Hydraulic Cylinders Market 2025 with Leading Key Players Like Actuant Corporation, Bosch Rexroth AG, Caterpillar Inc., Eaton Corporation Plc, Jarp Industries
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 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.
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The hydraulic cylinders market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion's share in 2017, accounting for nearly one-third of the market. However, the market across the Asia-Pacific region is anticipated to register the fastest CAGR of 6.6% during the forecast period.
Key Findings of the Hydraulic Cylinders Market:
o 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.
o The less than 50mm bore size segment is anticipated to grow at a CAGR of 6.0% during the forecast period.
o The welded cylinders generated $6,578.00 million in revenue in 2017 and are anticipated to grow at a significant CAGR.
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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.
Top Industry Players:
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.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
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