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Hydraulic Cylinder Market Trends

Report ID: GMI814
Published Date: Jul 2023
Report Format: PDF

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Hydraulic Cylinder Market Trends

The increasing adoption of automation in various industries, such as manufacturing, construction, and agriculture, is driving the demand for hydraulic cylinders. These cylinders play a crucial role in automated systems, providing precise and controlled linear motion. In addition, the construction and infrastructure sectors are witnessing significant growth globally, particularly in emerging economies. Hydraulic cylinders find extensive applications in heavy machinery and equipment used in construction projects, such as excavators, loaders, cranes, and bulldozers.

Continuous & exponential advancements in material & design by key manufacturers which are focusing on developing hydraulic cylinders with improved materials and designs to enhance their performance, durability, and efficiency is the other major factor complementing the industry outlook. For instances, the use of high-strength alloys, composite materials, and advanced sealing technologies can help reduce friction, extend the lifespan, and increase the load-bearing capacity of hydraulic cylinders.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of hydraulic cylinder was reached USD 15 billion in 2023 and is estimated to witness over 4.6% CAGR from 2024 to 2032, attributed to the rising demand for material handling equipment along with ongoing construction activities.

Tie rod hydraulic cylinder industry will observe over 4% CAGR during 2023 to 2032, owing to the growing usage of agricultural equipment for farming to expedite the production capacity in line with the rising population rate.

North America market is poised to grow at more than 4.5% CAGR through 2032, due to the increasing investments across industrial applications.

Some of the top firms engaged in the industry are Prince Manufacturing Corporation, Aggressive, Inc, Eaton, Bosch Rexroth (India) Private Limited., Best Metal Products, Wipro Infrastructure Engineering, Caterpillar, ENERPAC, Montanhydraulik GmbH, Hydrosila, and Pacoma GmbH.