Hydraulic Cylinders Market Worth $ 16,333.1 Million By 2025 | Key segments, benefits and opportunities

The increasing demand for efficient construction and mining activity as well as the emergence of new technologies are driving the market.

PORTLAND, OR, UNITED STATES, October 17, 2021 /EINPresswire.com/ – Hydraulic cylinders are mechanical equipment that provides linear motion for lifting heavy loads or handling bulky materials in industrial and mobile applications. These cylinders are used in construction machinery, lifting loads and handling equipment. Based on the function, it is classified into single-acting cylinders and double-acting cylinders. Hydraulic cylinders consist of a cylinder, base, head, piston, piston rod, and seals.

The global hydraulic cylinder market is expected to reach $ 16,333.1 million by 2025, from $ 11,055.5 million in 2017, with a CAGR of 5.1% from 2018 to 2025.

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The growth of the global hydraulic cylinder market is driven by the growth of the material handling equipment industry. The increase in new technologies such as SGH wire encoders, which measure the cylinder stroke in the hydraulic cylinder, are driving the demand for hydraulic cylinders across the world. The growth of the construction equipment market is expected to offer potential opportunities for the major players operating in the market.

However, hydraulic cylinders are expensive and their maintenance and operating costs are very high. This factor is limiting the growth of the global hydraulic cylinder market. The rising cost of labor in construction and mining activities is expected to provide growth opportunities for hydraulic cylinder industries in the near future.

Key market players

Actuant Corporation
Bosch Rexroth AG
Caterpillar Inc.
Eaton Corporation Plc
Jarp Industries
Jiangsu Hengli Hydraulic Co., Ltd.
Kawasaki Heavy Industries
Parker Hannifin Corporation
Texas Hydraulic
Wipro Companies Limited

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Key market segments

By function

Single acting cylinders
Double acting cylinders

Intentionally

Tie rod cylinders
Welded cylinders

By bore size

Less than 50 mm
51mm to 100mm
101mm to 150mm
Greater than 151 mm

By region

North America
Europe
Asia Pacific
LAMEA

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