Radial Piston Motor Market is Projected to Reach US$ 470 Million by 2034, Sustaining a Consistent 3.10 % CAGR | Future Market Insights, Inc.
Technological Advancements Fueling Demand for Energy-Efficient Radial Piston Motors for Industrial Applications. Global radial piston motor market anticipates robust growth driven by rising demand and the imperative for efficient, energy-dense motors. A poised expansion is foreseen in the years ahead.
NEWARK, Del, Nov. 29, 2023 (GLOBE NEWSWIRE) — The radial piston motor market is expected to reach US$ 356.6 million, projected to increase to US$ 470 million by 2034. The adoption of hydraulic radial piston motors is set to grow steadily at a CAGR of 3.10% from 2024 to 2034. Several key factors drive the radial piston motor industry. The need for more efficient radial piston motors that can provide higher power and efficiency while meeting the rigorous requirements of modern hydraulic systems is rising.
Compact radial piston motors are widely used in mobile and stationary applications due to their high torque, superior efficiency, and durability. Compact radial piston motors convert hydraulic pressure into rotational force and are ideal for heavy-duty industrial applications.
Low-speed, high-torque radial motors are the preferred choice for industries that require strong torque at low speeds, such as construction, mining, agriculture, and forestry. Due to their exceptional durability and efficiency, these motors are also commonly used in stationary applications such as power generation, machine tools, and oil and gas equipment. They have a high power-to-weight ratio and can operate at high speeds using multiple pistons arranged in a circular pattern to convert hydraulic pressure into rotational force. The design of the motor makes them ideal for heavy-duty industrial applications.
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Radial piston hydraulic motors are a type of hydraulic motor that uses a radial arrangement of pistons to generate high power density, efficiency, and reliability. They are an excellent option for automation and robotics in various industries, including industrial, automotive, aerospace, and military. Radial piston motors can deliver precise, high-torque output with minimal maintenance requirements, which makes them highly desirable in the current industrial automation landscape. By implementing these hydraulic motors, businesses can expect to create more efficient, reliable, and cost-effective automated systems.
In the upcoming years, the demand for efficient, reliable hydraulic motors is expected to increase, leading to growth in the global radial piston motor market. The need for highly energy-dense motors will fuel the growth of the radial piston motor market over the forecast period.
“The radial piston motor market is expected to be driven by the rising demand from industrial and agricultural sectors, technological advancements, and growing awareness of energy-efficient products,”- opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Key Takeaways from the Radial Piston Motor Market
- Medium-speed radial piston motors command a substantial market share of 35.00% in 2024, emerging as the predominant choice.
- Industrial machinery secures a robust market lead, claiming a solid 25.00% market share in 2024.
- The radial piston motor industry in the United States is predicted to grow at a CAGR of 2.70% through 2034.
- The market in Germany is predicted to rise at a sluggish 2.50% CAGR through 2034.
- The radial piston motor industry in Japan has the potential to increase at a modest 2.20% CAGR through 2034.
- Australia’s radial piston motor industry is predicted to rise at a 2.80% CAGR through 2034.
- China’s market is estimated to develop at a CAGR of 3.60% through 2034.
- The demand for radial piston motors in India is anticipated to expand at a 3.80% CAGR through 2034.
- The radial piston motor industry in the United Kingdom is predicted to grow at a CAGR of 2.70% through 2034.
Competitive Landscape of the Radial Piston Motor Market
The radial piston motor market has seen a surge in growth strategies from its major players. In addition to the traditional focus on product launches, product approvals, patents, and events, new entrants in the market have been exploring inorganic growth strategies such as acquisitions, partnerships, and collaborations. As a result of these efforts, businesses have expanded their customer base. Due to the increasing demand in the global market, the radial piston hydraulic motors market is expected to offer significant growth opportunities for its players.
Top 10 Key Players in the Radial Piston Motor Market
- Bosch Rexroth,
- Black Bruin Inc.,
- Dongguan Blince Machinery,
- Eaton Corp. Plc,
- Flint Hydraulics Inc.,
- INTERMOT,
- Italgroup Srl,
- Kawasaki Heavy Industries Ltd.,
- KYB Corp.,
- Parker Hannifin Corp.,
Recent Developments in the Radial Piston Motor Market
- In September 2023, Kawasaki launched the Ninja ZX-4R sports bike with 80 horsepower. The motorcycle features Nissin four-piston radial calipers for offshore oil and gas applications.
- In March 2023, KYB designed a suspension set and brake system for Suzuki GSX-S750Z/ABS models, featuring radial-mounted Nissin four-piston brake calipers with wave-style rotors for consistent and reliable braking performance.
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Market Segmentation
By Product Type:
- Low Speed (Up to 500 rpm)
- Medium Speed (500 to 2,000 rpm)
- High Speed (Over 2,000 rpm)
By Automation:
- MH
- XJ
- XF
- Small SMA
- SMA
By End-use Industry:
- Mobile Machinery
- Industrial Machinery
- Power Generation and Transmission
- Oil And Gas Industry
- Aerospace And Defense
- Transportation
- Agriculture and Forestry
- Manufacturing
- Construction
- Mining
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East & Africa
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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