Hydraulic Cylinder Market:
Growth opportunities in the Hydraulic Cylinder Market look promising over the next six years. This is mainly due to the constant technological expansion, less energy usage, and , resistance to harsh conditions.
Hydraulic Cylinder Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the drivers responsible for the growth of the global hydraulic cylinder market include swift, augmented precision and reliability coupled with enhanced effectiveness and power generation. Also, rapid industrialization and expansion of infrastructure in several developing countries are strengthening the hydraulic cylinder market size. Moreover, the ongoing research and development activities, along with the technological innovations, will stimulate market growth. Furthermore, low power consumption, resilience against severe conditions, flexibility, dependability, and security involved with such cylinders will raise the market demand. However, the excessive maintenance and production cost with the leakage problem will hamper the market growth.
Industry Segment Drivers
Based on industry, agriculture is predicted to expand with a higher CAGR in the market over the forecast period. This is primarily attributed to the increasing demand for this equipment in agricultural-based countries, including Nepal, India, and Myanmar, where the production of wheat, rice, cotton, and sugarcane is accelerating to meet the export demands from the US, Germany, Hong Kong, and Vietnam. This has augmented the demand in machines and equipment for precision agriculture which will supplement the market growth.
Function Segment Drivers
Based on function, double-acting hydraulic cylinders are expected to witness a faster CAGR during the forecast period. This is owing to their rising implementation in agriculture and automotive because of their recreational property. These cylinders are extensively used in mobile applications such as telescopic loaders, lifting and earth moving equipment, tractors, harvesters, forklifts, and heavy trucks.
Regional Coverage
Based on the regional coverage, Asia-Pacific is projected to dominate the market over the forecast period. This is owing to the constant enlargement in infrastructure and swift industrialization. Also, the mounting demand in the construction and agricultural sector will bolster the market growth.
Hydraulic Cylinder Market’s leading Manufacturers:
- Hydac
- Jiangsu Hengli Hydraulic
- Parker Hannifin
- Eaton Corporation
- Bosch Rexroth
- Wipro Enterprises
- Actuant Corporation
- SMC Corporation
- KYB Corporation
- Caterpillar Inc.
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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