Hydraulic Cylinder Market is Expected to Experience Significant Growth during the Forecast Period

The global hydraulic cylinder market is expected to experience significant growth in the coming years, driven by the increasing demand for heavy construction and mining vehicles from various industries. According to recent research, the market was estimated to be worth USD 14.3 billion in 2021 and is projected to reach USD 18.3 billion by 2027, growing at a CAGR of 4.4% from 2022 to 2027.

The market has been segmented by function, specification, bore size, application, industry, and geography. Double-acting hydraulic cylinders are expected to hold a larger share of the market due to their versatility and widespread use in various industries such as aerospace, automotive, agriculture, and construction. Welded hydraulic cylinders held the largest share of the market in 2021 due to their compact design and durability, making them a popular choice for mobile hydraulic applications.

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Double-Acting Hydraulic Cylinders to Dominate Hydraulic Cylinder Market

The hydraulic cylinder market is expected to witness significant growth during the forecast period from 2022 to 2027. Within this market, double-acting hydraulic cylinders are expected to hold a larger share due to their versatility and widespread use in various industries such as aerospace, automotive, agriculture, and construction.

Welded Hydraulic Cylinders to Maintain Dominance

Welded hydraulic cylinders held the largest share of the hydraulic cylinder market in 2021. Their compact design and durability make them a popular choice for mobile hydraulic applications such as construction equipment, material handling equipment, mining equipment, and forklifts. These cylinders are preferred where space is a constraint, and their reliability ensures minimal failures due to tie rod stretch at high pressures and long strokes.

Mobile Equipment to Drive Demand

The mobile equipment segment held a larger share of the hydraulic cylinder market in 2021. Hydraulic cylinders are essential for the operation of mobile equipment such as excavators, loaders, and cranes. The applications of hydraulic cylinders in the mobile equipment industry include earthmoving, material handling, mining, and defense. The increasing demand for mobile equipment in various industries will continue to drive the demand for hydraulic cylinders.

Hydraulic Cylinders with Bore Size of 50–150 MM to Lead

Hydraulic cylinders with a bore size ranging from 50 to 150 mm held the largest share of the hydraulic cylinder market in 2021. These cylinders are used in various types of construction, earthmoving, material handling, and agricultural equipment. The increasing demand for these cylinders is driven by the growth of construction activities, the development of storage and material handling infrastructure, and the modernization of agriculture equipment.

Agriculture Industry to Experience Highest Growth

The agriculture industry is expected to grow at the highest CAGR during the forecast period. The increasing use of machines for performing complex tasks in agriculture, such as planting vegetables and plowing fields, has fueled the demand for hydraulic cylinders. The globally increasing population and deteriorating environmental conditions have put pressure on the agriculture industry to meet the food demand, leading to increased investments in machines for precision agriculture.

APAC to Witness Highest Growth

The hydraulic cylinder market in APAC held the largest share and is expected to grow at the highest CAGR from 2022 to 2027. The growing demand for agricultural, construction, and mining equipment in this region is supporting the growth of the market. The growing demand for food from the growing population in this region and the increasing industrialization in emerging countries are fueling the growth of the agriculture and construction industries in the region.