PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497705
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497705
Hydraulic Cylinder Market Size and Share Analysis by Function, Specification, Application, Industry - Global Industry Revenue Estimation and Demand Forecast to 2030
Market Overview
In 2023, the hydraulic cylinder industry revenue stood at USD 14,558.9 million, which is projected to experience a CAGR of 4.7% over the projection period, attaining USD 19,879.8 million by the end of the decade. This can be credited to the surge in the demand for these items in the construction, manufacturing, automotive, agriculture, mining, and oil & gas industries, coupled with technical development.
The growing construction and material handling sector, in which the government is trying to revive projects in different countries, is contributing to the increasing demand for hydraulic cylinders.
In the construction industry, excavators, trenches, road construction planers, grinders, backhoes, concrete or asphalt machines, concrete cutting saws, motor graders, dumpers, dozers, and skid steers incorporate hydraulic cylinders for various purposes like pushing, pulling, lifting, and digging. In these cylinders, a linear motion with force is generated.
They can work around the clock without fatigue and can withstand erosion, corrosion, severe temperature, and weather conditions. They ensure precision, high power, and high efficiency in construction machinery, and therefore the projects can be undertaken more quickly and effectively. The hydraulic technology innovations are aimed at achieving what construction businesses need. These changes have resulted in the improved design, durability, and capacity of hydraulic cylinders that meet the requirements of modern construction equipment.
Key Insights
In 2023, the double-acting cylinders category had a 70% market share.
This is mainly because these cylinders are extensively utilized in steam engines, ship motors, earthmoving machinery, power plants, and industrial furnaces.
They are perfect for applications needing force control in two directions.
They are vital components in numerous sectors because of their versatile functional abilities.
During the projection period, single-acting cylinders are estimated to have a 5% CAGR.
They are extensively utilized in factory automation, material management, hydraulic jacks, and drilling machines.
Their small design is appropriate for compact spaces and limited retraction strokes.
They provide better value for money in comparison to double-acting cylinders in single-direction force applications.
In 2023, welded cylinders produced 45% of the total industry volume, serving oil and gas, mining, and heavy machinery customers.
Some parameters can be adjusted depending on the requirements of the precise application, making them lucrative for manufacturing and capable of undergoing heavy loads without breaking down.
Telescopic cylinders are projected to grow at a 6% CAGR. Having multiple applications, they are suitable for agricultural, construction, and material handling equipment.
The longer stroke length is another feature used for telescopic arrangements to reduce the occupied space, and their accurate control and reliable performance are considered as well.
The segment possibly marketed by the mobile category dominated in 2023 with a fair share of 75% in heavy equipment including loaders, cranes, earthmovers, and mobile machine tools across numerous industries.
To meet this surge in demand, manufacturers may be required to switch to industrial, infrastructural, and hard environmental components.
The agriculture sector will most likely register the highest CAGR due to the expected growth in green cylinders' demand for machinery, lifting productivity, and quality yield.
The APAC region is projected to be the fastest-growing industry with a 7% CAGR, propelled by the need for construction, agriculture, and mining equipment.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by function
- 1.4.2. Market size breakdown, by specification
- 1.4.3. Market size breakdown, by application
- 1.4.4. Market size breakdown, by industry
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Function (2017-2030)
- 6.3. Market Revenue, by Specification (2017-2030)
- 6.4. Market Revenue, by Application (2017-2030)
- 6.5. Market Revenue, by Industry (2017-2030)
- 6.6. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Function (2017-2030)
- 7.3. Market Revenue, by Specification (2017-2030)
- 7.4. Market Revenue, by Application (2017-2030)
- 7.5. Market Revenue, by Industry (2017-2030)
- 7.6. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Function (2017-2030)
- 8.3. Market Revenue, by Specification (2017-2030)
- 8.4. Market Revenue, by Application (2017-2030)
- 8.5. Market Revenue, by Industry (2017-2030)
- 8.6. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Function (2017-2030)
- 9.3. Market Revenue, by Specification (2017-2030)
- 9.4. Market Revenue, by Application (2017-2030)
- 9.5. Market Revenue, by Industry (2017-2030)
- 9.6. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Function (2017-2030)
- 10.3. Market Revenue, by Specification (2017-2030)
- 10.4. Market Revenue, by Application (2017-2030)
