Press release
Hydraulic Cylinder Market Size Worth $16 Billion by 2025 | CAGR: 6%
Hydraulic Cylinder Market
The size of Hydraulic Cylinder Market was registered at USD 10 billion in the year 2015 and is anticipated to cross USD 16 billion by 2025. Between the period 2016-2025, the Hydraulic Cylinder Market is expected to register a CAGR of 06%. Based on the product, hydraulic cylinder market is mainly divided into welded and tie rod. Welded hydraulic cylinder industry will surpass a revenue collection of USD 11 billion by 2025. The extensive use of this product in the construction, mining, industrial, and material handling sectors will augment the market growth noticeably. The surging expansion of the agricultural equipment industry will propel the demand for tie rods, which will grow at an annual growth rate of more than 6% over the period of 2016 to 2025.
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Key Manufacturers : Bosch Rexroth AG, Wipro Infrastructure Engineering, United Hydraulics, Best Metal Products, Bailey International LLC, Aggressive Hydraulics, Inc., Caterpillar, Inc., Eaton Corporation PLC, Enerpac Corp., Hannon Hydraulics, LLC, Hyco International, Inc., Ligon Industries, LLC, Parker-Hannifin Corporation, Perfection Hydraulics, Precision Hydraulic Cylinders, Inc, Prince Manufacturing Corporation, Texas Hydraulics, Inc.
Double acting hydraulic cylinder will collect a revenue above USD 11 billion by 2025, primarily due to the usage of double acting hydraulic cylinders in applications where gravity is the prominent factor, affecting the acceleration and retardation. In addition, double acting function based hydraulic cylinders are extensively used for heavy trucks, forklifting, and earth moving equipment, which will considerably drive overall hydraulic cylinder market share. Single acting hydraulic cylinder market was worth USD 3.12 billion in 2015 and will record substantial growth rate over the coming timeframe.
Geographically, U.S. hydraulic cylinder industry is predicted to generate a revenue of more than USD 3 billion by 2025, owing to heavy investments in the material handling, defense, and aerospace sectors.
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China hydraulic cylinder market will collect a revenue of more than USD 1 billion by 2025. The growth can be attributed to the increasing expenditure in infrastructure development. In the years ahead, the Chinese government is willing to invest around USD 151 million in Hubei Xiaogan logistics infrastructure project.
Brazil hydraulic cylinder industry will exhibit an annual growth rate of more than 4% over the period of 2016 to 2025, primarily driven by rising investments in the transportation sector. Russia hydraulic cylinder market will also register a CAGR of more than 3% over the coming eight years. The growth can be attributed to the surging requirement of construction and agricultural equipment.
Table Of 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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