses and volumetric and overall efficiency. The objective is to reduce power consumption, decrease end-users’ operating costs, and comply with worldwide sustainability standards and improved energy performance regulations.
• Smart Technologies and IoT Integration: One of the impending trends is the incorporation of smart technologies, sensors, and Internet of Things (IoT) connectivity into gear hydraulic pumps. These smart pumps make it possible to monitor in real-time vital parameters such as pressure, temperature, flow rate, and vibration. This facilitates predictive maintenance, remote diagnostics, and optimized operational control, which results in less downtime, enhanced reliability, and more efficient fluid power systems in an Industry 4.0 environment.
• Noise Reduction Technologies: As companies place a greater emphasis on quieter working conditions and noise pollution regulations, there has been an expanding trend in the creation of gear hydraulic pumps with better noise suppression technologies. This includes advancements in tooth profiles for gears, designs of housings, and incorporation of dampening materials to reduce cavitation and mechanical noise, hence being ideal for use in urban environments or sensitive industrial environments.
• Creating Application-Specific and Tailor-Made Solutions: The industry is seeing a rising trend towards creating closely tailored and application-specific gear hydraulic pump solutions. Rather than using generic ones, companies are designing pumps specifically to address the specific performance, size, and environmental needs of specific applications, e.g., specialized construction equipment, agricultural machines, or industrial processes. This provides the best performance and compatibility with complicated hydraulic systems.
• Utilization of Advanced Materials for Performance and Durability: There is increased application of advanced materials in gear hydraulic pump manufacturing. This involves the use of high-strength alloys, ceramics, and specific gear and pump housing coatings. Such materials increase the durability, wear, and corrosion resistance of the pumps, increasing the life, enhancing performance during harsh conditions, and lessening maintenance needs in heavy-duty applications.
These new trends are at their core transforming the Gear Hydraulic Pump Market by demanding increased performance, increased efficiency, and smart capabilities. Increased energy efficiency drives aligns with worldwide sustainability ambitions, and the addition of smart technologies provides predictive maintenance and optimized operation. Noise reduction innovations enhance workplace environments, and the emphasis on tailored solutions meets specialized industry demands. In addition, the application of advanced materials enhances durability and increases pump life. Together, these developments are creating a vibrant and innovative market, providing advanced gear hydraulic pump solutions in a wide variety of applications.
Emerging Trends in the Gear Hydraulic Pump Market

Recent Development in the Gear Hydraulic Pump Market

The gear hydraulic pump market has undergone tremendous recent advancements, spurred by the ever-growing need for effective, reliable, and smart fluid power solutions for a wide range of industries. Manufacturers have made significant efforts in advancing pump performance, minimizing environmental footprint, and incorporating digital functionality, essentially redefining the manner in which these key components function in contemporary hydraulic systems.
• Usage of IoT and Smart Sensors for Condition Monitoring: One of the most important recent advances is the ubiquitous adoption of IoT functionality and smart sensors in gear hydraulic pumps. These onboard sensors permit real-time measurement of essential parameters such as pressure, temperature, flow, and vibration. This technology facilitates predictive maintenance, early fault detection, and remote diagnosis, greatly minimizing unplanned downtime and maximizing the operating efficiency and reliability of hydraulic systems in industrial and mobile uses.
• Emphasis on Energy-Efficient Designs and Materials: Recent advances emphasize a keen interest in creating and producing more energy-efficient gear hydraulic pumps. This involves enhancing gear tooth profile optimization, improving internal clearances, and employing advanced materials to reduce friction and volumetric losses. The aim is to minimize power consumption, decrease end-users’ operating costs, and help support sustainability efforts by achieving progressively tighter energy efficiency standards in global markets.
• Advances in Noise Reduction Technologies: There has been an important recent trend for applying new noise reduction technologies to gear hydraulic pumps. These include advances in pump housing design, vibration-dampening materials, and optimized gear geometry to reduce pulsation and mechanical noise. Quicker pumps are becoming more desirable in applications where there is noise pollution concern, e.g., construction equipment in metropolitan areas or sensitive industrial processes.
• Miniaturized and High-Pressure Gear Pumps Development: The most recent advancements have been the development of compact and high-pressure gear pumps. This miniaturization together with higher pressure ratings is essential for machinery in today’s era where space is very tight but power density is to be as high as possible. Advances in material strength and precision manufacturing enable these smaller pumps to provide high-performance robustness, allowing for more efficient and streamlined designs in mobile equipment and industrial machinery.
• Growth in Specialized Applications and Tailoring: The industry witnessed recent trends focusing on the growth of gear hydraulic pumps into specialized applications and increased movement towards tailoring. Industry players are creating bespoke gear pump solutions for specialty markets such as renewable energy systems (wind turbine pitch control), electric vehicle auxiliary systems, and specialized food processing equipment. Tailoring provides the best performance and fit in all circumstances for unusual operational conditions.
These advancements are having a profound influence on the Gear Hydraulic Pump Market by driving pump performance, efficiency, and intelligence. Predictive maintenance and optimized operations through IoT and smart sensors improve real-time monitoring and maintenance. Energy-efficient designs correlate with international trends towards sustainability, and noise-reduction developments enhance working conditions. High-pressure pump development accommodates sleek designs for contemporary machinery and specialized customization moves towards disparate industry requirements. Together, these technologies are fueling innovation, increasing market uses, and providing the sustained relevance and expansion of the gear hydraulic pump market.

