オフハイウェイ機器向け電気油圧市場 – 2032年までの世界予測

Electro Hydraulics Market for Off-highway Equipment - Global Forecast To 2032

オフハイウェイ機器向け電気油圧市場 - タイプ(掘削機、バックホーローダー、ホイールローダー、農業用ローダー)、コンポーネント(油圧シリンダー、電動モーター、油圧ポンプ、コントロールバルブ、センサー、電子制御ユニット、プログラマブルロジックコントローラー)、タイプ、地域別 - 2032年までの世界予測
Electro Hydraulics Market for Off-Highway Equipment by Type (Excavators, Backhoe Loaders, Wheel Loaders, Agriculture Loaders), Component (Hydraulic Cylinders, Electric Motors, Hydraulic Pumps, Control Valves, Sensors, Electronic Control Unit, Programmable Logic Controller), Type, and Region - Global Forecast to 2032

商品番号 : SMB-81283

出版社MarketsandMarkets
出版年月2025年7月
ページ数215
図表数229
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは、オフハイウェイ機器向け電動油圧市場全体とそのサブセグメントの収益数値の近似値に関する情報を提供し、市場リーダー企業と新規参入企業を支援します。また、ステークホルダーが競争環境を理解し、事業のポジショニングを改善し、適切な市場開拓戦略を策定するための洞察を深めるのに役立ちます。さらに、本レポートは、ステークホルダーが市場の動向を理解し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供するのに役立ちます。

The electro hydraulics market for off-highway equipment is projected to grow from 92,501 units in 2025 to 234,487 units by 2032 at a CAGR of 14.2%. The increasing demand for higher efficiency and productivity drives the market. Additionally, the need to adopt electric off-highway equipment is expected to propel the electro hydraulics market for off-highway equipment in the coming years.

オフハイウェイ機器向け電動油圧市場は、2025年の92,501台から2032年には234,487台へと年平均成長率(CAGR)14.2%で成長すると予測されています。市場を牽引しているのは、より高い効率性と生産性に対する需要の高まりです。さらに、オフハイウェイ機器の電動化へのニーズも、今後数年間でオフハイウェイ機器向け電動油圧市場の成長を牽引すると予想されます。

オフハイウェイ機器向け電気油圧市場 - 2032年までの世界予測
electro-hydraulics-market

By type, the electric segment is projected to grow at a higher rate than the convention segment during the forecast period

The electrically actuated hydraulic systems market is projected to grow faster than conventional systems due to the growing demand for more innovative, efficient, and environmentally friendly equipment in the off-highway sector. Electro hydraulics’ superior efficiency and fuel savings are key factors driving growth. These systems often use load-sensing and proportional valve technology to adjust pump output based on demand, reducing unnecessary energy use and lowering fuel consumption and emissions. Additionally, electro hydraulics support advanced features like precision farming in agriculture and semi-autonomous operations in construction and mining. These capabilities help operators work more accurately and productively, improving job site safety and enabling real-time performance tracking.

Despite higher initial costs and complexity, the long-term benefits of electro hydraulics, including fuel savings, automation potential, and compliance with environmental regulations, make them a future-ready solution. Major technology providers of electro hydraulic systems for off-highway equipment include Bosch Rexroth (Germany), Danfoss (Denmark), Parker Hannifin (US), Nott Company (US), and AB Volvo (Sweden).

By component, the control valves segment is projected to account for the largest share of the electro hydraulics market for off-highway equipment during the forecast period

The dominance of the control valves segment is driven by their critical role in regulating hydraulic fluid flow, direction, and pressure functions that are essential to the performance of any hydraulic system. While control valves have always been fundamental components in conventional hydraulics, their design and functionality have significantly evolved with the rise of electro hydraulic systems.

In traditional systems, where control valves were primarily hydraulic and were operated directly by the machine operator or through pilot pressure, modern electro hydraulic systems use solenoid-operated proportional and servo valves that are electronically controlled. Proportional valves allow variable control over pressure and flow, while servo valves offer precise, closed-loop control, often based on feedback from sensors and logic controllers. These functions are vital in equipment like excavators, wheel loaders, and agricultural tractors, where smooth, coordinated, and efficient operation of multiple hydraulic functions is required.

The adoption of valve banks has further boosted the demand for advanced control valves. These banks consist of several electronically actuated valves grouped, allowing centralized and simultaneous management of multiple actuators. They are widely used in complex off-highway equipment to achieve high levels of operational precision and efficiency.

Key global suppliers offering control valves for off-highway equipment are Parker Hannifin (US), Bosch Rexroth (Germany), Danfoss (Denmark), Kawasaki Precision Machinery (Japan), Poclain (France), Walvoil S.p.A. (Italy), and LHY Powertrain GmbH & Co. KG. (Germany).

The Americas is projected to be the second-largest electro hydraulics market for off-highway equipment during the forecast period

The US, Canada, Mexico, and Brazil have been considered for market analysis in the Americas region. The Americas is projected to account for the second-largest electro hydraulics market for off-highway equipment during the forecast period. This is majorly due to the presence of major technology and component suppliers, such as Parker Hannifin (US) and Nott Company (US), along with leading off-highway equipment manufacturers like Caterpillar (US), Deere & Company (US), and Bobcat Company (US). Caterpillar (US) and Deere & Company (US) are leaders in construction and agriculture machinery and are known for offering equipment like excavators, wheel loaders, and tractors that incorporate electro hydraulic systems. Together, these companies account for more than 21% in the global construction equipment market.

Technology providers in the region have developed advanced electrohydraulic systems tailored for various types of off-highway equipment, and manufacturers are increasingly integrating these systems into their machines. This collaboration between component suppliers and OEMs plays a key role in the growth of the electro hydraulics market for off-highway equipment in the Americas. Moreover, the region has witnessed high adoption of electrically propelled off-highway equipment across sectors, such as construction, agriculture, and material handling. Since electro hydraulic systems are standard in these electric machines, this trend is also expected to boost market demand in the region.

オフハイウェイ機器向け電気油圧市場 - 2032年までの世界予測 region
electro-hydraulics-market-region

In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.

Here’s the breakdown of the interviews conducted:

  • By Company Type: Component Manufacturers – 70% and Off-highway OEMs – 30%
  • By Designation: C-Level Executives – 40%, Directors – 40%, and Others – 20%
  • By Region: North America – 20%, Europe – 30%, and Asia – 50%

Established players such as Bosch Rexroth (Germany), Danfoss (Denmark), Parker Hannifin (US), Nott Company (US), and AB Volvo (Sweden) lead the electro hydraulics market for off-highway equipment.

