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Hydraulic Cylinders Market by Function, Design, and Bore Size: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 210 Pages
  • February 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578268
Description Jump to:
The global hydraulic cylinders market is expected to reach $21,243.2 million by 2030, from $14,070.0 million in 2020, growing at a CAGR of 4.2% from 2021 to 2030.

Hydraulic cylinders are used to create a mechanical force in a linear motion using hydraulic fluids. The hydraulic fluid under hydraulic pressure acts on the surface to cause a linear movement of the piston that is directly connected to the load. Hydraulic fluids include, mineral oil, synthetic oils, and emulsions. Hydraulic cylinders have many applications, namely in construction equipment, engineering vehicles, manufacturing machinery, and civil engineering.

Factors such as increase in demand for efficient construction and mining activity and emergence of new technologies, fuel the demand for material handling equipment, which in turn, boost the growth of the hydraulic cylinder market. However, high cost and regular maintenance hamper the market growth. Furthermore, continuous launch of new and improved technologies is expected to provide lucrative growth opportunities for the hydraulic cylinders market globally.

Major players are adopting product launch and acquisition as key developmental strategies to improve the product portfolio of hydraulic cylinders. For instance, in May 2019, Parker Hybrid Actuation Systems, a subsidiary of Parker Hannifin Corporation, launched a HAS 500 hybrid actuation system. This system is integrated into the actuator system that is connected with local control point. This hydraulic cylinder is used in mining equipment applications, such as tractor, loader, and others.

A growing demand for material handling equipment along with ongoing construction activities for contributing economic development are expected to boost the growth of the global hydraulic cylinders market. For instance, as per the India Brand Equity Foundation, in June 2018, the Asian Infrastructure Investment Bank invested around $200 million in infrastructure development for India.

On the contrary, the global economic slowdown and fluctuation in raw material prices, are anticipated to restraint for the growth of the global hydraulic cylinders market. Furthermore, increase in demand for lifting equipment in the shipping industry is anticipated to provide lucrative opportunities for the growth of the global hydraulic cylinders market.

The hydraulic cylinders market is segmented into function, design, bore size, and region. By function, the market is divided into single-acting hydraulic cylinders and double acting hydraulic cylinders. By design, it is classified into tie-rod cylinders and welded cylinders. By bore size, the market is categorized into less than 50mm, 51mm to 100mm, 101mm to 150mm, and greater than 151mm.

On the basis of region, the hydraulic cylinders market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the largest user of hydraulic cylinders, followed by North America. Asia-Pacific is predicted to grow faster than North America with a CAGR of 4.5% during the forecast period.

The key players profiled in this report include Actuant Corporation, Caterpillar Inc., Eaton Corporation Plc, JARP Industries Inc., Hengli Hydraulic, Kawasaki Heavy Industries Limited, Parker Hannifin Corporation, Robert Bosch GmbH (Bosch Rexroth AG), Texas Hydraulics Inc., and Wipro Limited.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive analysis of the current and emerging global hydraulic cylinders market trends and dynamics
  • In-depth market analysis is conducted by global hydraulic cylinders market estimations for the key market segments between 2020 and 2030
  • Extensive analysis of the global hydraulic cylinders market is conducted by following key product positioning and monitoring of the top competitors within the market framework
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities
  • The global hydraulic cylinders market forecast analysis from 2021 to 2030 is included in the report
  • The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global hydraulic cylinders market

GLOBAL HYDRAULIC CYLINDERS MARKET SEGMENTS


By FUNCTION

  • Single Acting Cylinders
  • Double Acting Cylinders

By DESIGN

  • Tie-rod Cylinders
  • Welded Cylinders

By BORE SIZE

  • Less Than 50mm
  • 51mm to 100mm
  • 101mm to 150mm
  • Greater Than 151mm

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

KEY PLAYERS

  • Actuant Corporation
  • Caterpillar Inc
  • Eaton Corporation Plc
  • JARP Industries Inc
  • Hengli Hydraulic
  • Kawasaki Heavy Industries Limited
  • Parker Hannifin Corporation
  • Robert Bosch GmbH (Bosch Rexroth AG)
  • Texas Hydraulics Inc
  • Wipro Limited

