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Hydraulic Cylinders Market Worth $16,333.1 Million by 2025 | Key Segments, Drivers and Restraints
Hydraulic Cylinders Market
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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.
Hydraulic cylinders are mechanical equipment that offer linear movement for lifting heavy loads or handling bulky materials in industrial and mobile applications. These cylinders are used in construction, load lifting, and equipment handling machinery. Based on function, it is categorized into single acting cylinders and double acting cylinders. The hydraulic cylinders consist of cylinder barrel, base, head, piston, piston rod, and seals.
The growth of the global hydraulic cylinders market is driven by rise in the material handling equipment industry. Increase in new technologies such as SGH wire-actuated encoders, which measure the cylinder stroke in the hydraulic cylinder, boost the demand for hydraulic cylinder across the world. Growth in the construction equipment market is anticipated to provide potential opportunities for the key players operating in the market.
However, hydraulic cylinders are expensive, and its maintenance & operation costs are very high. This factor restricts the growth of the global hydraulic cylinders market. Rise in labor cost in construction and mining activities is expected to offer growth opportunities for the hydraulic cylinder industries in near future.
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Hydraulic cylinders Key Market Segments:
By Function
Single acting cylinders
Double acting cylinders
By Design
Tie-rod cylinders
Welded cylinders
By Bore Size
Less than 50mm
51mm to 100 mm
101mm to 150 mm
Greater than 151 mm
By Region
North America
Europe
Asia-Pacific
LAMEA
Key Players
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
Wipro Enterprises Limited
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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