Growing the Industrial Sector is expected to aid in increasing demand for Axial Piston Motors
Axial piston motors are used in various applications such as industrial, construction, agriculture, and marine equipment. The current growth witnessed by the industrial sector is one of the key drivers, which is fueling growth of the axial piston motors market. For instance, according to a report by the United Nations Industrial Development Organization (released in January 2018), the global industrial output in 2017 rose by 3.2% over the value recorded in 2016 and the manufacturing output of developed nations grew by 1.8%, in 2017. This accounted for over 40% of the global industrial output in 2017. This is owing to a wide variety of applications of axial piston motors in industrial applications such as mechanical factory equipment, material handling equipment, and earthmoving vehicles. Moreover, increase in production and purchase of automobiles worldwide is one of the factors that is contributing to growth of the axial piston motors market. For instance, according to report by Center for Automotive Research (CARGROUP) published in June 2011, the number of vehicles operating in the U.S is expected to be around 284 million by 2025, which is 44 million over the number in 2009. Furthermore, axial piston motors find application within the mining industry, primarily in mining equipment and vehicles. This is owing to the axial piston motor’s capacity to withstand high mechanical loads and rough environmental conditions. These are also used in robust hydraulic components for hydraulic drives, swiveling, and travel drives.
The capability of axial piston motors to generate high torque and high pressure enable their use in water and water management applications. The motors thus, provides the best solution for dealing with water scarcity in village or towns. Axial piston motors are used in the marine industry as their robust design and construction shields the motors components against corrosion, which in turn extends the durability of the motors. Furthermore, the axial piston hydraulic motors work effectively, both onshore and offshore.
Axial Piston Motor Market Report Snapshots
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