- 10.5. Market Revenue, by Industry (2017-2030)
- 10.6. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Function (2017-2030)
- 11.3. Market Revenue, by Specification (2017-2030)
- 11.4. Market Revenue, by Application (2017-2030)
- 11.5. Market Revenue, by Industry (2017-2030)
- 11.6. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Function (2017-2030)
- 12.3. Market Revenue, by Specification (2017-2030)
- 12.4. Market Revenue, by Application (2017-2030)
- 12.5. Market Revenue, by Industry (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Function (2017-2030)
- 13.3. Market Revenue, by Specification (2017-2030)
- 13.4. Market Revenue, by Application (2017-2030)
- 13.5. Market Revenue, by Industry (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Function (2017-2030)
- 14.3. Market Revenue, by Specification (2017-2030)
- 14.4. Market Revenue, by Application (2017-2030)
- 14.5. Market Revenue, by Industry (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Function (2017-2030)
- 15.3. Market Revenue, by Specification (2017-2030)
- 15.4. Market Revenue, by Application (2017-2030)
- 15.5. Market Revenue, by Industry (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Function (2017-2030)
- 16.3. Market Revenue, by Specification (2017-2030)
- 16.4. Market Revenue, by Application (2017-2030)
- 16.5. Market Revenue, by Industry (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Function (2017-2030)
- 17.3. Market Revenue, by Specification (2017-2030)
- 17.4. Market Revenue, by Application (2017-2030)
- 17.5. Market Revenue, by Industry (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Function (2017-2030)
- 18.3. Market Revenue, by Specification (2017-2030)
- 18.4. Market Revenue, by Application (2017-2030)
- 18.5. Market Revenue, by Industry (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Function (2017-2030)
- 19.3. Market Revenue, by Specification (2017-2030)
- 19.4. Market Revenue, by Application (2017-2030)
- 19.5. Market Revenue, by Industry (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Function (2017-2030)
- 20.3. Market Revenue, by Specification (2017-2030)
- 20.4. Market Revenue, by Application (2017-2030)
- 20.5. Market Revenue, by Industry (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Function (2017-2030)
- 21.3. Market Revenue, by Specification (2017-2030)
- 21.4. Market Revenue, by Application (2017-2030)
- 21.5. Market Revenue, by Industry (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Function (2017-2030)
- 22.3. Market Revenue, by Specification (2017-2030)
- 22.4. Market Revenue, by Application (2017-2030)
- 22.5. Market Revenue, by Industry (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Function (2017-2030)
- 23.3. Market Revenue, by Specification (2017-2030)
- 23.4. Market Revenue, by Application (2017-2030)
- 23.5. Market Revenue, by Industry (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Function (2017-2030)
- 24.3. Market Revenue, by Specification (2017-2030)
- 24.4. Market Revenue, by Application (2017-2030)
- 24.5. Market Revenue, by Industry (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Function (2017-2030)
- 25.3. Market Revenue, by Specification (2017-2030)
- 25.4. Market Revenue, by Application (2017-2030)
- 25.5. Market Revenue, by Industry (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Function (2017-2030)
- 26.3. Market Revenue, by Specification (2017-2030)
- 26.4. Market Revenue, by Application (2017-2030)
- 26.5. Market Revenue, by Industry (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Function (2017-2030)
- 27.3. Market Revenue, by Specification (2017-2030)
- 27.4. Market Revenue, by Application (2017-2030)
- 27.5. Market Revenue, by Industry (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Function (2017-2030)
- 28.3. Market Revenue, by Specification (2017-2030)
- 28.4. Market Revenue, by Application (2017-2030)
- 28.5. Market Revenue, by Industry (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. KYB Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Bosch Rexroth AG
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Eaton Corporation plc
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. SMC Corporation
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Wipro Enterprises
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Parker-Hannifin Corporation
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Enerpac Tool Group
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Hengli Hydraulics
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Caterpillar
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Weber Hydraulik GmbH
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Burnside Autocyl
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. Pacoma GmbH
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
- 30.13. Texas Hydraulics Inc
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary
- 30.14. Standex International Corporation
- 30.14.1. Business overview
- 30.14.2. Product and service offerings
- 30.14.3. Key financial summary
- 30.15. Bucher Hydraulics
- 30.15.1. Business overview
- 30.15.2. Product and service offerings
- 30.15.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