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segment
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools & Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.4. Top Players Positioning
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Growth in Global Construction Sector
3.5.1.2. Rapid Industrialization Coupled With Increasing Infrastructural Spending
3.5.1.3. Retrofit and Replacement of Existing Equipment
3.5.2. Restraints
3.5.2.1. Oil Leakages and Timely Maintenance
3.5.2.2. Costly as Compared to Pneumatic Cylinders
3.5.3. Opportunities
3.5.3.1. Extensive Range of Applications
3.5.3.2. Increasing Demand for Material Handling Equipments
Chapter 4: Hydraulic Cylinders Market, by Function
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Single Acting Hydraulic Cylinders
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast
4.2.3. Market Analysis, by Country
4.3. Double Acting Hydraulic Cylinders
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast
4.3.3. Market Analysis, by Country
Chapter 5: Hydraulic Cylinders Market, by Design
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Tie-Rod Hydraulic Cylinders
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast
5.2.3. Market Analysis, by Country
5.3. Welded Hydraulic Cylinders
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast
5.3.3. Market Analysis, by Country
Chapter 6: Hydraulic Cylinders Market, by Bore Size
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Less Than 50Mm Hydraulic Cylinders
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast
6.2.3. Market Analysis, by Country
6.3. 51Mm to 100Mm Hydraulic Cylinders
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast
6.3.3. Market Analysis, by Country
6.4. 101Mm to 150 Mm Hydraulic Cylinders
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast
6.4.3. Market Analysis, by Country
6.5. Greater Than 151Mm Hydraulic Cylinders
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast
6.5.3. Market Analysis, by Country
Chapter 7: Hydraulic Cylinders Market, by Region
7.1. Overview
7.1.1. Market Size and Forecast
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. Market Size and Forecast, by Function
7.2.3. Market Size and Forecast by Design
7.2.4. Market Size and Forecast by Bore Size
7.2.5. Market Size and Forecast by Country
7.2.5.1. U. S.
7.2.5.1.1. U. S. Market Size and Forecast, by Function
7.2.5.1.2. U. S. Market Size and Forecast, by Design
7.2.5.1.3. U. S. Market Size and Forecast, by Bore Size
7.2.5.2. Canada
7.2.5.2.1. Canada Market Size and Forecast, by Function
7.2.5.2.2. Canada Market Size and Forecast, by Design
7.2.5.2.3. Canada Market Size and Forecast, by Bore Size
7.2.5.3. Mexico
7.2.5.3.1. Mexico Market Size and Forecast, by Function
7.2.5.3.2. Mexico Market Size and Forecast, by Design
7.2.5.3.3. Mexico Market Size and Forecast, by Bore Size
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Market Size and Forecast, by Function
7.3.3. Market Size and Forecast by Design
7.3.4. Market Size and Forecast by Bore Size
7.3.5. Market Size and Forecast by Country
7.3.5.1. Germany
7.3.5.1.1. Germany Market Size and Forecast, by Function
7.3.5.1.2. Germany Market Size and Forecast, by Design
7.3.5.1.3. Germany Market Size and Forecast, by Bore Size
7.3.5.2. UK
7.3.5.2.1. UK Market Size and Forecast, by Function
7.3.5.2.2. UK Market Size and Forecast, by Design
7.3.5.2.3. UK Market Size and Forecast, by Bore Size
7.3.5.3. France
7.3.5.3.1. France Market Size and Forecast, by Function
7.3.5.3.2. France Market Size and Forecast, by Design
7.3.5.3.3. France Market Size and Forecast, by Bore Size
7.3.5.4. Russia
7.3.5.4.1. Russia Market Size and Forecast, by Function
7.3.5.4.2. Russia Market Size and Forecast, by Design
7.3.5.4.3. Russia Market Size and Forecast, by Bore Size
7.3.5.5. Rest of Europe
7.3.5.5.1. Rest of Europe Market Size and Forecast, by Function
7.3.5.5.2. Rest of Europe Market Size and Forecast, by Design
7.3.5.5.3. Rest of Europe Market Size and Forecast, by Bore Size
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.3. Market Size and Forecast, by Function
7.4.4. Market Size and Forecast by Design
7.4.5. Market Size and Forecast by Bore Size
7.4.6. Market Size and Forecast by Country
7.4.6.1. China
7.4.6.1.1. China Market Size and Forecast, by Function
7.4.6.1.2. China Market Size and Forecast, by Design
7.4.6.1.3. China Market Size and Forecast, by Bore Size
