U.S.: Market for Fluid Power Pumps And Motors 2024

Market Size for Fluid Power Pumps And Motors in the U.S.

For the third consecutive year, the U.S. market for fluid power pumps and motors recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption showed a prominent expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Production of Fluid Power Pumps And Motors in the U.S.

In value terms, fluid power pump and motor production dropped modestly to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. Fluid power pump and motor production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Fluid Power Pumps And Motors

Exports from the U.S.

In 2022, exports of fluid power pumps and motors from the United States expanded significantly to X units, surging by X% on the year before. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, fluid power pump and motor exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X units), Canada (X units) and Brazil (X units) were the main destinations of fluid power pump and motor exports from the United States, together comprising X% of total exports. Germany, China, the UK, Australia, Japan, Guyana, Argentina, the United Arab Emirates, Chile and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guyana (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fluid power pump and motor exported from the United States were Canada ($X), Mexico ($X) and Germany ($X), together accounting for X% of total exports. China, Brazil, Australia, the UK, Japan, Chile, the United Arab Emirates, Argentina, Saudi Arabia and Guyana lagged somewhat behind, together comprising a further X%.

Guyana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for fluid power pumps and motors amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Guyana ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced a decline.

Imports of Fluid Power Pumps And Motors

Imports into the U.S.

In 2022, supplies from abroad of fluid power pumps and motors increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, fluid power pump and motor imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Mexico (X units), China (X units) and Japan (X units) were the main suppliers of fluid power pump and motor imports to the United States, with a combined X% share of total imports. Canada, Germany, Italy, India and South Korea lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Japan ($X) and Germany ($X) were the largest fluid power pump and motor suppliers to the United States, together comprising X% of total imports. China, Canada, Italy, India and South Korea lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for fluid power pumps and motors stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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