オフハイウェイ機器向け電気油圧市場 - 2032年までの世界予測 ecosystem
electro-hydraulics-market-ecosystem

Key Benefits of Buying the Report:

This report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall electro hydraulics market for off-highway equipment and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the market’s pulse and provide information on key market drivers, restraints, challenges, and opportunities.

The report further provides insights into the following points:

  • Market Dynamics: Analysis of key drivers (improved efficiency and precision to drive market, shortage of skilled/trained labor), opportunities (future potential for adoption in excavators and backhoes, and steady adoption of electric equipment where EH systems have higher adoption), and challenges (aftermarket retrofitting to challenge OEM offerings and maintenance challenges with electrohydraulic systems) influencing the electro hydraulics market for off-highway equipment.
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and products & services offered by players in the electro hydraulics market for off-highway equipment.
  • Market Development: Comprehensive information about the lucrative market and analysis of the electro hydraulics market for off-highway equipment across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electro hydraulics market.
  • Competitive Assessment: In-depth assessment of market ranking, growth strategies, and service offerings of leading players like Bosch Rexroth (Germany), Danfoss (Denmark), Parker Hannifin (US), Nott Company (US), and AB Volvo (Sweden), in the electro hydraulics market for off-highway equipment.

Table of Contents

1               INTRODUCTION              21

1.1           STUDY OBJECTIVES       21

1.2           MARKET DEFINITION   22

1.3           STUDY SCOPE   23

1.3.1        MARKET SEGMENTATION           23

1.3.2        INCLUSIONS & EXCLUSIONS       24

1.4           YEARS CONSIDERED      24

1.5           CURRENCY CONSIDERED            24

1.6           UNITS CONSIDERED      26

1.7           KEY STAKEHOLDERS     26

2               RESEARCH METHODOLOGY       27

2.1           RESEARCH DATA              27

2.1.1        SECONDARY DATA          28

2.1.1.1    Secondary sources                28

2.1.1.2    Key data from secondary sources       29

2.1.2        PRIMARY DATA 29

2.1.2.1    Primary participants             30

2.1.3        SAMPLING TECHNIQUES AND DATA COLLECTION METHODS           30

2.2           MARKET SIZE ESTIMATION         31

2.2.1        BOTTOM-UP APPROACH              32

2.3           DATA TRIANGULATION                33

2.4           FACTOR ANALYSIS          34

2.5           RESEARCH ASSUMPTIONS AND RISK ASSESSMENT                 35

2.6           RESEARCH LIMITATIONS             35

3               EXECUTIVE SUMMARY  36

4               PREMIUM INSIGHTS       40

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT      40

4.2           ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY EQUIPMENT TYPE        41

4.3           ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY COMPONENT  41

4.4           ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY TYPE   42

4.5           ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY PROPULSION  42

4.6           ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY COMPONENT    43

4.7           ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION              43

5               MARKET OVERVIEW       44

5.1           INTRODUCTION              44

5.2           MARKET DYNAMICS       45

5.2.1        DRIVERS               45

5.2.1.1    Need for improved efficiency and precision     45

5.2.1.2    Shortage of skilled/trained labor        46

5.2.2        RESTRAINTS      46

5.2.2.1    High cost of electrohydraulic systems and components 46

5.2.3        OPPORTUNITIES              47

5.2.3.1    Future potential for adoption of electrohydraulic systems in excavators and backhoe loaders          47

5.2.3.2    Rising adoption of electric equipment equipped with electro hydraulic systems 48

5.2.4        CHALLENGES    48

5.2.4.1    Maintenance of electrohydraulic systems         48

5.3           IMPACT OF AI ON ELECTROHYDRAULIC SYSTEMS FOR OFF-HIGHWAY EQUIPMENT       49

5.4           TECHNOLOGY ANALYSIS             49

5.4.1        KEY TECHNOLOGIES     49

5.4.1.1    Advancements in electrohydraulic steering systems       49

5.4.2        COMPLEMENTARY TECHNOLOGIES       50

5.4.2.1    Electrohydraulic actuation  50

5.4.3        ADJACENT TECHNOLOGIES       50

5.4.3.1    Integration of battery-powered hydraulic pumps            50

5.4.3.2    Use of hybrid hydraulic systems for energy efficiency    51

5.4.3.3    Smart valves in electrohydraulic systems          51

5.4.3.4    Hydrogen-powered hydraulic systems              52

5.5           REGIONAL OVERVIEW OF OFF-HIGHWAY EQUIPMENT                 53

5.5.1        CONSTRUCTION EQUIPMENT: ICE VS. ELECTRIC                 53

5.5.2        AGRICULTURAL EQUIPMENT: ICE VS. ELECTRIC                 55

5.5.3        FORKLIFTS: ICE VS. ELECTRIC   56

5.5.4        MINING EQUIPMENT:  ICE VS. ELECTRIC            57

5.6           CASE STUDY ANALYSIS 59

5.6.1        MAHA FLUID POWER RESEARCH CENTER DEVELOPED AND DEMONSTRATED NEXT-GENERATION ELECTROHYDRAULIC TECHNOLOGY FOR OFF-ROAD VEHICLES                 59

5.6.2        DEVELOPMENT OF INTEGRATED ELECTROHYDRAULIC MACHINE TO ELECTRIFY OFF-HIGHWAY VEHICLES        60

5.6.3        DANFOSS POWER SOLUTIONS AND ROBBIE FLUID ENGINEERING REVOLUTIONIZED OFF-HIGHWAY VEHICLE HYDRAULICS WITH DIGITAL DISPLACEMENT TECHNOLOGY FOR ENHANCED EFFICIENCY AND DECARBONIZATION                 60

5.6.4        DESIGNING AND IMPLEMENTATION OF IEHEC-BASED ELECTROHYDRAULIC HYBRID ACTUATOR SYSTEM TO REPLACE CONVENTIONAL VALVE-CONTROLLED CIRCUITS                 61

5.6.5        SHANDONG LINGONG CONSTRUCTION MACHINERY COMPANY (SDLG) AND POCLAIN COLLABORATED TO ENHANCE PERFORMANCE, RELIABILITY, AND EFFICIENCY OF SDLG’S ROAD CONSTRUCTION MACHINERY      62

5.7           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            62

