Global Hydraulic Cylinder Market Analysis 2022

Global Hydraulic Cylinder Market Analysis 2022

The Global Hydraulic Cylinder Market is expected to reach $19.25 billion by 2028 growing at a CAGR of 5.2% from 2021 to 2028. Hydraulic cylinder refers to mechanical equipment, which is used to impart a unidirectional force through a unidirectional stroke. It is used for converting mechanical force into a linear motion. Hydraulic cylinder has a tube with a rod sticking out on one side. The piston separates the internal rod side from the internal cap side of the cylinder to avoid friction. Then the fluid is forced into either side of the cylinder to extend or retract the piston rod for smooth functioning.

Factors such as increasing use in mining equipment, growing demand for material handling equipment, and rising technological advancements in hydraulic cylinders are driving the growth of the market. However, high cost of manufacturing and maintenance and presence of substitutes are restraining the growth of the market.

Based on end user, the agriculture segment is going to have a lucrative growth during the forecast period which can be attributed to the rising use of machines for performing complex tasks from planting vegetables to plowing fields. The globally increasing population and the deteriorating environmental conditions have put pressure on the agriculture industry to meet the food demand. From pecan tree shakers to sugar cane harvesters and automated bale trailers to sprayer booms, hydraulic cylinders are deployed in almost all the agriculture equipment for lifting and movement control. This has increased investments in machines for precision agriculture, which is expected to drive the demand for hydraulic cylinders.

The key vendors mentioned are Actuant Corporation, Baltic Hydraulic Cylinders, Bosch Rexroth, Caterpillar, Eaton, Enerpac Tool Group, HYDAC, Jarp Industries, Jiangsu Hengli Hydraulic Co., Ltd, Kawasaki Heavy Industries, KYB Corporation, Pacoma GmbH, Parker-Hannifin Corporation, SMC Corporation, Texas Hydraulics, and Wipro Enterprises.

Functions Covered:

• Single-acting
• Double-acting
• Multi-Stage/Tandem
• Telescopic

Bore Sizes Covered:

• <50 MM
• 51 - 100 MM
• 101 - 150 MM
• 151 - 300 MM
• Above 300 MM

Specifications Covered:

• Welded
• Tie Rod
• Telescopic
• Bolted/Mill Type

Applications Covered:

• Mobile
• Industrial

End Users Covered:

• Aerospace & Defense
• Agriculture
• Automotive
• Civil Engineering
• Construction
• Earthmoving Equipment
• Energy
• Forestry
• Industrial Tools
• Manufacturing
• Marine and Shipyard
• Material Handling
• Metal Extraction
• Mining
• Oil & Gas and Offshore
• Pulp and Paper
• Transportation
• Waste Management

Regions Covered:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:

• How this market evolved since the year 2020
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period