Strategic Growth Opportunities in the Gear Hydraulic Pump Market

Gear hydraulic pump market provides high strategic growth opportunities across different major applications, fueled by the increasing demand for dependable, efficient, and cost-saving fluid power solutions. Detection and leveraging these unique application areas can help manufacturers create customized pump solutions, enhance their market presence, and gain a competitive edge in this crucial industry.
• Heavy Machinery and Construction Equipment: This is a key strategic growth area. Strategic growth refers to offering rugged and reliable gear hydraulic pumps for diverse construction equipment such as concrete pumps, bulldozers, excavators, and loaders. The opportunities are in designing pumps that will survive in adverse operating conditions, provide high power density, and enhance the general efficiency and reliability of heavy machinery employed in infrastructure projects worldwide.
• Farm Equipments: The farm industry presents a major strategic growth potential, fueled by growing mechanization and the need for effective farm equipment. Strategic growth entails the creation of gear hydraulic pumps for tractors, harvesters, sprayers, and irrigation systems. Potential exists in the supply of pumps that are dependable, long-lasting, and supportive of innovative precision agriculture methods, leading to improved productivity and minimized labor in farming activities globally.
• Material Handling Equipment: This application segment offers a firm strategic growth opportunity, including forklifts, cranes, stackers, and other lifting devices. Strategic growth includes offering compact and efficient gear hydraulic pumps for the same, facilitating accurate lifting, lowering, and tilting functions. Opportunity is in creating pumps that provide smooth operation, energy efficiency, and enhance the safety and productivity of material handling operations in warehouses, logistics bases, and manufacturing plants.
• Automotive (Commercial Vehicles and Off-Highway): The automotive business, especially commercial vehicles and off-road use, represents a strategic growth opportunity. Strategic growth means supplying gear hydraulic pumps for power steering, braking, transmission controls, and auxiliary applications in trucks, buses, and specialty vehicles. Opportunities lie in creating pumps that are small, light, and able to function reliably under harsh automotive conditions for the enhancement of vehicle performance and fuel efficiency.
• Industrial Machinery and Manufacturing: This wide industry sector provides broad strategic development possibilities. Strategic development includes supplying gear hydraulic pumps for a broad range of industrial equipment, such as machine tools, presses, injection molding machines, and factory automation systems. Possibilities exist in creating pumps that offer accurate flow and pressure regulation, provide high efficiency, and cater to the continuous operation and automation needs of new-generation manufacturing processes, including those in smart factories and Industry 4.0 environments.
These strategic growth avenues are significantly influencing the Gear Hydraulic Pump Market by propelling the growth of high-performance, specialized, and dependable solutions in key industrial and mobile applications. The emphasis on agricultural and construction equipment necessitates rugged pumps for heavy-duty use. Material handling calls for compact and accurate solutions. Automotive needs reliable pumps for vehicle performance, while industrial machinery demands high-efficiency pumps for automation. Together, these opportunities are creating a more segmented, innovative, and influential gear hydraulic pump market, guaranteeing its future growth and continued significance in the international economy.