5.8           PRICING ANALYSIS          63

5.8.1        AVERAGE SELLING PRICE OF KEY ELECTROHYDRAULIC COMPONENTS  63

5.8.2        AVERAGE SELLING PRICE OF KEY COMPONENTS OF ELECTROHYDRAULIC SYSTEMS, BY REGION       64

5.9           ECOSYSTEM ANALYSIS  65

5.10         SUPPLY CHAIN ANALYSIS             67

5.11         PATENT ANALYSIS          68

5.12         INVESTMENT & FUNDING SCENARIO     70

5.13         REGULATORY LANDSCAPE         71

5.13.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             71

5.14         KEY CONFERENCES & EVENTS, 2025–2026              72

5.15         KEY STAKEHOLDERS & BUYING CRITERIA            73

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           73

5.15.2      BUYING CRITERIA           74

5.16         ADOPTION OF ELECTRO HYDRAULICS IN OFF-HIGHWAY EQUIPMENT 75

6               ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY TYPE   76

6.1           INTRODUCTION              77

6.2           CONVENTIONAL              78

6.2.1        LOW INITIAL COSTS AND RELIABILITY OF CONVENTIONAL SYSTEMS TO BOOST GROWTH               78

6.3           ELECTRIC            79

6.3.1        NEED FOR BETTER PRECISION AND FUEL ECONOMY TO DRIVE MARKET 79

6.4           ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY PROPULSION  80

6.4.1        NEED TO IMPROVE ENERGY EFFICIENCY BY ELIMINATING UNNECESSARY HYDRAULIC FLOW PROPULSION TO DRIVE MARKET         80

6.5           KEY PRIMARY INSIGHTS                82

7               ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE    83

7.1           INTRODUCTION              84

7.2           EXCAVATORS    85

7.2.1        DEMAND FOR INCREASED PRECISION AND REDUCED FUEL CONSUMPTION TO DRIVE MARKET            85

7.3           WHEEL LOADERS & SKID STEER LOADERS           86

7.3.1        NEED TO IMPROVE HANDLING OF MATERIALS TO DRIVE MARKET 86

7.4           AGRICULTURAL TRACTORS        87

7.4.1        FOCUS ON IMPROVING AGRICULTURAL EFFICIENCY TO DRIVE DEMAND        87

7.5           BACKHOE LOADERS       88

7.5.1        FOCUS ON ENHANCING SWITCH BETWEEN LOADERS AND DIGGING OPERATIONS TO DRIVE MARKET               88

7.6           KEY PRIMARY INSIGHTS                89

8               ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY COMPONENT              90

8.1           INTRODUCTION              91

8.2           HYDRAULIC PUMPS        92

8.2.1        DEMAND FOR INCREASED EFFICIENCY OF HYDRAULIC SYSTEMS TO BOOST GROWTH  92

8.2.2        KEY SUPPLIERS OF HYDRAULIC PUMPS 93

8.2.3        AVERAGE NUMBER OF HYDRAULIC PUMPS USED IN OFF-HIGHWAY EQUIPMENT       93

8.2.4        AVERAGE PRICE RANGE OF HYDRAULIC PUMPS USED IN ELECTROHYDRAULIC SYSTEMS, BY REGION, 2024       93

8.3           CONTROL VALVES          94

8.3.1        ADVANCEMENTS IN SOLENOID-OPERATED VALVES TO DRIVE MARKET 94

8.3.2        KEY SUPPLIERS OF CONTROL VALVES   95

8.3.3        AVERAGE NUMBER OF CONTROL VALVES USED IN OFF-HIGHWAY EQUIPMENT 95

8.3.4        AVERAGE PRICE RANGE OF CONTROL VALVES USED IN ELECTROHYDRAULIC SYSTEMS, BY REGION, 2024             96

8.4           ELECTRIC MOTORS        96

8.4.1        INCREASING ADOPTION OF ELECTRICALLY-PROPELLED EQUIPMENT TO DRIVE MARKET    96

8.4.2        KEY SUPPLIERS OF ELECTRIC MOTORS 97

8.4.3        AVERAGE NUMBER OF ELECTRIC MOTORS USED IN OFF-HIGHWAY EQUIPMENT       97

8.4.4        AVERAGE PRICE RANGE OF ELECTRIC MOTORS USED IN ELECTROHYDRAULIC SYSTEMS, BY REGION, 2024             97

8.5           HYDRAULIC CYLINDERS               98

8.5.1        GROWING DEMAND FOR OFF-HIGHWAY EQUIPMENT TO DRIVE MARKET         98

8.5.2        KEY SUPPLIERS OF HYDRAULIC CYLINDERS       98

8.5.3        AVERAGE NUMBER OF HYDRAULIC CYLINDERS USED IN OFF-HIGHWAY EQUIPMENT       99

8.5.4        AVERAGE PRICE RANGE OF HYDRAULIC CYLINDERS USED IN ELECTROHYDRAULIC SYSTEMS, BY REGION, 2024                 99

8.6           SENSORS              100

8.6.1        NEED FOR MONITORING, CONTROLLING, AND OPTIMIZING PERFORMANCE OF HYDRAULIC SYSTEMS TO DRIVE MARKET 100

8.6.2        KEY SUPPLIERS OF SENSORS      100

8.6.3        AVERAGE NUMBER OF SENSORS USED IN OFF-HIGHWAY EQUIPMENT 101

8.6.4        AVERAGE PRICE RANGE OF SENSORS USED IN ELECTROHYDRAULIC SYSTEMS, BY REGION, 2024             101

8.7           ELECTRONIC CONTROL UNIT (ECU)      102

8.7.1        FOCUS ON IMPROVING CONTROL, FEEDBACK, AND EFFICIENCY OF OFF-HIGHWAY EQUIPMENT TO DRIVE MARKET                 102

8.7.2        KEY SUPPLIERS OF ELECTRONIC CONTROL UNITS (ECUS)  102

8.7.3        AVERAGE NUMBER OF ELECTRONIC CONTROL UNITS (ECUS) USED IN OFF-HIGHWAY EQUIPMENT     102

8.7.4        AVERAGE PRICE RANGE OF ELECTRONIC CONTROL UNITS (ECUS) USED IN ELECTROHYDRAULIC SYSTEMS, BY REGION, 2024     103

8.8           PROGRAMMABLE LOGIC CONTROLLER (PLC)   104

8.8.1        FOCUS ON AUTOMATION, FLEXIBILITY, AND REAL-TIME OPTIMIZATION TO SPUR DEMAND             104

8.8.2        KEY SUPPLIERS OF PROGRAMMABLE LOGIC CONTROLLERS (PLCS)  104

8.8.3        AVERAGE NUMBER OF PROGRAMMABLE LOGIC CONTROLLERS (PLCS) USED IN OFF-HIGHWAY EQUIPMENT                 104

8.9           INDUSTRY INSIGHTS     105

9               ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY COMPONENT    106

