Global Market Study on Hydraulic Cylinders: North America to Remain Most Remunerative Market for Hydraulic Cylinders during 2017 - 2026


Hydraulic Cylinder Market
  • Published On : Dec-2017 |
  • Pages : 170 Pages |
  • Format :

Persistence Market Research (PMR) has recently formulated a report, titled “Hydraulic Cylinders Market: Global Industry Analysis (2012-2016) and Forecast (2017-2026)”. The report submits forecasts on global hydraulic cylinders market, along with detailed market study and dynamics that are likely to leave significant footprints on the market expansion. In addition to the provision of latest trends, curbing factors, and augmenting factors influencing the market expansion, evaluation on imperative data around different market parameters has been rendered by the report.

Report Structure

The report begins with a chapter on executive summary, which delivers an abstract of the global hydraulic cylinders market. This chapter includes critical market numbers such as forecast (2017-2026) CAGR as well as historical (2012-2016) CAGR. The market numbers offered in this chapter are dedicated to the market segments, product and regional segments in particular. Apropos to sales growth and revenues reaped from worldwide sales of hydraulic cylinders, intelligence regarding lucrative regions for the hydraulic cylinders market’s expansion is engulfed in this report.

A chapter titled “overview” trails behind executive summary in the report, incorporating a definition of “hydraulic cylinders”, which proceeds a succinct market introduction. The overview demonstrably portrays the global hydraulic cylinders market’s broad scope. Chapters succeeding the overview explicate important dynamics affecting growth of the hydraulic cylinders market across the globe, and inundate imperative points that include bottom line of enterprises, the global economy and the fiscal stimulus. Coupled of chapters in the report deliver information concerning pricing analysis and cost structure of the global hydraulic cylinders market.

Market Taxonomy

Advancing further, the report submits forecasts on the global hydraulic cylinders market based on a segmentation-wise analysis. Categorizing global market for hydraulic cylinders into five key segments viz. design type, application, bore size, function, and region, the report presents its readers with relevant market numbers in terms of year-on-year growth comparison, and revenue comparison, along with the market share comparison. The global market for hydraulic cylinders is geographically branched into Asia-Pacific excluding Japan (APEJ), Europe, Middle East & Africa (MEA), Latin America, Japan, and North America.

Region

Design Type

Bore Size

Function

Application

  • North America
  • Tie-rod Cylinders
  • Less Than 25
  • Single Acting Cylinders
  • Industrial Equipment
  • Latin America
  • Welded Cylinders
  • 26 - 50
  • Double Acting Cylinders
  • Aerospace & Defense
  • Europe
  • 51 - 100
  • Mining
  • Japan
  • 101 - 150
  • Oil & Gas
  • APEJ
  • 150 Above
  • Material Handling
  • MEA
  • Construction
  • Agricultural & Forestry
  • Automotive

 Competition Landscape

A meticulous research has been provided on the global hydraulic cylinders market in this report’s concluding chapter, which incorporates data pertaining to proactive industries contributing considerably to growth of the market. An intensity map included in the report tracks the occupancy of key market participants. In addition to emphasizing on profiling key market participants rigorously, the competition landscape chapter provides insights in terms of SWOT analysis that explicates strengths, weaknesses, opportunities, & threats regarding that particular market player. Furthermore, information about company overview, key financials, key developments, and product overview of these market players has been included in this chapter.

Research Methodology

A robust research methodology, which is proven and tested, has been employed by our analysts at PMR while compiling the report on the global hydraulic cylinders market. This research methodology aided the analysts in delivering accurate insights apropos to the global hydraulic cylinders market. The research methodology employed completely depends upon primary and secondary researches, to glean all necessary knowledge appertaining to the global hydraulic cylinders market. Information gathered has then been validated a couple of times by PMR’s analysts, with an aim to ensure the authenticity of this report, and for making it an authoritative reference source for clients purchasing it.

