Hydraulic Cylinder Market Share, Size, Trends, Industry Analysis Report, By Specification (Welded, Tie Rod, Telescopic, Mill Type); By Application (Industrial, Mobile), By Function; By Industry Vertical; By Region; Segment Forecast, 2022 - 2030

Hydraulic Cylinder Market Share, Size, Trends, Industry Analysis Report, By Specification (Welded, Tie Rod, Telescopic, Mill Type); By Application (Industrial, Mobile), By Function; By Industry Vertical; By Region; Segment Forecast, 2022 - 2030

The global hydraulic cylinder market size is expected treach USD 20.82 billion by 2030 according ta new study by Polaris Market Research. The report “Hydraulic Cylinder Market Share, Size, Trends, Industry Analysis Report, By Specification (Welded, Tie Rod, Telescopic, Mill Type); By Application (Industrial, Mobile), By Function; By Industry Vertical; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Growth of the global market is mainly driven by a number of factors such as a rise in demand for heavy construction and mining vehicles from various industries; demand for mobile applications such as excavators, loaders, graders, dump trucks, backhoes, and dozers; and considerable growth on construction activities across the globe due tsmart city and smart infrastructure initiatives. In addition, the ongoing trend of infrastructure development among the developed and developing countries is projected tboost the growth of the global market. On the other hand, the emergence of smart cylinders is expected tcreate lucrative growth opportunities for the industry.

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The agriculture segment is projected twitness the highest growth rate over the study period. This is mainly attributed tthe growing usage of automated machines for the execution of complex tasks. These machines include tractors, skid steers, loaders, spraying equipment, and baler, along with the heavy machines used for planting, weeding, and harvesting. In addition, the emergence of innovative agriculture machines equipped with smart cylinder systems is expected tcreate lucrative growth opportunities for the segment.

For instance, in February 2021, TAFE – Tractors and Farm Equipment Limited, one of the leading tractor manufacturers worldwide, launched its new DYNATRACK Series, an advanced range of tractors that offer a dynamic performance unmatched utility and versatility, and sophisticated technology.

This tractor is equipped with DYNATRACK’s DynaLIFT system toffer superior productivity, lift capacity, and speed. On the other hand, Asia-Pacific is anticipated twitness the highest growth in the global market due tthe infrastructure development trend in developing countries such as China and India.

Market participants such as Bosch Rexroth, Burnside Autocyl, Caterpillar, Eaton, Enerpac Tool Group, Hydac, Jiangsu Hengli Hydraulic, KYB Corporation, Pacoma GmbH, Parker-Hannifin Corporation, SMC Corporation, Standex International, Texas Hydraulics Inc., Weber-Hydraulik Gmbh, and WiprEnterprises are some of the key players operating in the hydraulic cylinder industry.

Polaris Market Research has segmented the hydraulic cylinder market report on the basis of function, specification, application, industry vertical, and region:

Hydraulic Cylinder, Function Outlook (Revenue – USD Billion, 2018 – 2030)

• Single-acting
• Double-acting

Hydraulic Cylinder, Specification Outlook (Revenue – USD Billion, 2018 – 2030)

• Welded
• Tie Rod
• Telescopic
• Mill Type

Hydraulic Cylinder, Application Outlook (Revenue – USD Billion, 2018 – 2030)

• Industrial
• Mobile

Hydraulic Cylinder, Industry Vertical Outlook (Revenue – USD Billion, 2018 – 2030)

• Construction
• Aerospace
• Material Handling
• Agriculture
• Mining
• Automotive
• Marine
• Oil & Gas
• Others

Hydraulic cylinder, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

• North America
• U.S.
• Canada
• Europe
• France
• Germany
• UK
• Italy
• Spain
• Netherlands
• Russia
• Asia Pacific
• China
• India
• Japan
• Malaysia
• South Korea
• Indonesia
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa