Global Hydraulic Cylinder Market

Global Hydraulic Cylinder Market Size, Share, Growth Analysis, By Type(single-acting cylinders and double-acting cylinders), By End User(manufacturing, construction), By Application(industrial machinery, mobile equipment) - Industry Forecast 2023-2030


Report ID: SQMIG20G2035 | Region: Global | Published Date: February, 2024
Pages: 202 | Tables: 95 | Figures: 76

Global Hydraulic Cylinder Market Insights

Global Hydraulic Cylinder Market size was valued at USD 15.32 billion in 2021 and is poised to grow from USD 15.96 billion in 2022 to USD 22.19 billion by 2030, at a CAGR of 4.2% during the forecast period (2023-2030).

The Global Hydraulic Cylinder Market is a dynamic and rapidly evolving industry that encompasses the manufacturing and distribution of hydraulic cylinders used in various applications. Hydraulic cylinders play a crucial role in a wide range of industries, including construction, agriculture, mining, aerospace, automotive, and industrial manufacturing. These cylinders are essential components of hydraulic systems, converting fluid power into linear motion to perform tasks such as lifting, pushing, pulling, and tilting heavy loads. The primary purpose of the hydraulic cylinder market is to provide efficient and reliable power transmission solutions. Hydraulic cylinders enable precise and controlled movement, enhancing productivity, safety, and operational efficiency across industries. With their ability to generate substantial force and withstand heavy loads, hydraulic cylinders are instrumental in lifting heavy machinery, operating construction equipment, controlling agricultural implements, and powering various industrial processes. Several key drivers fuel the growth of the global hydraulic cylinder market. Firstly, the expanding construction and infrastructure development sector, driven by rapid urbanization and industrialization, creates a strong demand for hydraulic cylinders. Construction projects such as high-rise buildings, bridges, and dams require robust lifting and material handling equipment, where hydraulic cylinders play a vital role. Secondly, the growing adoption of automation and mechanization in industries drives the demand for hydraulic cylinders. Industries are increasingly replacing manual labor with automated machinery, leading to a surge in the deployment of hydraulic systems and cylinders for efficient and precise control of movements. Additionally, the agricultural sector relies heavily on hydraulic cylinders for tasks such as plowing, harvesting, and material handling. With the rising global population and the need for increased agricultural productivity, the demand for hydraulic cylinders in the agricultural industry is expected to grow significantly. Despite the positive market outlook, certain factors pose challenges to the hydraulic cylinder market. One significant restraint is the volatility in raw material prices, particularly steel, which is a critical component in hydraulic cylinder manufacturing. Fluctuations in steel prices can impact the cost of production, affecting profit margins for manufacturers and potentially increasing end-user prices.

Moreover, stringent environmental regulations regarding emissions and the focus on sustainable practices may influence the choice of alternative technologies or materials, impacting the growth of hydraulic cylinder demand in some industries. The market is witnessing several key trends that shape its trajectory. One prominent trend is the integration of advanced technologies such as sensors, IoT connectivity, and electronic control systems into hydraulic cylinders. This enables real-time monitoring, predictive maintenance, and enhanced performance optimization, contributing to improved operational efficiency. Another trend is the growing demand for compact and lightweight hydraulic cylinders. Manufacturers are focusing on developing innovative designs and materials to reduce weight, improve portability, and increase energy efficiency without compromising performance. The hydraulic cylinder market presents significant opportunities for growth. The increasing demand for renewable energy sources, such as wind turbines, presents a vast opportunity for hydraulic cylinder manufacturers. These cylinders are critical components in wind turbine systems, facilitating pitch control and ensuring optimal energy capture. Furthermore, the ongoing investments in infrastructure development, especially in emerging economies, provide a favorable market landscape. Governments are focusing on improving transportation networks, expanding industrial facilities, and upgrading public utilities, creating a demand for hydraulic cylinders. Moreover, the replacement and retrofitting of existing hydraulic systems with advanced hydraulic cylinders offer opportunities for manufacturers to cater to the modernization needs of various industries.

