— Hydraulic Cylinder Market poised to surpass USD 16.44 billion by 2025, according to a new research report by Global Market Insights, Inc. Hydraulic cylinder market is projected to garner a lucrative valuation over the next few years, subject to the surging demand for the product across the material handling, agriculture, food processing, and other industrial sectors.
These cylinders find extensive applications in equipment such as offshore, electronic overhead traveling, marine, and level luffing cranes, which are used heavily across the material handling sector and other industrial arenas. The extensive demand for these equipment and the heavy growth of the industrial sectors such as food & beverages, oil & gas, power generation, and retail will propel hydraulic cylinder industry size.
Industrial applications held more than 32% of hydraulic cylinder market share in 2015 and is anticipated to grow at a rate of more than 4% over 2016-2025, subject to the massive development of numerous sectors such as O&G, F&B, and electricity generation.
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The Asia Pacific belt has been experiencing a massive surge in industrialization and construction, especially across the emerging economies of China and India. In fact, the Chinese government has declared an investment of more than USD 151 million on the Hubei Xiaogan logistics infrastructure project. Owing to the rapid growth of the myriad industrial arenas and the investments in the infrastructure development, China hydraulic cylinder market size is expected to hit USD 1 billion by 2025.
Hydraulic cylinders can be single acting or double acting. The latter are widely used across applications that require acceleration control, retraction resistance, and cushion stoppage. Subject to their usage for earth moving equipment, forklifting, and truck lifting, double acting hydraulic cylinder industry is anticipated to cross USD 11 billion 2025. Single acting hydraulic cylinder market, on the other hand, is expected to grow at a rate of 6% over 2016-2025 in terms of volume, having had a valuation of USD 3.12 billion in 2015. This growth can be credited to the product’s usage in DC power applications owing to its high efficiency and unidirectional functionality.
Browse key industry insights spread across 165 pages with 474 market data tables & 11 figures & charts from the report, “Hydraulic Cylinder Market" in detail along with the table of contents:
Rod cylinders are heavily used in agricultural equipment and are easily repairable, subject to which rod hydraulic cylinder market will grow at a rate of 6% over the next few years. Speaking of which, hydraulic cylinder market share from mobile applications is anticipated to cross 35 million units by 2025, pertaining to the high demand for the product in the material handling and agricultural equipment sectors.
U.S. hydraulic cylinder industry, subject to the high investments on the defense & aerospace sectors, is projected to cross USD 3 billion by 2025.
Major companies exploiting the numerous opportunities in hydraulic cylinder market include Bosch Rexroth AG, Yeletsgidroagregat, Hannon LLC, Eaton Corporation PLC, Pacoma GmbH, Parker-Hannifin Corporation, Hydrapac Italia, Ligon Industries, United Hydraulics, Bailey International LLC, Weber-Hydraulik Group, Prince Manufacturing Corporation, Aggressive Inc., Burnside Autocyl (Tullow) Ltd., Hydrosila, Hyco International, Inc., Chapel Hydraulique, Baltic, Precision Group Inc., Caterpillar Inc., Best Metal Products, Perfection, Norrhydro Oy, Wipro Infrastructure Engineering, Texas Inc., and Enerpac Corp.
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