Press release
Prominent Hydraulic Cylinder Market Growth Factors, Segments, and Emerging Trends 2025 - 2034
Hydraulic Cylinder Market Size
The growth of the hydraulic cylinder market is anticipated to be propelled by a notable surge in demand from the construction industry. Construction projects are evolving to become more complex, with an increasing need for infrastructure. Consequently, the construction sector is highly influenced by the advent and adoption of hydraulic technologies. The construction sector, for example, according to the Ministry of Statistics and Programme Implementation, an agency of the Government of India responsible for the breadth and quality of statistical information, is expected to register a strong double-digit growth in FY22. This surge follows an 8.6% downturn in the previous year and can be accredited primarily to the base effect plus the projected 9.2% expansion of the economy. The expected increase in demand from the construction industry could significantly spur the expansion of the hydraulic cylinder market.
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What is the projected compound annual growth rate (CAGR) of the hydraulic cylinder market from 2025 to 2034, and what factors influence it?
The market size for hydraulic cylinders has seen substantial growth in the past years. There's a projected increase from $19.3 billion in 2024 to $20.34 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.4%. The historic growth patterns can be traced back to the expansion of the industry, automation tendencies, advancements in infrastructure, activities in mining and exploration, manufacturing sector changes, and investments in the energy sector.
The market for hydraulic cylinders is anticipated to experience robust growth in the coming years, with projections estimating its worth to reach $25.6 billion by 2029, a 5.9% compound annual growth rate (CAGR). This growth during the forecast period is attributed to factors like enhanced automation, growth in renewable energy, urbanization and booming construction, focus on sustainable practices, and resilience in the mining industry. Key trends expected during the forecast period involve the use of advanced materials, intelligent hydraulic systems, emphasis on environmental sustainability, customized solutions for a variety of industries, energy-efficient alternatives, and the incorporation of robotics and automation.
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How are the latest trends influencing the growth of the hydraulic cylinder market?
Product innovation is emerging as a crucial trend in the hydraulic cylinder market. Numerous firms in this market are seeking novel and creative products to consolidate their industry position. For instance, in September 2024, Idroteck, a hydraulic components producer based in Italy, unveiled a new BIM models database for its hydraulic compact cylinders, empowered by CADENAS. The objective of this launch is to optimize the design process for engineers and designers by providing straightforward access to precise 3D models of Idroteck's offerings. The database has an intuitive interface, enabling users to search and download models in various formats, suitable for different CAD software. Through assimilating these models into their designs, users can enhance workflow and boost project effectiveness, which echoes Idroteck's pledge to back the engineering community and foster innovation.
What are the major segments of the hydraulic cylinder market and their role in driving growth?
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
Subsegments:
1) By Single Acting Hydraulic Cylinder: Spring Return Single Acting Cylinders, Gravity Return Single Acting Cylinders
2) By Double Acting Hydraulic Cylinder: Standard Double Acting Cylinders, Cushioning Double Acting Cylinders, Double Acting Telescopic Cylinders
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Which regions are key players in the growth of the hydraulic cylinder market?
Asia-Pacific was the largest region in the hydraulic cylinder market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic cylinder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the hydraulic cylinder market?
Major companies operating 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
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What Is Covered In The Hydraulic Cylinder Global Market Report?
•Market Size Forecast: Examine the hydraulic cylinder market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hydraulic cylinder market for a structured understanding.
•Key Players Overview: Analyze major players in the hydraulic cylinder market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hydraulic cylinder market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hydraulic cylinder market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hydraulic cylinder market.
•Industry Challenges: Identify potential risks and obstacles affecting the hydraulic cylinder market.
•Competitive Landscape: Review strategic developments in the hydraulic cylinder market, including expansions, agreements, and new product launches.
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