Hydraulic Cylinders Market: Key Growth Insights

The “Hydraulic Cylinders Market Research Report Overview by 2024” market size is reached USD 10.94 billion by 2018 and it is projected to reach USD 19.77 billion by 2032 between the forecast period and expected Compound annual growth rate of 4% between the forcast period by (2018-2032).

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Hydraulic Cylinders Market Share, Size and Industry Analysis By Function (Single Acting Hydraulic Cylinder, Double Acting Hydraulic Cylinder), By Product Type (Welded Cylinder, Tie Rod Cylinder & Others), By Application (Industrial Equipment & Mobile Equipment), By End-Use Industry (Construction, Agriculture, Aerospace and Defence, Forestry, Marine & Others) and Regional Forecast Between, 2019 – 2032

Major Keyplayers of hydraulic cylinders market:

Some of the key players operating in the global hydraulic cylinders Industry are:

• Bosch Rexroth AG
• Enerpac
• PARKER HANNIFIN CORP
• Wipro Infrastructure Engineering
• SMC Corporation.
• Bucher Hydraulics GmbH
• Precision Hydraulic Cylinders
• KYB Americas Corporation
• Eaton
• WEBER-HYDRAULIK GMBH

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Key industry developments of hydraulic cylinders market:

• Enerpac introduced new single-acting, low-height telescopic hydraulic cylinder for longer cylinder stroke applications, that will minimize the time and simply the operation by moving heavy loads at a greater distance
• Parker Hannifin Corporation announced a new HCR sub-sea hydraulic hose to withstand the collapsing forces deep down in the sea for applications such as BOP stacks, hydraulic flying leads, sub-sea hydraulics, etc.

Drivers and restraints of hydraulic cylinders market:

• Drivers:
  • Growth in Construction and Infrastructure: Increasing construction and infrastructure projects drive the demand for hydraulic cylinders used in machinery and equipment.
  • Technological Advancements: Innovations in hydraulic cylinder design and materials enhance performance, efficiency, and reliability.
  • Expanding Manufacturing Sector: The growth of various manufacturing industries, including automotive and aerospace, boosts the need for hydraulic cylinders.
  • Rising Demand for Agricultural Equipment: The agricultural sector’s expansion and modernization drive the use of hydraulic cylinders in tractors, harvesters, and other equipment.
  • Increased Adoption of Automation: The rise in industrial automation and robotics increases the need for precise and reliable hydraulic cylinders in automated systems.
• Restraints:
  • High Manufacturing Costs: The cost of producing high-quality hydraulic cylinders can be significant, impacting market pricing and accessibility.
  • Maintenance and Repair Requirements: Regular maintenance and potential repair needs can increase the overall cost of ownership for hydraulic cylinders.
  • Economic Fluctuations: Economic downturns and fluctuations in industrial investments can affect demand for hydraulic cylinders.
  • Environmental and Regulatory Constraints: Compliance with stringent environmental and safety regulations can impact production processes and costs.
  • Competition from Alternative Technologies: The availability of alternative technologies, such as electric actuators, can affect the market growth for hydraulic cylinders.

Regional Insights:

• North America (the U.S. and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
• Latin America (Brazil, Mexico and Rest of Latin America)

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

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FAQ’s:

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