According to the new market research report "Hydraulic
Cylinder Market with
COVID-19 impact, by Function (Double-Acting, Single-Acting), Specification
(Welded, Tie-Rod, Telescopic, Mill-Type), Application (Mobile and Industrial),
Bore Size, Industry, and Region - Global Forecast to 2025", the global hydraulic cylinder market size is
projected to reach USD 15.8 billion by 2025 from USD 13.4 billion in 2020 at a
CAGR of 3.3%. The market growth is fueled by rising demand from the
construction industry, growing use in mining equipment, and increasing demand
for material handling equipment.
Browse 201
market data Tables and 65 Figures spread through 239 Pages and
in-depth TOC on "Hydraulic
Cylinder Market with COVID-19 impact - Global Forecast to 2025"
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Double-acting hydraulic cylinders to hold the
largest size of hydraulic cylinder market from 2020 to 2025
Double-acting hydraulic cylinders are suitable for
use in presses and chippers for opening and closing drawers and all types of
raising and lowering devices such as excavators and cranes. Unlike
single-acting cylinders, double-acting cylinders have two ports, i.e., the
cap-end port and rod-end port, enabling them to operate hydraulically in
forward as well as backward directions. They can be used vertically as well as
horizontally as they have the mechanism to help the piston to expand and
retract each time it pushes or needs to pull an object. The growing agriculture
industry in APAC is expected to increase the demand for double-acting hydraulic
cylinders.
Telescopic hydraulic cylinder market to grow at
highest CAGR during the forecast period
Telescopic cylinders are also called multi-stage
cylinders. They comprise several cylinders nested inside each other, termed as
stages. To maintain stability, there are six stages. The largest sleeve is
called the main or barrel within which the smaller ones fit. The retraction
length of these cylinders is 20–40% of the fully extended length. Therefore,
telescopic cylinders are ideal when mounting space is limited, and a long
stroke is required. The high growth of telescopic hydraulic cylinders is
attributed to their extensive use in applications such as dump trucks,
excavators, roll-off trucks, and cranes.
Hydraulic cylinder market for agriculture industry
to grow at highest CAGR from 2020 to 2025
Increasing population across the world and
deteriorating environmental conditions have put pressure on the agriculture
industry to meet the food demands. This has increased investments in machines
for precision agriculture, which is expected to drive the demand for hydraulic
cylinders. However, some of the major agriculture equipment manufacturers
announced temporary factory shutdowns in the past few months due to the recent
outbreak of the COVID-19 pandemic. Most of the agriculture equipment
manufacturers source a few components such as hydraulic cylinders from
suppliers that are also scaling back or struggling to remain open. This is
expected to act as a challenge for the growth of the hydraulic cylinder market
for the agriculture industry during the COVID-19 pandemic.
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APAC to be the fastest-growing market for hydraulic
cylinders during forecast period
The hydraulic cylinder market in APAC is expected to
grow at the highest CAGR during 2020 to 2025. Increasing demand for
agricultural, construction, and mining equipment in APAC is supporting the
growth of the hydraulic cylinder industry in the region. Countries such as
China, Japan, and India are a few of the major manufacturing hubs for hydraulic
cylinders. However, the outbreak of the COVID-19 pandemic in the region has led
to a significant slowdown in the manufacturing industry. The pandemic has
severely affected the manufacturing and supply chain of hydraulic cylinders.
The implementation of lockdown in several countries in the region has led to
supply chain disruptions eventually affecting the global economy.
The key players operating in the hydraulic cylinder
market include Enerpac Tool Group (US), Bosch Rexroth (Germany), Caterpillar
(US), Eaton (Ireland), KYB Corporation (Japan), Parker-Hannifin Corporation
(US), SMC Corporation (Japan), Jiangsu Hengli Hydraulic (China), Wipro
Enterprises (India), HYDAC (Germany).
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