9.1           INTRODUCTION              107

9.2           HYDRAULIC PUMPS        108

9.2.1        DEVELOPMENTS IN SELF-ACTUATION AND VARIABLE FLOW PUMPS TO DRIVE GROWTH           108

9.3           CONTROL VALVES          109

9.3.1        ADVANCEMENTS IN PROPORTIONAL VALVE TECHNOLOGY TO DRIVE MARKET          109

9.4           ELECTRIC MOTORS        110

9.4.1        GLOBAL DOMINANCE OF ELECTRIC FORKLIFTS TO DRIVE MARKET 110

9.5           HYDRAULIC CYLINDERS               111

9.5.1        GROWING DEMAND FOR FORKLIFTS TO DRIVE MARKET GROWTH          111

9.6           SENSORS              112

9.6.1        DEMAND FOR PRECISE OPERATIONAL CONTROL TO DRIVE MARKET 112

9.7           ELECTRONIC CONTROL UNIT (ECU)      113

9.7.1        NEED FOR BETTER CONTROL OF SENSORS TO DRIVE MARKET               113

9.8           PROGRAMMABLE LOGIC CONTROLLER (PLC)   114

9.8.1        RISE IN DEMAND FOR AUTOMATION TO DRIVE GROWTH             114

9.9           INDUSTRY INSIGHTS     115

10            ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION              116

10.1         INTRODUCTION              117

10.2         ASIA PACIFIC     118

10.2.1      MACROECONOMIC OUTLOOK  119

10.2.2      CHINA  123

10.2.2.1  Growth in construction and mining industries to drive market                 123

10.2.3      INDIA    124

10.2.3.1  Adoption of electrohydraulic technology in excavators and agricultural tractors to drive market  124

10.2.4      JAPAN   125

10.2.4.1  Presence of key OEMs, technological innovations, and increasing infrastructural development to drive market    125

