Hydraulic Cylinder Market is Estimated to Surpass Revenues Worth US$ 26,000 Mn by 2031-end

Hydraulic Cylinder Market 2022-2031

In its new report, Persistence Market Research (PMR) projects the global market for hydraulic cylinders to register a stable expansion over the forecast period (2017-2031). Worldwide sales of hydraulic cylinders are estimated to surpass revenues worth US$ 26,000 Mn by 2031-end.

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Growing Adoption of Material Handling Equipment to Propel Demand for Hydraulic Cylinders

There has been a growing demand for equipment based on hydraulic cylinder in industries such as defense, aerospace, agriculture, mining, construction and manufacturing. Expansion in the global trade coupled with increasing level of industrial production has spurred adoption of these equipment in OEMs, thereby fuelling demand for hydraulic cylinders.

In addition, material handling equipment viz. electronic overhead travelling cranes, stackers, and level luffing cranes are witnessing tremendous adoption in various industries such as oil refineries, retail, power & energy, and food & beverage, other than engineering and construction sectors. These material handling equipment require hydraulic cylinders to manage products having excessive weight, thereby boosting the market expansion.

With stable growth in economy of emerging countries such as India and China post-global economic recession has paved the way for appearance of numerous small-scale manufacturing and construction companies. Several industries in the developed regions are outsourcing their manufacturing requirements continuously to emerging countries to leverage low labor costs.

Additionally, several global organizations are moving their manufacturing bases to these countries for benefitting from the low-cost manufacturing capacity, and existence of significantly skilled labor. These incidences have meant that the hydraulic cylinder market has been continuously influenced by rising in investments in manufacturing and construction sector from both international as well as regional vendors.

Key Players:

The report has profiled some of the Important players prevalent in the global like – Mitsubishi Electric Corporation, Emerson, ABB, SKF AB, Aisin Seiki, Sumitomo Corporation, ZF Friedrichshafen AG, Parker Hannifin, Eaton, and Bosch Rexroth and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Hydraulic Cylinder.   

Key Takeaways from PMR’s Report on Hydraulic Cylinders Market

North America and Europe are gauged to remain the most financially rewarding regions for growth of the hydraulic cylinders market. Revenues from the hydraulic cylinders markets in these two regions are projected to account for roughly three-fifth share of the market during 2017 to 2022. Asia-Pacific excluding Japan (APEJ) is anticipated to remain the fastest expanding market for hydraulic cylinders.

Between Middle East & Africa (MEA) and Japan, the former will witness a relatively faster expansion in the market, while the latter will remain more lucrative in terms of revenues over the forecast period.

Welded cylinders will remain sought-after design type for hydraulic cylinders among end-users, with sale projected to surpass US$ 10,000 Mn in revenues by 2026-end.

Sales of hydraulic cylinders with bore size of 51-100 will continue to be the most lucrative in the market, followed by above 150 bore size. However, sales of hydraulic cylinders with bore size of 26-50 and 101-150 are projected to exhibit a relative higher CAGR through 2026.

On the basis of function, although double acting cylinders are projected to account for a relatively larger market revenue share, revenues from sales of single acting cylinders will witness a comparatively faster expansion over the forecast period.

Hydraulic cylinders are anticipated to seek the largest application in agriculture and forestry, with revenues poised to account for nearly one-third market share by 2026-end. Mining and construction are also expected to remain financially worthwhile applications of hydraulic cylinders. Revenues from hydraulic cylinder sales in industrial equipment, on the other hand, will continue to be sluggish throughout the forecast period.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Hydraulic Cylinder Market Manufacturers 
Hydraulic Cylinder Market Distributors/Traders/Wholesalers 
Hydraulic Cylinder Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Major Highlights of the Hydraulic Cylinder Market Report:

The Hydraulic Cylinder Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.

The report dives deeper into the market and explains the dynamic factors bolstering market growth.

The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.

The report analyzes the Hydraulic Cylinder Market presence across major regions of the world.

It determines the production & consumption capacities and demand & supply dynamics of each regional market.

The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.

It provides company overview and SWOT analysis of each of the market players.

Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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