Hydraulic Cylinder Market:
Growth Opportunities in the Hydraulic Cylinder Market look promising over the next six years. This is mainly due to the improved accuracy and precision, increased speed, high efficiency, and power generation, followed by the rapid industrialization and development of infrastructure in several developing countries.
Hydraulic Cylinder Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The improved accuracy and precision, increased speed, followed by high efficiency, and power generation are the key drivers contributing to the growth of the global hydraulic cylinder market share in terms of revenue. The rapid industrialization and development of infrastructure in several developing countries are boosting the demand for hydraulic cylinders. As per the hydraulic cylinder market report, rapid R&D activities and technological advancements in the hydraulic cylinder is projected to surge the growth of the hydraulic cylinder market in the coming years. Factors such as versatility, low power consumption, reliability and safety, resistance to harsh conditions included in such cylinders will fuel the demand for the market. On the other hand, the high cost of manufacturing and maintenance, followed by the leakage issue regarding hydraulic cylinder. Hydraulic cylinders run on hydraulic fluids, specifically on oil. Several factors like inappropriate fittings and connections, coupled with environmental parameters, such as shocks, vibrations, and temperature variations, results in oil leakage in hydraulic cylinders. In industries including construction and mining, which need extensive earthworks and deploying large fixed and mobile plants in an environmentally sensitive location, the issue of leakage persists widely. This leakage is not only exclusive but also hazardous to personnel and the environment.
Regional Drivers
Based on the region, Asia-Pacific is anticipated to grow at a faster CAGR in the coming years due to the rapid development in infrastructure and growing industrialization. The increasing demand for hydraulic cylinders in the construction and agriculture sector is further augmenting the market growth.
Function Segment Drivers
Based on the function, the market is segmented into single-acting hydraulic cylinders and double-acting hydraulic cylinders. Double-acting hydraulic cylinders is expected to lead the market due to the growing usage in automotive, agriculture, and various other sectors owing to their retraction property. Double-acting hydraulic cylinders have increased demand in mobile applications, including tractors, lifting equipment, telescopic loaders, harvesters, forklifts, earth moving equipment, and heavy trucks.
Hydraulic Cylinder Market’s leading Manufacturers:
- Actuant Corporation
- Bosch Rexroth
- Caterpillar Inc.
- Eaton Corporation
- KYB Corporation
- Parker Hannifin
- SMC Corporation
- Jiangsu Hengli Hydraulic
- Wipro Enterprises
- Hydac
Hydraulic Cylinder Market Segmentation:
Segmentation by Function:
- Single-acting hydraulic cylinders
- Double-acting hydraulic cylinders
Segmentation by Specification:
- Welded Cylinder
- Tie-Rod Cylinder
- Telescopic Cylinder
- Mill-Type Cylinder
Segmentation by Application:
- Mobile
- Industrial
Segmentation by Bore Size:
- <50 MM
- 50–150 MM
- >150 MM
Segmentation by Industry:
- Construction
- Aerospace & Defense
- Material Handling
- Agriculture
- Automotive
- Mining
- Oil & Gas
- Marine
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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