Global Hydraulic Cylinder Market Report 2024, Share, Growth, Size and Forecast Till 2032

The latest report by IMARC Group, titled “Hydraulic Cylinder Market Report by Function (Single-Acting Hydraulic Cylinders, Double-Acting Hydraulic Cylinders), Type (Tie-Rod Cylinders, Welded Cylinders, Telescopic Cylinders, Mill-Type Cylinders), Bore Size (<50 MM, 50–150 MM, >150 MM), Application (Mobile, Industrial), End-Use Industry (Construction, Aerospace & Defense, Material Handling, Agriculture, Automotive, Mining, Oil & Gas, Marine, and Others), and Region 2024-2032“, The global hydraulic cylinder market size reached US$ 14.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032.

Factors Affecting the Growth of the Hydraulic Cylinder Industry:

Growing Automotive and Aerospace Industries:

The automotive and aerospace industries are driving the hydraulic cylinder market. In the automotive sector, hydraulic cylinders are integral to several systems, including braking and suspension systems. As vehicle production ramps up and technology advances, the demand for high-performance hydraulic cylinders propels the market growth. Similarly, in aerospace, hydraulic cylinders are crucial for landing gear mechanisms, control surfaces, and cargo handling systems. Along with this, the aerospace industry's expansion is driven by increased air travel and advancements in aircraft design, which is escalating the demand for these components. Furthermore, the push for innovation in both sectors such as more efficient braking systems or enhanced landing gear technology requires sophisticated hydraulic solutions, thus bolstering the growth of the hydraulic cylinder industry.

Expanding Agricultural Machinery:

The modernization of agricultural machinery has significantly impacted the hydraulic cylinder market. Additionally, modern tractors, harvesters, and other farming equipment utilize hydraulic systems for essential functions like lifting, steering, and controlling implements. As agricultural practices evolve toward higher efficiency and automation, there is a growing need for advanced hydraulic cylinders that can handle increased workloads and provide more precise control. Moreover, the shift toward larger, more complex machinery in agriculture, coupled with the need for reliable and durable hydraulic systems to improve productivity, is escalating the demand for hydraulic cylinders. Along with this, innovations in agricultural technology, such as precision farming and automated systems, further elevate the need for sophisticated hydraulic components.

Energy Sector Growth:

The energy sector's expansion has a substantial impact on the hydraulic cylinder industry. Additionally, hydraulic cylinders are essential in various energy production processes, from oil and gas extraction to renewable energy applications. Moreover, in oil and gas operations, hydraulic cylinders are used in drilling rigs, blowout preventers, and wellhead equipment, where their durability and performance under high pressures influence market growth. Similarly, in renewable energy, hydraulic systems are employed in wind turbines and hydroelectric plants to control pitch angles and manage water flow, respectively. Hence, the push toward cleaner energy sources and increased energy production necessitates advanced hydraulic solutions, thereby escalating the demand for hydraulic cylinders. As the global energy landscape evolves, the need for efficient and robust hydraulic systems continues to propel the market growth.

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Competitive Landscape with Key Player:

Bosch Rexroth AG

Caterpillar Inc.

Eaton Corporation

Enerpac Tool Group (Formerly Actuant Corporation)

Hannon Hydraulics

HYDAC INTERNATIONAL GmbH

JARP Industries

Kappa Engineering

KYB Corporation

Parker-Hannifin Corporation

SMC Corporation

Texas Hydraulics Inc.

United Hydraulics

Wipro Enterprises

The report has segmented the market into the following categories:

Breakup by Function:

Single-Acting Hydraulic Cylinders

Double-Acting Hydraulic Cylinders

Double-acting hydraulic cylinders represent the largest segment due their capability to exert force in both extension and retraction, making them versatile for various applications.

Breakup by Type:

Tie-Rod Cylinders

Welded Cylinders

Telescopic Cylinders

Mill-Type Cylinders

Welded cylinders account for the largest market share as they offer durability and high strength for demanding industrial applications compared to other types.

Breakup by Bore Size:

<50 MM

50–150 MM

>150 MM

50–150 MM dominates the market growth, as it provides a balance between force output and compactness, making it suitable for a wide range of applications.

Breakup by Application:

Mobile

Industrial

Mobile represents the largest segment, due to their extensive use in construction, agriculture, and transportation where hydraulic power is essential for operation.

Breakup by End-Use Industry:

Construction

Aerospace & Defense

Material Handling

Agriculture

Automotive

Mining

Oil & Gas

Marine

Others

Construction holds the largest market share as hydraulic cylinders are critical for heavy machinery and equipment used in building and infrastructure projects.

Market Breakup by Region:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

Asia Pacific’s dominance in the hydraulic cylinder market is attributed to its rapid industrialization, growing infrastructure projects, and increasing mobile and construction equipment demand.

Global Hydraulic Cylinder Market Trends:

At present, the growing trend toward automation in manufacturing and industrial processes is escalating the demand for hydraulic cylinders. Automated systems require reliable and precise hydraulic components. Additionally, manufacturers are focusing on developing more compact and lightweight hydraulic cylinders to meet the demands of modern equipment, where space and weight constraints are significant. Besides this, the trend toward offering customized and specialized hydraulic cylinders to meet the specific needs of various industries, such as construction, aerospace, and agriculture is influencing the market growth.

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