7.4.6.2. Japan
7.4.6.2.1. Japan Market Size and Forecast, by Function
7.4.6.2.2. Japan Market Size and Forecast, by Design
7.4.6.2.3. Japan Market Size and Forecast, by Bore Size
7.4.6.3. India
7.4.6.3.1. India Market Size and Forecast, by Function
7.4.6.3.2. India Market Size and Forecast, by Design
7.4.6.3.3. India Market Size and Forecast, by Bore Size
7.4.6.4. South Korea
7.4.6.4.1. South Korea Market Size and Forecast, by Function
7.4.6.4.2. South Korea Market Size and Forecast, by Design
7.4.6.4.3. South Korea Market Size and Forecast, by Bore Size
7.4.6.5. Rest of Asia-Pacific
7.4.6.5.1. Rest of Asia-Pacific Market Size and Forecast, by Function
7.4.6.5.2. Rest of Asia-Pacific Market Size and Forecast, by Design
7.4.6.5.3. Rest of Asia-Pacific Market Size and Forecast, by Bore Size
7.5. LAMEA
7.5.1. Key Market Trends and Opportunities
7.5.2. Market Size and Forecast, by Function
7.5.3. Market Size and Forecast by Design
7.5.4. Market Size and Forecast by Bore Size
7.5.5. Market Size and Forecast by Country
7.5.5.1. Latin America
7.5.5.1.1. Latin America Market Size and Forecast, by Function
7.5.5.1.2. Latin America Market Size and Forecast, by Design
7.5.5.1.3. Latin America Market Size and Forecast, by Bore Size
7.5.5.2. Middle East
7.5.5.2.1. Middle East Market Size and Forecast, by Function
7.5.5.2.2. Middle East Market Size and Forecast, by Design
7.5.5.2.3. Middle East Market Size and Forecast, by Bore Size
7.5.5.3. Africa
7.5.5.3.1. Africa Market Size and Forecast, by Function
7.5.5.3.2. Africa Market Size and Forecast, by Design
7.5.5.3.3. Africa Market Size and Forecast, by Bore Size
Chapter 8: Company Profiles
8.1. Actuant Corporation
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.2. Caterpillar Inc.
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Product Portfolio
8.2.5. Business Performance
8.3. Eaton Corporation plc
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Product Portfolio
8.3.5. Business Performance
8.3.6. Key Strategic Moves and Developments
8.4. Jarp Industries, Inc
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Product Portfolio
8.4.4. Key Strategic Moves and Developments
8.5. Hengli Hydraulic
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Product Portfolio
8.6. Kawasaki Heavy Industries Limited
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Product Portfolio
8.6.5. Business Performance
8.7. Parker Hannifin Corporation
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Product Portfolio
8.7.5. Business Performance
8.7.6. Key Strategic Moves and Developments
8.8. Robert Bosch GmbH (Bosch Rexroth Ag)
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Product Portfolio
8.8.5. Business Performance
8.9. Texas Hydraulics, Inc
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Product Portfolio
8.9.4. Key Strategic Moves and Developments
8.10. Wipro Limited
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Product Portfolio
8.10.5. Business Performance
List of Tables
Table 01. Global Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 02. Single Acting Hydraulic Cylinders Market, by Region, 2020-2030 ($Million)
Table 03. Double Acting Hydraulic Cylinders Market, by Region, 2020-2030 ($Million)
Table 04. Global Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 05. Tie-Rod Hydraulic Cylinders Market, by Region, 2020-2030 ($Million)
Table 06. Welded Hydraulic Cylinders Market, by Region, 2020-2030 ($Million)
Table 07. Global Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 08. Less Than 50Mm Hydraulic Cylinders Market, by Region, 2020-2030 ($Million)
Table 09. 51Mm to 100Mm Hydraulic Cylinders Market, by Region, 2020-2030 ($Million)
Table 10. 101Mm to 150 Mm Hydraulic Cylinders Market, by Region, 2020-2030 ($Million)
Table 11. Greater Than 151Mm Hydraulic Cylinders Market, by Region, 2020-2030 ($Million)
Table 12. Hydraulic Cylinders Market, by Region, 2020-2030 ($Million)
Table 13. North America Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 14. North America Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 15. North America Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 16. North America Hydraulic Cylinders Market, by Country, 2020-2030 ($Million)
