Press release
Hydraulic Cylinders Market Size, Share, Analysis-2025 | By Function, Design
Hydraulic cylinders market Overview: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.
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Hydraulic cylinders are used for creating mechanical force in a linear motion using hydraulic fluids. The hydraulic fluid under hydraulic pressure acts on the surface to cause a linear movement of the piston that is directly connected to the load. The hydraulic fluids include mineral oil, synthetic oils, and emulsions. Hydraulic cylinders have many applications, namely in construction equipment, engineering vehicles, manufacturing machinery, and civil engineering.
Factors such as increase in demand for efficient construction and mining activity as well as emergence of new technologies, fuel the demand for material handling equipment, which in turn, boost the growth of the hydraulic cylinder market. However, high cost and regular maintenance hampers the market growth. Furthermore, continuous launch of new and improved technologies is expected to provide lucrative growth opportunities for this market globally.
The hydraulic cylinder market is segmented based on function, design, and bore size. Based on function, the market is bifurcated into single acting cylinder, and double acting cylinder. By design, it is categorized into tie-rod cylinders, and welded cylinders. Further based on bore size, it is divided into less than 50mm, 51mm to 100 mm, 101mm to 150 mm, and greater than 151 mm. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Key Players
The report contains profiles of key players, such as Bosch Rexroth AG, Actuant Corporation, Eaton Corporation Plc, Parker Hannifin Corporation, Caterpillar Inc., Jiangsu Hengli Hydraulic Co., Ltd., Wipro Enterprises Limited, Kawasaki Heavy Industries, Texas Hydraulics, and Jarp Industries.
Key Benefits for hydraulic cylinders market:
The report provides an extensive analysis of the current as well as emerging trends and dynamics in the global hydraulic cylinder market.
An in-depth analysis is conducted by constructing market estimations for the key market segments between 2017 and 2025.
An extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities across various geographies.
The key market players are profiled, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the market.
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