Global Size, Share, Growth, Trends & Forecasts – Fastbreak Daily
According to the latest report from the IMARC group, entitled “Hydraulic Cylinders Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ”, the global hydraulic cylinder market reached a value of US $ 14.1 billion in 2020. Going forward, the market is expected to show a moderate growth during 2021-2026.
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A hydraulic cylinder refers to actuation equipment used in hydraulic power transfer systems to provide unidirectional force. It consists of an assembly of components, including cylindrical barrels, pistons, piston rods, cylinder heads and cylinder heads, gaskets and bushings, to form a continuous hydraulic circuit. Widely used to convert hydrostatic energy into mechanical energy, they are powered by pressurized hydraulic fluid, such as oil, to produce linear motion. Since these devices are easy to use, extremely durable, and offer high power-to-size and power-to-weight ratios, they are widely used in many industries including marine, construction, automotive, manufacturing and aerospace.
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Global Hydraulic Cylinder Market Trends:
The global market is mainly driven by significant growth in many end-use sectors. Hydraulic cylinders are widely used as an essential component in heavy machinery, including backhoes, trenchers, concrete saws, asphalt laying machines and graders used in the construction industry. With this in mind, rapid industrialization and continuous infrastructure developments around the world, especially in developing economies, are driving sales of these bottles. These devices are also widely used in the aerospace industry for the proper functioning of brakes and landing gears, and in the defense industry as an essential component of many military equipment, such as telehandlers, bomb loaders. , thrust reversers, automated pallets and door systems for personnel. . Along with this, the increasing mechanization of farms in the agricultural sector is expected to drive the market growth. The growing need for automation has led to the replacement of hand-driven equipment with hydraulic devices that simplify advanced tasks, minimize reliance on manual labor, and improve agricultural production. The market is further stimulated by the favorable initiatives undertaken by the governments of several countries to promote infrastructure development as well as automation in many industries.
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List of Key Companies Covered By This Market Report:
- Actuant Corporation
- Bosch Rexroth AG
- Caterpillar Inc.
- Eaton Company
- Hannon Hydraulics
- JARP Industries
- Kappa Engineering
- KYB Company
- Parker-Hannifin Company
- SMC Company
- Texas Hydraulics Inc.
- United hydraulics
- Wipro companies
The report has been segmented on the basis of function, type, bore size, application, end-use industry, and geography. Breakdown by function:
- Single-acting hydraulic cylinders
- Double acting hydraulic cylinders
Breakdown by type:
- Tie cylinders
- Welded cylinders
- Telescopic cylinders
- Crusher type cylinders
Distribution by bore size:
- 50–150 MM
- > 150 MM
Breakdown by application:
Breakdown by end-use industry:
- Aerospace and Defense
- Material handling
- Petroleum gas
Distribution by geography:
- North America (United States and Canada)
- Europe (Germany, UK, France, Italy, Spain, Russia and others)
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
- Latin America (Brazil, Mexico)
- Middle East and Africa
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
Other IMARC group reports
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