Table 17. U. S Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 18. U. S Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 19. U. S Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 20. Canada Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 21. Canada Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 22. Canada Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 23. Mexico Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 24. Mexico Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 25. Mexico Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 26. Europe Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 27. Europe Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 28. Europe Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 29. Europe Hydraulic Cylinders Market, by Country, 2020-2030 ($Million)
Table 30. Germany Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 31. Germany Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 32. Germany Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 33. UK Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 34. UK Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 35. UK Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 36. France Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 37. France Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 38. France Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 39. Russia Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 40. Russia Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 41. Russia Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 42. Rest of Europe Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 43. Rest of Europe Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 44. Rest of Europe Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 45. Asia-Pacific Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 46. Asia-Pacific Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 47. Asia-Pacific Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 48. Asia-Pacific Hydraulic Cylinders Market, by Country, 2020-2030 ($Million)
Table 49. China Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 50. China Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 51. China Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 52. Japan Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 53. Japan Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 54. Japan Hydraulic Cylinders Market, by Bore Size, 2020- 2030 ($Million)
Table 55. India Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 56. India Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 57. India Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 58. South Korea Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 59. South Korea Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 60. South Korea Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 61. Rest of Asia-Pacific Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 62. Rest of Asia-Pacific Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 63. Rest of Asia-Pacific Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 64. LAMEA Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 65. LAMEA Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 66. LAMEA Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 67. LAMEA Hydraulic Cylinders Market, by Country, 2020-2030 ($Million)
Table 68. Latin America Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 69. Latin America Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 70. Latin America Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 71. Middile East Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 72. Middle East Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 73. Middle East Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 74. Africa Hydraulic Cylinders Market, by Function, 2020-2030 ($Million)
Table 75. Africa Hydraulic Cylinders Market, by Design, 2020-2030 ($Million)
Table 76. Africa Hydraulic Cylinders Market, by Bore Size, 2020-2030 ($Million)
Table 77. Actuant Corporation: Company Snapshot
Table 78. Actuant Corporation: Operating Segments
Table 79. Actuant Corporation: Product Portfolio
Table 80. Caterpillar: Company Snapshot
Table 81. Caterpillar: Operating Segments
Table 82. Caterpillar: Product Portfolio
Table 83. Eaton Corporation plc: Company Snapshot
Table 84. Eaton Corporation plc: Operating Segments
Table 85. Eaton Corporation plc: Product Portfolio
Table 86. Jarp Industries, Inc: Company Snapshot
Table 87. Jarp Industries, Inc: Product Portfolio
Table 88. Hengli Hydraulic: Company Snapshot
Table 89. Hengli Hydraulic: Product Portfolio
