Christy Publications Axial Piston Motor Market | Page 3

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.