Hydraulic Cylinder Market Growth, Competitive Analysis by Top Manufactures, High Emerging Trends and Forecast 2022 to 2030

Organic Skin Care Market

No. of Pages- 110+

List of tables- 20+

List of Figures- 20+

“According to the research report, the global hydraulic cylinder market was valued at USD 14.29 billion in 2021 and is expected to reach USD 20.82 billion by 2030, to grow at a CAGR of 4.4% during the forecast period.”

A hydraulic cylinder is mechanical equipment, which creates linear actuation by converting the hydraulic energy back to a mechanical movement utilizing hydraulic pressure. It’s an actuation device that receives power from hydraulic liquid, which is usually oil.  A hydraulic cylinder has a piston with a piston rod. The piston separates the inside of the cylinder into two chambers. Single-acting and double-acting hydraulic cylinders are the two types of the hydraulic cylinder. The single-acting cylinders only operate in one direction, while double acting hydraulic cylinders operate in two directions

The hydraulic cylinder’s market is growing due to the increasing demand for heavy construction and vehicles incorporated with hydraulic systems from mining, construction, and oil & gas industries for the purpose of the transportation and raw material displacement works. Hydraulic cylinders are used in earth-moving equipment, hydraulic bending machines, metal sheet shearing machines, particle boards, or plywood making hot presses.

Request Sample Copy of Research Report @ https://www.polarismarketresearch.com/industry-analysis/hydraulic-cylinders-market/request-for-sample

Top Global Market Players:

  • Bosch Rexroth
  • Burnside Autocyl
  • Caterpillar
  • Eaton
  • Enerpac Tool Group
  • Hydac
  • Jiangsu Hengli Hydraulic
  • KYB Corporation
  • Pacoma GmbH
  • Parker-Hannifin Corporation
  • SMC Corporation
  • Standex International
  • Texas Hydraulics Inc.
  • Weber-Hydraulik Gmbh
  • Wipro Enterprises

Hydraulic Cylinder Market: Growth Drivers

Increasing demand for hydraulic cylinder in mining, construction, and agricultural vehicles is primarily fueling the growth of the hydraulic cylinder market growth. The development of the construction sector around the globe is expected to favor market growth as they are majorly used in earth-moving equipment to lift or lower the boom, arm, or bucket. The rising use of these cylinders in mobile applications such as excavators, loaders, graders, dump trucks, backhoes, and dozers is another factor boosting the market expansion. There are smart city projects undergoing across various countries. Such projects, along with smart infrastructure initiatives, led to increasing growth in construction activities, thus fueling the hydraulic cylinder market’s growth.

Moreover, rising focus on the development of smart hydraulic cylinders is expected to create new opportunities in the industry. In addition, a surge in the usage of fracturing and cracking equipment for the exploration and manufacturing of shale oil and gas is expected to positively influence the market growth during the foreseen period.

Speak To Our Analyst @ https://www.polarismarketresearch.com/industry-analysis/hydraulic-cylinders-market/speak-to-analyst

Hydraulic Cylinder Market: Report Segmentation

  • Based on function, the global hydraulic cylinder market is segmented into single-acting and double-acting. The double-acting segment led the global hydraulic cylinder market.
  • On the basis of specification, the market is categorized into Welded, Tie Rod, Telescopic, and Mill Type
  • Based on application, the market is segmented into Industrial and Mobile. The mobile segment is anticipated to account for the highest CAGR during the forecast period.
  • Based on industry vertical, the market is divided into Construction, Aerospace, Material Handling, Agriculture, Mining, Automotive, Marine, Oil & Gas, and Others. The agriculture industry segment is expected to record the highest CAGR over the forecast period.

Geographical Overview: Hydraulic Cylinder Market

Based on geography, North America witnessed the largest revenue share in the global hydraulic cylinder market owing to the growing investment in the construction industry. Rising investment across construction industry is expected to fuel the demand for hydraulic cylinder during the forecast period. Also, government across the region are continuously taking efforts to advance aerospace and defense industry. These initiatives will boost the market growth in the region.

Moreover, Moreover, Asia Pacific is expected to generate the highest growth in the global market. Foreign players are increasing deploying the products in the region. Thus, these infrastructure developments are driving the demand for hydraulic cylinder in the region.

Ask for Customization of this Report @ https://www.polarismarketresearch.com/industry-analysis/hydraulic-cylinders-market/request-for-customization

Recent Developments

  • In November 2021, the U.S. Government approved the Infrastructure Investment and Jobs Act, a USD 1.2 trillion infrastructure bill.
  • In January 2021, Weber-Hydraulik launched a specially designed product line of hydraulic cylinders to be used as support cylinders for mobile cranes.

Hydraulic Cylinder Market: By Function Outlook

  • Single-acting
  • Double-acting
  • By Specification Outlook
  • Welded
  • Tie Rod
  • Telescopic
  • Mill Type

Hydraulic Cylinder Market: By Application Outlook

  • Industrial
  • Mobile

Hydraulic Cylinder Market: By Industry Vertical Outlook

  • Construction
  • Aerospace
  • Material Handling
  • Agriculture
  • Mining
  • Automotive
  • Marine
  • Oil & Gas
  • Others

About Us:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

Contact Us:

Polaris Market Research

Phone: +1-929-297-9727

Email: sales@polarismarketresearch.com