According to the business intelligence report titled ‘Global Hydraulic Motors Market Size study, by Type (Hydraulic Gear Motor, Vane Motor, Piston Motor), by Application (Off-Road, Industrial) and Regional Forecasts 2020-2027’, available with Market Study Report, global hydraulic motors market is anticipated to register a compound annual growth rate of 4.5% over 2020-2027.
 

As cited by seasoned analysts, rising adoption of hydraulic motors in the construction and mining industries, coupled with incorporation of automation technologies in agricultural activities are augmenting global hydraulic motors market size. Furthermore, technological advancements and rapid industrialization are adding considerable traction to the industry growth.
 

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For those unaware, hydraulic motors are a type of mechanical actuators which convert hydraulic flow and pressure into rotation and torque. Although the torque generated by the motor varies depending on the pressure drop and displacement, the power generated relies on the stream of fluids. These motors are widely utilized for various applications including roll mills, excavators, crane drives, and self-driven cranes among others. They are also used in agricultural machinery to power fans & screw conveyers, conveyor belts, and dispersion plates.
 

Speaking of the factors hindering global hydraulic motors expansion, expensive maintenance costs associated with the motors will continue to barricade business development during the stipulated period.
 

Geographically speaking, North America, Latin America, Europe and Asia Pacific are the key contributors the overall hydraulic motors market value. Among these, Asia-Pacific captures a substantial portion of market share and is touted to grow significantly through 2027.
 

Increasing government investments in municipal infrastructure projects, high concentration of prominent vendors, and technological advancements in hydraulic motor design across developing nations are contributing to the industry growth in APAC. Moreover, rapid development in the agriculture as well as mining sectors of nations like India and China are accelerating the regional market expansion. In fact, Statista cites that the mining industry production in India saw a growth of 5.3% in 2017 from 4.3% in 2016, indicating a sustained demand for hydraulic motors in the nation.
 

Bosch Rexroth AG, Adan Ltd., Jiangsu Hengyuan Hydraulic Co., Ltd., Bucher Hydraulics GmbH, Danfoss, Casappa S.p.A., Parker-Hannifin Corporation, Eaton Corporation plc, Poclain Hydraulics, Inc., and Mitsubishi Heavy Industries Ltd. are the leading organizations impacting worldwide hydraulic motors market dyanmics.