10.2.5      REST OF ASIA PACIFIC   126

10.3         EUROPE               127

10.3.1      MACROECONOMIC OUTLOOK  128

10.3.2      GERMANY           133

10.3.2.1  Robust growth in construction industry to drive market                 133

10.3.3      FRANCE                134

10.3.3.1  Growth in agriculture and construction industries to drive market                 134

10.3.4      SPAIN    135

10.3.4.1  Growth in agriculture and forklift industries to drive market                 135

10.3.5      UK          136

10.3.5.1  Presence of key OEMs to drive market             136

10.3.6      REST OF EUROPE             137

10.4         AMERICAS           138

10.4.1      MACROECONOMIC OUTLOOK  138

10.4.2      US           142

10.4.2.1  Presence of key OEMs and technology providers to drive market                 142

10.4.3      CANADA               143

10.4.3.1  Rising trend toward electrification to drive market         143

10.4.4      MEXICO                144

10.4.4.1  Developing agricultural industry to drive market            144

10.4.5      BRAZIL 145

10.4.5.1  Rapid progress of construction industry to drive market                 145

10.5         INDUSTRY INSIGHTS     146

11            COMPETITIVE LANDSCAPE         147

11.1         OVERVIEW          147

11.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025                 147

11.3         MARKET RANKING ANALYSIS, 2024           149

11.4         REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024                 151

11.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 151

11.5.1      STARS   151

11.5.2      EMERGING LEADERS     151

11.5.3      PERVASIVE PLAYERS      152

11.5.4      PARTICIPANTS 152

11.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2O24       153

11.5.5.1  Company footprint               153

11.5.5.2  Region footprint   154

11.5.5.3  Type footprint       155

11.5.5.4  Component footprint           156

11.5.5.5  Equipment type footprint    157

11.6         COMPANY VALUATION 158

11.7         FINANCIAL METRICS      158

11.8         BRAND/PRODUCT COMPARISON             159

11.9         OFF-HIGHWAY EQUIPMENT MODELS EQUIPPED WITH ELECTROHYDRAULIC SYSTEMS                160

11.10       KEY SUPPLIERS OF ELECTROHYDRAULIC COMPONENTS  161

11.11       COMPETITIVE SCENARIO             163

11.11.1   PRODUCT LAUNCHES/DEVELOPMENTS               163

11.11.2   DEALS  164

11.11.3   EXPANSION        165

11.11.4   OTHER DEVELOPMENTS              166

12            COMPANY PROFILES      167

12.1         KEY PLAYERS     167

12.1.1      BOSCH REXROTH AG     167

12.1.1.1  Business overview 167

12.1.1.2  Products offered   168

12.1.1.3  Recent developments           169

12.1.1.3.1                Product launches/developments        169

12.1.1.3.2                Deals      169

12.1.1.3.3                Expansion              170

12.1.1.4  MnM view              170

12.1.1.4.1                Key strengths        170

12.1.1.4.2                Strategic choices   170

12.1.1.4.3                Weaknesses and competitive threats 170

12.1.2      DANFOSS             171

12.1.2.1  Business overview 171

12.1.2.2  Products offered   172

12.1.2.3  Recent developments           173

12.1.2.3.1                Deals      173

12.1.2.3.2                Expansion              173

12.1.2.4  MnM view              174

12.1.2.4.1                Key strengths        174

12.1.2.4.2                Strategic choices   174

12.1.2.4.3                Weaknesses and competitive threats 174

12.1.3      PARKER HANNIFIN CORP             175

12.1.3.1  Business overview 175

12.1.3.2  Products offered   176

12.1.3.3  Recent developments           177

12.1.3.3.1                Product launches/developments        177

12.1.3.3.2                Deals      177

12.1.3.3.3                Expansion              177

12.1.3.4  MnM view              178

12.1.3.4.1                Key strengths        178

12.1.3.4.2                Strategic choices   178

12.1.3.4.3                Weaknesses and competitive threats 178

12.1.4      AB VOLVO           179

12.1.4.1  Business overview 179

12.1.4.2  Products offered   180

12.1.4.3  Recent developments           181

12.1.4.3.1                Product launches/developments        181

12.1.4.3.2                Deals      181

12.1.4.4  MnM view              182

12.1.4.4.1                Key strengths        182

12.1.4.4.2                Strategic choices   182

12.1.4.4.3                Weaknesses and competitive threats 182

12.1.5      NOTT COMPANY              183

12.1.5.1  Business overview 183

12.1.5.2  Products offered   183

12.1.5.3  Recent developments           184

12.1.5.3.1                Product launches/developments        184

12.1.5.3.2                Deals      184

12.1.5.3.3                Expansion              184

12.1.5.3.4                Other developments             185

12.1.5.4  MnM view              185

12.1.5.4.1                Key strengths        185

12.1.5.4.2                Strategic choices   185

12.1.5.4.3                Weaknesses and competitive threats 185

12.1.6      POCLAIN              186

12.1.6.1  Business overview 186

12.1.6.2  Products offered   186

12.1.6.3  Recent developments           186

12.1.6.3.1                Product launches/developments        186

12.1.6.3.2                Expansion              187

12.1.7      WALVOIL S.P.A. 188

12.1.7.1  Business overview 188

12.1.7.2  Products offered   188

12.1.7.3  Recent developments           189

12.1.7.3.1                Product launches/developments        189

12.1.7.3.2                Expansion              189

12.1.8      LHY POWERTRAIN GMBH & CO. KG.        190

12.1.8.1  Business overview 190

12.1.8.2  Products offered   190

12.1.8.3  Recent developments           191

12.1.8.3.1                Product launches/developments        191

12.1.9      POWER-PACKER EUROPA B.V.   192

12.1.9.1  Business overview 192

12.1.9.2  Products offered   192

12.1.10   KAWASAKI PRECISION MACHINERY, LTD              193

12.1.10.1                 Business overview 193

12.1.10.2                 Products offered   193

12.2         OTHER PLAYERS              194

12.2.1      HYDAC INTERNATIONAL GMBH               194

12.2.2      HAWE HYDRAULIK SE    195

12.2.3      BUCHER HYDRAULICS  196

12.2.4      HELIOS TECHNOLOGIES              197

12.2.5      KYB CORPORATION       198

12.2.6      HUSCO INTERNATIONAL, INC.  199

12.2.7      DELTA POWER COMPANY           200

12.2.8      ARGO-HYTOS GROUP AG             201

12.2.9      YUKEN KOGYO CO., LTD.             202

12.2.10   JIANGSU HENGLI HYDRAULIC CO., LTD.               203

13            RECOMMENDATIONS BY MARKETSANDMARKETS                 204

13.1         ASIA PACIFIC TO WITNESS ROBUST GROWTH IN ADOPTION OF ELECTROHYDRAULIC SYSTEMS FOR OFF-HIGHWAY VEHICLES      204

13.2         EXCAVATORS AND WHEEL LOADERS SEGMENTS TO DRIVE GROWTH OF ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT 205

13.3         CONCLUSION    205

14            APPENDIX           207

14.1         INSIGHTS FROM INDUSTRY EXPERTS     207

14.2         DISCUSSION GUIDE        208

14.3         KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                210

14.4         CUSTOMIZATION OPTIONS        212

14.4.1      ELECTRO HYDRAULIC COMPONENTS MARKET, BY EQUIPMENT TYPE AT COUNTRY LEVEL                212

14.4.2      ELECTRO HYDRAULICS MARKET FOR ELECTRIC OFF-HIGHWAY EQUIPMENT, AT COUNTRY LEVEL     212

14.5         RELATED REPORTS         213

14.6         AUTHOR DETAILS           214

LIST OF TABLES

TABLE 1                EXCHANGE RATES, 2021—2024    25

TABLE 2                CONVENTIONAL HYDRAULICS VS. ELECTRO HYDRAULICS: COMPONENT-WISE COMPARISON              47

TABLE 3                NUMBER OF ICE CONSTRUCTION EQUIPMENT TYPES, BY REGION, 2025 (UNITS)              53

TABLE 4                NUMBER OF ELECTRIC CONSTRUCTION EQUIPMENT TYPES, BY REGION,

2025 (UNITS)      53

TABLE 5                NUMBER OF ICE COMPACT CONSTRUCTION EQUIPMENT TYPES, BY REGION,

2025 (UNITS)      54

TABLE 6                NUMBER OF ELECTRIC COMPACT CONSTRUCTION EQUIPMENT TYPES, BY REGION, 2025 (UNITS)                 54

TABLE 7                NUMBER OF AGRICULTURAL TRACTORS EQUIPPED WITH ICE AND ELECTRIC PROPULSION TYPES, BY REGION, 2025 (UNITS)   55

TABLE 8                FORKLIFTS EQUIPPED WITH PROPULSION TYPES, BY REGION, 2025 (UNITS)              57

TABLE 9                MINING EQUIPMENT EQUIPPED WITH PROPULSION TYPES, BY REGION,

2025 (UNITS)      58

TABLE 10              AVERAGE SELLING PRICE OF KEY ELECTROHYDRAULIC COMPONENTS, 2024 (USD)            63

TABLE 11              AVERAGE SELLING PRICE OF KEY COMPONENTS OF ELECTROHYDRAULIC SYSTEMS, BY REGION, 2024 (USD)          64

TABLE 12              ROLE OF COMPANIES IN ECOSYSTEM    66

TABLE 13              PATENTS PUBLISHED, 2017–2024               69

TABLE 14              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 71

TABLE 15              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           71

TABLE 16              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 72

TABLE 17              KEY CONFERENCES & EVENTS, 2025–2026                 72

TABLE 18              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TYPE (%)  73

TABLE 19              KEY BUYING CRITERIA FOR HYDRAULIC SYSTEMS, BY TYPE          74

TABLE 20              HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY TYPE,

2021–2024 (UNITS)            77

TABLE 21              HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY TYPE,

2025–2032 (UNITS)            78

TABLE 22              CONVENTIONAL HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY REGION, 2021–2024 (UNITS)  78

TABLE 23              CONVENTIONAL HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY REGION, 2025–2032 (UNITS)  79

TABLE 24              ELECTRIC HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION,  2021–2024 (UNITS)                 80

TABLE 25              ELECTRIC HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION,  2025–2032 (UNITS)                 80

TABLE 26              ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY PROPULSION,  2021–2024 (UNITS)                 81

TABLE 27              ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY PROPULSION,  2025–2032 (UNITS)                 81

TABLE 28              ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY EQUIPMENT TYPE, 2021–2024 (UNITS)                84

TABLE 29              ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY EQUIPMENT TYPE, 2025–2032 (UNITS)                85

TABLE 30              EXCAVATORS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY REGION, 2021–2024 (UNITS)  86

TABLE 31              EXCAVATORS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY REGION, 2025–2032 (UNITS)  86

