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The Global Hydraulic Cylinder Market 2018

Update:Dec 17, 2018
Summary:

A hydraulic cylinder (also called a linear hydraulic mo […]

A hydraulic cylinder (also called a linear hydraulic motor) is a mechanical actuator that is used to give a unidirectional force through a unidirectional stroke. It has many applications, notably in construction equipment (engineering vehicles), manufacturing machinery, and civil engineering.

 

Welded hydraulic cylinders held the largest market share in 2017. Welded hydraulic cylinders are welded by the metal around the cylinder, making them heavy-duty cylinders. These types of cylinders find applications in areas such as construction equipment, material handling, and forklifts. They are used in heavy-duty equipment such as drillers for oilrigs and huge cranes.

 

According to a new market report, the global market for hydraulic cylinders is estimated to reach a value of US$ 11,410.4 Mn by 2018 end. With a CAGR of 4.3% from 2018 to 2026, the market is expected to reach a value of US$ 16,019.9 Mn by 2026.

 

The market for hydraulic cylinders is primarily driven by growing infrastructural developments coupled with construction activities across the globe.

 

Applications

Construction
Aerospace & Defense
Agriculture
Mining
Automotive
Marine
Oil & Gas
Others

 

Product types

Tie rod cylinder
Welded body cylinder
Telescopic
Mill Type

 

Regions

The North America region is anticipated to dominate the market in terms of volume and value, which can be mainly attributed to the presence of a majority of manufacturers in the region, who are focusing on product innovation. The region is pegged to grow with an impressive CAGR between 2018 and 2026. Moreover, the North American hydraulic cylinder market is expected to emerge as the most lucrative market in the world during the forecast period. Additionally, rapid industrialization and construction activities across countries of Asia Pacific, mainly India and China are expected to create healthy demand for hydraulic cylinders from the region.