Hydraulic Cylinder Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Hydraulic Cylinder Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : November, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Hydraulic cylinder is an actuation device powered by hydrostatic power which is designed to create force in a straight line. It is used in numerous applications including manufacturing machinery, construction machinery, civil engineering, marine equipment, agriculture machines, and others. Moreover, hydraulic cylinders are considered to be the most effective and efficient mechanical device for pulling, pushing, lifting, and lowering. With the expansion of construction industry across the globe, hydraulic cylinder has been generating increasing demand as it can provide high power to machines in even the furthest locations away from the power generation source. Such cylinder not only operates well in extreme environments but also has automatic overload protection, variable speed control, and positioning benefits. In addition to these advantages, a surge in infrastructural development and growing demand for advanced equipment and machinery have led to the establishment of global hydraulic cylinder market.

Hydraulic Cylinder Market – Notable Developments

  • In April 2019, Pennar Industries Limited (PIL) announced to scale up its hydraulic cylinder production to 200,000 units per annum (pa) from its current capacity of 75,000 cylinder pa. The company is constructing a new plant that will be equipped to produce 15,000 cylinders pa with the possibility of expanding up to 200,000 units as the demand continues to surge.
  • In March 2019, Parker Hannifin Corporation, a key player in the hydraulic cylinder market announced the introduction of its Electro-Hydraulic Pump System (EHPS), applicable for high power lifting in mining, material handling, and construction markets. In February 2019, the company’s Cylinder Division released U160S / U100S, an updated version of Taiyo America compact hydraulic cylinder, replacing the old series U160S-1 / U100S-1.
  • In January 2019, Hydroline OY announced the launch of LEO (Lifecycle Efficiency Online), the latest R&D on predictive maintenance technology for hydraulic cylinders. It uses a proprietary algorithm to evaluate lifecycle data coming from the working environment of the hydraulic cylinder, obtained by strategically positioned built-in-sensors.
  • In January 2019, Bosch Rexroth AG released ‘eGFT8000 series’, a range of compact drive for high-mileage vehicles. It enables mobile working machines to high-speed electric motor instead of a hydraulic motor. Further, the combination of electric motor and compact drive results into a space-saving drive unit.
  • In August 2018, Caterpillar announced the launch of Cat® CG132B-16 generator set, rated for continuous power at 1 MW for 50 Hz in natural gas applications. It also offers outstanding cost-performance and optimized lube oil management with high power density. With the lower investment costs, the new set will enable customers to experience relatively fast payback periods.

Some of the most prominent competitors operating in the competitive landscape of global hydraulic cylinder market include –

  • Actuant Corporation
  • Best Metal Products
  • Jarp Industries
  • Pacoma GmbH
  • SMC Corporation
  • HYDAC
  • Eaton Corporation Plc
  • Liebherr Group
  • Texas Hydraulics
  • WEBER-HYDRAULIK GmbH
  • Wipro Enterprises Limited
  • Jiangsu Hengli Hydraulic Co., Ltd

Hydraulic Cylinder Market Dynamics

Robust Infrastructural Development to Promote Hydraulic Cylinder Market Growth

Increasing demand for efficient construction and mining activities along with rapid penetration of new technologies has been pushing the need for material handling equipment, which in turn influence the growth of hydraulic cylinder market. With rapid urbanization and industrialization, especially in developing nations, governments are heavily investing in the infrastructural development of various sector. In addition, growing need for efficient agriculture machinery to meet the productivity target is likely to complement the revenue maximization of hydraulic cylinder market. Further, continuous product innovation and new launches through implementation of improved technologies will continue to create lucrative growth prospects of the key manufacturers.

Hydraulic Cylinder Market to Witness Significant Growth in Asia Pacific

Asia Pacific is expected to be one of the most rapidly growing markets for hydraulic cylinder, on the back of robust development in material handling equipment and farm machinery. Growing mechanization of agricultural farms to meet the demand for ever-increasing population in the region also remains a key growth driving factor of hydraulic cylinder market. Further, presence of well-established players in the region along with significant development in numerous industries such as agriculture, construction, mining, steel, and others will further augment the expansion of hydraulic market in Asia Pacific.

Hydraulic Cylinder Market Segmentation

Based on specification, the hydraulic cylinder market can be segmented into:

  • Tie-rod
  • Welded
  • Threaded
  • Mill Type/Bolted
  • Telescopic
  • Others

Based on function, the hydraulic cylinder market can be segmented into:

  • Single Acting
  • Double Acting

Based on bore size, the hydraulic cylinder market can be segmented into:

  • <50 mm
  • 50–150 mm
  • 151-300 mm
  • >300 mm

Based on application, the hydraulic cylinder market can be segmented into:

  • Mobile Equipment
  • Industrial Equipment

Based on end-use industry, the hydraulic cylinder market can be segmented into:

  • Construction
  • Mining
  • Material Handling
  • Automotive
  • Aerospace & Defense
  • Marine
  • Agriculture
  • Oil & Gas

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?