TABLE 32              WHEEL LOADERS & SKID STEER LOADERS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION, 2021–2024 (UNITS)      87

TABLE 33              WHEEL LOADERS & SKID STEER LOADERS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION, 2025–2032 (UNITS)      87

TABLE 34              AGRICULTURAL TRACTORS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION, 2021–2024 (UNITS)         88

TABLE 35              AGRICULTURAL TRACTORS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION, 2025–2032 (UNITS)         88

TABLE 36              BACKHOE LOADERS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,  BY REGION, 2021–2024 (UNITS)      89

TABLE 37              BACKHOE LOADERS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,  BY REGION, 2025–2032 (UNITS)      89

TABLE 38              ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY COMPONENT,  2021–2024 (THOUSAND UNITS)      92

TABLE 39              ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY COMPONENT,  2025–2032 (THOUSAND UNITS)      92

TABLE 40              HYDRAULIC PUMPS: ELECTRO-HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,  BY REGION, 2021–2024 (THOUSAND UNITS)             94

TABLE 41              HYDRAULIC PUMPS: ELECTRO-HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,  BY REGION, 2025–2032 (THOUSAND UNITS)             94

TABLE 42              CONTROL VALVES: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,  BY REGION, 2021–2024 (THOUSAND UNITS)             96

TABLE 43              CONTROL VALVES: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,  BY REGION, 2025–2032 (UNITS)      96

TABLE 44              ELECTRIC MOTORS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,  BY REGION, 2021–2024 (THOUSAND UNITS)             97

TABLE 45              ELECTRIC MOTORS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,  BY REGION, 2025–2032 (THOUSAND UNITS)             98

TABLE 46              HYDRAULIC CYLINDERS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION, 2021–2024 (THOUSAND UNITS)                99

TABLE 47              HYDRAULIC CYLINDERS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION, 2025–2032 (THOUSAND UNITS)                99

TABLE 48              SENSORS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY REGION, 2021–2024 (THOUSAND UNITS)         101

TABLE 49              SENSORS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY REGION, 2025–2032 (THOUSAND UNITS)         101

TABLE 50              ELECTRONIC CONTROL UNIT (ECU): ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION, 2021–2024 (THOUSAND UNITS)                103

TABLE 51              ELECTRONIC CONTROL UNIT (ECU): ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION, 2025–2032 (THOUSAND UNITS)                103

TABLE 52              PROGRAMMABLE LOGIC CONTROLLER (PLC): ELECTRO HYDRAULICS MARKET FOR  OFF-HIGHWAY EQUIPMENT, BY REGION, 2021–2024 (THOUSAND UNITS)                 105

TABLE 53              PROGRAMMABLE LOGIC CONTROLLER (PLC): ELECTRO HYDRAULICS MARKET FOR  OFF-HIGHWAY EQUIPMENT, BY REGION, 2025–2032 (THOUSAND UNITS)                 105

TABLE 54              ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY COMPONENT,

2021–2024 (THOUSAND UNITS)  107

TABLE 55              ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY COMPONENT,

2025–2032 (THOUSAND UNITS)  108

TABLE 56              HYDRAULIC PUMPS: ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY REGION,  2021–2024 (THOUSAND UNITS) 108

TABLE 57              HYDRAULIC PUMPS: ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY REGION,  2025–2032 (THOUSAND UNITS) 109

TABLE 58              CONTROL VALVES: ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY REGION,  2021–2024 (THOUSAND UNITS) 109

TABLE 59              CONTROL VALVES: ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY REGION,  2025–2032 (THOUSAND UNITS) 110

TABLE 60              ELECTRIC MOTORS: ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY REGION,  2021–2024 (THOUSAND UNITS) 110

TABLE 61              ELECTRIC MOTORS: ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY REGION,  2025–2032 (THOUSAND UNITS) 110

TABLE 62              HYDRAULIC CYLINDERS: ELECTRO HYDRAULICS MARKET FOR FORKLIFTS,

BY REGION, 2021–2024 (THOUSAND UNITS)         111

TABLE 63              HYDRAULIC CYLINDERS: ELECTRO HYDRAULICS MARKET FOR FORKLIFTS,

BY REGION, 2025–2032 (THOUSAND UNITS)         111

TABLE 64              SENSORS: ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY REGION,

2021–2024 (THOUSAND UNITS)  112

TABLE 65              SENSORS: ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY REGION,

2025–2032 (THOUSAND UNITS)  112

TABLE 66              ELECTRONIC CONTROL UNIT (ECU): ELECTRO-HYDRAULICS MARKET FOR FORKLIFTS,  BY REGION, 2021–2024 (THOUSAND UNITS)      113

TABLE 67              ELECTRONIC CONTROL UNIT (ECU): ELECTRO-HYDRAULICS MARKET FOR FORKLIFTS,  BY REGION, 2025–2032 (THOUSAND UNITS)      113

TABLE 68              PROGRAMMABLE LOGIC CONTROLLER (PLC): ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY REGION, 2021–2024 (THOUSAND UNITS)  114

TABLE 69              PROGRAMMABLE LOGIC CONTROLLER (PLC): ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY REGION, 2025–2032 (THOUSAND UNITS)  114

TABLE 70              ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION,  2021–2024 (UNITS)                 118

TABLE 71              ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION,  2025–2032 (UNITS)                 118

TABLE 72              ASIA PACIFIC: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY COUNTRY/REGION, 2021–2024 (UNITS)            122

TABLE 73              ASIA PACIFIC: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY COUNTRY/REGION, 2025–2032 (UNITS)            122

TABLE 74              CHINA: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2021–2024 (UNITS)              123

TABLE 75              CHINA: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2025–2032 (UNITS)              123

TABLE 76              INDIA: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2021–2024 (UNITS)              124

TABLE 77              INDIA: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2025–2032 (UNITS)              125

TABLE 78              JAPAN: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2021–2024 (UNITS)              126

TABLE 79              JAPAN: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2025–2032 (UNITS)              126

TABLE 80              REST OF ASIA PACIFIC: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY EQUIPMENT TYPE, 2021–2024 (UNITS)               127

TABLE 81              REST OF ASIA PACIFIC: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY EQUIPMENT TYPE, 2025–2032 (UNITS)               127

TABLE 82              EUROPE: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY COUNTRY/REGION, 2021–2024 (UNITS)            132

TABLE 83              EUROPE: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY COUNTRY/REGION, 2025–2032 (UNITS)            133

TABLE 84              GERMANY: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2021–2024 (UNITS)              133

