Hydraulic Cylinder Market Size, Industry Growth, Market Scenario, Opportunity, and Industry Expansion Strategies to 2030

Market Size – USD 14.30 Billion in 2021, Market Growth – at a CAGR of 4.0%, Market Trends – Significant government investments in transforming the agriculture sector in various countries

Posted 2 лет назад in Новости и политика.

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The global Hydraulic Cylinder industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The global hydraulic cylinder market size was USD 14.30 Billion in 2021 and is expected to register a revenue CAGR of 4% during the forecast period, according to latest analysis by Emergen Research. Increasing application of hydraulic cylinders in heavy equipment employed during construction activities and increasing urbanization in emerging , such as India, China, and others, are major factors driving market revenue growth. In addition, the shipping industry is a major consumer of hydraulic cylinders due to its advantages associated with lifting heavy loads, which is another factor driving market revenue growth. Ongoing construction activities in various countries are gradually becoming more complex due to technicalities associated with it. Although, there had been a significant decline in construction activities during COVID-19 pandemic, but the market has regained its momentum as lockdown and trade restrictions have been lifted. Moreover, increasing support from governments in various countries has prompted this industry to rapidly adopt advanced construction equipment and develop sustainable infrastructure projects. In the construction industry, hydraulic cylinders are readily incorporated in machinery such as excavators, trenchers, road construction planners, and others. Furthermore, increasing preference is mainly due to their excellent resistance against corrosion, extreme temperatures, and weather changes. In shipping applications, hydraulic cylinders’ aid in lifting compartments that weigh around 30 to 42 tons.

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Competitive Outlook: The leading companies operating in the Hydraulic Cylinder market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Hydraulic Cylinder Market and Profiled in the Report are:

Enerpac Tool Group, Bosch Rexroth AG, Caterpillar, Eaton, KYB Corporation, Parker Hannifin Corp, SMC Corporation, Hengli hydraulic, Hydac International GmbH, Standex International Corporation, Texas Hydraulics, and Weber-Hydraulic GmbH

Objectives of the Report:

  • Study of the global Hydraulic Cylinder market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
  • Industrial structure analysis of the Hydraulic Cylinder market by identification of various sub-segments
  • Extensive analysis of key market players along with their SWOT analysis
  • Competitive landscape benchmarking
  • Analysis of Hydraulic Cylinder market based on growth trends, futuristic outlook, and contribution to the total growth of the market
  • Analysis of drivers, constraints, opportunities, challenges, and risks in the global Hydraulic Cylinder market
  • Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

  • Function Outlook (Revenue, USD Billion; 2019-2030)

    • Double-Acting Hydraulic Cylinders
    • Single-Acting Hydraulic Cylinders
  • Specification Outlook (Revenue, USD Billion; 2019-2030)

    • Welded Cylinders
    • Tie Rod Cylinders
    • Telescopic Cylinders
    • Mill Type Hydraulic Cylinders
  • Industry Outlook (Revenue, USD Billion; 2019-2030)

    • Construction
    • Automotive
    • Oil & Gas
    • Others

Hydraulic Cylinder Market Segmentation by Regions:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

 

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