In 2023, India imported hydraulic power engines and motors (excluding linear acting) totaling 8.9 million kilograms. Forecasts indicate a steady increase in this figure, reaching 11.057 million kilograms by 2028. The year-on-year growth from 2024 to 2028 reflects a consistent upward trend, with the highest import value expected in 2028. Notably, the compound annual growth rate (CAGR) over these five years showcases a continuous demand for these components.
Future trends to watch for:
- Technological advancements driving demand for hydraulic systems in India
- Evolving industrial applications that could further boost imports
- Potential policy changes impacting import dynamics