TABLE 85              GERMANY: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2025–2032 (UNITS)              134

TABLE 86              FRANCE: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2021–2024 (UNITS)              134

TABLE 87              FRANCE: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2025–2032 (UNITS)              135

TABLE 88              SPAIN: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2021–2024 (UNITS)              135

TABLE 89              SPAIN: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2025–2032 (UNITS)              136

TABLE 90              UK: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2021–2024 (UNITS)              136

TABLE 91              UK: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2025–2032 (UNITS)              137

TABLE 92              REST OF EUROPE: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,  BY EQUIPMENT TYPE, 2021–2024 (UNITS)               137

TABLE 93              REST OF EUROPE: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,  BY EQUIPMENT TYPE, 2025–2032 (UNITS)               138

TABLE 94              AMERICAS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY COUNTRY, 2021–2024 (UNITS)              142

TABLE 95              AMERICAS: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY COUNTRY, 2025–2032 (UNITS)              142

TABLE 96              US: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2021–2024 (UNITS)              143

TABLE 97              US: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2025–2032 (UNITS)              143

TABLE 98              CANADA: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2021–2024 (UNITS)              143

TABLE 99              CANADA: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2025–2032 (UNITS)              144

TABLE 100            MEXICO: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2021–2024 (UNITS)              144

TABLE 101            MEXICO: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2025–2032 (UNITS)              145

TABLE 102            BRAZIL: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2021–2024 (UNITS)              145

TABLE 103            BRAZIL: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY EQUIPMENT TYPE, 2025–2032 (UNITS)              146

TABLE 104            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025        147

TABLE 105            REGION FOOTPRINT     154

TABLE 106            TYPE FOOTPRINT            155

TABLE 107            COMPONENT FOOTPRINT          156

TABLE 108            EQUIPMENT TYPE FOOTPRINT 157

TABLE 109            OFF-HIGHWAY EQUIPMENT MODELS EQUIPPED WITH ELECTROHYDRAULIC SYSTEMS             160

TABLE 110            KEY SUPPLIERS OF ELECTROHYDRAULIC COMPONENTS  161

TABLE 111            ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT: PRODUCT LAUNCHES/DEVELOPMENTS, JUNE 2021– MARCH 2025  163

TABLE 112            ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT: DEALS,

JUNE 2021–MARCH 2025 164

TABLE 113            ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT: EXPANSION, JUNE 2021–MARCH 2025                 165

TABLE 114            ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT: OTHER DEVELOPMENTS, JUNE 2021–MARCH 2025       166

TABLE 115            BOSCH REXROTH AG: COMPANY OVERVIEW                 167

TABLE 116            BOSCH REXROTH AG: PRODUCTS OFFERED                 168

TABLE 117            BOSCH REXROTH AG: PRODUCT LAUNCHES/DEVELOPMENTS    169

TABLE 118            BOSCH REXROTH AG: DEALS     169

TABLE 119            BOSCH REXROTH AG: EXPANSION           170

TABLE 120            DANFOSS: COMPANY OVERVIEW              171

TABLE 121            DANFOSS: PRODUCTS OFFERED               172

TABLE 122            DANFOSS: DEALS             173

TABLE 123            DANFOSS: EXPANSION  173

TABLE 124            PARKER HANNIFIN CORP: COMPANY OVERVIEW          175

TABLE 125            PARKER HANNIFIN CORP: PRODUCTS OFFERED                 176

TABLE 126            PARKER HANNIFIN CORP: PRODUCT LAUNCHES/DEVELOPMENTS    177

TABLE 127            PARKER HANNIFIN CORP: DEALS             177

TABLE 128            PARKER HANNIFIN CORP: EXPANSION  177

TABLE 129            AB VOLVO: COMPANY OVERVIEW           179

TABLE 130            AB VOLVO: PRODUCTS OFFERED            180

TABLE 131            AB VOLVO: PRODUCT LAUNCHES/DEVELOPMENTS    181

TABLE 132            AB VOLVO: DEALS           181

TABLE 133            NOTT COMPANY: COMPANY OVERVIEW                 183

TABLE 134            NOTT COMPANY: PRODUCTS OFFERED                 183

TABLE 135            NOTT COMPANY: PRODUCT LAUNCHES/DEVELOPMENTS    184

TABLE 136            NOTT COMPANY: DEALS              184

TABLE 137            NOTT COMPANY: EXPANSION  184

TABLE 138            NOTT COMPANY: OTHER DEVELOPMENTS                 185

TABLE 139            POCLAIN: COMPANY OVERVIEW              186

TABLE 140            POCLAIN: PRODUCTS OFFERED               186

TABLE 141            POCLAIN: PRODUCT LAUNCHES/DEVELOPMENTS    186

TABLE 142            POCLAIN: EXPANSION  187

TABLE 143            WALVOIL S.P.A.: COMPANY OVERVIEW 188

TABLE 144            WALVOIL S.P.A.: PRODUCTS OFFERED  188

TABLE 145            WALVOIL S.P.A.: PRODUCT LAUNCHES/DEVELOPMENTS    189

TABLE 146            WALVOIL S.P.A.: EXPANSION      189

TABLE 147            LHY POWERTRAIN GMBH & CO. KG.: COMPANY OVERVIEW          190

TABLE 148            LHY POWERTRAIN GMBH & CO. KG.: PRODUCTS OFFERED             190

TABLE 149            LHY POWERTRAIN GMBH & CO. KG.: PRODUCT LAUNCHES/DEVELOPMENTS    191

TABLE 150            POWER-PACKER EUROPA B.V.: COMPANY OVERVIEW          192

TABLE 151            POWER-PACKER EUROPA B.V.: PRODUCTS OFFERED             192

TABLE 152            KAWASAKI PRECISION MACHINERY LTD: COMPANY OVERVIEW   193

TABLE 153            KAWASAKI PRECISION MACHINERY LTD: PRODUCTS OFFERED    193

TABLE 154            HYDAC INTERNATIONAL GMBH: COMPANY OVERVIEW          194

TABLE 155            HAWE HYDRAULIK SE: COMPANY OVERVIEW                 195

TABLE 156            BUCHER HYDRAULICS: COMPANY OVERVIEW                 196

TABLE 157            HELIOS TECHNOLOGIES: COMPANY OVERVIEW                 197

TABLE 158            KYB CORPORATION: COMPANY OVERVIEW                 198

TABLE 159            HUSCO INTERNATIONAL, INC.: COMPANY OVERVIEW          199

TABLE 160            DELTA POWER COMPANY: COMPANY OVERVIEW          200

TABLE 161            ARGO-HYTOS GROUP AG: COMPANY OVERVIEW          201

TABLE 162            YUKEN KOGYO CO., LTD.: COMPANY OVERVIEW          202

TABLE 163            JIANGSU HENGLI HYDRAULIC CO., LTD.: COMPANY OVERVIEW   203

LIST OF FIGURES

FIGURE 1              RESEARCH DESIGN         27

FIGURE 2              RESEARCH METHODOLOGY MODEL      28

FIGURE 3              BREAKDOWN OF PRIMARY INTERVIEWS                 30

FIGURE 4              RESEARCH METHODOLOGY: HYPOTHESIS BUILDING           31

FIGURE 5              BOTTOM-UP APPROACH FOR ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT (BY EQUIPMENT TYPE, COMPONENT TYPE, COUNTRY LEVEL, AND REGION)              32

