About Hydraulic Cylinders
A hydraulic cylinder is a mechanical actuator that is used to give a unidirectional force through a unidirectional stroke. The hydraulic cylinder consists of a cylinder barrel, in which a piston connected to a piston rod moves back and forth. Hydraulic systems are used in vehicle braking systems, power steering systems, shock absorbers, material handling vehicles such as excavators and aerial work platforms, and more. double-acting. Single-acting and double-acting cylinders are the two most used types of hydraulic cylinders. Growing industrial automation is the driver of market growth.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 5.86% |
Hydraulic Cylinder is a growing market due to the presence of many established competitors Growth in infrastructure is the driver of the market growth. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Hydraulic Cylinders market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DY power corporation (South Korea), Serta (United States), Dong Yang Mechatronics Corp (South Korea), SH PAC (South Korea), TA TA Science and Technology (United States), Shpac (United States), Hualin Hydraulic co, ltd (China), Burnside Eurocyl LTD (Ireland), RAM Industries Inc. (Canada) and Hydrolico International Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are SMC Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Hydraulic Cylinders market by Type (Telescopic cylinder, Plunger Cylinder, Differential Cylinder, Position sensing smart hydraulic cylinder, Single Acting hydraulic cylinder and Double-acting hydraulic cylinder) and Region.
On the basis of geography, the market of Hydraulic Cylinders has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Design, the sub-segment i.e. Tie-rod cylinders will boost the Hydraulic Cylinders market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Parts, the sub-segment i.e. Cylinder Barrel will boost the Hydraulic Cylinders market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Growth in infrastructure and Growth in industrial automation.
Challenges:
Extreme Temperature and Over -Pressurizing
Restraints:
Contaminated fluids and High Maintenance
Opportunities:
Emerging demand in developing regions.
Market Leaders and their expansionary development strategies
In June 2020, EBSCO Capital Announces the Acquisition of Hydraulics for Bailey International Recognized for quality and reliability, with an extensive portfolio of products and capabilities including hydraulic cylinders, manifolds, valves, and other equipment, Hydrolico is an ideal acquisition for Bailey. This acquisition will expand Bailey’s product portfolio and provide additional expertise in hydraulic and pneumatic component manufacturing and sourcing capabilities
In October 2023, Black Bruin launches upgraded hydraulic wheel drive systems at Agritechnica. The radial piston motor with rotating housing design, combined with new technologies, offers many advantages to improve the productivity and sustainability of machines in the cultivation of the fields.
Key Target Audience
Research and Development (R&D) companies, Hydraulic cylinder designers and manufacturers, Market research and consulting firms., Government Agencies, End User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.