Hydraulic cylinders market Overview:
The global hydraulic cylinders market is expected to reach $16,333.1 million by 2025, from $11,055.5 million in 2017, growing at a CAGR of 5.1% from 2018 to 2025.
A hydraulic cylinder is a mechanical actuator that uses unidirectional force through a unidirectional stroke for applications in manufacturing machinery, construction equipment, and engineering vehicles. It includes piston rod, base port, piston nut, piston seal, tube, round mount, and rod port. These hydraulic cylinders are used in industrial and mobile applications for efficient operations in various industries such as mining equipment, construction equipment, and agricultural.
Oil is used to transmit pressure in hydraulic cylinders at a higher power density in industrial applications, and thus, can handle extreme loads. Hydraulic cylinders are reliable in hostile conditions and hence, are replacing pneumatic cylinders and mechanical actuators. They are cheap as compared to pneumatic cylinders. Thus, this factor plays a vital role in driving the hydraulic cylinder market. However, frequent change in filters & seals are required by hydraulic cylinders along with periodic maintenance & checks to prevent contamination and leaks. Use of hydraulic cylinders has gained prominence among cranes, forges, packing machines, and marine equipment due to their efficiency and cost-effectiveness.
The global hydraulic cylinders market is segmented based on function, design, bore size, and region. Based on function, the market is fragmented into single acting cylinder and double acting cylinder. The double acting cylinder segment is anticipated to dominate the global hydraulic cylinders market throughout the study period. By design, it is categorized into tie-rod cylinders, and welded cylinders. Based on bore size, it is divided into less than 50mm, 51mm to 100 mm, 101mm to 150 mm, and greater than 151 mm. The 101mm to 150mm segment is projected to grow at the highest rate in future.
The global hydraulic cylinders market is analyzed across four geographical regions, which include North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is expected to dominate the market throughout the forecast period.
The key players profiled in this report include Actuant Corporation, Bosch Rexroth AG, Caterpillar Inc., Eaton Corporation Plc, Jarp Industries, Jiangsu Hengli Hydraulic Co., Ltd., Kawasaki Heavy Industries, Parker Hannifin Corporation, Texas Hydraulics, and Wipro Enterprises Limited
Key Benefits for hydraulic cylinders market:
The study provides an in-depth analysis of the global hydraulic cylinders market, and current & future trends to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact on the market is provided.
Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global hydraulic cylinders market from 2017 to 2025 is provided to determine the market potential.
Hydraulic cylinders Key Market Segments:
By Function
Single acting cylinders
Double acting cylinders
By Design
Tie-rod cylinders
Welded cylinders
By Bore Size
Less than 50mm
51mm to 100mm
101mm to 150mm
Greater than 151mm
By Region
North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players Profiled in the Report
Actuant Corporation
Bosch Rexroth AG
Caterpillar Inc.
Eaton Corporation Plc
Jarp Industries
Jiangsu Hengli Hydraulic Co., Ltd.
Kawasaki Heavy Industries
Parker Hannifin Corporation
Texas Hydraulics
Wipro Enterprises Limited
