Cart
0

Global Hydraulic Cylinders Market Expected to reach $16,333.1 million by 2025

 
 

quote The global hydraulic cylinders market is projected to witness significant growth in the coming years, owing to increase in adoption of material handling equipment in countries such as China, Brazil, India and other South Asian countries. Nations such as the U.S., Germany, and Japan, have started using hydraulic cylinders owing to surge in industrialization. Furthermore, the double acting hydraulic cylinders market is expected to experience rapid growth in the emerging economies, owing to rise in the construction equipment industries and agriculture sector. quote

Sushant Chavan
Lead Analyst, Construction and Manufacturing at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled,"Hydraulic Cylinders Market by Function, Design, and Bore Size: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"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. The double acting cylinder segment dominated the global market in terms of revenue, accounting for more than 75% share in 2017 and is expected to witness significant growth during the forecast period.

Hydraulic cylinders are mechanical equipment that offer linear movement for lifting heavy loads or handling bulky materials in industrial and mobile applications. These cylinders are used in construction, load lifting, and equipment handling machinery. Based on function, it is categorized into single acting cylinders and double acting cylinders. The hydraulic cylinders consist of cylinder barrel, base, head, piston, piston rod, and seals.

The growth of the global hydraulic cylinders market is driven by rise in the material handling equipment industry. Increase in new technologies such as SGH wire-actuated encoders, which measure the cylinder stroke in the hydraulic cylinder, boost the demand for hydraulic cylinder across the world. Growth in the construction equipment market is anticipated to provide potential opportunities for the key players operating in the market. However, hydraulic cylinders are expensive, and its maintenance & operation costs are very high. This factor restricts the growth of the global hydraulic cylinders market. Rise in labor cost in construction and mining activities is expected to offer growth opportunities for the hydraulic cylinder industries in near future.

The double acting cylinders segment accounted for $8313.6 million of the global hydraulic cylinder market in 2017 and is projected to grow at a CAGR of 5.2% during the forecast period. Based on design, the welded cylinders segment is expected to account for the highest market share throughout the forecast period. The double acting cylinders are extensively used for lifting loads and handling materials in the construction sector, which boost their demand in the market.

Based on bore size, the 51mm to 100mm segment is expected to account for the largest share in the global market during the forecast period owing to increase in use of material handling equipment in Asia-Pacific. This is attributed to the new hydraulic cylinders such as telescopic cylinder and plunger cylinder.

Key Findings of the Hydraulic Cylinders Market:

  • In 2018, the double acting cylinder segment dominated the global hydraulic cylinders market, in terms of revenue, and is projected to grow at a CAGR of 5.2% during the forecast period.

  • The less than 50mm bore size segment is anticipated to grow at a CAGR of 6.0% during the forecast period.

  • The welded cylinders generated $6,578.00 million revenue in 2017 and is anticipated to grow at a significant CAGR.

Prominent players, such as 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., have adopted new product launch as their key strategy to expand their market foothold.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1⟨855⟩ 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Abhinav Rautela
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
mediacommunications@alliedanalytics.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Hydraulic Cylinders Market by Function (Single Acting Cylinder, and Double Acting Cylinder), Design (Tie-Rod Cylinders, and Welded Cylinders), and Bore Size (Less Than 50mm, 51mm to 100 Mm, 101mm to 150 Mm, and Greater Than 151 Mm): Global Opportunity Analysis and Industry Forecast, 2018 - 2025 quote

View Report
 
 

Why Allied Market Research

 

Infallible Methodology

To ensure high level data integrity, accurate analysis and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to eliminate redundant information to provide valued information and save time of the reader

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interest you.

 
Get Industry Data Alerts