New York, NY, June 13, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Hydraulic Cylinder Market by Product Type (Tie-Rod Cylinders, Welded Cylinders, Telescopic Cylinders, Mill Type Cylinders, Threaded Cylinders, and Others), by Function (Single Acting Cylinders, Double Acting Cylinders, and Multi-Stage/Tandem), by Bore Size (Less Than 50 mm, 51 mm to 100 mm, 101 mm to 150 mm, and Greater Than 151 mm), by Application (Industrial Equipment and Mobile Equipment), and by End-Use Industry (Aerospace & Defense, Oil & Gas, Agriculture, Material Handling, Automotive, Construction, Mining, Marine, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global hydraulic cylinder market accounted for USD 14.44 billion in 2018 and is expected to reach around USD 21.58 billion by 2025, at a CAGR of 5.9% between 2019 and 2025.
Hydraulic cylinders are used in multiple end-user industries, such as aerospace and defense, oil and gas, agriculture, material handling, automotive, construction, mining, marine, etc. The global hydraulic cylinder market is likely to experience significant growth over the upcoming years, owing to the flourishing automotive industry globally. Additionally, rising investments in various industries like aerospace and defense, oil and gas, automotive, and construction are also expected to support the hydraulic cylinder market in the years to come. The strict regulations imposed by the government regarding environmental pollution for end-user industries are also expected to fuel this market in the future. However, the rise in environmental hazards concerns related to mineral oil lubricants and volatile prices of raw materials may hamper the growth of the global hydraulic cylinder market. Alternatively, research and development and innovations in the technology of hydraulic cylinders are expected to open new growth avenues for the global hydraulic cylinder market in the years ahead. Furthermore, manufacturers are concentrating on inventive products to further propel this market over the forthcoming years.
Browse through 173 Tables & 47 Figures spread over 110 Pages and in-depth TOC on “Global Hydraulic Cylinder Market Size, Share 2018 Report: Industry Type, Segments, Trends, Analysis and Forecast, 2018–2025”.
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The global hydraulic cylinder market is mainly divided into product type, function, bore size, application, and end-user. On the basis of product type, the global hydraulic cylinder market includes tie-rod cylinders, welded cylinders, telescopic cylinders, mill type cylinders, threaded cylinders, and others. On the basis of function, the global hydraulic cylinder market is fragmented into double acting cylinders, single acting cylinders, and multi-stage/tandem. On the basis of bore size, the global market end-use industries greater than 151 mm, 101 mm to 150 mm, 51 mm to 100 mm, and less than 50 mm. By application, the global hydraulic cylinder market includes mobile equipment and industrial equipment. The end-use industry segment includes aerospace and defense, construction, agriculture, material handling, automotive, mining, oil and gas, marine, and others. The automotive industry is anticipated to hold the maximum share of the market in the upcoming years.
In 2018, the Asia Pacific region was the largest hydraulic cylinder market globally. This growth was mainly due to the rising use of vehicles in the region. Moreover, the Asia Pacific region is anticipated to be the fastest growing market for hydraulic cylinder over the next few years, owing to the increasing demand for hydraulic cylinder from various end-use industries, such as aerospace and defense, oil and gas, agriculture, material handling, automotive, construction, mining, and marine. China, India, Japan, and Indonesia are major countries for the hydraulic cylinder market in the region. By country, China was the largest hydraulic cylinder market and is expected to remain dominant within the forecast years as well. Furthermore, rapid industrialization and infrastructural developments, especially in China, and India, are expected to further propel this regional market in the upcoming years.
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North America held the second largest share of the global hydraulic cylinder market in 2018. North America is a matured market, as hydraulic cylinders are used in industrial machines, construction equipment, agricultural, and aviation industries. In the North America hydraulic cylinder market, the U.S. is expected to register the highest CAGR in the upcoming years, owing to the growing requirement for hydraulic cylinders for construction and mining activities, the rising number of vehicles, the flourishing material handling equipment industry.
In the European region, the rising demand for modern equipment and machinery for hydraulic cylinders and rising expansion activities of oil and gas production from subsea sources are anticipated to fuel the hydraulic cylinder market over the forecast time period.
Browse the full “Hydraulic Cylinder Market by Product Type (Tie-Rod Cylinders, Welded Cylinders, Telescopic Cylinders, Mill Type Cylinders, Threaded Cylinders, and Others), by Function (Single Acting Cylinders, Double Acting Cylinders, and Multi-Stage/Tandem), by Bore Size (Less Than 50 mm, 51 mm to 100 mm, 101 mm to 150 mm, and Greater Than 151 mm), by Application (Industrial Equipment and Mobile Equipment), and by End-Use Industry (Aerospace & Defense, Oil & Gas, Agriculture, Material Handling, Automotive, Construction, Mining, Marine, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/hydraulic-cylinder-market
Latin American and the Middle Eastern and African regions are projected to experience moderate growth in the hydraulic cylinder market in the years ahead, owing to the significant investments made by international companies for hydraulic cylinder projects in these regions and improving economic conditions.
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Some major players of the global hydraulic cylinder market are Bosch Rexroth, Jiangsu Hengli Hydraulic, Jarp Industries, Pacoma, Parker Hannifin, Kawasaki Heavy, Caterpillar, Actuant Corporation, Wipro Enterprises, Texas Hydraulics, HYDAC, Eaton Corporation, SMC Corporation, Best Metal Products, WEBER-HYDRAULIK, and Liebherr Group.
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This report segments the global hydraulic cylinder market into:
Global Hydraulic Cylinder Market: Product Type Analysis
- Tie-Rod Cylinders
- Welded Cylinders
- Telescopic Cylinders
- Mill Type Cylinders
- Threaded Cylinders
- Others
Global Hydraulic Cylinder Market: Function Analysis
- Single Acting Cylinders
- Double Acting Cylinders
- Multi-Stage/Tandem
Global Hydraulic Cylinder Market: Bore Size Analysis
- Less Than 50 mm
- 51 mm to 100 mm
- 101 mm to 150 mm
- Greater Than 151 mm
Global Hydraulic Cylinder Market: Application Analysis
- Industrial Equipment
- Mobile Equipment
Global Hydraulic Cylinder Market: End-Use Industry Analysis
- Aerospace and Defense
- Oil and Gas
- Agriculture
- Material Handling
- Automotive
- Construction
- Mining
- Marine
- Others
Global Hydraulic Cylinder Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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