North American hydraulic cylinder market is expected to emerge as the most lucrative market in the world

A hydraulic cylinder is an actuation device that converts hydrostatic energy into mechanical energy and produces a unidirectional force. Hydraulic cylinders differ from hydraulic motors as hydraulic cylinders perform linear or transitory motion and hydraulic motors perform rotational motion. The global hydraulic cylinders market is expected to register a CAGR of 4.3% over the forecast period (2018 – 2026) in terms of value. The hydraulic cylinders market is expected to be valued at 28,611 ‘000 units in 2018 and it is expected to grow at a CAGR of 3.9% to reach 39,005 ‘000 units by the end of 2026.

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Factors Impacting Global Hydraulic Cylinders Market Growth

Many countries across the globe still do not have basic infrastructure such as roads for transportation, information and communication and electric power. In light of this, many governments are making significant investments towards infrastructural developments and improvements. This increase in infrastructural development in the global infrastructural industry is encouraging various businesses to come up with solutions to enhance systems with advanced equipment and machinery to improve infrastructure across the world. Apart from infrastructure, the increasing global population is also surging construction activities in many countries across the world. Growth in the global construction sector and infrastructural development are together expected to create huge demand for modern equipment and machinery in the coming years. Increasing use of hydraulic cylinders in engineering equipment used in construction and infrastructural industries is expected to trigger the growth of the global hydraulic cylinders market in the future.

Hydraulic cylinders are globally quite popular among customers due to their extensive range of applications in various types of industries; however, many customers still choose pneumatic cylinders over hydraulic cylinders, which can pose a challenge to the growth of the global hydraulic cylinders market. Pneumatic cylinders have a simplistic design and are more accurate while generating a precise linear motion. The availability of pneumatic cylinders in smaller sizes and their rapid movement with higher operation speed have turned many customers in their favour. By enabling integration with electronic monitoring systems, pneumatic cylinders offer versatile advancements in their operation in the field of miniaturization at comparatively lower prices. Attributing to these advantages of pneumatic cylinders over hydraulic cylinders, majority of customers are making purchase decisions in favour of pneumatic cylinders, which might pose danger to the growth of the global hydraulic cylinders market.

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Global Hydraulic Cylinders Market Segmentation and Forecast

The global hydraulic cylinders market can be segmented on the basis of bore size, product type, operating principle, application and region. On the basis of bore size, the global hydraulic cylinders market can be segmented into

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