The European axial piston pumps market is expected to grow at a CAGR of 3.5% from 2024 to 2029 and the European market size is anticipated to be worth USD 0.95 billion by 2029 from USD 0.79 billion in 2024.
The axial piston pump is a type of positive displacement pump with cylinders arranged around a central axis in a circular pattern. The pump is made up of nine pistons, and they rotate around the main drive shaft to provide the pump with power. Because the pistons are rotating against a swashplate or bent axis, they are forced to travel up and down along the pump axis. As the pistons are retracted, fluid can be pumped into the growing space under the reservoir pressure head as the pistons retract. The suction port closes, and the pressure port opens as the pistons pass through the top dead center, pushing the fluid out by the extending cylinders.
Advancements in technologies in the axial piston pump design to increase efficiency and reduce noise vibration fuel the growth of the axial piston pump market in the European region. The various applications of the axial piston pump in the end-user industries, such as automotive, agriculture, mining, oil and gas, and others, are also helping the market to grow. The hydraulic phenomenon, used in various industrial machinery, has become an important part of high outputs. Furthermore, using axial piston pumps to reduce water wastage in agricultural lands and manufacturing plants has increased the demand among the end-users. The government has regulated strict rules regarding water wastage, and each industry is planning to invest in these hydraulic pumps, which control water flow at variable speeds.
Global corporate expansion, new product launches, and investment in advanced technologies in the European region's hydraulic systems have increased demand from industries. In addition, these axial piston pumps are used to power the hydraulic systems used in the aircraft.
Axial piston pumps have some drawbacks, such as being bulky and having a high level of vibration and noise, as well as being large and taking up a lot of space since they are bulky. Furthermore, compared with other hydraulic pumps, these pumps' operating and maintenance costs are very high. In addition, as a result of the rapid acceleration and deceleration of energy, pump flow pulsations can be observed. These drawbacks are the key factors that are hindering the market from growing.
Impact of COVID-19 on European axial piston pumps market:
As a result of the COVID-19 pandemic, the market for axial piston pumps has been severely affected, and the demand for these pumps has decreased from different industries, such as automotive and manufacturing, which hold the majority of the major markets, due to this. As a result, a shutdown occurred in these industries, leading to the complete halt of raw material production and supply.
This research report on the European axial piston pumps market has been segmented and sub-segmented based on the following categories.
Europe Axial Piston Pumps Market - By Product Type:
Variable displacement axial piston pumps are leading the product type segment in 2021 and are predicted to grow significantly during the forecast period. These pumps are used in various applications such as oil and gas, automobile, and other sectors. The flow of the output can be changed according to the requirement of the application and has high horsepower precision control. Furthermore, they are considered energy efficient and have variable flow rate with control over the operation's speed; this is why it is preferred in various industries in Europe.
Europe Axial Piston Pumps Market - By Pressure Range:
By pressure range, the axial piston pump market is segmented to below 160 bar, 160-400 bar,400-450 bar, and more than 450 bar. The 160-400 bar pressure range is expected to grow significantly during the forecast period. The demand for hydraulic excavators and other mobile machinery in the manufacturing sector in the Europe region is increasing, and axial piston pumps with a pressure range between 160 to 400 bar are ideal. These pumps with a pressure range of 160-450 bar can be used in a variety of industries and can give the desired output demanded by the operator.
Europe Axial Piston Pumps Market - By Material Used:
Plastic bronze in the material used segment is predicted to grow at a significant CAGR during the forecast period. This growth of the material in the European axial piston pump manufacturing industry is due to its properties such as corrosion resistance, lightweight, and cheap cost in the market.
The stainless-steel material used in axial piston pump manufacturing is also expected to grow steadily during the forecast period. This is because stainless steel has a long life, is not affected by rust, and is brittle, which helps reduce the extra noise when the liquid flows through it.
Europe Axial Piston Pumps Market - By End Use Industry:
Automotive &Transportation in the end-use industry segment is leading the axial piston pump market. These pumps are widely used for various industrial machinery applications in automobile manufacturing. In addition, the presence of multinational companies manufacturing units in the region is driving the demand for axial piston pumps.
Agriculture and Forestry are also expected to grow steadily during the forecast period. The European economy heavily relies on the agricultural industry. It sustains 10.5 million farms throughout the EU. The axial piston pumps are used in hydraulic motors to remove water from reservoirs and lakes, among other sources, and supply it to the agricultural fields. They are very beneficial for the farmers and thus drive their growth in the agricultural sector.
Europe Axial Piston Pumps Market - By Country:
Germany's axial piston pumps market leads the share in 2021 and is expected to grow at a high rate during the forecast period. More than 3.1 million passenger cars are produced in German factories each year, and 351,000 commercial vehicles were manufactured in German factories in 2021. This makes Germany the leader in the European auto production sector. To operate the pumps, they have to be directly connected to the vehicle's power take-off system. Furthermore, these pumps are used in public transportation and utility vehicles. As a result, the dominance of the automobile sector in Germany is driving the demand for the axial piston pumps market. Italy's axial piston pump market is anticipated to lead the dominant shares in the coming years. The rising demand to introduce advanced technological devices is a major factor in growing the market. Spain's axial piston pump market will likely have sustainable market shares in the future.
KEY MARKET PARTICIPANTS:
Bosch Rexroth AG, Danfoss, Hydrosila Group, The Annovi Reverberi Group, Interpump Group, HAWE Hydraulik SE, Liebherr, Nikkiso, PSM-Hydraulics and Flowserve Ahaus GmbH are some of the notable companies in the European axial piston pumps market.
RECENT HAPPENINGS IN THE MARKET:
Frequently Asked Questions
Variable displacement axial piston pumps are growing at a significant rate.
In June 2022, Bosch Rexroth announced plans to acquire HydraForce, which would aid in the growth of its hydraulics division.
The Europe axial piston pump market is estimated to grow at a CAGR of 3.15 %
Danfoss, Bosch Rexroth AG, and Nikkiso
The study period of the market is from 2022 to 2027
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