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Exploring Growth Factors, Size, Share, and Outlook of the Hydraulic Cylinder Market by 2024-2033 || Caterpillar Inc., Thermo Fisher Scientific Inc., Linde plc

Hydraulic Cylinder Global Market Report 2024

Hydraulic Cylinder Global Market Report 2024

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Hydraulic Cylinder Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The hydraulic cylinder market size has grown strongly in recent years. It will grow from $18.4 billion in 2023 to $19.45 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to industrial growth, automation trends, infrastructure development, mining and exploration activities, manufacturing sector dynamics, energy sector investments.

The hydraulic cylinder market size is expected to see strong growth in the next few years. It will grow to $24.2 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to increasing automation, renewable energy expansion, urbanization and construction boom, focus on sustainability, mining industry resilience. Major trends in the forecast period include advanced material adoption, smart hydraulic systems, environmental sustainability, customization for diverse industries, energy-efficient solutions, integration of robotics and automation.

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Key Market Players:

Major companies operating in the hydraulic cylinder market report are Caterpillar Inc., Thermo Fisher Scientific Inc., Linde plc, Eaton Corporation, Parker-Hannifin Corporation, Liebherr Group, Kawasaki Heavy Industries Ltd., Wipro Infrastructure Engineering (WIN), Bosch Rexroth, SMC Corporation, HYDAC International GmbH, The Timken Company, Trelleborg Group, The Jiangsu Hengli Hydraulic Co. Ltd., BDI Express, Taiyo Ltd., Standex International Corporation, Enerpac Tool Group, Sun Hydraulics LLC, Texas Hydraulics Inc., Prince Manufacturing Corporation, High Purity Laboratory Chemicals Pvt. Ltd., Ligon Industries LLC, Zenith Hydromatic, LEO engineers, Spareage Hydro, Kangaroo Hydraulics Private Limited, Swapnapoorti Hydraulics, KYB Americas Corporation, Tianjin Henghua Pipeline Technology Co. Ltd.

Market Drivers:

The significant increase in demand from the construction industry is expected to drive the growth of the hydraulic cylinder market. 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. For instance, according to the Ministry of Statistics and Programme Implementation, a ministry of the Government of India concerned with coverage and quality aspects of statistics released, the construction industry is expected to rise in double digits in FY22, rebounding from an 8.6% decline last year, thanks to the base effect and the economy's forecast 9.2% expansion. The significant increase in demand from the construction industry is likely to drive the growth of the hydraulic cylinder market.

Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/hydraulic-cylinder-global-market-report

The hydraulic cylinder market covered in this report 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

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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