Hydraulic Cylinder Market Size, Trends & Forecast to 2027 - PowerPoint PPT Presentation

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Hydraulic Cylinder Market Size, Trends & Forecast to 2027

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[245 Pages Report] The global hydraulic cylinder market was valued at USD 14.3 billion in 2021 and is projected to reach USD 18.3 billion by 2027; it is expected to register a CAGR of 4.4% from 2022 to 2027. – PowerPoint PPT presentation

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Title: Hydraulic Cylinder Market Size, Trends & Forecast to 2027


1
MarketsandMarkets Presents

Hydraulic Cylinder Market Size, Trends Forecast
to 2027 Hydraulic Cylinder Market by Function
(Double-acting Single-acting), Specification
(Welded, Tie Rod, Telescopic, and Mill Type),
Application, Bore Size (lt50 MM, 50150 MM, gt150
MM), Industry and Region (2021-2027) https//www.
marketsandmarkets.com/Market-Reports/hydraulic-cyl
inders-market-252743122.html
2
245 Pages Report The global hydraulic cylinder
market was valued at USD 14.3 billion in 2021 and
is projected to reach USD 18.3 billion by 2027
it is expected to register a CAGR of 4.4 from
2022 to 2027. Browse 196 market data Tables
and 65 Figures spread through 245 Pages and
in-depth TOC on "Hydraulic Cylinder Market with
COVID-19 Impact, by Function (Double-acting
Single-acting), Specification (Welded, Tie Rod,
Telescopic, and Mill Type), Application, Bore
Size (lt50 MM, 50150 MM, gt150 MM), Industry and
Region - Global Forecast to 2027"
3
APAC to Witness Highest CAGR in Hydraulic
Cylinder Market During Forecast Period The
hydraulic cylinder market in APAC held the
largest share and is expected to grow at the
highest CAGR from 2022 to 2027. The growing
demand for agricultural, construction, and mining
equipment in this region is supporting the growth
of the market. The growing demand for food from
the growing population in this region and the
increasing industrialization in emerging
countries are fueling the growth of the
agriculture and construction industries in the
region. Japan and Australia are the major markets
for hydraulic cylinders in APAC. Japan is home to
major automotive manufacturers and suppliers who
are challenged by rising labor costs and higher
lead time associated with manual processes. To
overcome these challenges, companies are adopting
automated and semi-automated material handling
equipment. Australia is rich in minerals, and the
mining of these minerals is fueling the demand
for mining equipment. Ask PDF Brochure https//w
ww.marketsandmarkets.com/pdfdownloadNew.asp?id252
743122 Agriculture Industry to Register Highest
CAGR in Hydraulic Cylinder Market During Forecast
Period The market for the agriculture industry is
expected to grow at the highest CAGR during the
forecast period. The agriculture industry is
growing with the increasing use of machines for
performing complex tasks from planting
vegetables to plowing fields. From pecan tree
shakers to sugar cane harvesters and automated
bale trailers to sprayer booms, hydraulic
cylinders are deployed in almost all the
agriculture equipment for lifting and movement
control. The globally increasing population and
the deteriorating environmental conditions have
put pressure on the agriculture industry to meet
the food demand. This has increased investments
in machines for precision agriculture, which is
expected to drive the demand for hydraulic
cylinders.
4
OPPORTUNITIES Increasing demand for lifting
equipment in shipping industry Dockyards usually
have numerous shipping containers of varied sizes
and weights, which are stacked hundreds of feet
high. There are numerous containers worldwide
with standard sizes of 20, 40, 45, 48, and 53
feet and weigh around 30 to 42 tons. To ship
these heavy containers, lifting equipment are
used. Shipping is the most important mode of
transport worldwide that facilitates
international trade. The majority of items, from
electronics, automobiles, textiles, and raw
metals to oil gas, are transported by ships.
The facilitating institutional and technological
factors such as the adoption of industrial IoT
and support from governments are propelling the
growth of the shipping industry, which fuels the
need for lifting equipment at ports. Though the
adoption of lifting equipment is still at a
nascent stage, it is expected to rise
significantly in the coming years and, therefore,
is expected to be a potent source of demand for
hydraulic cylinders. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id252743122 CHALLENGES
Availability of substitutes Hydraulic cylinders
are operated by fluid, mostly oil. The leakage of
these fluids causes environmental contamination.
Thus, end users looking to maintain a clean and
healthy environment prefer cleaner alternatives
against hydraulic cylinders. One such option is
the use of pneumatic cylinders, which use the
pressure of compressed gas to produce a force in
a reciprocating linear motion. Since pneumatic
cylinders use a gas, even if there is any
leakage, it does not contaminate the surrounding.
Pneumatic cylinders are used in agricultural and
material handling applications, which require the
personnel to be in close proximity to these
cylinders. Thus, the availability of cleaner
substitutes acts as a challenge for the growth of
the hydraulic cylinder market.
5
Double-Acting Hydraulic Cylinders to Account for
Larger Share of Hydraulic Cylinder Market During
Forecast Period The double-acting segment is
expected to hold a larger share of the hydraulic
cylinder market during the forecast period from
2022 to 2027. Owing to the retraction property of
these cylinders, they are used in aerospace,
automotive, agriculture, and several other
industries. These cylinders have a higher demand
in mobile applications such as lifting equipment,
earth moving equipment, forklifts, and heavy
trucks. Double-acting hydraulic cylinders are
suitable in presses and chippers for opening and
closing drawers and all types of raising and
lowering devices such as excavators and
cranes. Welded Hydraulic Cylinders to Account
for Largest Share Of Hydraulic Cylinder Market
During Forecast Period Welded hydraulic cylinders
held the largest share of the hydraulic cylinder
market in 2021. The large market size of welded
hydraulic cylinders can be attributed to their
dominance in mobile hydraulic applications such
as construction equipment, material handling
equipment, mining equipment, and forklifts. These
are mainly preferred where space is a constraint
due to their short length and compact design,
enabling them to fit better into the tight
confines of machinery. They are more durable than
tie-rod cylinders and do not suffer from failures
due to tie rod stretch at high pressures and long
strokes. Mobile Equipment to Hold Larger Share
of Hydraulic Cylinder Market During Forecast
Period The mobile equipment segment held a larger
share of the hydraulic cylinder market in 2021.
Mobile equipment, such as excavators, loaders,
and cranes, require hydraulic cylinders to
operate. The applications of hydraulic cylinders
in the mobile equipment industry include
earthmoving, material handling, mining, and
defense. An increase in industrialization and
construction activities will further increase the
demand for hydraulic cylinders in mobile
applications.
6
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7
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