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Hydraulic Cylinder Market Share, Size & Industry Trends Analysis Report, 2020-2027

03-31-2021 04:05 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Growth Opportunities in the Hydraulic Cylinder Market look promising over the next six years. This is mainly due to the improved accuracy and precision, increased speed, high efficiency, and power generation, followed by the rapid industrialization and development of infrastructure in several developing countries.

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Hydraulic Cylinder Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The improved accuracy and precision, increased speed, followed by high efficiency, and power generation are the key drivers contributing to the growth of the global hydraulic cylinder market share in terms of revenue. The rapid industrialization and development of infrastructure in several developing countries are boosting the demand for hydraulic cylinders. As per the hydraulic cylinder market report, rapid R&D activities and technological advancements in the hydraulic cylinder is projected to surge the growth of the hydraulic cylinder market in the coming years. Factors such as versatility, low power consumption, reliability and safety, resistance to harsh conditions included in such cylinders will fuel the demand for the market. On the other hand, the high cost of manufacturing and maintenance, followed by the leakage issue regarding hydraulic cylinder. Hydraulic cylinders run on hydraulic fluids, specifically on oil. Several factors like inappropriate fittings and connections, coupled with environmental parameters, such as shocks, vibrations, and temperature variations, results in oil leakage in hydraulic cylinders. In industries including construction and mining, which need extensive earthworks and deploying large fixed and mobile plants in an environmentally sensitive location, the issue of leakage persists widely. This leakage is not only exclusive but also hazardous to personnel and the environment.

Regional Drivers

Based on the region, Asia-Pacific is anticipated to grow at a faster CAGR in the coming years due to the rapid development in infrastructure and growing industrialization. The increasing demand for hydraulic cylinders in the construction and agriculture sector is further augmenting the market growth.

To Know More About Hydraulic Cylinder Market - https://www.gmiresearch.com/report/global-hydraulic-cylinder-market

Function Segment Drivers

Based on the function, the market is segmented into single-acting hydraulic cylinders and double-acting hydraulic cylinders. Double-acting hydraulic cylinders is expected to lead the market due to the growing usage in automotive, agriculture, and various other sectors owing to their retraction property. Double-acting hydraulic cylinders have increased demand in mobile applications, including tractors, lifting equipment, telescopic loaders, harvesters, forklifts, earth moving equipment, and heavy trucks.

Hydraulic Cylinder Market’s leading Manufacturers:

• Actuant Corporation
• Bosch Rexroth
• Caterpillar Inc.
• Eaton Corporation
• KYB Corporation
• Parker Hannifin
• SMC Corporation
• Jiangsu Hengli Hydraulic
• Wipro Enterprises
• Hydac

Hydraulic Cylinder Market Segmentation:

Segmentation by Function:
• Single-acting hydraulic cylinders
• Double-acting hydraulic cylinders

Segmentation by Specification:
• Welded Cylinder
• Tie-Rod Cylinder
• Telescopic Cylinder
• Mill-Type Cylinder

Segmentation by Application:
• Mobile
• Industrial

Segmentation by Bore Size:
• 150 MM

Segmentation by Industry:
• Construction
• Aerospace & Defense
• Material Handling
• Agriculture
• Automotive
• Mining
• Oil & Gas
• Marine
• Others

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

Media Contact

Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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