Gear Hydraulic Pump Market Driver and Challenges

The market for gear hydraulic pumps is heavily influenced by a dynamic interaction of numerous technological, economic, and regulatory forces. Recognizing the key drivers, which accelerate market growth, and the internal challenges, which require strategic innovation and adjustment, are necessary to allow stakeholders to create sound business models and guarantee long-term growth in this essential segment of the fluid power market.
The factors responsible for driving the gear hydraulic pump market include:
1. Construction and Infrastructure Development Growth: One of the main drivers is the worldwide surge in construction and infrastructure development projects, especially in developing economies. They call for widespread application of heavy machinery like excavators, loaders, and cranes, which all depend significantly on hydraulic systems driven by gear pumps. Ongoing investment in urban planning, road networks, and energy infrastructure is driving directly the demand for gear hydraulic pumps.
2. Growing Mechanization in Agriculture: The increasing trend of mechanization in the agricultural industry, intended for enhancing productivity and efficiency, is an important stimulator. Advanced farm machinery such as tractors, harvesters, and irrigation equipment progressively contain hydraulic components to perform diverse functions. This extensive use of advanced farming equipment generates a consistent and rising demand for efficient and durable gear hydraulic pumps.
3. Energy-Efficient Hydraulic Systems Demand: Increased worldwide focus on energy saving and environmental sustainability is the primary driver. Businesses are looking for hydraulic systems that use less energy, creating a surge in demand for efficient gear hydraulic pumps. Companies are designing and developing to minimize internal friction and improve designs, and energy-efficient gear pumps are becoming the top choice to reduce costs of operation and comply with regulations.
4. Growth of Industrial Automation and Robotics: The increasing uptake of industrial automation and robotics in manufacturing and processing sectors is one major factor. Gear hydraulic pumps play a central role in driving robotic arms, automated assembly lines, and other industrial equipment requiring accurate and reliable fluid power. Constant pressure for Industry 4.0 and intelligent factories also contributes to the drive for high-performance gear pumps.
5. Automotive and Off-Highway Vehicle Production Growth: The increasing production of off-highway vehicles (including mining trucks and forestry equipment), passenger cars, and commercial vehicles propels the gear hydraulic pump demand. Gear hydraulic pumps play a crucial role in vital applications such as power steering, braking systems, and other auxiliary hydraulics within these vehicles. The ever-increasing development in the automotive industry, such as electric and hybrid vehicles with auxiliary hydraulic requirements, maintains market growth.
Challenges in the gear hydraulic pump market are:
1. Competition from Advanced Pump Technologies: One of the biggest challenges facing the gear hydraulic pump market is stiff competition from newer and more sophisticated hydraulic pump technologies, such as piston pumps and vane pumps. Although gear pumps are economical and durable, piston pumps are more capable at higher pressure levels and more efficient in heavy-duty applications, and vane pumps offer quieter operation. Such competition may cap the market share and area of application of gear pumps in some high-performance markets.
2. Sensitivity to Contamination and Fluid Quality: Gear hydraulic pumps, particularly external gear pumps, are quite sensitive to contamination of the fluid. Hydraulic fluid with abrasive particles can wear out the gears and housing, resulting in lowered efficiency and early failure. Stringent fluid cleanliness levels and high-quality hydraulic fluids are important, but they contribute to increased complexity of operation and maintenance at a cost, making it challenging to achieve widespread application in uncontrolled surroundings.
3. Noise and Vibration Issues: Even with development, gear hydraulic pumps are still capable of producing more noise and vibration than some other pump designs, especially at elevated pressures and speed. This can be a major problem in applications where noise is strictly controlled or where silent operation is crucial (e.g., in certain industrial processes or medical devices). Suppliers have to keep making investments in noise reduction technology just to stay competitive in such sensitive applications.
Overall, the gear hydraulic pump market is strongly propelled by strong growth in construction and infrastructure construction, rising mechanization in farming, and the widespread need for energy-efficient hydraulic systems. The growth of industrial automation and robotics, combined with the growing production of automotive and off-highway machines, also drives market demand. Nonetheless, the market is driven by significant challenges such as stiff competition from more sophisticated pump technologies such as piston and vane pumps, inherent susceptibility to fluid contamination demanding strict fluid quality control, and ongoing concerns over levels of noise and vibration in some applications. Addressing these challenges successfully through ongoing innovation, improved material science, and strategic application-specific solutions will be the key to the long-term growth and development of the gear hydraulic pump market.

List of Gear Hydraulic Pump Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies gear hydraulic pump companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the gear hydraulic pump companies profiled in this report include-
• Danfoss
• Eaton
• John Deere
• Caterpillar
• Volvo
• Hawe Hydraulik
• Parker Hannifin
• Rexroth
• Cummins
• Atlas Copco

Gear Hydraulic Pump Market by Segment

The study includes a forecast for the global gear hydraulic pump market by type, application, and region.

