Press release
Global Hydraulic Cylinder Market Projected to Grow at 5.9% CAGR, Reaching $25.6 Billion by 2029
Hydraulic Cylinder Market
Hydraulic Cylinder Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the hydraulic cylinder market has seen significant growth. The market is forecasted to expand from $19.3 billion in 2024 to $20.34 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.4%. The historical growth can be credited to developments in the industrial sector, advancement in automation, enhancement in infrastructure, activities in mining and exploration, changes in the manufacturing sector, and investments in the energy sector.
Hydraulic Cylinder Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for the hydraulic cylinder market to witness significant expansion in the coming years. The projection points to a rise to $25.6 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.9%. This predicted growth throughout the forecast period is due to factors such as increasing automation, expansion of renewable energy, urban growth, a booming construction sector, focus on sustainability, and resilience in the mining industry. The forecast period is also likely to see trends like the adoption of advanced materials, smart hydraulic systems, environmental sustainability, customization for various industries, energy-efficient solutions, and the integration of robotics and automation.
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What Are the Drivers Transforming the Hydraulic Cylinder Market?
The growth of the hydraulic cylinder market is poised to be propelled by the significant rise in demand from the construction industry. Construction projects have been increasingly complex as the industry experiences a surge in infrastructure needs, reflecting highly on the impact of the development and implementation of hydraulic technologies. For example, projections from the Ministry of Statistics and Programme Implementation, a respected sector of the Government of India that handles the coverage and quality of statistics, foresee a substantial double-digit rise in the construction industry for FY22. This expected increase is a bounce back from an 8.6% drop experienced the previous year, and can be compared to the predicted 9.2% expansion of the overall economy. This strong demand from the construction sector is anticipated to fuel the growth trajectory of the hydraulic cylinder market.
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What Long-Term Trends Will Define the Future of the Hydraulic Cylinder Market?
The emergence of product innovation is a prime trend making waves in the hydraulic cylinder market. Numerous businesses operating in this industry are seeking out new, groundbreaking products to fortify their market standing. For instance, Idroteck, an Italian hydraulic components manufacturer, in September 2024, debuted a new BIM models database for its hydraulic compact cylinders, powered by CADENAS. The aim of this launch is to enrich the design process for engineers and designers, by providing straightforward access to precise 3D models of Idroteck's offerings. This user-friendly database allows for easy searching and downloading of models in myriad formats that are compatible with various CAD software. Users integrating these models in their designs can enhance their workflows and boost project efficiency, underscoring Idroteck's dedication to backing the engineering fraternity and fostering innovation.
Which Segments in the Hydraulic Cylinder Market Offer the Most Profit Potential?
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 Firms Dominate the Hydraulic Cylinder Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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