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Hydraulic Cylinder Market a Comprehensive Analysis | Key Players - Wipro Infrastructure Engineering, Bosch Rexroth AG, Best Metal Products, Aggressive Inc, Eaton Corporation PLC, Hannon LLC, Ligon Industries, LLC, Perfection, and Prince Manufacturing Corp
Global Hydraulic Cylinder Market is expected to grow at over 6% CAGR to surpass USD 16 billion by 2025. Increasing demand for innovative agriculture equipment to improve the energy conservation and productivity of the system will stimulate the industry growth. WEBER-HYDRAULIK innovated hydraulic cylinders for the mobile crane industry. An automatic signal bus system is used which requires single indication line that ensures the communication system of the crane and passes the signal directly through the cylinder to avoid any disturbance to the sensitive cables.Development in food processing industries with rising investment in agricultural sectors will drive the hydraulic cylinder market share. Sociedad de Agricultores de Colombia (SAC) in 2016, the agriculture section was expected between 1 to 1.5% growth. The projections suggest will be driven mainly by long cycle crops and coffee production.
Positive outlook towards construction sector along with growing acceptance of mechanized agricultural equipment will propel hydraulic cylinder market. Growing demand for material handling equipment including production line conveyors, forklifts & cranes along with replacement and retrofit of existing equipment will further complement business growth.
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Double acting hydraulic cylinder market is projected to reach over 70% by 2025 owing to large utilization where gravity can resist retraction to change the cushion the stoppage, earth moving equipment, control acceleration, lifting, rate of travel, forklifting and heavy trucks are major end use applications listed.
Growing demand for automatic agriculture equipment along with increasing infrastructure spending will propel India hydraulic cylinder market. According to 12th year plan, the GOI announced to spend approx. USD 1 trillion on infrastructure which will boost the product demand.
Growing investment towards defense and aerospace sector will positively impact the U.S. hydraulic cylinder market. In March 2017, the U.S. Federal government proposed defense budget including SPADE Defense Index has raised by 14.54% and outpacing S&P 500 Index over 3%.
China hydraulic cylinder Market is expected to exceed 30% by 2025. Increasing infrastructural investment will drive the business landscape. The government of China has announced to spend over USD 150 million in development of Hubei Xiaogan logistics infrastructure.
Russia hydraulic cylinder market share was over 35% in 2015. Increasing demand for construction and material handling equipment will propel the industry outlook. Russia’s Uralmash in February 2016, signed a joint venture with India’s SRB International mainly to manufacture heavy equipment with 50:50 partnership.
Increasing transport infrastructural spending will positively impact Brazil hydraulic cylinder market share. In 2016, Brazilian government announced to invest USD 1.45 billion in new transportation sector.
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Tie rod hydraulic cylinder market share is set to witness gain over 6% subjected to its high-end customization and wide range in application in agricultural sector. These product offers high standardized specification advantage which repairs easily as compared to other available products.
Major key participants include Bosch Rexroth AG, Wipro Infrastructure, Aggressive, Best Metal Products, Hannon, Eaton, Perfection, Ligon, YELETSGIDROAGREGAT, Prince Manufacturing, Burnside Autocyl (Tullow), Hydrapac Italia, Baltic, Chapel Hydraulique, Bailey International, United Hydraulics, Enerpac, Caterpillar, Parker-Hannifin, Hyco, Texas Hydraulics, Precision group Norrhydro, Pacoma, Hydrosila and WEBER-HYDRAULIK.
Report Content
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Hydraulic Cylinder industry 3600 synopsis, 2013 - 2025
2.1.1 Current business environment
2.1.2 function trends
2.1.3 Product trends
2.1.4 Application trends
2.1.5 Regional trends
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