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Hydraulic Cylinders Market

Hydraulic Cylinders Market

Hydraulic Cylinders Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

144

Base Year:

2022

Date

Apr - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1481

Segments Covered
  • By Function By Function Single-acting, Double-acting
  • By Specification By Specification Welded, Tie Rod, Telescopic, Mill Type
  • By Application By Application Industrial, Mobile
  • By Bore Size By Bore Size <50 MM, 50–150 MM, >150 MM
  • By Industry By Industry Construction, Aerospace, Material Handling, Agriculture, Mining, Automotive, Marine, Oil & Gas, Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 14.57 Billion
Revenue 2030Revenue 2030: USD 20.09 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 4.10%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Hydraulic Cylinders Market Share

Market Synopsis:

The Global Hydraulic Cylinders Market is valued at USD 14.57 Billion in the year 2022 and is projected to reach a value of USD 20.09 Billion by the year 2030. The Global Market is expected to exhibit a Compound Annual Growth Rate (CAGR) of 4.10% over the forecast period.

The Hydraulic Cylinder is a piece of mechanical equipment that is used to apply a unidirectional force via a unidirectional stroke. It is used to translate mechanical force into linear motion. Increased investment in infrastructure-related and building activities, which raises demand for Hydraulic Cylinders for material handling equipment, supports market expansion. The rising need for material handling equipment to meet the needs of the automotive, construction, engineering, manufacturing, and mining sectors is predicted to boost the worldwide Hydraulic Cylinders’ market potential.

Hydraulic Cylinders Market Size, 2022 To 2030 (USD Billion)

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However, fluctuations in raw material costs and an increase in leak concerns are expected to hamper the growth of the worldwide Hydraulic Cylinders’ market. Conversely, increased automation and industrialization are expected to give profitable chances for market expansion. Because of their rising acceptance in the construction and material handling industries, government measures to resuscitate infrastructural projects across countries have contributed to drive up demand for Hydraulic Cylinders. Increased farm mechanization across regions, especially in APAC, as well as global expansions in mining exploration operations, have all contributed to the Hydraulic Cylinders market's growth.

Market Segmentation:

The Hydraulic Cylinders Market is segmented on the basis of Function, specification, Industry, Application and Bore size. Based on Function, the market is divided as Single-acting and Double-acting. Based on Specification, the market is divided as Welded, Tie Rod, Telescopic and Mill Type. Based on Industry, the market is divided Construction, Aerospace, Material Handling, Agriculture, Mining, Automotive, Marine, Oil & Gas and Others. Based on Application, the market is divided as Industrial and Mobile. Based on Bore size, the market is divided as <50 MM, 50–150 MM and >150 MM.

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Based on Function:

Based on function, the market is divided into Single-acting and Double-acting. During the projected period, the double-acting category is likely to occupy a greater proportion of the Hydraulic Cylinders market. These cylinders are employed in aircraft, automotive, agricultural, and a variety of other sectors due to their ability to retract. Mobile applications like as lifting equipment, earth moving equipment, forklifts, and heavy vehicles have a larger need for these cylinders. Double-acting Hydraulic Cylinders are useful for opening and closing drawers in presses and chippers, as well as all forms of lifting and lowering equipment such as excavators and cranes. The single acting Hydraulic Cylinders business is also expanding. Growing by demand for material handling equipment in the food & beverage industry to create linear motion for the conveyor belts and assembly lines will drive the installation for these products.

Function

Based on Application:

Based on the Application, the market is divided into Industrial and Mobile. Mobile Equipment to Hold Larger Share of Hydraulic Cylinders Market during Forecast Period. Hydraulic Cylinders are required for the operation of mobile equipment such as excavators, loaders, and cranes. Hydraulic Cylinders are used in a variety of mobile equipment industries, including earthmoving, material handling, mining, and military. The growth in industrialization and building activities will drive up demand for Hydraulic Cylinders in mobile applications even more.

Asia Pacific is projected to acquire the largest market share during the year 2021:

Asia Pacific dominates the Global Hydraulic Cylinders Market with a market share of 40.20% owing to become the hub for Western markets to outsource the manufacture of their Hydraulic Cylinders. In the last five years, the fast- rising emerging economies, primarily China and India in terms of both economy and infrastructure, have greatly raised demand for Hydraulic Cylinders. In the Asia-Pacific area, India and China are the two most important markets for Hydraulic Cylinders. The region's market growth is linked to a developing economy, strong industrialization, and a rise in government programs and initiatives.

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Competitive Landscape:

Key players operating in the global In-Dash Navigation System Market include Parker-Hannifin Corporation (US), Caterpillar (US), KYB Corporation (Japan), Bosch Rexroth (Germany), Eaton (Ireland), Enerpac Tool Group (US), SMC Corporation (Japan), HYDAC (Germany), Wipro Enterprises (India), Jiangsu Hengli Hydraulic Co., Ltd. (China) and others.

Segmentation of Global Hydraulic Cylinders Market:

Parameter Details
Segments Covered
  • Function (Single-acting, Double-acting)
  • Specification (Welded, Tie Rod, Telescopic, Mill Type)
  • Application (Industrial, Mobile)
  • Bore Size (<50 MM, 50–150 MM, >150 MM)
  • Industry (Construction, Aerospace, Material Handling, Agriculture, Mining, Automotive, Marine, Oil & Gas, Others)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Parker-Hannifin Corporation (US)
  • Caterpillar (US)
  • KYB Corporation (Japan)
  • Bosch Rexroth (Germany)
  • Eaton (Ireland)
  • Enerpac Tool Group (US)
  • SMC Corporation (Japan)
  • HYDAC (Germany)
  • Wipro Enterprises (India)
  • Jiangsu Hengli Hydraulic Co. Ltd. (China)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
Pricing and purchase options Avail of customized purchase options to meet your exact research needs. Explore purchase options

From the period 2022 to 2028, the Global Hydraulic Cylinders Market is expected to reach USD 18.15 Billion in terms of revenue, growing at a Compound Annual Growth Rate (CAGR) of 4.20%. The rising demand for heavy construction and mining vehicles from the construction, mining, and oil & gas sectors ...
FAQ
Frequently Asked Question
  • The global Hydraulic Cylinders valued at USD 14.57 Billion in 2022 and is expected to reach USD 20.09 Billion in 2030 growing at a CAGR of 4.10%.

  • The prominent players in the market are Parker-Hannifin Corporation (US), Caterpillar (US), KYB Corporation (Japan), Bosch Rexroth (Germany), Eaton (Ireland), Enerpac Tool Group (US), SMC Corporation (Japan), HYDAC (Germany), Wipro Enterprises (India), Jiangsu Hengli Hydraulic Co., Ltd. (China).

  • The market is project to grow at a CAGR of 4.10% between 2023 and 2030.

  • The driving factors of the Hydraulic Cylinders include

    • Significant demand from construction industry

  • Asia Pacific was the leading regional segment of the Hydraulic Cylinders in 2022.

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