According to the research report titled, ‘Hydraulic Motors Market Size By Product (Gear Motor, Vane Motor, Piston Motor {Radial Piston Motor, Axial Piston Motor}), By Speed (Low-speed, High-speed), By End-use Industry (Construction, Agriculture & Forestry, Marine, Oil & Gas, Industrial, Mining, Recycling & municipal, Transportation, Others), COVID-19 Impact Analysis, Regional Outlook, Price Trends, Competitive Landscape, Growth Potential & Forecast, 2021 – 2027’, available with MarketStudyReport, global hydraulic motors market is anticipated to register significant growth during 2021-2027.
 

Increasing product prominence across several end-use applications and technological advancements in this field are boosting the expansion of hydraulic motors market. Besides, the versatility and ability of these motors to operate in compact spaces is further escalating its demand.
 

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For the unversed, hydraulic motors are mechanical actuators which convert pressure into rotational hydraulic energy and torque. These machines offer benefits like better power transmission, high efficiency, enhanced power transmission safety as well as simplicity and ease of power transmission.
 

Additionally, the surging focus of the leading companies towards the development of more advanced and innovative products is further augmenting market outlook. On the contrary, availability of a wide range of alternative products along with high costs associated with hydraulic motors are likely to slow down the progress of hydraulic motors market.
 

Based on product type, the others segment is projected to record 3.8% CAGR during 2021-2027 and reach a sizeable valuation by the end of the analysis timeline.
 

In terms of end-use industry, the marine segment garnered a revenue share of 10% in 2020 and is slated to expand considerably during the projected timeline. Meanwhile, the oil & gas segment is estimated to exhibit a CAGR of 4.0% over the study period. Also, the mining segment is expected to grow at 3.9% CAGR through 2027.
 

Furthermore, the recycling & municipal segment captured a volume share of 11% in 2020 and is speculated to progress substantially during the forecast duration. The transportation segment is  also likely to capture a revenue share of 9% by the end of the analysis period. Also, the other segment held a volume share of 4% in 2020 and is predicted to witness notable gains over 2021-2027.
 

The regional landscape of hydraulic motors market is defined by North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Latin America market is anticipated to register a CAGR of 3.9% during 2021-2027.
 

Middle East & Africa captured a volume share of 9% in 2020 and is speculated to develop substantially through the estimated timeline.
 

Key players operating in the market are Parker-Hannnifin Corporation, Maxma Fluid Power Inc., Bezares S.A., Danfoss Compressors GmbH, Permco Inc., VELJAN Hydrair Private Ltd., VBC Hydraulics, Vivoil Oleodinamica Vivolo s.r.l., Poclain Hydraulics Private Private Limited, Maha Hydraulics Private Limited, Kawasaki Heavy Industries Ltd., Hydro  Leduc N.A Inc., Rotary Power Ltd., Bosch Rexroth AG, Taizhou Eternal Hydraulic Machine Co. Ltd., SAI S.p.A, Italgroup S.r.l., M+S Hydraulic Plc, and Eaton Corporation plc.