Gear Hydraulic Pump Market by Type [Value from 2019 to 2031]:


• External Gear Pump
• Internal Gear Pump
• Gear Ring Pump
• Screw Spindle Pump

Gear Hydraulic Pump Market by Application [Value from 2019 to 2031]:


• Mining
• Metallurgical
• Electric Power
• Sewage Treatment
• Others

Gear Hydraulic Pump Market by Region [Value from 2019 to 2031]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Gear Hydraulic Pump Market

The gear hydraulic pump is an important part of the larger fluid power sector, essential for the conversion of mechanical energy to hydraulic energy to drive an immense variety of machines. With their strong design, simplicity, and reliability, gear pumps are extensively applied in industrial, mobile, and automotive sectors. Recent trends in this market are primarily fueled by the growth in the need for energy efficiency, lowered noise levels, improved durability, and the incorporation of smart technologies. As businesses globally pursue higher productivity and sustainability, breakthroughs in gear hydraulic pumps play a crucial role in addressing these shifting performance demands.
• United States: In the United States, recent trends in the gear hydraulic pump industry are marked by a strong focus on embedding smart technologies and IoT connectivity. Pump makers are creating pumps with onboard sensors to monitor in real-time pressure, flow rate, and temperature, allowing predictive maintenance and minimizing downtime in industries such as construction and industrial equipment. There is also pressure to make the design more energy efficient to comply with tight environmental laws and lower end-user operating expenses.
• China: China’s market for gear hydraulic pumps is experiencing strong growth driven by its huge manufacturing base and widespread infrastructure growth. Recent trends have been rising domestic production and advances in technology to enhance efficiency, durability, and affordability of pumps. Chinese players are investing heavily in automation and precision machining methods to upgrade product quality and respond to the growing needs of the automobile, construction equipment, and material handling industries.
• Germany: Germany’s hydraulic pump market for gear is leading the way in innovation, thanks to its superior engineering capacity and drive to implement Industry 4.0 projects. The latest advancements involve a wide emphasis on superior-performance pumps with enhanced noise abatement technology, essential for sensitive industrial settings. German manufacturers are driving the innovation of very efficient and robust gear pumps, usually integrating the latest material technologies and electronic control systems to maximize performance and integrate easily with advanced hydraulic systems in industrial machinery and robotics.
• India: India’s gear hydraulic pump industry is witnessing tremendous growth, driven by fast-paced industrialization, urbanization, and infrastructure promotion policies of the government. Recent trends indicate an upsurge in demand for heavy-duty and dependable gear pumps for farm equipment, construction vehicles, and automotive uses. Indian manufacturers are inclined toward indigenous manufacturing and technological advancements in order to meet the huge domestic market, with a growing focus on energy-efficient and affordable solutions to aid the nation’s different economic segments.
• Japan: Japan’s hydraulic pump market for gear is dominated by the highest level of precision, reliability, and innovation. New trends have seen ultra-compact and high-pressure gear pumps being emphasized for very specialized applications in robotics, aerospace, and high-tech industrial machinery. The Japanese firms are spending heavily on research and development efforts to achieve better pump efficiency, lower weight, and enhanced system integration overall, frequently combining highly advanced materials and production techniques to deliver outstanding performance and durability.
Lucintel Analytics Dashboard

Features of the Global Gear Hydraulic Pump Market

Market Size Estimates: Gear hydraulic pump market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Gear hydraulic pump market size by type, application, and region in terms of value ($B).
Regional Analysis: Gear hydraulic pump market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the gear hydraulic pump market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the gear hydraulic pump market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Lucintel Consulting Services

FAQ

Q1. What is the growth forecast for gear hydraulic pump market?
Answer: The global gear hydraulic pump market is expected to grow with a CAGR of 3.7% from 2025 to 2031.
Q2. What are the major drivers influencing the growth of the gear hydraulic pump market?
Answer: The major drivers for this market are the increasing demand for machinery efficiency, the growing adoption in construction equipment, and the rising need for hydraulic power systems.
Q3. What are the major segments for gear hydraulic pump market?
Answer: The future of the gear hydraulic pump market looks promising with opportunities in the mining, metallurgical, electric power, and sewage treatment markets.
Q4. Who are the key gear hydraulic pump market companies?
Answer: Some of the key gear hydraulic pump companies are as follows:
• Danfoss
• Eaton
• John Deere
• Caterpillar
• Volvo
• Hawe Hydraulik
• Parker Hannifin
• Rexroth
• Cummins
• Atlas Copco
Q5. Which gear hydraulic pump market segment will be the largest in future?
Answer: Lucintel forecasts that, within the type category, external gear pump is expected to witness the highest growth over the forecast period.
Q6. In gear hydraulic pump market, which region is expected to be the largest in next 5 years?
Answer: In terms of region, APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the gear hydraulic pump market by type (external gear pump, internal gear pump, gear ring pump, and screw spindle pump), application (mining, metallurgical, electric power, sewage treatment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Gear Hydraulic Pump Market, Gear Hydraulic Pump Market Size, Gear Hydraulic Pump Market Growth, Gear Hydraulic Pump Market Analysis, Gear Hydraulic Pump Market Report, Gear Hydraulic Pump Market Share, Gear Hydraulic Pump Market Trends, Gear Hydraulic Pump Market Forecast, Gear Hydraulic Pump Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
                                                            Table of Contents

