2024 Hydraulic Cylinder Market Report: Market Size, Growth Drivers, And Key Trends | Caterpillar Inc., Thermo Fisher Scientific Inc., Linde plc, Eaton Corporation, Parker-Hannifin Corporation

"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.

Market Overview -
Hydraulic cylinders refer to actuation devices that use pressurized hydraulic fluid to produce linear motion and force. It is a mechanical actuator that gives a unidirectional force through a unidirectional stroke.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6427&type=smp

Thriving Construction Industry Fuels Growth In Hydraulic Cylinder Market
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.

Competitive Landscape -
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.

Innovation Surges In The Hydraulic Cylinder Market
Product innovation is a key trend gaining popularity in the hydraulic cylinder market. 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 molding. The advanced features include its sophisticated temperature management, does not require active liquid cooling of the actuation unit.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/hydraulic-cylinder-global-market-report

Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.