According to the 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 expected to observe robust expansion during the period 2021-2027.
 

The increasing use of equipment across numerous end-use applications, technological advancements in the field, and surging agricultural production are propelling the growth of global hydraulic motors market.
 

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4202314/
 

For the unversed, hydraulic motors are mechanical actuators that convert pressure into torque and rational hydraulic energy. The motors provide various benefits like better & simpler power transmission, high efficiency, and ease in usage among others. 
 

Moreover, the versatility of hydraulic motors enabling their operation in compact spaces is further accelerating industry development. It is also cited that prominent players in the marketplace are putting special emphasis on product innovation, which increase the remuneration scope.
 

Despite the positive outlook, the high cost of these motors, and the availability of substitute products are likely to hinder the progress of the market in the forthcoming years. 
 

In terms of end-use ambit, the marine segment accounted for 10% share in worldwide hydraulic motors industry in 2020 and is estimated to grow substantially during the assessment timeframe. Additionally, the transportation segment is predicted to garner a market share of 9% during the period 2021-2027.
 

From a regional standpoint, Latin America market is poised to grow at 3.9% CAGR during the projected timeline. Whereas, Middle East & Africa market held a revenue share of 9% in 2020 and is reckoned to register optimistic growth through 2027.
 

The competitive landscape of global hydraulic motors market is defined by companies such as Danfoss Group, Eaton Corporation plc, Permco Inc., M+S Hydraulic plc, VBC Hydraulics, Italgroup S.r.l., Vivoil Oleodinamica Vivolo S.r.l., Taizhou Eternal Hydraulic Machine Co. Ltd., Poclain Hydraulics, Bosch Rexroth AG, Maha Hydraulics Private Limited, Rotary Power Limited, Hydro Leduc, and Kawasaki Heavy Industries, Ltd. among others.