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Hydraulic Cylinder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1984
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Market Overview:
The global hydraulic cylinder market size reached US$ 13.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
A hydraulic cylinder is a piece of subassembly equipment that is used to transfer unidirectional force through hydraulic systems. It consists of a cylindrical barrel, cylinder caps, piston, piston rods, seals and rings that are combined to form a closed circuit. It also has highly efficient power-to-size and power-to-weight ratios that enable variable speed control, automatic overload protection and positioning alterations. Owing to this, hydraulic cylinders find extensive applications across various industries, including aerospace & defense, manufacturing, construction, automotive and marine.
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The growing construction and mining industries are among the key factors driving the growth of the market. Owing to rapid industrialization and urbanization, especially across the emerging nations, hydraulic cylinders are increasingly being utilized in heavy machinery, including backhoes, trenchers, asphalt laying machines, concrete cutting saws and motor graders. Additionally, expansion in the aerospace and defense sectors is acting as another major growth-inducing factor. These cylinders are used in aircraft to operate flaps, brakes and landing gear. They are also employed for thrust reversers, telehandlers, bomb loaders, automated pallet and personnel door systems in military equipment. The increasing mechanization and automation of agricultural equipment are also significantly contributing to the growth of the market. Farmers are increasingly replacing traditionally used manual equipment with hydraulic devices to enhance the overall efficiency of various agricultural operations. Other factors, including product innovations and implementation of favorable government policies to promote infrastructural development, are projected to drive the market further.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydraulic cylinder market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on function, type, bore size, application and end-use industry.
Breakup by Function:
- Single-Acting Hydraulic Cylinders
- Double-Acting Hydraulic Cylinders
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Breakup by Type:
- Tie-Rod Cylinders
- Welded Cylinders
- Telescopic Cylinders
- Mill-Type Cylinders
Breakup by Bore Size:
- <50 MM
- 50–150 MM
- >150 MM
Breakup by Application:
- Mobile
- Industrial
Breakup by End-Use Industry:
- Construction
- Aerospace & Defense
- Material Handling
- Agriculture
- Automotive
- Mining
- Oil & Gas
- Marine
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Bosch Rexroth AG, Caterpillar Inc., Eaton Corporation, Enerpac Tool Group (Formerly Actuant Corporation), Hannon Hydraulics, HYDAC INTERNATIONAL GmbH, JARP Industries, Kappa Engineering, KYB Corporation, Parker-Hannifin Corporation, SMC Corporation, Texas Hydraulics Inc., United Hydraulics, Wipro Enterprises, etc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Function, Type, Bore Size, Application, End-Use Industry, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Bosch Rexroth AG, Caterpillar Inc., Eaton Corporation, Enerpac Tool Group (Formerly Actuant Corporation), Hannon Hydraulics, HYDAC INTERNATIONAL GmbH, JARP Industries, Kappa Engineering, KYB Corporation, Parker-Hannifin Corporation, SMC Corporation, Texas Hydraulics Inc., United Hydraulics and Wipro Enterprises |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global hydraulic cylinder market was valued at US$ 13.4 Billion in 2022.
We expect the global hydraulic cylinder market to exhibit a CAGR of 4.3% during 2023-2028.
The rising penetration of automation trends in the agriculture sector, along with the increasing adoption of hydraulic cylinders by farmers to enhance the overall efficiency of various agricultural operations over traditionally used manual equipment, is primarily driving the global hydraulic cylinder market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for hydraulic cylinders.
Based on the function, the global hydraulic cylinder market can be segmented into single-acting hydraulic cylinders and double-acting hydraulic cylinders. Currently, double-acting hydraulic cylinders hold the majority of the total market share.
Based on the type, the global hydraulic cylinder market has been divided into tie-rod cylinders, welded cylinders, telescopic cylinders, and mill-type cylinders. Among these, welded cylinders currently exhibit a clear dominance in the market.
Based on the bore size, the global hydraulic cylinder market can be categorized into <50 mm, 50–150 mm, and >150 mm. Currently, 50–150 mm accounts for the majority of the global market share.
Based on the application, the global hydraulic cylinder market has been segregated into mobile and industrial, where mobile currently holds the largest market share.
Based on the end-use industry, the global hydraulic cylinder market can be bifurcated into construction, aerospace & defense, material handling, agriculture, automotive, mining, oil & gas, marine, and others. Currently, construction exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global hydraulic cylinder market include Bosch Rexroth AG, Caterpillar Inc., Eaton Corporation, Enerpac Tool Group (Formerly Actuant Corporation), Hannon Hydraulics, HYDAC INTERNATIONAL GmbH, JARP Industries, Kappa Engineering, KYB Corporation, Parker-Hannifin Corporation, SMC Corporation, Texas Hydraulics Inc., United Hydraulics, Wipro Enterprises, etc.
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