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Hydraulic Cylinder Market Trends and Drivers:
The global hydraulic cylinder market is primarily driven by the significant growth in the construction and mining sectors. Along with this, the rising use of hydraulic cylinders in heavy machinery used in the construction industry, including backhoes, trenchers, concrete cutting saws, asphalt laying machines, and motor graders, is positively influencing the market growth. Moreover, rapid industrialization and ongoing infrastructural developments across the globe, especially in emerging economies, have augmented the demand for hydraulic cylinders. Besides this, the increasing adoption of hydraulic cylinders in the aerospace industry for the efficient operation of heads, seals, brakes, and landing gear and in the defense sector as an essential element in various military equipment, such as telehandlers, bomb loaders, thrust reversers, automated pallets, and personnel door systems, is propelling the market growth. Additionally, the rising farm mechanization in the agricultural sector is another major growth-inducing factor. Apart from this, the replacement of manually operated equipment with hydraulic devices that ease complex tasks, reduce reliance on manual labor and enhance crop yield due to the escalating demand for automation has catalyzed market growth. Furthermore, several favorable initiatives taken by governments of numerous countries to promote infrastructural development and automation across different industries are contributing to market growth. Other factors, including the rapid expansion in the aerospace and defense sectors, escalating demand for hydraulic cylinders for material handling equipment, surging concerns to reduce labor costs, and product innovations, are also anticipated to drive the market further.
Report Segmentation:
The report has segmented the market into the following categories
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 Region:
- 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
Competitive Landscape:
- Bosch Rexroth AG
- Caterpillar Inc.
- Eaton Corporation
- Enerpac Tool Group (Formerly Actuant Corporation)
- Hannon Hydraulics
- HYDAC INTERNATIONAL GmbH
- JARP Industries
- Kappa Engineering
- KYB Corporation
- Parker-Hannifin Corporation
- SMC Corporation
- Texas Hydraulics Inc.
- United Hydraulics
- Wipro Enterprises
Recent Developments:
- In August 2023, Federated Hermes Inc. acquired a new stake in Enerpac Tool Group Corp., with an estimated value of approximately US$ 1,782,000.
- In August 2023, Eaton announced a contract valued at approximately US$ 6 Million to provide the city of Texas, with turnkey electrical engineering services, power distribution, and control and protection equipment to help establish its new South Lake Water Treatment Plant.
- In June 2023, Bosch Rexroth opened a 13.2 Million EUR factory in Slovenia's Brnik.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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