            1. Executive Summary

            2. Global Gear Hydraulic Pump Market : Market Dynamics
                        2.1: Introduction, Background, and Classifications
                        2.2: Supply Chain
                        2.3: Industry Drivers and Challenges

            3. Market Trends and Forecast Analysis from 2019 to 2031
                        3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
                        3.2. Global Gear Hydraulic Pump Market Trends (2019-2024) and Forecast (2025-2031)
                        3.3: Global Gear Hydraulic Pump Market by Type
                                    3.3.1: External Gear Pump
                                    3.3.2: Internal Gear Pump
                                    3.3.3: Gear Ring Pump
                                    3.3.4: Screw Spindle Pump
                        3.4: Global Gear Hydraulic Pump Market by Application
                                    3.4.1: Mining
                                    3.4.2: Metallurgical
                                    3.4.3: Electric Power
                                    3.4.4: Sewage Treatment
                                    3.4.5: Others

            4. Market Trends and Forecast Analysis by Region from 2019 to 2031
                        4.1: Global Gear Hydraulic Pump Market by Region
                        4.2: North American Gear Hydraulic Pump Market
                                    4.2.1: North American Market by Type: External Gear Pump, Internal Gear Pump, Gear Ring Pump, and Screw Spindle Pump
                                    4.2.2: North American Market by Application: Mining, Metallurgical, Electric Power, Sewage Treatment, and Others
                        4.3: European Gear Hydraulic Pump Market
                                    4.3.1: European Market by Type: External Gear Pump, Internal Gear Pump, Gear Ring Pump, and Screw Spindle Pump
                                    4.3.2: European Market by Application: Mining, Metallurgical, Electric Power, Sewage Treatment, and Others
                        4.4: APAC Gear Hydraulic Pump Market
                                    4.4.1: APAC Market by Type: External Gear Pump, Internal Gear Pump, Gear Ring Pump, and Screw Spindle Pump
                                    4.4.2: APAC Market by Application: Mining, Metallurgical, Electric Power, Sewage Treatment, and Others
                        4.5: ROW Gear Hydraulic Pump Market
                                    4.5.1: ROW Market by Type: External Gear Pump, Internal Gear Pump, Gear Ring Pump, and Screw Spindle Pump
                                    4.5.2: ROW Market by Application: Mining, Metallurgical, Electric Power, Sewage Treatment, and Others

            5. Competitor Analysis
                        5.1: Product Portfolio Analysis
                        5.2: Operational Integration
                        5.3: Porter’s Five Forces Analysis

            6. Growth Opportunities and Strategic Analysis
                        6.1: Growth Opportunity Analysis
                                    6.1.1: Growth Opportunities for the Global Gear Hydraulic Pump Market by Type
                                    6.1.2: Growth Opportunities for the Global Gear Hydraulic Pump Market by Application
                                    6.1.3: Growth Opportunities for the Global Gear Hydraulic Pump Market by Region
                        6.2: Emerging Trends in the Global Gear Hydraulic Pump Market
                        6.3: Strategic Analysis
                                    6.3.1: New Product Development
                                    6.3.2: Capacity Expansion of the Global Gear Hydraulic Pump Market
                                    6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Gear Hydraulic Pump Market
                                    6.3.4: Certification and Licensing

            7. Company Profiles of Leading Players
                        7.1: Danfoss
                        7.2: Eaton
                        7.3: John Deere
                        7.4: Caterpillar
                        7.5: Volvo
                        7.6: Hawe Hydraulik
                        7.7: Parker Hannifin
                        7.8: Rexroth
                        7.9: Cummins
                        7.10: Atlas Copco
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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