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New York, October 8, 2021/PRNewswire/-The global hydraulic cylinder market by end user (CMMH, agriculture, aerospace and defense, and industrial equipment) and geography (Asia Pacific, North America, Europe, MEA, and South America) ) Has been added to Technavio's products. The global hydraulic cylinder market will grow by US$2.53 billion and will accelerate at a compound annual growth rate of approximately 5% between 2021 and 2025.
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After the second wave of COVID-19 pandemic, countries around the world have adopted stricter safety guidelines. This has resumed manufacturing activities and increased the number of construction activities worldwide. The resurgence of these activities is increasing the demand for hydraulic equipment such as valves, pumps, cylinders, and filters.
The market is expected to be driven by factors such as the growth of agricultural mechanization and agricultural machinery market, the accelerated growth of the global construction machinery market, and the growth of the commercial aircraft leasing market.
The report also provides information on upcoming trends and challenges that will affect market growth. Quickly check our sample report before buying
Governments all over the world are focusing on developing and transforming their infrastructure. For example, the governments of countries such as Saudi Arabia and the United Arab Emirates are investing heavily in the development of luxury hotels, resorts, parks and religious monuments to accommodate the growing tourist population from the Middle East. This development is increasing the demand for construction machinery, thereby creating several growth opportunities for market participants.
Hydraulic cylinder market: segmented by type
According to the end user segmentation, this market will generate the largest revenue in the CMMH segment in 2020. This market segment is driven by the advantages of easy installation and high precision compared to alternatives such as cylinders and CMMH machinery. In addition, the growth of the global construction industry has also promoted the growth of this market segment.
Hydraulic Cylinder Market: Segmented by Geography
The Asia-Pacific region has the largest market share in 2020, and market growth in this region is expected to be faster compared to market growth in other regions. The growth of the Asia-Pacific market can be attributed to the rapid growth of the construction industry and the high adoption of construction machinery and material handling equipment in the region. In addition, the strong growth of the automotive industry has promoted the growth of the hydraulic cylinder market in the Asia-Pacific region.
One of the Fortune 500 companies used detailed research reports on the hydraulic cylinder market and decided to increase its market share in the Asia-Pacific region that offers the highest market opportunities during the forecast period.
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Hydraulic cylinder market: major suppliers
The company provides hydraulic cylinders, such as welding hydraulic cylinders, telescopic cylinders, and rolling mill hydraulic cylinders.
The company provides hydraulic cylinders, such as Maxim tie rod hydraulic cylinders, WSB rotary ball welding hydraulic cylinders, etc.
The company provides hydraulic cylinders, such as rolling mill cylinders, tie rod cylinders, and large cylinders.
The company provides hydraulic cylinders, namely CLY GP-1090, Head70X45, ROD AS-HYD-YM, etc.
The company provides hydraulic cylinders EH series, IHM and TV series, N series, G series.
In addition to market data, Technavio also provides customized services based on the company's specific needs. The following customization options are available for the hydraulic cylinder market report:
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Global control valve market-The global control valve market is segmented by products (sliding shafts and rotating shafts), end users (electricity, oil and gas, chemicals, water and wastewater (WWI), etc.), and geography (Asia Pacific, Europe), North America, MEA and South America). Download an exclusive free sample report
Accelerate at a compound annual growth rate of approximately 5%
Asia Pacific, North America, Europe, MEA and South America
U.S., China, Germany, Japan, and U.K.
Leading company, competitive strategy, scope of consumer participation
Aggressive Hydraulics Inc., Bailey International LLC, Bosch Rexroth AG, Caterpillar Inc., Eaton Corp. Plc, HANNON HYDRUALICS LLC, HYDAC Verwaltung GmbH, Ligon Industries LLC, Parker Hannifin Corp. and Wipro Enterprises (P) Ltd.
Mother market analysis, market growth incentives and obstacles, fast-growing and slow-growing market segments, COVID 19 impact and future consumer dynamics, and market conditions during the forecast period.
If our report does not contain the data you are looking for, you can contact our analysts and customize the market segment.
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