An axial piston motor is a positive displacement motor that has a number of pistons in a circular array within a cylinder block. Axial piston motor works with a bent axis design or swash plate principle and is available in both variable and fixed displacement designs. The constant displacement type works as a hydraulic motor and the variable displacement type works as a hydraulic pump.
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.
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In construction fields, axial piston motors find application in equipment such as winches, drill rigs, mobile crushing plants, and plastic injection molding machines as they are compact and less noisy while in operation. Furthermore, axial piston motors are used in other construction related equipment/vehicles such as earth movers, mobile and crawler excavators, bulldozers as well as special civil engineering machines. The reliable and long lasting axial piston motors are used in harvesters, which are suitable for application in the agriculture and forestry sector. These motors are built to withstand and work in the tough environmental conditions. Moreover, these motors increase the efficiency of mobile or stationary equipment. Such wide variety of applications of axial piston motor is expected to propel growth of the market over the forecast period.
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.
High Operational and Maintenance Costs are the Primary Restraining factors for the Growth of Axial Piston Motors Market
Axial piston motor incurs high operating costs as it consumes more electricity. Furthermore, it incurs high maintenance cost due to wearing of mechanical parts such as bearings and other internal parts. These are some of the major restraining factors hindering growth of the axial piston motors market. Moreover, axial piston motors are not easy to carry as they are heavy due to large size and weight, which is also main drawback of these motors. Moreover, exceeding operating limits such as excessive temperature, excessive torque, load, and speed can causes motor failure, which inhibits demand for axial piston motor.
Regional Analysis of Axial Piston Motor Market
North America and Europe are the most dominant regions in the global axial piston motors market. The industrial up-gradation in the region such as automation of the oil and gas industries and ongoing research and development in order to develop better and more energy efficient motors is expected to fuel the growth of the market. In addition to this, the presence of a large number of motor manufacturers such as Danfoss, Parker Hannfin Corporation, and Eaton in the region is also expected to help in the growth of the market. Asia Pacific is expected to witness significant growth in axial piston motor market during the forecast period, owing to development in infrastructure and increasing construction activities. For instance, according to a report by India Brand Equity Foundation (IBEF), the Indian construction equipment industry's revenue is estimated to reach US$ 22.7 billion by 2020.
Key Players in Axial Piston Motor Market
Key players operating in axial piston motors market include, Kawasaki Heavy industries Ltd., Danfoss, Parker Hannifin Corp. (US), Eaton (US), Poclain Hydraulics, Casappa S.p.A, Bosch Rexroth AG, Bondioli & Pavesi S.p.A, HAWE Hydraulics Pvt. Ltd., Sunfab Hydraulics AB, and HANSA-TMP.
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