(MENAFN- EIN Presswire)
SHERIDAN, WYOMING, UNITED STATES, October 29, 2021 /EINPresswire.com / -- According to the latest report by IMARC Group, titled "Hydraulic Cylinder Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global hydraulic cylinder market reached a value of US$ 14.1 Billion in 2020. Looking forward, the market is expected to exhibit moderate growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
A hydraulic cylinder refers to a piece of actuation equipment that is utilized in hydraulic power transfer systems to provide a unidirectional force. It comprises an assembly of components, including cylindrical barrels, pistons, piston rods, cylinder caps and heads, seals and rings, to form a continuous hydraulic circuit. Widely used to convert hydrostatic energy into mechanical energy, they are powered by pressurized hydraulic fluid, such as oil, to produce linear motion. Since these devices are easy to use, extremely durable, and offer high power-to-size and power-to-weight ratios, they are extensively utilized across numerous sectors, including marine, construction, automotive , manufacturing, and aerospace.
Request Free Sample Report:
Global Hydraulic Cylinder Market Trends:
The global market is primarily driven by the significant growth across numerous end use sectors. Hydraulic cylinders are widely used as an essential component in heavy machinery, including backhoes, trenchers, concrete cutting saws, asphalt laying machines and motor graders that are employed in the construction sector. In line with this, rapid industrialization and continual infrastructural developments across the globe, especially in the developing economies, are providing a boost to the sales of these cylinders. These devices are also extensively utilized in the aerospace sector for the smooth functioning of brakes and landing gear, and in the defense sector as a crucial component in numerous military equipment, such as telehandlers, bomb loaders, thrust reversers, automated pallets and personnel door systems. Along with this, the increasing farm mechanization in the agricultural sector is expected to provide a thrust to the market growth. The rising need for automation has led to the replacement of manually driven equipment with hydraulic devices that simplify advanced tasks, minimize the dependency on manual labor and improve crop production. The market is further driven by the favorable initiatives undertaken by governments of several nations to promote infrastructural development as well as automation across numerous industries.
Ask Analyst and Browse Full Report with TOC & List of Figure:
List of Key Companies Covered in this Market Report:
Actuant Corporation
Bosch Rexroth AG
Caterpillar Inc.
Eaton Corporation
Hannon Hydraulics
HYDAC
JARP Industries
Kappa Engineering
KYB Corporation
Parker-Hannifin Corporation
SMC Corporation
Texas Hydraulics Inc.
United Hydraulics
Wipro Enterprises
The report has segmented on the basis of function, type, bore size, application, end-use industry and geography.
Breakup by Function:
Single-Acting Hydraulic Cylinders
Double-Acting Hydraulic Cylinders
Breakup by Type:
Tie-Rod Cylinders
Welded Cylinders
Telescopic Cylinders
Mill-Type Cylinders
Breakup by Bore Size:
<50 MM
50–150 MM
>150 MM
Breakup by Application:
Mobile
Industrial
Breakup by End-Use Industry:
Construction
Aerospace & Defense
Material Handling
Agriculture
Automotive
Mining
Oil & Gas
Marine
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Related Report by IMARC Group
Aluminum Composite Panels Market Report 2021-26:
Geomembranes Market Report 2021-26:
Cosmetic Preservatives Market Report 2021-26:
Gold Nanoparticles Market Report 2021-26:
Ceramic Filters Market Report 2021-26:
Antifouling Paints and Coatings Market Report 2021-26:
Polyethylene Terephthalate (PET) Fabric Market Report 2021-26:
Masterbatch Market Report 2021-26:
Plastic Additives Market Report 2021-26:
Polycarbonate Market Report 2021-26:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here
MENAFN29102021003118003196ID1103072505
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.