Press release
Hydraulic Cylinder Market: Growth Predicted from $19.3 Billion in 2024 to $25.6 Billion in 2029
Hydraulic Cylinder Market
What Is The Projected Market Size Of The Global Hydraulic Cylinder Market And Its Growth Rate?
The hydraulic cylinder market has witnessed potent growth with key aspects contributing to its rising market size:
• The market, valued at $19.3 billion in 2024, is projected to increase to $20.34 billion in 2025, growing at a CAGR of 5.4%.
• This growth reflects industrial progression, automation trends, infrastructure development, mining activities, and energy sector investments.
• The forecast period foresees a vibrant market growth to $25.6 billion in 2029 at a CAGR of 5.9%.
• Future growth catalysts include automation rise, renewable energy expansion, urbanization, focus on sustainability, and mining industry resilience.
What Is Driving The Growth In The Hydraulic Cylinder Market?
The increase in construction industry demand is influencing the hydraulic cylinder market growth. Complex infrastructure requirements have augmented the construction industry, which heavily relies on hydraulic technology developments. For example, the Ministry of Statistics and Programme Implementation in India projects a double-digit rise in the construction industry for FY22, bouncing back from an 8.6% decline the previous year. This is expected to contribute to the growth of the hydraulic cylinder market.
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Who Are the Key Players Driving Hydraulic Cylinder Market Growth?
Key players in the hydraulic cylinder market include:
• Caterpillar 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 Jiangsu Hengli Hydraulic Co. Ltd.
• Taiyo Ltd.
• Enerpac Tool Group
• Sun Hydraulics LLC
• Texas Hydraulics Inc.
• Prince Manufacturing Corporation
• Ligon Industries LLC
• Zenith Hydromatic
• LEO engineers
• Spareage Hydro
• Kangaroo Hydraulics Private Limited
• Swapnapoorti Hydraulics
• KYB Americas Corporation
What Are The Key Trends In The Hydraulic Cylinder Market?
Key trends in the hydraulic cylinder market include:
• Adoption of advanced materials
• Smart hydraulic systems
• Environmental sustainability
• Customization for diverse industries
• Energy-efficient solutions
• Integration of robotics and automation
What Are The Segments Of The Global Hydraulic Cylinder Market?
The hydraulic cylinder market is characterized by the following segments:
• Function: Single Acting Hydraulic Cylinder, Double Acting Hydraulic Cylinder
• Specification: Telescopic Cylinder, Tie Rod Cylinder, Mill Type Cylinder, Welded Cylinder
• Bore Size: Less Than 50 MM, 50 to 150 MM, Greater Than 150 MM
• Application: Industrial Equipment, Mobile Equipment
• End-User: Construction, Aerospace And Defense, Material Handling, Agriculture, Automotive, Mining, Oil And Gas, Marine, Other End-Users
Which Region Leads The Hydraulic Cylinder Market?
Asia-Pacific led the hydraulic cylinder market in 2024 and is forecasted to be the fastest-growing region. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Hydraulic Cylinder Market Global Market Report?
- Market Size Analysis: Analyze the Hydraulic Cylinder Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hydraulic Cylinder Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hydraulic Cylinder Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hydraulic Cylinder Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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