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.
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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.
However, risks associated with internal leakage is a major factor restraining market revenue growth. Hydraulic cylinders mostly operate with oil, therefore, leakage in internal components causes environmental contamination. In addition, industry professionals look for cleaner and safer alternatives, such as pneumatic cylinders and others, because it enables them to adhere to environmental standards implemented by governments in various countries.
The Global Hydraulic Cylinder Market research report is a detailed document outlining the recent advancements and developments in the Hydraulic Cylinder Market business sphere considering 2021 as the base year and 2022-2030 as the forecast timeline. The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.
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Report Objective:
The report offers a complete analysis of the global Hydraulic Cylinder market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreements, and collaborations. 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 and others are some of the top companies profiled in the report.
Regional analysis of the Hydraulic Cylinder market includes analysis of the production and consumption ratio, supply and demand dynamics, regional trends and growth drivers, growth prospects, presence of key manufacturers and vendors, and market size and share in key regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The report further offers key insights into country wise analysis and major factors driving revenue growth of each regional market.
Detailed Regional Analysis Covers:
North America
Canada
U.S.
Mexico
Europe
Germany
Italy
U.K.
Rest of EU
Asia Pacific
India
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
U.A.E
Rest of MEA
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Emergen Research has segmented the global hydraulic cylinder market based on function, specification, industry, and region:
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
Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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