Hydraulic Cylinder Market Size, Share, Application, Key Trends, End Users, By 2030

Global Hydraulic Cylinder Market size was $12996.37376 million in 2019, $14015.18549 in 2021, and is anticipated to grow to a value of more than $22300 million by 2030, with an increasing CAGR (compound annual growth rate) of over 4% from 2022 to 2030.

A hydraulic cylinder, also known as a linear hydraulic motor, is a mechanical actuator that transmits power in one direction only by means of a single stroke. It has several uses, particularly in the design of construction hardware (vehicles), manufacturing equipment, elevators, and civil engineering.

It is projected that the need for custom hydraulic cylinders to be fitted in the manufacturing line will increase as existing industrial units are upgraded. Many setups are concentrating on automating and semi-automating the process, which is expected to be the main element propelling the hydraulic cylinder market in the upcoming years.

It is anticipated that increased use of hydraulic machinery would result from the mechanisation of various economic sectors, including healthcare, agriculture, and others. Farm hydraulic cylinders, which can be used in tractors and small agricultural equipment, have grown to be a significant market for producers.

Another industry with a tremendous promise for large and sophisticated companies is the growing size of dock yards and harbours as a result of increased international trade activity.
Single-acting and double-acting hydraulic cylinders are the two primary types of hydraulic cylinders. Single-acting cylinders can only be stretched by the pressure of a pump, and they can only be compressed by the weight of a load or an internal spring. Telescopic, tie rod, mill type, and welded hydraulic cylinders with bore sizes of less than 50 mm, 50 to 150 mm, and more than 150 mm are the types that are typically used in mobile and industrial equipment. Construction, aerospace & military, material handling, agricultural, automotive, mining, oil & gas, maritime, and other end-user industries are just a few of the industries that use hydraulic cylinders.
An apparatus that transforms hydraulic energy into a linear force and movement is a hydraulic cylinder. Additionally, it is a linear hydraulic motor having a moving component operating in a cylindrical bore, such as a piston with a piston rod or a plunger. As a linear motor and structural component, the hydraulic cylinder is significantly impacted by the environment.

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Global Hydraulic Cylinder Market: Key trends

The Surge in Construction Activities Driving the Market Growth

Developing construction activities are contributing fundamentally to the development of the global hydraulic industry. Hydraulic cylinders are popular in the construction business because of their enormous scope of capacities and applicability. These chambers are utilized in both large equipment (like tractors, bulldozers, and excavators, as well as more modest gear like diggers, lifts, and cement siphoning frameworks). Construction activities have expanded significantly as of late because of government financing and drives, particularly in developing economies. Thus, the worldwide Hydraulic cylinders market is seeing critical development patterns.

Flourishing Shipping Industry Fuelling the Market Demand for Hydraulic Cylinders

Dockyards in the transportation business are regularly heaped many feet high with delivery compartments of varying sizes and loads. Since lifting gear is utilized to move these enormous compartments, consequently, such lifting hardware is sought after in this industry. Also, as internet business has filled in popularity, the transportation business has flourished as of late, requiring the transport of merchandise across boundaries and oceans. Subsequently, the requirement for lifting hardware will rise, impelling the interest for Hydraulic cylinders.

Global Hydraulic Cylinder Market: Segment Analysis

Global Hydraulic Cylinder Market based by Function
• Single acting
• Double acting
Global Hydraulic Cylinder Market based by specification
• Welded
• Tie rod
• Telescopic
• Mill type
•
Global Hydraulic Cylinder Market based by application
• Industrial
• Mobile
Global Hydraulic Cylinder Market based by bore size
• 150 MM

Global Hydraulic Cylinder Market based by industry
• Construction
• Aerospace
• Material handling
• Agriculture
• Mining
• Automotive
• Marine
• Oil and Gas

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Major developments

• In June 2021, SMC Corporation launched an updated Compact Guide Cylinder product line known as the MGPK Series that was designed to be compact and feature a 28% reduction in volume and 41% reduction in weight compared with the previous models.
• In June 2021, Jiangsu Hengli announced the successful completion of its 500T Heave Compensator Project that comprised of 1 main hydraulic cylinder, 3 accumulators, and 2 nitrogen pressure vessels. This has allowed minimum weight and ensured reliable strength which provides better operations and performance even under harsh ocean conditions.

COVID-19 Impact
The COVID-19 epidemic has had a severe impact on the hydraulic cylinders market globally. Due to the temporary limits and shutdowns of the construction, mining, and every other end-use industry during the pandemic, the hydraulic cylinders market saw a sharp fall in demand. The hydraulic cylinders market suffered as a result of the worldwide shutdown and the abrupt interruption of the supply chain. After the lockdown and limitations are released, the market is anticipated to rebound quickly.

Frequently Asked Questions
• What is the growth rate projection for Global Hydraulic Cylinder Market over 2022-2030?
• What are the growth propellants for Global Hydraulic Cylinder Market?
• What are the major segments covered in the Global Hydraulic Cylinder Market report?
• Which bore size segment leads the Global Hydraulic Cylinder Market?
• Which region leads the Global Hydraulic Cylinder Market?

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