Market snapshot - 2023-2030

Global Market Size

USD 15.32 billion

Largest Segment

Double-Acting Cylinders

Fastest Growth

Double-Acting Cylinders

Growth Rate

4.2% CAGR

Global Hydraulic Cylinder Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Hydraulic Cylinder Market Size By Type 2022-2030 ($ Bn)
Global Hydraulic Cylinder Market Size By Type 2022-2030 (%)

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Global Hydraulic Cylinder Market Segmental Analysis

Global Hydraulic Cylinder Market is segmented on the basis of type, end user, application, and region. By type, the market is segmented into single-acting cylinders and double-acting cylinders. By end user, the market is segmented into manufacturing, construction, oil and gas, mining, agriculture, automotive, and others. By application, the market is segmented into industrial machinery, mobile equipment, aerospace and defense, construction, agriculture, and automotive. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Hydraulic Cylinder Market Analysis By Type

The largest segment is the double-acting cylinders. Double-acting cylinders dominate the market due to several compelling reasons. Double-acting cylinders provide hydraulic power in both directions of movement, offering versatility and efficiency in various applications. The ability to exert force during both the extension and retraction strokes makes them highly sought after in industries such as construction, manufacturing, and automotive. The double-acting cylinders enable precise control over the hydraulic system, allowing for smooth and controlled movement, enhanced load capacity, and improved overall performance. Moreover, their robust construction and ability to withstand high pressure and heavy loads make them ideal for demanding and challenging environments. As industries continue to seek reliable and efficient hydraulic solutions, the demand for double-acting cylinders is expected to remain strong, driving their status as the largest segment in the global market.

On the other hand, the fastest-growing segment in the global hydraulic cylinder market is single-acting cylinders. Single-acting cylinders are experiencing rapid growth due to their unique features and expanding applications. Single-acting cylinders exert force in only one direction, typically through the extension stroke, while relying on external forces or springs for the retraction stroke. They are compact, lightweight, and cost-effective, making them suitable for various industries, including agriculture, material handling, and small-scale machinery. The increasing adoption of single-acting cylinders can be attributed to their simplicity, ease of installation, and lower maintenance requirements. Additionally, their efficient use of hydraulic power and the ability to operate with lower system pressures contribute to energy savings and environmental sustainability. As industries strive for compact and economical hydraulic solutions without compromising performance, the demand for single-acting cylinders is anticipated to grow rapidly, positioning them as the fastest-growing segment in the global market.

Global Hydraulic Cylinder Market Analysis By Application

The largest segment is the industrial machinery industry. Industrial machinery encompasses a wide range of applications, including manufacturing equipment, material handling machinery, and industrial automation systems. This segment holds the largest market share due to several compelling factors. Firstly, industrial machinery relies heavily on hydraulic systems for various functions such as lifting, pressing, bending, and controlling movements. Hydraulic cylinders are essential components that provide the required force and precision for the smooth and efficient operation of machinery in industrial settings. The robust demand for hydraulic cylinders in industries such as metalworking, packaging, printing, and plastics processing contributes to the dominance of the industrial machinery segment. Secondly, the industrial machinery sector is witnessing continuous technological advancements and automation, driving the need for advanced hydraulic solutions. The integration of hydraulic systems with digital controls, sensors, and IoT technologies enables improved productivity, accuracy, and energy efficiency in industrial processes. As a result, the demand for high-performance hydraulic cylinders that can withstand rigorous operating conditions and support advanced automation systems is increasing.

On the other hand, the fastest-growing segment in the global hydraulic cylinder market is the construction industry. Construction projects require hydraulic cylinders for a diverse range of applications, including excavators, loaders, cranes, bulldozers, and various other heavy construction equipment. The construction sector is experiencing significant growth, driven by urbanization, infrastructure development, and increased investments in residential and commercial construction projects. The demand for hydraulic cylinders in the construction industry is propelled by factors such as the need for powerful and reliable lifting and digging capabilities, as well as the requirement for precise control and safety in construction operations. Hydraulic cylinders play a critical role in enabling efficient movement, stability, and lifting capacities of construction machinery, enhancing productivity, and ensuring optimal performance on job sites. Furthermore, the construction industry is witnessing a shift towards more sustainable and eco-friendly practices. Hydraulic systems, including cylinders, are being designed to incorporate energy-efficient features and minimize environmental impact. This trend further boosts the demand for advanced hydraulic cylinders that align with sustainability objectives.

Global Hydraulic Cylinder Market Size By Type 2022(%), 2021 (%)

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Global Hydraulic Cylinder Market Regional Insights

In the global hydraulic cylinder market, one dominating region is North America. North America holds a significant market share due to several compelling factors. Firstly, the region boasts a robust industrial sector, including manufacturing, construction, and mining, which are major users of hydraulic cylinders. The demand for hydraulic cylinders in these industries is driven by their crucial role in various applications such as heavy machinery, material handling equipment, and construction vehicles. The strong presence of key market players in North America further contributes to its dominance, as they leverage its expertise and advanced manufacturing capabilities to cater to the region's requirements. For instance, one notable example is Caterpillar Inc., a prominent manufacturer of construction and mining equipment based in the United States. The company utilizes hydraulic cylinders extensively in its machinery, including excavators, bulldozers, and loaders. Caterpillar's substantial market share and technological expertise in the region contribute to North America's dominance in the hydraulic cylinder market.

