Global Market Study on Hydraulic Cylinders: Growing Industrialization and Infrastructural Development Across the Globe Expected to Boost Demand in the Coming Years


Hydraulic Cylinder  Market
  • Published On : Jul-2018 |
  • Pages : 280 Pages |
  • Format :

Persistence Market Research (PMR) analyses the global Hydraulic Cylinders market in its new publication titled “Hydraulic Cylinders Market: Global Industry Analysis (2013 – 2017) & Forecast (2018 – 2026)”. This study provides data for 2017 along with the forecast for the period (2018–2026). The main objective of the report is to identify the dynamics of the market and provide recent updates and insights pertaining to various segments of the global Hydraulic Cylinders market. To provide a better understanding of the market, the report also includes analysis of drivers, restraints and trends that influence the current market scenario and are expected to impact the global hydraulic cylinders market over the forecast period. The study provides data for 2017 along with a comprehensive market forecast for the period 2018–2026.

Market Segmentation

Bore size

Product Type

Operating Principle

Application

Region

  • <50 mm
  • 51 - 100 mm
  • 101 - 150 mm
  • 151 - 300 mm
  • Above 300 mm
  • Tie-Rod Cylinders
  • Threaded Cylinders
  • Welded Cylinders
  • Bolted/ Mill Type Cylinders
  • Telescopic Cylinders
  • Other Cylinders
  • Single Acting
  • Double Acting
  • Multi-Stage/ Tandem
  • Industrial Equipment
    • Lifts & Aerial Work Platform
    • Rams & Presses
    • Loading Docks
    • Injection Moulding Machines
    • Oil & Gas and Offshore Applications
    • Others
  • Mobile Equipment
    • Agricultural & Forestry Vehicles
    • Construction Equipment
    • Mining & Material Handling Equipment
    • Others

North America

Latin America

Europe

SEA & Other Pacific

MEA

China

Japan


Report Description

To understand and assess market opportunities and trends, the global hydraulic cylinders market report is categorically split into different sections based on bore size, product type, operating principle, application and regions. The report starts with the global macro-economic environment that covers the factors that influence market growth. Next, the report gives a market overview and provides market definitions & taxonomy, along with drivers, restraints & trends in the market. The sections that follow include the global hydraulic cylinders market analysis – by grade, production method, end-use industry and regional/country-level analysis. All the above sections evaluate the market on the basis of various factors that affect it. Each section discusses the qualitative and quantitative aspects of the global hydraulic cylinders market. To provide a brief idea about the revenue opportunities from the bore size, product type, operating principle, application and regions/country-wise segments, the report also provides market value (US$ Mn) data, absolute $ opportunity and total incremental opportunity for each segment over the forecast period (2018-2026).

In the subsequent section, market analysis on a regional basis has been provided and a detailed analysis of macro-economic factors at the regional level has been covered. Furthermore, the growth of various factors is mapped against the growth of the market.

In the final section of the report, we have provided a detailed competitive landscape with market share and performance of companies to provide a dashboard view of key players operating in the global hydraulic cylinders market, along with their business strategies. This will enable clients to assess strategies deployed by market leaders and help them develop effective business strategies accordingly.

Research Methodology

For market data analysis, we have considered 2017 as the base year, market numbers are estimated for 2018 and forecast is made for 2018–2026. The report considers the market size of the hydraulic cylinders market at a global level and splits & evaluates the market at a regional level. The estimation made is then further triangulated. The forecast assesses the total revenue (US$ Mn) of the global hydraulic cylinders market. In order to provide an accurate forecast, we began by sizing up the historical market size, i.e. 2013–2016, after which we evaluated the current market, which forms the basis of how the global hydraulic cylinders market is expected to develop in the future. The critical market data, including the base number & segment splits, has been devised through in-depth secondary research. This data was then triangulated on the basis of different verticals, considering the supply side as well as the demand side drivers and other dynamics of the various regional markets, along with primary interviews of hydraulic cylinders manufacturers, distributors & suppliers and industry experts operating in the global hydraulic cylinders market. The forecast presented in the report evaluates the actual market size (US$ Mn) in 2017 with regards to hydraulic cylinders and the expected market value of the global hydraulic cylinders market over the forecast period.

