Following the second wave of the COVID-19 pandemic, countries across the world have adopted stricter safety guidelines. This has resumed manufacturing activities and increased the number of construction activities worldwide. The resurgence of these activities is increasing the demand for hydraulic equipment such as valves, pumps, cylinders, and filters.
The market is expected to be driven by factors such as the mechanization of agriculture and growth in the agriculture machinery market, and increased growth in the global construction machinery market, and a growing commercial aircraft leasing market.
The report also offers information on the upcoming trends and challenges that will influence market growth.
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Hydraulic Cylinder Market: Opportunities
Governments across the world are focusing on developing and revamping their infrastructure. For instance, governments in countries such as Saudi Arabia and the UAE are making significant investments in the development of luxury hotels, resorts, parks, and religious monuments to accommodate the increasing tourist population from the Middle East. Such developments are increasing the demand for construction machinery, thereby creating several growth opportunities for market players.
Hydraulic Cylinder Market: Segmentation by Type
Based on the segmentation by end-user, the market generated maximum revenue in the CMMH segment in 2020. The segment is driven by the advantages of CMMH machinery such as ease of mounting and high precision compared with substitutes such as pneumatic cylinders. Also, the growth of the global construction industry is contributing to the growth of the segment.
Hydraulic Cylinder Market: Segmentation by Geography
APAC held the largest market share in 2020 and the market growth in the region is expected to be faster compared to the growth of the market in other regions. The growth of the market in APAC can be attributed to the rapid growth of the construction industry coupled with the high adoption of construction machinery and material handling equipment in the region. Also, the strong growth of the automotive industry is contributing to the growth of the hydraulic cylinder market in APAC.
One of the fortune 500 companies had used the detailed research report on the hydraulic cylinder market and had decided to increase their market share in the APAC region which offers the highest market opportunities during the forecast period.
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Hydraulic Cylinder Market: Major Vendors
Aggressive Hydraulics Inc.:
The company offers hydraulic cylinders such as welded hydraulic cylinders, telescopic cylinders, mill duty hydraulic cylinders, and others.
Bailey International LLC:
The company offers hydraulic cylinders such as maxim tie rod hydraulic cylinder, WSB swivel ball welded hydraulic cylinder, and others.
Bosch Rexroth AG:
The company offers hydraulic cylinders such as mill-type cylinders, tie rod cylinders, large cylinders, and others.
Caterpillar Inc.:
The company offers hydraulic cylinders namely CLY GP-1090, Head70X45, ROD AS-HYD-YM, and others.
Eaton Corp. Plc:
The company offers hydraulic cylinders namely, EH series, IHM and TV series, N series, and G series.
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the hydraulic cylinder market report:
Regional Analysis
- Further breakdown of the market segmentation at requested regions.
Market Player Information
- Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
- Know the strategies adopted by vendors during the COVID-19 Recovery Phase.
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Hydraulic Cylinder Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of about 5% |
Market growth 2021-2025 |
$ 2.53 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.50 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 47% |
Key consumer countries |
The US, China, Germany, Japan, and the UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Aggressive Hydraulics Inc., Bailey International LLC, Bosch Rexroth AG, Caterpillar Inc., Eaton Corp. Plc, HANNON HYDRUALICS LLC, HYDAC Verwaltung GmbH, Ligon Industries LLC, Parker Hannifin Corp., and Wipro Enterprises (P) Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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