On the other hand, the fastest-growing region in the global hydraulic cylinder market is Asia-Pacific. Asia-Pacific is witnessing rapid industrialization and infrastructure development, leading to an increased demand for hydraulic cylinders across various sectors. The region's burgeoning construction industry, driven by urbanization and government investments in infrastructure projects, significantly contributes to the growth of the hydraulic cylinder market. Hydraulic cylinders play a vital role in construction machinery, such as cranes, excavators, and forklifts, which are extensively used in infrastructure development. An example of a company thriving in the Asia-Pacific region is Sany Group, a Chinese multinational corporation specializing in construction machinery. Sany Group has a diverse product portfolio that includes hydraulic excavators, concrete machinery, and road machinery, all of which utilize hydraulic cylinders. With its strong market presence and innovative hydraulic solutions, Sany Group exemplifies the rapid growth and potential of the hydraulic cylinder market in the Asia-Pacific region.

Global Hydraulic Cylinder Market Size By Geography, 2022-2030, 2023-2030
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Global Hydraulic Cylinder Market Dynamics

Global Hydraulic Cylinder Market Drivers

Increasing Industrial Automation to Bolster market growth

  • The growing adoption of industrial automation across various sectors is driving the demand for hydraulic cylinders. Automation improves efficiency, reduces labor costs, and enhances productivity. Hydraulic cylinders play a crucial role in automated machinery and equipment by providing the necessary force and motion control. For example, in the manufacturing sector, hydraulic cylinders are used in robotic arms, assembly lines, and material handling equipment. The trend toward increased automation in industries such as automotive, aerospace, and packaging is fueling the demand for hydraulic cylinders.
  • The global focus on infrastructure development and construction projects is a significant driver for the hydraulic cylinder market. Infrastructure projects, including transportation, energy, and building construction, require heavy machinery and equipment that rely on hydraulic cylinders for movement, lifting, and positioning. For instance, hydraulic cylinders are integral to construction equipment like excavators, cranes, and bulldozers. The expanding urbanization, investments in transportation networks, and renewable energy projects are boosting the demand for hydraulic cylinders in the construction and infrastructure sectors.

Global Hydraulic Cylinder Market Restraints

Volatility in Raw Material Prices

  • The hydraulic cylinder industry is highly dependent on raw materials such as steel and aluminum. Fluctuating prices of these materials impact the overall production costs and profitability of hydraulic cylinder manufacturers. Rapid changes in raw material prices can pose challenges in maintaining competitive pricing and margins. For example, during periods of price volatility, manufacturers may face difficulties in estimating costs accurately and may need to pass on the price fluctuations to customers, potentially impacting market demand.

Environmental Concerns and Regulations

  • The increasing environmental awareness and stringent regulations related to emissions and waste disposal pose restraints on the hydraulic cylinder market. The hydraulic systems used in various applications consume significant amounts of hydraulic fluid, and the disposal of used fluids requires adherence to environmental guidelines. Additionally, the hydraulic industry is under pressure to develop more energy-efficient solutions to minimize power consumption and reduce environmental impact. Compliance with environmental regulations and the development of sustainable hydraulic systems present challenges for market players.

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Global Hydraulic Cylinder Market Competitive Landscape

The Global Hydraulic Cylinder Market is characterized by intense competition among key players operating in the industry. The market analysis reveals the presence of several prominent companies vying for market share and striving to enhance their competitive position. Some of the major players in the hydraulic cylinder leverage their extensive industry experience, technological expertise, and wide product portfolios to gain a competitive edge. They focus on continuous innovation, product development, and strategic partnerships to expand their market reach and cater to diverse customer requirements. Moreover, these key players emphasize quality, reliability, and cost-effectiveness to differentiate their offerings in the market. Additionally, the market analysis highlights the significance of regional and global expansions undertaken by these companies to tap into emerging markets and strengthen their presence globally.

