According to the latest report by IMARC Group, titled “Hydraulic Cylinder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global hydraulic cylinder market size reached US$ 13.8 Billion in 2019.
A hydraulic cylinder refers to a piece of actuation equipment that is utilized in hydraulic power transfer systems to provide a unidirectional force. It comprises an assembly of components, including cylindrical barrels, pistons, piston rods, cylinder caps and heads, seals and rings, to form a continuous hydraulic circuit. Widely used to convert hydrostatic energy into mechanical energy, they are powered by pressurized hydraulic fluid, such as oil, to produce linear motion. Since these devices are easy to use, extremely durable, and offer high power-to-size and power-to-weight ratios, they are extensively utilized across numerous sectors, including marine, construction, automotive, manufacturing, and aerospace.
Explore full report with table of contents: https://www.imarcgroup.com/hydraulic-cylinder-market
Global Hydraulic Cylinder Market Trends:
The global market is primarily driven by the significant growth across numerous end use sectors. Hydraulic cylinders are widely used as an essential component in heavy machinery, including backhoes, trenchers, concrete cutting saws, asphalt laying machines and motor graders that are employed in the construction sector. In line with this, rapid industrialization and continual infrastructural developments across the globe, especially in the developing economies, are providing a boost to the sales of these cylinders. These devices are also extensively utilized in the aerospace sector for the smooth functioning of brakes and landing gear, and in the defense sector as a crucial component in numerous military equipment, such as telehandlers, bomb loaders, thrust reversers, automated pallets and personnel door systems. Along with this, the increasing farm mechanization in the agricultural sector is expected to provide a thrust to the market growth. The rising need for automation has led to the replacement of manually driven equipment with hydraulic devices that simplify advanced tasks, minimize the dependency on manual labor and improve crop production. The market is further driven by the favorable initiatives undertaken by governments of several nations to promote infrastructural development as well as automation across numerous industries. On account of the aforementioned factors, the market is projected to reach a value of US$ 18.1 Billion by 2025, registering a CAGR of 4.6% during 2020-2025.
Hydraulic Cylinder Market 2020-2025: Segmentation and Analysis of Top Keyplayers
Some of these Key players include
Actuant Corporation
Bosch Rexroth AG
Caterpillar Inc.
Eaton Corporation
Hannon Hydraulics
HYDAC
JARP Industries
Kappa Engineering
KYB Corporation
Parker-Hannifin Corporation
SMC Corporation
Texas Hydraulics Inc.
United Hydraulics
Wipro Enterprises
The report has segmented on the basis of function, type, bore size, application, end-use industry and region
Breakup by Function:
Single-Acting Hydraulic Cylinders
Double-Acting Hydraulic Cylinders
Based on the type, the market has been divided into tie-rod, welded, telescopic and mill-type cylinders.
Breakup by Type:
Tie-Rod Cylinders
Welded Cylinders
Telescopic Cylinders
Mill-Type Cylinders
Based on the type, the market has been divided into tie-rod, welded, telescopic and mill-type cylinders.
Breakup by Bore Size:
<50 MM
50–150 MM
>150 MM
On the basis of the bore size, the market has been classified into <50 MM, 50–150 MM and >150 MM.
Breakup by Application:
Mobile
Industrial
Based on the application, the market has been categorized into mobile and industrial.
Breakup by End-Use Industry:
Construction
Aerospace & Defense
Material Handling
Agriculture
Automotive
Mining
Oil & Gas
Marine
Others
On the basis of the end-use industry, the market has been segmented into construction, aerospace and defense, material handling, agriculture, automotive, mining, oil and gas, marine and others.
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
