Hydraulic Cylinder Market size to exceed $16bn by 2025
Published Date: August 14, 2019 Authors: Ankit Gupta, Aditya Singh Bais
Hydraulic Cylinder Market size will exceed USD 16 Billion by 2025, as reported in the latest study by Global Market Insights, Inc.
Positive outlook toward construction industry along with growing adoption of technologically advanced mechanical equipment will stimulate the hydraulic cylinder market share. Moreover, rapid industrialization on account of rising consumer spending toward infrastructure will further boost the business landscape in the coming years.
Increasing deployment of material handling equipment coupled with rising number of industries across emerging economies will drive the hydraulic cylinder industry growth. For instance, as per the United Nations Industrial Development Organization, the machinery and equipment industry in the Brazil has reached to USD 17,559 million in 2017 when compared to USD 11,132 million in 2005. Furthermore, the major categories of material handling equipment include industrial trucks, bulk material handling, storage and engineering systems has led to the demand of hydraulic cylinder.
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Mobile application of hydraulic cylinder market is expected to witness robust growth of over 4% by 2025. Increasing adoption of advanced excavators along with upgradation in technology to enhance the operational efficiency of the construction fleet will drive the product demand in the coming years. Excavators, loaders, dump trucks, back hoes, dozers and graders are some of the main applications in which hydraulic cylinder are used to create mechanical force in a linear motion.
Browse key industry insights spread across 165 pages with 474 market data tables & 11 figures & charts from the report, “Hydraulic Cylinder Market Size By Function (Single Acting, Double Acting), By Product (Tie rod, Welded), By Application (Mobile, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, Italy, Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Azerbaijan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, China, Japan, India, Brazil, Argentina), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2025” in detail along with the table of contents:
Ongoing expansion of mining industry coupled with deployment of advanced material handling machinery to increase the operational efficiency of the process will augment the demand of welded hydraulic cylinder. For instance, according to the National Mining Association, in 2017, the mining activity generated around USD 17 billion in state, federal and local taxes that supported the indirect, direct and induced taxes of USD 42 billion in the U.S.
China hydraulic cylinder market is anticipated to witness robust growth of over 5% by 2025. The rising concern to improve the national security of the country along with increasing investment toward the equipment and machine used in the defense & military industry will complement the demand of hydraulic cylinders. Telehandlers, bomb loaders, automated pallet systems, and personnel door systems are some wide applications that has led to the demand of hydraulic cylinder in military and defense sector. Additionally, long service life and high reliability are some key features that will further propel the industry outlook.
Middle East hydraulic cylinder market is projected to expand over 5% by 2025. Growing E&P activities to suffice the continuously expanding energy demand by the developing economies will further stimulate the market size of these product. In addition, continuously soaring infrastructural development on account of rising urbanization will uplift the industry outlook.
Major industry applicants operating in the global hydraulic cylinder industry include United Hydraulics, Bosch Rexroth, Eaton, Enerpac Corp., Wipro Infrastructure, Parker, Precision Hydraulics, Best Metal Products, Bailey, Aggressive Inc., Caterpillar, , Hannon, Ligon, Prince Corporation, Texas, Hydrapac Italia, CHAPEL HYDRAULIQUE and WEBER-HYDRAULIK, YELETSGIDROAGREGAT, Norrhydro Oy, Hydrosila, Burnside Autocyl, Pacoma, amongst others.
Hydraulic cylinder market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2025, for the following segments:
Global Hydraulic Cylinder Market by Function
- Single Acting Cylinders
- Double Acting Cylinders
- Tie-rod Cylinders
- Welded Cylinders
- Mobile application
- Industrial application
The above information is provided on a regional and country basis for the following:
- North Americ
- Asia Pacific
- Middle East
- Latin America