Hydraulic Cylinder Market Set to Witness an Uptick Size US$ 24 billion to 2033: Future Market Insights, Inc.

The global hydraulic cylinder market is anticipated to expand at a moderate CAGR of 4.2% between 2022 and 2032, rising from US$ 14.2 billion in 2021 to over US$ 22.3 billion by 2032. Sales of hydraulic cylinders are anticipated to be primarily driven by rising investments in infrastructure construction and resource extraction.

The global market for hydraulics is being driven by ever-increasing technological advancements. The development of the hydraulic cylinder market is anticipated to be significantly influenced by the technological integration of hydraulic cylinders for enhanced functionality, accuracy, and command in a variety of applications.

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For a wide range of construction equipment, modern hydraulic cylinder technologies include multi-stage and sophisticated linear telescopic cylinders and rotary actuators. In the anticipated timeframe, the worldwide construction sector is expected to rise by 85 per cent to USD 8 trillion, resulting in increased global hydraulic cylinder market demand.

Key Takeaways

  • The mobile application of hydraulic cylinders is expected to grow by more than 4%. Product demand is expected to be driven by increased expenditure in the chemical industry to meet the demand for linear motion.
  • As per the globalhydraulic cylindermarket study, the tie rod hydraulic cylinder industry is projected to have grown by more than 4%. Increasing the use of agricultural equipment for farming in order to increase production capacity in order to keep up with the rising population rate may boost industrial dynamics.
  • The single-acting hydraulic cylinder industry is anticipated to have grown by more than 4%. The installation of these items will be driven by the growing need for material handling equipment in the food and beverage industry to produce linear motion for conveyor belts and assembly lines.
  • China and the United States are two markets with strong CAGRs. By 2031, North America and East Asia are expected to have a combined market share of roughly 35%.
  • Over the projection period, demand forhydraulic cylinders in India is expected to grow at a nearly 7% CAGR. The market is reinforced by ongoing and planned industrial and infrastructure developments around the country, which are mostly financed by the government.

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Key Segments

By Function:

  • Single-Acting
  • Double-Acting

By Specification:

  • Welded
  • Tie Rod
  • Telescopic
  • Mill Type

By Application:

  • Industrial
  • Mobile

By Bore Size:

  • < 50 MM
  • 50 MM to 150 MM
  • > 150 MM

By Industry:

  • Construction
  • Aerospace
  • Material Handling
  • Automotive
  • Mining
  • Marine
  • Oil & Gas
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)

Competitive Landscape

Aggressive Inc., Eaton Corporation PLC, Texas Inc, Bosch Rexroth AG, Enerpac Corp., Best Metal Products, Prince Manufacturing Corporation, Caterpillar Inc., Hyco International, Inc, Hydrosila, Pacoma GmbH, Parker-Hannifin Corporation, Weber-Hydraulik Group, Norrhydro Oy, Wipro Infrastructure Engineering, and others are among the leading players in the hydraulic cylinder market.

The increased supply for heavy construction and mining equipment from the construction, mining, and oil gas industries is largely responsible for the market’s rise. The increasing usage of material handling equipment across sectors throughout the world primary driver of the hydraulic cylinder market expansion.

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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