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Market Overview

The Vietnam fluid power equipment market reached a size of USD 207.60 Million in 2024 and is projected to reach USD 350.74 Million by 2033, growing at a CAGR of 6.00% during the forecast period of 2025-2033. Growth is driven by rising industrial automation and infrastructure development across manufacturing, construction, and agricultural sectors, supported by government modernization efforts and foreign investments.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Vietnam Fluid Power Equipment Market Key Takeaways

• Current Market Size: USD 207.60 Million in 2024
• CAGR: 6.00%
• Forecast Period: 2025-2033
• Vietnam’s infrastructure expansion, especially in construction and transportation sectors, is fueling demand for fluid power equipment, particularly hydraulic systems.
• Government initiatives and foreign investments are driving industrial modernization and the adoption of fluid power technologies across manufacturing and energy industries.
• Technological innovations such as smart sensors and digital controls enhance equipment reliability, efficiency, and operational cost savings.
• The use of advanced materials and manufacturing processes is leading to more robust and efficient fluid power components.

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Market Growth Factors

Vietnam actively invests in infrastructure, which increases demand in the fluid power equipment market, as the government builds highways, bridges, and urban centers, which increases demand for hydraulic excavators, cranes, and loaders. In June 2024, the Ministry of Transport used hydraulic equipment more within major national infrastructure projects. Fluid power technology offers with precision, reliability and safety needed to meet tight deadlines and high standards. Infrastructure renewal is near a government priority.

Industrial growth continues to drive demand for fluid power equipment used in manufacturing, construction and energy applications. Government reports in March 2025 indicate important investment into industrial parks and manufacturing facilities make fluid power systems play a key role in automation and process efficiencies. They permit precise control of force and movement in heavy machinery, increasing system performance and quality of product. The mechanization, automation, and modernization of factories and industrial activities in Vietnam have resulted in the common adoption of modern fluid power technology.

Fluid power equipment develops and increases in energy efficiency and reliability with advanced technologies such as smart sensors and digital controls for real-time monitoring, predictive maintenance, and improved precision in fluid power applications. This reduces downtime energy and operating costs. Also lighter more durable components can be manufactured. This in turn will improve the system's performance with flexibility. These advances will help upgrade equipment. These advances will improve manufacturing and construction technologies. These advances better enable Vietnam to compete with regional rivals.

Market Segmentation

Product Insights:

• Hydraulics: Fluid power systems utilizing liquid under pressure to transmit force, widely used in heavy equipment for precise motion control.
• Pneumatics: Systems using compressed air or gas to generate mechanical motion, favored for lighter applications and automation processes.
• Others: Additional fluid power products outside hydraulics and pneumatics including specialized or emerging technologies.

Component Insights:

• Pumps: Devices that move fluid to create flow and pressure essential for hydraulic systems.
• Motors: Components that convert hydraulic or pneumatic energy into mechanical motion.
• Valves: Control devices regulating fluid flow and pressure within fluid power systems.
• Cylinder: Actuators that produce linear motion and force using fluid pressure.
• Accumulators and Filters: Equipment that store energy and maintain fluid cleanliness enhancing system performance.
• Others: Additional fluid power components not classified under the main categories.

End User Insights:

• Agricultural: Application of fluid power equipment for farming machinery and irrigation systems.
• Aerospace: Usage in aircraft systems requiring precise hydraulic and pneumatic control.
• Automotive: Integration of fluid power technologies in vehicle manufacturing and assembly.
• Construction: Use in heavy machinery like excavators and loaders for infrastructure development.
• Others: Various other industries employing fluid power equipment.

Regional Insights

The market encompasses three major regions: Northern Vietnam, Central Vietnam, and Southern Vietnam. The report does not specify the dominant region or detailed regional statistics. The regional segmentation highlights the market’s comprehensive coverage across the country’s geographical zones to support targeted growth strategies.

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Customization Note

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