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Global Hydraulic Cylinder Market By Function and by Region

by Oliver Smith Sr. SEO Executive

The Noah Research stimulates that the Hydraulic Cylinder Market will encounter an exacerbation in demand over the forecast period. This is because of the aggravating demand for effective construction, evolution of latest technologies, and rising demand for material handling tools.

Introduction of the Hydraulic Cylinder Market

Hydraulic cylinder or hydraulic pump refers to a kind of linear actuator powered by the hydrostatic energy. An actuator is an autonomous device established to create a pressure in a straight line either pulling or pushing. Hydraulic energy is a mixture of volume or rate to measure the movement of liquid and pressurized fluid indicated as flow and pressure.

Key Players of Market:

Hydac
Jiangsu Hengli Hydraulic
Parker Hannifin
Eaton Corporation
Bosch Rexroth
Wipro Enterprises
Actuant Corporation
SMC Corporation
KYB Corporation
Caterpillar Inc.

Hydraulic Cylinder Market Dynamics

The factors paving the way for the growth of the global hydraulic cylinder market include increasing industrialization and the continuous research and development activities to stimulate technological innovations. In addition, the faster speed, elevated factuality and veracity as well as enhanced effectiveness in energy creation have further propelled the market growth. Further, the escalation in infrastructure across various emerging countries is projected to stimulate the market growth.

Simultaneously, the resilience against acute conditions, safety, less power usage, adaptability, and reliability are the crucial features of these cylinders elevating the market growth. On the other hand, the inflate cost concerned with maintenance and fabrication as well as the leakage issue associated with these cylinders will hinder the market growth.

Industry Segment Drivers

As per the industry segment, agriculture is contemplated to perceive a higher growth over the coming years. This is because of the mounting demand for this instrument in ago-based countries, such as Nepal, India, and Myanmar with excessive production of rice, wheat, cotton, and sugarcane to serve the evolving demand from Germany, the US, Hong Kong, and Vietnam. This has raised the demand of this cylinder for precision agriculture.

Function Segment Drivers

Double-acting hydraulic cylinders, based on function segment, are expected to bolster at a faster CAGR over the forecast period. This is because of their soaring implementation in agriculture and automotive because of their recreational feature. These cylinders are primarily employed in mobile applications such as lifting and earth moving tools, telescopic loaders, harvesters, tractors, forklifts, and heavy trucks.

Regional Coverage

In accordance with the geographical coverage, Asia-Pacific is contemplated to seize the largest share in the market. The swift escalation in infrastructure and increasing industrialization has driven the market growth. Also, the soaring demand from construction and agricultural sector will impel the market growth.

Hydraulic Cylinder Market Segmentation:

Segmentation by Function

· Single-acting hydraulic cylinders

· Double-acting hydraulic cylinders

Segmentation by Specification

· Welded Cylinder

· Tie-Rod Cylinder

· Telescopic Cylinder

· Mill-Type Cylinder

Segmentation by Application

· Mobile

· Industrial

Segmentation by Bore Size

· <50 MM

· 50–150 MM

· >150 MM

Segmentation by Industry

· Construction

· Aerospace & Defense

· Material Handling

· Agriculture

· Automotive

· Mining

· Oil & Gas

· Marine

· Others

Segmentation by Region:

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· North America

o United States of America

o Canada

· RoW

o UAE

o Brazil

o South Africa

o Saudi Arabia

About Noah Research

The consulting and market research enterprise provides business acumen and research reports to various organizations. The team of Noah Research assists the clients in apprehending the influence of various market dynamics such as forecasts, major drivers, and market restraints. Our analysts conduct market intelligence studies to certify that all factual research reaches different sectors. The guidance to clients offered by our analysts help them to reach an actionable decision. Our research organization always contemplates to support business outshine others.