Top Player’s Company Profiles in Global Hydraulic Cylinder Market

  • Bosch Rexroth AG (Germany)
  • Parker Hannifin Corporation (US)
  • Eaton Corporation (Ireland)
  • KYB Corporation (Japan)
  • Actuant Corporation (US)
  • Wipro Infrastructure Engineering (India)
  • Hengli Hydraulic Co., Ltd. (China)
  • Jiangsu Hengli Hydraulic Co., Ltd. (China)
  • Jiangsu Canete Machinery Manufacturing Co., Ltd. (China)
  • Weber-Hydraulik GmbH (Germany)
  • Ligon Industries LLC (US)
  • Komatsu Ltd. (Japan)
  • Caterpillar Inc. (US)
  • Liebherr-International AG (Switzerland)
  • SMC Corporation (Japan)
  • Yuken Kogyo Co., Ltd. (Japan)
  • Prince Manufacturing Corporation (US)
  • Hyva Group (Netherlands)
  • Hunger Hydraulik Group (Germany)
  • NORDHYDRO OY (Finland)

Global Hydraulic Cylinder Market Recent Developments

  • In January 2021, Weber-Hydraulik introduced a specialized product line of hydraulic cylinders tailored for use as support cylinders in mobile cranes. The cylinders are meticulously designed to provide exceptional stability and support during crane operations, contributing to enhanced safety and operational efficiency. Weber-Hydraulik's innovative approach and focus on specific applications demonstrate their dedication to meeting the unique requirements of the mobile crane industry.

Global Hydraulic Cylinder Key Market Trends

  • The integration of the Internet of Things (IoT) and smart technologies is transforming the hydraulic cylinder market. Manufacturers are incorporating sensors and connectivity features into hydraulic cylinders to enable remote monitoring, predictive maintenance, and real-time performance analysis. By collecting data on factors such as pressure, temperature, and operating conditions, IoT-enabled hydraulic cylinders can optimize performance, prevent breakdowns, and enhance overall efficiency. This trend towards smart, connected hydraulic systems is gaining momentum, particularly in industries such as agriculture, construction, and industrial automation.
  • The demand for lightweight hydraulic cylinders is increasing due to their advantages in terms of energy efficiency and portability. The use of lightweight materials such as composite alloys, high-strength plastics, and carbon fiber-reinforced polymers reduces the overall weight of hydraulic cylinders while maintaining strength and performance. Lightweight hydraulic cylinders find applications in sectors such as aerospace, automotive, and mobile equipment where weight reduction is critical for fuel efficiency, load capacity, and maneuverability. The trend toward lightweight hydraulic cylinders aligns with the industry's focus on energy conservation and sustainability.

Global Hydraulic Cylinder Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analyses, The Global Hydraulic Cylinder Market is experiencing substantial growth and is poised for further expansion. The market analysis reveals several factors driving this growth. Firstly, the increasing demand for efficient and reliable hydraulic systems across various industries, such as construction, agriculture, mining, and automotive, is propelling the market. Hydraulic cylinders play a vital role in providing linear force and motion control, making them essential components in a wide range of applications. Secondly, the growing construction and infrastructure development activities worldwide are fueling the demand for hydraulic cylinders in heavy machinery and equipment. The need for robust and durable hydraulic systems to handle heavy loads and perform critical tasks in construction projects drives market growth. Additionally, the market research analyst identifies the rising adoption of automation and industrial machinery in manufacturing processes as a significant factor driving the hydraulic cylinder market. Industries are increasingly implementing hydraulic systems to achieve precise control, improve productivity, and enhance operational efficiency. Moreover, the market analysis highlights the development of advanced hydraulic cylinders with features such as compact design, increased load-bearing capacity, and improved energy efficiency, which further contribute to market growth. The Asia-Pacific region, particularly China and India, is projected to be a significant market for hydraulic cylinders due to extensive industrialization, infrastructure development, and rapid urbanization in these countries. In conclusion, the global hydraulic cylinder market is witnessing robust growth, driven by the demand from various industries, construction activities, automation in manufacturing, and advancements in hydraulic system technology.

Report Metric Details
Market size value in 2021 USD 15.32 billion
Market size value in 2030 USD 22.19 billion
Growth Rate 4.2%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • single-acting cylinders and double-acting cylinders
  • End User
    • manufacturing, construction, oil and gas, mining, agriculture, automotive, and others
  • Application
    • industrial machinery, mobile equipment, aerospace and defense, construction, agriculture, and automotive
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Bosch Rexroth AG (Germany)
  • Parker Hannifin Corporation (US)
  • Eaton Corporation (Ireland)
  • KYB Corporation (Japan)
  • Actuant Corporation (US)
  • Wipro Infrastructure Engineering (India)
  • Hengli Hydraulic Co., Ltd. (China)
  • Jiangsu Hengli Hydraulic Co., Ltd. (China)
  • Jiangsu Canete Machinery Manufacturing Co., Ltd. (China)
  • Weber-Hydraulik GmbH (Germany)
  • Ligon Industries LLC (US)
  • Komatsu Ltd. (Japan)
  • Caterpillar Inc. (US)
  • Liebherr-International AG (Switzerland)
  • SMC Corporation (Japan)
  • Yuken Kogyo Co., Ltd. (Japan)
  • Prince Manufacturing Corporation (US)
  • Hyva Group (Netherlands)
  • Hunger Hydraulik Group (Germany)
  • NORDHYDRO OY (Finland)
Customization scope

