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 : September, 2021 | Semiconductor & Electronics

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

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?