Top Electro Hydraulics Companies

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 major drivers of the market are the need for improved efficiency and precision and the shortage of skilled labor. The rising demand for fuel-efficient, controlled, and precise hydraulic systems is expected to drive market growth in the coming years.

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The key players in the electro hydraulics market for off-highway equipment are Bosch Rexroth (Germany), Danfoss (Denmark), Parker Hannifin (US), AB Volvo (Sweden), and Nott Company (US). These players have adopted product developments, collaborations, expansion, and partnerships to strengthen their presence in the market.

Bosch Rexroth has been focusing on product developments, acquisitions, and expansion strategies, to strengthen its position in the global electro hydraulics market for off-highway equipment. In February 2023, Bosch Rexroth AG (Germany) completed the acquisition of HydraForce, Inc. (UK) to focus on compact hydraulics. Compact hydraulics refers to using smaller, lightweight hydraulic components and systems, often focusing on optimizing space. The acquisition strengthened the company’s footprint in North America and helped it achieve more balanced European coverage. This improved geographical presence is expected to help the company expand its global presence in the hydraulics business.

Additionally, in December 2023, the company began expanding its manufacturing plant in Mexico to increase its production capacity for automation and hydraulic units. This unit is responsible for manufacturing hydraulic pumps, motors, and valves. The size of this new factory will be 42,000 sq. meters. The company invested USD 173 million for this expansion, which is expected to be completed by 2027.

Danfoss has been focusing on partnerships and expansion strategies to strengthen its position in the global electro hydraulics market for off-highway equipment. In March 2025, Danfoss Drives A/S (Denmark) and Innomotics GmbH (Germany) announced their partnership at HANNOVER MESSE. This partnership was aimed at meeting the growing demand for hydraulic solutions, such as motors and drive solutions, ensuring customers receive high-quality, efficient, and compatible products. In Minden, Germany, the company also expanded its manufacturing unit to focus on electrohydraulic components, such as sensors. Through this expansion, the company increased the plant’s production capacity by 130%. Danfoss also has one of the widest product offerings for hydraulic systems. It offers hydraulic cylinders, control valves, electric motors, and electronic controls, such as advanced joysticks, foot pedals, and operator interfaces.

AB Volvo has been focusing on product/service launches to maintain its position in the global electro hydraulics market for off-highway equipment. In February 2025, the company launched the Hydraulic Hybrid Technology for its construction equipment. This technology stores excess hydraulic energy and reuses it to power hydraulic functions, reducing its reliance on the energy needed for excavation operations. The technology will be equipped in EC260 Hybrid, EC300 Hybrid, EC370 Hybrid, EC400 Hybrid and EC500 Hybrid excavators. Additionally, in June 2024, the company introduced its Independent Metering Valve Technology (IMVT), an advanced electro hydraulic system that replaces traditional mechanical valve architecture with electronically controlled valves. IMVT allows independent control of each hydraulic actuator. The use of this technology would result in increased fuel efficiency by 25%.

Related Reports:

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

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