Table 90. Kawasaki: Company Snapshot
Table 91. Kawasaki: Operating Segments
Table 92. Kawasaki: Product Portfolio
Table 93. Parker Hannifin Corporation: Company Snapshot
Table 94. Parker Hannifin Corporation: Operating Segments
Table 95. Parker Hannifin Corporation: Product Portfolio
Table 96. Robert Bosch Gmbh: Product Portfolio
Table 97. Texas Hydraulics, Inc: Company Snapshot
Table 98. Texas Hydraulics, Inc: Product Portfolio
Table 99. Wipro Limited: Company Snapshot
Table 100. Wipro Limited: Operating Segments
Table 101. Wipro Limited: Product Portfolio
List of Figures
Figure 01. Global Hydraulic Cylinders Market, 2020-2030
Figure 02. Global Hydraulic Cylinders Market: Key Players
Figure 03. Top Investment Pockets
Figure 04. Top Winning Strategies, by Year, 2018-2020*
Figure 05. Top Winning Strategies, by Development, 2018-2020* (%)
Figure 06. Top Winning Strategies, by Company, 2018-2020*
Figure 07. Low Bargaining Power of Suppliers
Figure 08. Low to Moderate Bargaining Power of Buyers
Figure 09. High Threat of Substitutes
Figure 10. High Threat of New Entrants
Figure 11. Moderate Competitive Rivalry
Figure 12. Top Players Positioning
Figure 13. Drivers, Restraints, and Opportunities
Figure 14. Comparative Share Analysis of Single Acting Hydraulic Cylinders, by Country, 2020 & 2030 (%)
Figure 15. Comparative Share Analysis of Double Acting, by Country, 2020 & 2030 (%)
Figure 16. Comparative Share Analysis of Tie-Rod Hydraulic Cylinders, by Country, 2020 & 2030 (%)
Figure 17. Comparative Share Analysis of Welded Hydraulic Cylinders, by Country, 2020 & 2030 (%)
Figure 18. Comparative Share Analysis of Less Than 50Mm Hydraulic Cylinders, by Country, 2020 & 2030 (%)
Figure 19. Comparative Share Analysis of 51Mm to 100Mm Hydraulic Cylinders, by Country, 2020 & 2030 (%)
Figure 20. Comparative Share Analysis of 101Mm to 150 Mm Hydraulic Cylinders, by Country, 2020 & 2030 (%)
Figure 21. Comparative Share Analysis of Greater Than 151 Mm Hydraulic Cylinders, by Country, 2020 & 2030 (%)
Figure 22. U. S. Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 23. Canada Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 24. Mexico Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 25. Germany Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 26. Uk. Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 27. France. Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 28. Russia Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 29. Rest of Europe Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 30. China Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 31. Japan. Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 32. India. Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 33. South Korea. Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 34. Rest of Asia-Pacific Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 35. Latin America Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 36. Middle East Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 37. Africa Hydraulic Cylinders Market Revenue, 2020-2030 ($ Million)
Figure 38. Actuant Corporation: Revenue, 2018-2020 ($ Million)
Figure 39. Actuant Corporation: Revenue Share by Segment, 2020 (%)
Figure 40. Actuant Corporation: Revenue Share by Region, 2020 (%)
Figure 41. Caterpillar: Net Sales, 2018-2020 ($ Million)
Figure 42. Caterpillar: Revenue Share by Segment, 2020 (%)
Figure 43. Caterpillar: Revenue Share by Region, 2020 (%)
Figure 44. Eaton Corporation plc: Revenue, 2018-2020 ($ Million)
Figure 45. Eaton Corporation plc: Revenue Share by Segment, 2020 (%)
Figure 46. Eaton Corporation plc: Revenue Share by Region, 2020 (%)
Figure 47. Kawasaki: Net Sales, 2018-2020 ($ Million)
Figure 48. Kawasaki: Revenue Share by Segment, 2020 (%)
Figure 49. Kawasaki: Revenue Share by Region, 2020 (%)
Figure 50. Parker Hannifin Corporation: Revenue, 2018-2020 ($ Million)
Figure 51. Parker Hannifin Corporation: Revenue Share by Segment, 2020 (%)
Figure 52. Parker Hannifin Corporation: Revenue Share by Region, 2020 (%)
Figure 53. Robert Bosch Gmbh: Revenue, 2018-2020 ($ Million)
Figure 54. Robert Bosch Gmbh: Revenue by Segment, 2020 (%)
Figure 55. Robert Bosch Gmbh: Revenue Share by Region, 2020 (%)
Figure 56. Wipro Limited: Revenue, 2020-2020 ($ Million)
Figure 57. Wipro Limited: Revenue Share by Segment, 2020 (%)
Figure 58. Wipro Limited: Revenue Share by Region, 2020 (%)