We have also analysed the different segments of the global hydraulic cylinders market in terms of Basis Point Share (BPS) to understand the relative contribution of individual segments to market growth. This detailed information is important for identifying the various key trends governing the global Hydraulic Cylinders market. The report also analyses the global hydraulic cylinders market based on the absolute dollar opportunity. This is usually overlooked while estimating the market forecast. However, from a business development perspective, it is essential to identify absolute dollar opportunity to identify potential resources in the hydraulic cylinders market.  Moreover, PMR has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global hydraulic cylinders market. This market attractiveness index is expected to help clients identify real market opportunities in the global hydraulic cylinders market.

A hydraulic cylinder is an actuation device that converts hydrostatic energy into mechanical energy and produces a unidirectional force. Hydraulic cylinders differ from hydraulic motors as hydraulic cylinders perform linear or transitory motion and hydraulic motors perform rotational motion. The global hydraulic cylinders market is expected to register a CAGR of 4.3% over the forecast period (2018 – 2026) in terms of value. The hydraulic cylinders market is expected to be valued at 28,611 ‘000 units in 2018 and it is expected to grow at a CAGR of 3.9% to reach 39,005 ‘000 units by the end of 2026.

Factors Impacting Global Hydraulic Cylinders Market Growth

Many countries across the globe still do not have basic infrastructure such as roads for transportation, information and communication and electric power. In light of this, many governments are making significant investments towards infrastructural developments and improvements. This increase in infrastructural development in the global infrastructural industry is encouraging various businesses to come up with solutions to enhance systems with advanced equipment and machinery to improve infrastructure across the world. Apart from infrastructure, the increasing global population is also surging construction activities in many countries across the world. Growth in the global construction sector and infrastructural development are together expected to create huge demand for modern equipment and machinery in the coming years. Increasing use of hydraulic cylinders in engineering equipment used in construction and infrastructural industries is expected to trigger the growth of the global hydraulic cylinders market in the future.

Hydraulic cylinders are globally quite popular among customers due to their extensive range of applications in various types of industries; however, many customers still choose pneumatic cylinders over hydraulic cylinders, which can pose a challenge to the growth of the global hydraulic cylinders market. Pneumatic cylinders have a simplistic design and are more accurate while generating a precise linear motion. The availability of pneumatic cylinders in smaller sizes and their rapid movement with higher operation speed have turned many customers in their favour. By enabling integration with electronic monitoring systems, pneumatic cylinders offer versatile advancements in their operation in the field of miniaturization at comparatively lower prices. Attributing to these advantages of pneumatic cylinders over hydraulic cylinders, majority of customers are making purchase decisions in favour of pneumatic cylinders, which might pose danger to the growth of the global hydraulic cylinders market.

Global Hydraulic Cylinders Market Segmentation and Forecast

The global hydraulic cylinders market can be segmented on the basis of bore size, product type, operating principle, application and region. On the basis of bore size, the global hydraulic cylinders market can be segmented into <50 mm, 51-100 mm, 101-151 mm, 151-300 mm and above 300 mm. On the basis of product type, the hydraulic cylinders market can be segmented into tie-rod cylinders, threaded cylinders, welded cylinders, bolted/ mill type cylinders, telescopic cylinders and other cylinders. On the basis of operating principle, the global hydraulic cylinders market can be segmented into single acting, double acting and multi-stage/ tandem. On the basis of application, the global hydraulic cylinders market can be segmented into industrial equipment and mobile equipment. Key regions covered in the report include North America, Latin America, Europe, Southeast Asia & other Asia Pacific, Middle East and Africa (MEA), China and Japan.

Hydraulic Cylinders Market

Global Hydraulic Cylinders Market Analysis by Region

From a regional perspective, the hydraulic cylinders market in North America is anticipated to dominate the market in terms of volume and value. This can mainly be attributed to the presence of many manufacturers in the region who focus on product innovation. The region, therefore, is expected to grow with an impressive CAGR between 2018 & 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 the countries of Asia Pacific, mainly India and China, are expected to create healthy demand for hydraulic cylinders from the region.

 

Companies Profile
 
  • Bosch Rexroth AG
  • Actuant Corporation
  • Eaton Corporation Plc
  • Parker Hannifin Corporation
  • Caterpillar Inc.
  • Jiangsu Hengli Hydraulic Co., Ltd.
  • HYDAC
  • Wipro Enterprises Limited
  • SMC Corporation
  • WEBER-HYDRAULIK GmbH
  • Pacoma GmbH
  • Texas Hydraulics
  • Jarp Industries
  • Liebherr Group
  • Best Metal Products
  • Others.
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