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Hydraulic Cylinders Market Trends, Growth Analysis & Industry Forecast by 2025
Hydraulic Cylinders Market
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Hydraulic Cylinders Market by Function (Single Acting Cylinder, and Double Acting Cylinder), Design (Tie-Rod Cylinders, and Welded Cylinders), and Bore Size (Less Than 50mm, 51mm to 100 Mm, 101mm to 150 Mm, and Greater Than 151 Mm)
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.
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Key Market 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.
Key Findings
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.
The less than 50mm bore size segment is anticipated to grow at a CAGR of 6.0% during the forecast period.
The welded cylinders generated $6,578.00 million revenue in 2017 and is anticipated to grow at a significant CAGR.
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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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