Hydraulic Cylinder Market Size, Share, Trends, Growth 2032
Hydraulic Cylinder Market By Product Type (Tie-Rod Cylinders, Welded Cylinders, Telescopic Cylinders, Mill Type Cylinders, Threaded Cylinders, and Others), By Function (Single Acting Cylinders, Double Acting Cylinders, and Multi-Stage/Tandem), by Bore Size (Less Than 50 mm, 51 mm to 100 mm, 101 mm to 150 mm, and Greater Than 151 mm), By Application (Industrial Equipment and Mobile Equipment), and by End-Use Industry (Aerospace & Defense, Oil & Gas, Agriculture, Material Handling, Automotive, Construction, Mining, Marine, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 15.55 Billion | USD 23.51 Billion | 4.7% | 2023 |
Hydraulic Cylinder Industry Prospective:
The global hydraulic cylinder market size was worth around USD 15.55 billion in 2022 and is predicted to grow to around USD 23.51 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.7% between 2023 and 2030.
In order to offer the users of this report, a comprehensive view of the hydraulic cylinder market, we have enclosed a detailed value chain analysis. To know the competitive landscape, an analysis of Porter’s Five Forces model for the hydraulic cylinder market has additionally been enclosed. The study further includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.
Hydraulic Cylinder Market: Growth Drivers
Hydraulic cylinders are used in multiple end-user industries, such as aerospace and defense, oil and gas, agriculture, material handling, automotive, construction, mining, marine, etc.
The global hydraulic cylinder market is likely to experience significant growth over the upcoming years, owing to the flourishing automotive industry globally. Additionally, the increase in consumer awareness and affordability is driving the high-quality lubricants demand, which is expected to fuel the global hydraulic cylinder market over the forecast time period. Rising investments in various industries like aerospace and defense, oil and gas, automotive, and construction are also expected to support the hydraulic cylinder market in the years to come.
However, the rise in environmental hazards concerns related to mineral oil lubricants may hamper the growth of the global hydraulic cylinder market. Alternatively, the flourishing automotive industry in the Middle East and Africa is likely to offer new growth opportunities to the major market players.
The study also includes the market share of the key participant’s operating in the hydraulic cylinder market across the globe. Additionally, the report covers the strategic development along with acquisitions and mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of the key players within the market on a regional basis.
Hydraulic Cylinder Market: Segmentation
The global hydraulic cylinder market is mainly divided into product type, function, bore size, application, and end-user.
On the basis of product type, the global hydraulic cylinder market includes tie-rod cylinders, welded cylinders, telescopic cylinders, mill type cylinders, threaded cylinders, and others.
On the basis of function, the global hydraulic cylinder market is fragmented into double acting cylinders, single acting cylinders, and multi-stage/tandem.
On the basis of bore size, the global market end-use industries greater than 151 mm, 101 mm to 150 mm, 51 mm to 100 mm, and less than 50 mm.
By application, the global hydraulic cylinder market includes mobile equipment and industrial equipment.
The end-use industry segment includes aerospace and defense, construction, agriculture, material handling, automotive, mining, oil and gas, marine, and others.
Hydraulic Cylinder Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Hydraulic Cylinder Market |
| Market Size in 2023 | USD 15.55 Billion |
| Market Forecast in 2032 | USD 23.51 Billion |
| Growth Rate | CAGR of 4.7% |
| Number of Pages | 110 |
| Key Companies Covered | Bosch Rexroth, Jiangsu Hengli Hydraulic, Jarp Industries, Pacoma, Parker Hannifin, Kawasaki Heavy, Caterpillar, Actuant Corporation, Wipro Enterprises, Texas Hydraulics, HYDAC, Eaton Corporation, SMC Corporation, Best Metal Products, WEBER-HYDRAULIK, and Liebherr Group |
| Segments Covered | By product type, By function, By design, By bore size, By application, By end-use industry and By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Hydraulic Cylinder Market: Regional Analysis
The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
In 2018, the Asia Pacific region was the largest hydraulic cylinder market globally. This growth was mainly due to the rising use of vehicles in the region. Moreover, the Asia Pacific region is anticipated to be the fastest growing market for hydraulic cylinder over the next few years, owing to the increasing demand for hydraulic cylinder from various end-use industries, such as aerospace and defense, oil and gas, agriculture, material handling, automotive, construction, mining, and marine.
Hydraulic Cylinder Market: Competitive Analysis
The global hydraulic cylinder market is led by players like:
- Bosch Rexroth
- Jiangsu Hengli Hydraulic
- Jarp Industries
- Pacoma
- Parker Hannifin
- Kawasaki Heavy
- Caterpillar
- Actuant Corporation
- Wipro Enterprises
- Texas Hydraulics
- HYDAC
- Eaton Corporation
- SMC Corporation
- Best Metal Products
- WEBER-HYDRAULIK
- Liebherr Group
This report segments the global hydraulic cylinder market into:
Global Hydraulic Cylinder Market: Product Type Analysis
- Tie-Rod Cylinders
- Welded Cylinders
- Telescopic Cylinders
- Mill Type Cylinders
- Threaded Cylinders
- Others
Global Hydraulic Cylinder Market: Function Analysis
- Single Acting Cylinders
- Double Acting Cylinders
- Multi-Stage/Tandem
Global Hydraulic Cylinder Market: Bore Size Analysis
- Less Than 50 mm
- 51 mm to 100 mm
- 101 mm to 150 mm
- Greater Than 151 mm
Global Hydraulic Cylinder Market: Application Analysis
- Industrial Equipment
- Mobile Equipment
Global Hydraulic Cylinder Market: End-Use Industry Analysis
- Aerospace and Defense
- Oil and Gas
- Agriculture
- Material Handling
- Automotive
- Construction
- Mining
- Marine
- Others
Global Hydraulic Cylinder Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
Table Of Content
Methodology
FrequentlyAsked Questions
Utilizing a unidirectional stroke, hydraulic cylinders are mechanical actuators that generate unidirectional force. It is an essential element of hydraulic systems, which convert fluid pressure into mechanical motion. It is frequently encountered in apparatus and equipment that are employed in industries such as agriculture, manufacturing, and construction.
The demand for hydraulic cylinders utilized in construction apparatus and equipment is stimulated by the expansion of infrastructure projects, including roads, bridges, and buildings. Hydraulic cylinders are necessary for apparatus and equipment in a variety of industries due to the increased production activities and automation, which has promoted market growth.
The global hydraulic cylinder market size was worth around USD 15.55 billion in 2022 and is predicted to grow to around USD 23.51 billion by 2030.
The global hydraulic cylinder market a compound annual growth rate (CAGR) of roughly 4.7% between 2023 and 2030.
The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
Some major players of the global hydraulic cylinder market are Bosch Rexroth, Jiangsu Hengli Hydraulic, Jarp Industries, Pacoma, Parker Hannifin, Kawasaki Heavy, Caterpillar, Actuant Corporation, Wipro Enterprises, Texas Hydraulics, HYDAC, Eaton Corporation, SMC Corporation, Best Metal Products, WEBER-HYDRAULIK, and Liebherr Group.
RelatedNews
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed