Press release
Hydraulic Cylinders Market 2026, Increasing Demand with Leading key players: Bosch Rexroth AG, PARKER HANNIFIN CORP, Precision Hydraulic Cylinders, WEBER-HYDRAULIK GMBH, SMC Corporation, Bucher Hydraulics GmbH, Enerpac, and Eaton
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Demand for Hydraulic Cylinders to Rise on Account of Rapid Industrialization
The growing construction industry is expected to augment the hydraulic cylinders market demand in the forecast years. As per a study by the Global Construction Perspective (GCP) and Oxford Economics, the construction industry is expected to reach US$ 15.5 trillion by 2030. Majority of the growth comes from countries such as India, China, and the U.S. This, along with technological developments in the construction and infrastructure industry, is expected to further advance the hydraulic cylinders market trend. Demand for these cylinders is expected to increase from other end-use industries such as Aerospace and Defence, Agriculture, Marine, Forestry, and others. Of these, analysts found that agriculture covered 21.4% of share in the global market in 2018. The World Bank made an investment of US$ 6.8 billion in 2018 in rural agriculture. As per research studies, the world population is projected to reach 9 billion by 2050. This is likely to fuel demand for agricultural machinery, driving the hydraulic cylinders market.
Double-acting Hydraulic Cylinders to Lead the Market
As per function, double-acting hydraulic cylinders are likely to hold around 75% of the share in the hydraulic cylinders market. These cylinders are primarily used for manufacturing and heavy construction equipment. Owing to their rising demand than single-acting cylinders, these are expected to lead the market through the forecast years.
Welded Hydraulic Cylinders to Hold 60% of the Share
Welded products are mainly used in heavy mobile equipment for lifting heavy loads and offer customizations as per requirements. These products are likely to cover 60% of the share during the forecast period. Apart from welded products, tie rob hydraulic cylinders are generally used in light and medium industrial machines. The National Fluid Power Association (NFPA) has set standard dimensions for these cylinders in order to maintain stability. For instance, Parker Hannifin’s tie rob cylinders are fatigue-free and work at maximum pressure to ensure safety and reliability of its cylinders.
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Top Players
• Bosch Rexroth AG
• Enerpac
• PARKER HANNIFIN CORP
• Wipro Infrastructure Engineering
• SMC Corporation.
• Bucher Hydraulics GmbH
• Precision Hydraulic Cylinders
• KYB Americas Corporation
• Eaton
• WEBER-HYDRAULIK GMBH
Segmentation
1. By Function
• Single Acting Hydraulic Cylinder
• Double Acting Hydraulic Cylinder
2. By Product Type
• Welded Cylinder
• Tie Rod Cylinder
• Others
3. By Application
• Industrial Equipment
• Mobile Equipment
4. By End-Use Industry
• Construction
• Agriculture
• Aerospace & Defence
• Forestry
• Marine
• Others
5. By Region
• North America (the S. and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
• Latin America (Brazil, Mexico and Rest of Latin America)
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Mobile Equipment to Cover Majority of the Share by 2026
As per application, the demand for mobile equipment is increasing in telescopic handlers, cranes, and forklifts as these are fitted with high-quality hydraulic cylinders. Industrial Equipment is used in several applications such as metal casting, shaping, forging, and sheering, fueling demand for hydraulic cylinders.
Countries Such as India, China, and the U.S. Significantly Contribute to the Market Growth
Governments are increasingly granting funds to the infrastructure companies in the U.S. This will help the market to grow considerably. Moreover, the construction sector in the U.S. is likely to grow at a faster rate than China as the country witnesses’ slowdown in housing construction. Currently, countries such as China, India, and the U.S. contribute towards the hydraulic cylinders market revenue. The rising population in India is expected to drive the construction industry, which as a result, enabling growth in the market in APAC.
Table of Content
5. Global Hydraulic Cylinders Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecasts
5.2.1. By Function (Value and Volume)
5.2.1.1. Single Acting Hydraulic Cylinders
5.2.1.2. Double Acting Hydraulic Cylinders
5.2.2. By Product Type (Value)
5.2.2.1. Welded Cylinder
5.2.2.2. Tie Rod Cylinder
5.2.2.3. Others (Telescopic, Threaded Cylinders, etc.)
5.2.3. By Application (Value)
5.2.3.1. Industrial Equipment
5.2.3.2. Mobile Equipment
6. North America Hydraulic Cylinders Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecasts
6.2.1. By Function (Value and Volume)
6.2.1.1. Single Acting Hydraulic Cylinders
6.2.1.2. Double Acting Hydraulic Cylinders
6.2.2. By Product Type (Value)
6.2.2.1. Welded Cylinder
7. Europe Hydraulic Cylinders Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecasts
7.2.1. By Function (Value and Volume)
7.2.1.1. Single Acting Hydraulic Cylinders
7.2.1.2. Double Acting Hydraulic Cylinders
7.2.2. By Product Type (Value)
7.2.2.1. Welded Cylinder
7.2.2.2. Tie Rod Cylinder
7.2.2.3. Others (Telescopic, Threaded Cylinders, etc.)
7.2.3. By Application (Value)
7.2.3.1. Industrial Equipment
7.2.3.2. Mobile Equipment
7.2.4. By End-Use Industry (Value)
TOC Continued…!
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