Executive Summary

According to a new report titled, “Hydraulic Cylinders Market by Function, Design, and Bore Size: Global Opportunity Analysis and Industry Forecast, 2021–2030.”

The global hydraulic cylinders market size was valued at $14.07 billion in 2020 and is projected to reach $21.2 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030.

Hydraulic cylinders are mechanical equipment that offer linear movement for lifting heavy loads or handling bulky materials in industrial and mobile applications. These cylinders are used in construction, load lifting, and equipment handling machinery.

The growth of the global hydraulic cylinders market is driven by rise in the material handling equipment industry. Increase in new technologies, such as SGH wire-actuated encoders, which measure the cylinder stroke in the hydraulic cylinder, boost the demand for hydraulic cylinder globally. Growth in the construction equipment market is anticipated to provide potential opportunities for the key players operating in the market. However, hydraulic cylinders are expensive, and its maintenance & operation costs are very high. This factor restricts of the global hydraulic cylinders market growth. Rise in labor cost in construction and mining activities is expected to offer growth opportunities for the hydraulic cylinder market in the near future.

Several manufacturers in the global hydraulic cylinders stopped their business activities in 2020 due to lockdowns implemented in developed and developing countries, owing to ban on industrial activities due to the COVID-19 pandemic. This halt in production activities impacted the revenue of the hydraulic cylinders manufacturing companies. For instance, net sales of Enerpac Tool Group dropped by 24.2% from January 2020 to December 2020. In addition, lack of man power and raw materials affected the supply chain of the global market. However, the market is projected to cover from the first quarter of 2023, due to reduced restrictions and reopening of the global hydraulic cylinders industry. Moreover, in 2021, with the availability of vaccine against COVID-19, the market re-opened at full pace in a start of 2022.

The hydraulic cylinders market is segmented into function, design, bore size, and region. By function, the market is divided into single-acting hydraulic cylinders and double acting hydraulic cylinders. By design, it is classified into tie-rod cylinders and welded cylinders. By bore size, the market is categorized into less than 50mm, 51mm to 100mm, 101mm to 150mm, and greater than 151mm. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of function, the double acting cylinders segment accounted for $8,920.4 million of the global hydraulic cylinder market in 2020 and is projected to grow at a CAGR of 6.4% during the forecast period. The double acting cylinders are extensively used for lifting loads and handling materials in the construction sector, which boost their demand in the hydraulic cylinders market share.

On the basis of design, the welded cylinders segment is expected to account for the highest market share during the forecast period.

On the basis of bore size, the 51mm to 100mm segment is expected to account for the largest share in the global market during the forecast period owing to increase in use of material handling equipment in Asia-Pacific. This is attributed to the new hydraulic cylinders such as telescopic cylinder and plunger cylinder.

The key players operating in the hydraulic cylinders market include Actuant Corporation, Bosch Rexroth AG, Caterpillar Inc., Eaton Corporation Plc, Jarp Industries, Jiangsu Hengli Hydraulic Co., Ltd., Kawasaki Heavy Industries, Parker Hannifin Corporation, Texas Hydraulics, and Wipro Enterprises Limited., have adopted new product launch as their key strategy to expand their market foothold.

Key Findings Of Study


  • The report provides an extensive analysis of the current and emerging global hydraulic cylinders market forecast and dynamics
  • By function, the double acting hydraulic cylinders segment dominated the market in terms of revenue in 2020
  • By design, the welded cylinders segment registered the highest growth in terms of revenue in the global market in 2020
  • By bore size, 51mm to 100mm segment is projected to register the highest growth rate in the coming years
  • The report provides an extensive analysis of the hydraulic cylinders market trends and emerging opportunities of the market
In depth, the global hydraulic cylinders market analysis is conducted by constructing estimations for the key segments between 2020 and 2030.

Companies Mentioned

  • Actuant Corporation
  • Caterpillar Inc.
  • Eaton Corporation Plc
  • JARP Industries Inc.
  • Hengli Hydraulic
  • Kawasaki Heavy Industries Limited
  • Parker Hannifin Corporation
  • Robert Bosch GmbH (Bosch Rexroth AG)
  • Texas Hydraulics Inc
  • Wipro Limited.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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