A hydraulic cylinder, referred to as a mechanical actuator, is a linear hydraulic rotor that provides a unidirectional force through a unidirectional stroke. Hydraulic cylinders convert hydrostatic force into mechanical energy for producing work. Key application sectors that hydraulic cylinders seek tremendous use include agriculture & forestry, construction, mining, and aerospace & defense.

Growth in Construction Sector to Propel Demand for Hydraulic Cylinders

Several governments across the globe are increasing their focus on their nation’s infrastructure development, which in turn has driven the growth of the construction industry that involves use of vehicles such as drilling rigs, backhoe loaders, excavators, and compactors. These vehicles require hydraulic cylinders to perform heavy duty tasks. In addition, growth of the construction sector entails huge adoption of material handling equipment where automation plays a pivotal role in enhancing productivity and efficiency, thereby resulting into demand for hydraulic cylinders.

hydraulic cylinders market

A major currently being witnessed in the global hydraulic cylinders market is the surge in adoption of electro-hydraulic cylinders. Along with offerings such as enhanced accuracy, improved ease of control & use, and better functionality, electro-hydraulic cylinders eliminate the requirement for individual hydraulic pumps and tubing for performing different tasks. Estimated surge in adherence toward digitalization and automation in the upcoming years is likely to augment demand for electro-hydraulic cylinders as they facilitate communication between machines.

Persistence Market Research has recently compiled an insightful report on the global hydraulic cylinders market, which offers projections on growth of the market during the forecast period – 2017 to 2026. Global hydraulic cylinders market will register a steady CAGR to exceed US$ 16,000 Mn in revenues by 2026-end.

North America to Remain Most Remunerative Market for Hydraulic Cylinders

There has been a rise in demand for metals in North America for industrial purposes, which in turn has propelled the expansion of the mining industry in the region. Hydraulic cylinders find significant application in the process of mining. North America is expected to remain the most remunerative market for hydraulic cylinders, with revenues estimated to exceed US$ 5,500 Mn by 2026-end. The market for hydraulic cylinders in Asia-Pacific excluding Japan (APEJ) is projected to register the fastest expansion through 2026. This can highly be attributed to increased adoption of mechanized processes in the region’s agriculture sector.

Exponential expansion of the global population has led to a surge in demand for food, pressuring the agriculture sector to increase production volumes. In order to sustain food requirements for such large population, the agriculture industry will require sophisticated equipment for carrying out processes effectively. This rise in mechanization in the agriculture sector will propel demand for hydraulic cylinder-based equipment. PMR’s report has anticipated agriculture & forestry to remain the most lucrative application of hydraulic cylinders. Sales of hydraulic cylinders in oil & gas sector will however register a relatively faster expansion through 2026. In addition, revenues from hydraulic cylinder sales for industrial equipment and material handling applications will increase at a similar CAGR through 2026.

Key Research Findings from PMR’s Report on Hydraulic Cylinders Market

  • Double acting cylinders among function segments will account for the largest revenue share of the market throughout the forecast period
  • Hydraulic cylinders with bore size of 26-50 will witness the fastest sales expansion through 2026
  • Welded cylinders among design type will remain preferred by end-users across the globe

Competition Landscape

The global hydraulic cylinders market is currently dominated by international vendors, competing at marginal levels among themselves. Although local vendors tend to pose a firm competition to these international players on the basis of aftersales services, delivery period, efficiency, and reliability, they find it challenging to cope up with them on the back of technological gaps in end products.

International players are currently focusing on acquisition of regional and local vendors, in a bid to expand their market presence, thereby leading toward the market consolidation. Key players profiled by PMR’s report include Bosch Rexroth, Eaton, Parker Hannifin, ZF Friedrichshafen AG, Sumitomo Corporation, Aisin Seiki, SKF AB, ABB, Emerson, and Mitsubishi Electric Corporation.

Company Profiles

  • Bosch Rexroth
  • Eaton
  • Parker Hannifin
  • ZF Friedrichshafen AG
  • Sumitomo Corporation
  • Aisin Seiki
  • SKF AB
  • ABB
  • Emerson
  • Mitsubishi Electric Corporation
  • Others.
Back To Top