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Hydraulic Cylinder Market Analysis 2023: Growth Drivers, Opportunities, Size, Trends And Demand 2032 | Bosch Rexroth, Eaton, SMC Corporation, HYDAC, Texas Hydraulics Inc
Hydraulic Cylinder Market
The Business Research Company's Hydraulic Cylinder Global Market Report 2023 identifies significant increase in demand from the construction as the major driver for the Hydraulic Cylinder market's growth in the forecast period. Since construction projects are becoming more complex with higher demand for infrastructure, the construction industry has been the most affected industry by the development of and implementation of hydraulic technologies.
The global hydraulic cylinder market size grew from $17.47 billion in 2022 to $18.33 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the hydraulic cylinder market is expected to grow to $22.32 billion in 2027 at a CAGR of 5.0%.
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Major competitors in the Hydraulic Cylinder market are Bosch Rexroth, Eaton, SMC Corporation, HYDAC, Texas Hydraulics Inc.
A key trend in the Hydraulic Cylinder market includes Product innovation. Many companies operating in the hydraulic cylinder market are looking for the new innovative products to strengthen their position in the market. For instance, in October 2021, Oerlikon HRS flow, an India-based company that designs and manufactures hot runner systems for all industries in plastic injection molding, presented a further development of the HRS cool hydraulic cylinder system for hot runner injection moulding. The advanced features include its sophisticated temperature management, does not require active liquid cooling of the actuation unit.
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The Hydraulic Cylinder market is segmented -
1. By Function: Single Acting Hydraulic Cylinder, Double Acting Hydraulic Cylinder
2. By Specification: Telescopic Cylinder, Tie Rod Cylinder, Mill Type Cylinder, Welded Cylinder
3. By Bore Size: Less Than 50 MM, 50 to 150 MM, Greater Than 150 MM
4. By Application: Industrial Equipment, Mobile Equipment
5. By End-User: Construction, Aerospace And Defense, Material Handling, Agriculture, Automotive, Mining, Oil And Gas, Marine, Other End-Users
6. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Hydraulic Cylinder market.
The Business Research Company's "Global Hydraulic Cylinder Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hydraulic Cylinder Market Include:
1. Executive Summary
2. Hydraulic Cylinder Market Characteristics
3. Hydraulic Cylinder Market Trends And Strategies
4. Hydraulic Cylinder Market - Macro Economic Scenario
5. Hydraulic Cylinder Market Size And Growth
……
26. Africa Hydraulic Cylinder Market
27. Hydraulic Cylinder Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydraulic Cylinder Market
29. Hydraulic Cylinder Market Future Outlook and Potential Analysis
30. Appendix
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