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  • Market dynamics & outlook
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Hydraulic Cylinder Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Hydraulic Cylinder Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Hydraulic Cylinder Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Hydraulic Cylinder Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Hydraulic Cylinder Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Hydraulic Cylinder Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Hydraulic Cylinder Market size was valued at USD 15.32 billion in 2021 and is poised to grow from USD 15.96 billion in 2022 to USD 22.19 billion by 2030, at a CAGR of 4.2% during the forecast period (2023-2030).

The Global Hydraulic Cylinder Market is characterized by intense competition among key players operating in the industry. The market analysis reveals the presence of several prominent companies vying for market share and striving to enhance their competitive position. Some of the major players in the hydraulic cylinder leverage their extensive industry experience, technological expertise, and wide product portfolios to gain a competitive edge. They focus on continuous innovation, product development, and strategic partnerships to expand their market reach and cater to diverse customer requirements. Moreover, these key players emphasize quality, reliability, and cost-effectiveness to differentiate their offerings in the market. Additionally, the market analysis highlights the significance of regional and global expansions undertaken by these companies to tap into emerging markets and strengthen their presence globally. 'Bosch Rexroth AG (Germany)', 'Parker Hannifin Corporation (US)', 'Eaton Corporation (Ireland)', 'KYB Corporation (Japan)', 'Actuant Corporation (US)', 'Wipro Infrastructure Engineering (India)', 'Hengli Hydraulic Co., Ltd. (China)', 'Jiangsu Hengli Hydraulic Co., Ltd. (China)', 'Jiangsu Canete Machinery Manufacturing Co., Ltd. (China)', 'Weber-Hydraulik GmbH (Germany)', 'Ligon Industries LLC (US)', 'Komatsu Ltd. (Japan)', 'Caterpillar Inc. (US)', 'Liebherr-International AG (Switzerland)', 'SMC Corporation (Japan)', 'Yuken Kogyo Co., Ltd. (Japan)', 'Prince Manufacturing Corporation (US)', 'Hyva Group (Netherlands)', 'Hunger Hydraulik Group (Germany)', 'NORDHYDRO OY (Finland)'

The growing adoption of industrial automation across various sectors is driving the demand for hydraulic cylinders. Automation improves efficiency, reduces labor costs, and enhances productivity. Hydraulic cylinders play a crucial role in automated machinery and equipment by providing the necessary force and motion control. For example, in the manufacturing sector, hydraulic cylinders are used in robotic arms, assembly lines, and material handling equipment. The trend toward increased automation in industries such as automotive, aerospace, and packaging is fueling the demand for hydraulic cylinders.

The integration of the Internet of Things (IoT) and smart technologies is transforming the hydraulic cylinder market. Manufacturers are incorporating sensors and connectivity features into hydraulic cylinders to enable remote monitoring, predictive maintenance, and real-time performance analysis. By collecting data on factors such as pressure, temperature, and operating conditions, IoT-enabled hydraulic cylinders can optimize performance, prevent breakdowns, and enhance overall efficiency. This trend towards smart, connected hydraulic systems is gaining momentum, particularly in industries such as agriculture, construction, and industrial automation.

In the global hydraulic cylinder market, one dominating region is North America. North America holds a significant market share due to several compelling factors. Firstly, the region boasts a robust industrial sector, including manufacturing, construction, and mining, which are major users of hydraulic cylinders. The demand for hydraulic cylinders in these industries is driven by their crucial role in various applications such as heavy machinery, material handling equipment, and construction vehicles. The strong presence of key market players in North America further contributes to its dominance, as they leverage its expertise and advanced manufacturing capabilities to cater to the region's requirements. For instance, one notable example is Caterpillar Inc., a prominent manufacturer of construction and mining equipment based in the United States. The company utilizes hydraulic cylinders extensively in its machinery, including excavators, bulldozers, and loaders. Caterpillar's substantial market share and technological expertise in the region contribute to North America's dominance in the hydraulic cylinder market.

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