Hydraulic Cylinder Market Research Report

 

Growth Opportunities in the global hydraulic cylinder market look promising over the next six years. The improved accuracy and precision, the high speed, followed by increased efficiency and power generation are the key factors that are driving the growth of the global hydraulic cylinder market.

Introduction of the Hydraulic Cylinder Market:

The hydraulic cylinder is also called a hydraulic pump. It is a kind of linear actuator that is powered by hydrostatic energy. A mechanical device that is used to bring a force in a straight line, which can be both pushing or pulling, is known as a linear actuator. Hydraulic energy refers to the amalgamation of volume and rate at which the fluid moves and pressurized fluid that is shown as flow and pressure individually. Hydrostatic energy is a sort of motivation behind the capability of the cylinder to bring about a linear force. It is also converted by the hydraulic cylinder.

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Hydraulic Cylinder Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The improved accuracy and precision, high speed, followed by increased efficiency and power generation are the major factors surging the growth of the global hydraulic cylinder market. Increasing industrialization and expansion of infrastructure in several developing countries is one of the emerging hydraulic cylinder industry trend that is fuelling the market growth. Additionally, rapid R&D activities and technological advancements in the hydraulic cylinder are projected to propel the growth of the market in the upcoming years. The factors leading to an increased demand for the hydraulic cylinder in the market include resistance to harsh conditions, versatility, low power consumption, reliability, and safety involved in such cylinders. On the other hand, the increased cost of maintenance and manufacturing, coupled with the leakage problem regarding hydraulic cylinders, are the factors hampering the growth of the market.

Based on the region, Asia-Pacific is anticipated to grow at a higher CAGR during the forecast period due to its rapid development and growing industrialization. The factor bolstering the growth of the market include the increasing demand for hydraulic cylinders in the construction and agriculture industry in this region. The growing population in India will drive the growth of the construction sector, thus boosting the growth of the market in the APAC region. On the other hand, the North America region is expected to dominate the market during the forecast period due to growing government efforts to develop the aerospace and defense industry, which will increase the product penetration in this region.

Key Players of the Global Hydraulic Cylinder Market:

·        Actuant Corporation

·        Bosch Rexroth

·        Caterpillar Inc.

·        Eaton Corporation

·        KYB Corporation

·        Parker Hannifin

·        SMC Corporation

·        Jiangsu Hengli Hydraulic

·        Wipro Enterprises

·        Hydac

Hydraulic Cylinder Market Segmentation:

Segmentation by Function:

·        Single-acting hydraulic cylinders

·        Double-acting hydraulic cylinders

Segmentation by Specification:

·        Welded Cylinder

·        Tie-Rod Cylinder

·        Telescopic Cylinder

·        Mill-Type Cylinder

Segmentation by Application:

·        Mobile

·        Industrial

Segmentation by Bore Size:

·        <50 MM

·        50–150 MM

·        >150 MM

Segmentation by Industry:

·        Construction

·        Aerospace & Defense

·        Material Handling

·        Agriculture

·        Automotive

·        Mining

·        Oil & Gas

·        Marine

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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