FIGURE 6              DATA TRIANGULATION                33

FIGURE 7              DEMAND- AND SUPPLY-SIDE FACTOR ANALYSIS            34

FIGURE 8              ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT OVERVIEW         36

FIGURE 9              ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY REGION,

2025 VS. 2032 (UNITS)     37

FIGURE 10            ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY EQUIPMENT TYPE, 2025 VS. 2032 (UNITS)                38

FIGURE 11            INCREASING DEMAND FOR FUEL EFFICIENCY, PRECISION, AND ENERGY SAVINGS IN OFF-HIGHWAY EQUIPMENT TO DRIVE MARKET               40

FIGURE 12            EXCAVATORS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       41

FIGURE 13            CONTROL VALVES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       41

FIGURE 14            CONVENTIONAL SEGMENT TO ACCOUNT FOR LARGER SHARE THAN ELECTRIC SEGMENT DURING FORECAST PERIOD                42

FIGURE 15            ICE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         42

FIGURE 16            CONTROL VALVES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       43

FIGURE 17            EUROPE TO BE DOMINANT REGION DURING FORECAST PERIOD         43

FIGURE 18            ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES     45

FIGURE 19            CONSTRUCTION EQUIPMENT: ICE VS. ELECTRIC, 2025 (UNITS)                54

FIGURE 20            COMPACT CONSTRUCTION EQUIPMENT: ICE VS. ELECTRIC, 2025 (UNITS)        55

FIGURE 21            AGRICULTURAL TRACTORS: ICE VS. ELECTRIC, 2025 (UNITS)      56

FIGURE 22            FORKLIFTS: ICE VS. ELECTRIC, 2025 (UNITS)                 57

FIGURE 23            MINING EQUIPMENT: ICE VS. ELECTRIC, 2025 (UNITS)                58

FIGURE 24            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   63

FIGURE 25            AVERAGE SELLING PRICE OF ELECTROHYDRAULIC COMPONENTS,  2024 (USD)         64

FIGURE 26            AVERAGE SELLING PRICE OF KEY COMPONENTS OF ELECTROHYDRAULIC SYSTEMS, BY REGION, 2024 (USD)          65

FIGURE 27            ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT ECOSYSTEM      65

FIGURE 28            ECOSYSTEM ANALYSIS  66

FIGURE 29            SUPPLY CHAIN ANALYSIS             67

FIGURE 30            PATENTS GRANTED, 2013–2024  68

FIGURE 31            INVESTMENT & FUNDING SCENARIO, 2021–2025 (USD BILLION) 70

FIGURE 32            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TYPE          73

FIGURE 33            KEY BUYING CRITERIA FOR HYDRAULIC SYSTEMS, BY TYPE          74

FIGURE 34            SALES AND PERCENTAGE ADOPTION OF ELECTRO HYDRAULICS IN OFF-HIGHWAY EQUIPMENT 75

FIGURE 35            HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY TYPE,

2025 VS. 2032 (UNITS)     77

FIGURE 36            ELECTRO HYDRAULICS MARKET, BY PROPULSION, 2025 VS. 2032 (UNITS)        81

FIGURE 37            ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT, BY EQUIPMENT TYPE, 2025 VS. 2032 (UNITS)                84

FIGURE 38            ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,  BY COMPONENT, 2025 VS. 2032 (THOUSAND UNITS)      91

FIGURE 39            ELECTRO HYDRAULICS MARKET FOR FORKLIFTS, BY COMPONENT,

2025 VS. 2032 (THOUSAND UNITS)            107

FIGURE 40            EUROPE TO LEAD MARKET DURING FORECAST PERIOD                117

FIGURE 41            ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      119

FIGURE 42            ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024–2026 (USD)                120

FIGURE 43            ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY,

2024–2026              120

FIGURE 44            ASIA PACIFIC: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP,

2024 (USD TRILLION)     121

FIGURE 45            ASIA PACIFIC: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT,

BY COUNTRY/REGION, 2025 VS. 2032 (UNITS)     122

FIGURE 46            EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      129

FIGURE 47            EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026        129

FIGURE 48            EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY,

2024–2026              130

FIGURE 49            EUROPE: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP,

2024 (USD TRILLION)     130

FIGURE 50            EUROPE: ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT SNAPSHOT                132

FIGURE 51            AMERICAS: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      139

FIGURE 52            AMERICAS: GDP PER CAPITA, BY COUNTRY, 2024–2026 (USD)                140

FIGURE 53            AMERICAS: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY,

2024–2026              140

FIGURE 54            AMERICAS: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP,

2024 (USD TRILLION)     141

FIGURE 55            AMERICAS: ELECTRO HYDRAULICS MARKET SNAPSHOT          141

FIGURE 56            MARKET RANKING OF MANUFACTURERS OF KEY ELECTRO HYDRAULICS, 2024             149

FIGURE 57            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024 (USD BILLION)             151

FIGURE 58            ELECTRO HYDRAULICS MARKET FOR OFF-HIGHWAY EQUIPMENT: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  152

FIGURE 59            COMPANY FOOTPRINT 153

FIGURE 60            COMPANY VALUATION, 2024 (USD BILLION)                 158

FIGURE 61            FINANCIAL METRICS, 2024            158

FIGURE 62            BRAND/PRODUCT COMPARISON             159

FIGURE 63            BOSCH REXROTH AG.: COMPANY SNAPSHOT                 168

FIGURE 64            DANFOSS: COMPANY SNAPSHOT             172

FIGURE 65            PARKER HANNIFIN CORP: COMPANY SNAPSHOT          176

FIGURE 66            AB VOLVO: COMPANY SNAPSHOT           180