The hydraulic cylinders market was valued at $14.07 billion in 2020 and is estimated to reach $21.24 billion by 2030, exhibiting a CAGR of 4% from 2021 to 2030.
Hydraulic cylinders are essential mechanical tools that transform hydraulic energy into linear mechanical force and movement. They are vital in a wide range of industrial uses that involve heavy lifting, pushing, pulling, or holding tasks. The fundamental concept behind hydraulic cylinders involves the utilization of pressurized hydraulic fluid to produce force, usually through a piston housed within a cylindrical structure.
A hydraulic cylinder consists of various key parts such as a cylinder barrel, piston, piston rod, seals, and hydraulic fluid. The cylinder barrel acts as the primary structure containing the hydraulic fluid, with the piston separating the cylinder into the rod side and cap side chambers. The piston rod extends from the piston to transmit the force to the external load or machinery. Seals play a crucial role in preserving the hydraulic fluid's integrity inside the cylinder and avoiding any leaks.
Hydraulic cylinders function according to Pascal's principle, which asserts that when pressure is exerted on a confined fluid, it applies equal pressure in all directions. In a hydraulic cylinder, hydraulic fluid is pumped into one side of the cylinder, prompting the piston to move in the intended direction. The force produced by the hydraulic fluid acting on the piston is transferred through the piston rod to the external load, allowing for linear motion.
By function, the hydraulic cylinders market is classified into single acting hydraulic cylinders, and double acting hydraulic cylinders. Double-acting hydraulic cylinders utilize hydraulic fluid to generate force in two directions, facilitating the extension and retraction of the piston. In contrast to single-acting cylinders that necessitate an external force or spring for retraction, double-acting cylinders feature ports at both ends for fluid intake and discharge. This configuration enables accurate control and uniform power in both directions, rendering them well-suited for tasks demanding both pushing and pulling actions, like those found in industrial machinery, construction equipment, and material handling systems. Their adaptability and effectiveness elevate performance in a range of demanding and dynamic operations.
By design, the market is categorized into tie-rod hydraulic cylinders and welded hydraulic cylinders. Welded hydraulic cylinders are a type of hydraulic cylinder where the end caps are welded directly to the cylinder barrel, creating a more compact and robust design compared to tie-rod cylinders. Tie-rod hydraulic cylinders utilize high-strength steel rods to connect cylinder components, ensuring structural integrity and strength. These cylinders, commonly found in industrial settings, are known for their cost-effectiveness, ease of maintenance, and versatility. With different sizes and configurations available, tie-rod cylinders are suitable for a wide range of tasks, from basic lifting and pushing to intricate machinery operations in manufacturing and automation systems.
By Bore Size, the market is categorized into less than 50mm hydraulic cylinders, 51mm to 100mm hydraulic cylinders, 101mm to 150 mm hydraulic cylinders, and greater than 151mm hydraulic cylinders. Hydraulic cylinders are crucial elements in a wide range of industrial uses, offering flexible and robust solutions for medium-duty tasks. They are commonly found in construction machinery, agricultural equipment, material handling systems, and manufacturing processes. Their size range strikes a good balance between force output and compactness, making them ideal for applications that call for moderate force and precision. The demand for hydraulic cylinders with bore sizes ranging from 51mm to 100mm is fueled by their adaptability, reliability, and efficiency in various operational settings, playing a significant role in the growth and technological progress of the hydraulic cylinders market.
The hydraulic cylinders market is segmented into function, design, bore size, and region. On the basis of function, the market is classified into single acting cylinders, and double acting cylinders. In 2020, the double acting cylinders segment dominated the market, and single acting cylinders segment is expected to acquire a major market share by 2030. On the basis of design, the market is categorized into tie-rod cylinders, and welded cylinders. The welded cylinders segment acquired the largest share in 2020 and tie-rod cylinders segment is expected to grow at a significant CAGR from 2021 to 2030. On the basis of bore size, the market is segregated into less than 50mm, 51mm to 100mm, 101mm to 150mm, and greater than 151mm. In 2020, the 51mm to 100mm segment dominated the market, and 101mm to 150mm is expected to acquire a major market share by 2030. On the basis of region, the hydraulic cylinders market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Hydraulic cylinders are essential mechanical tools that transform hydraulic energy into linear mechanical force and movement. They are vital in a wide range of industrial uses that involve heavy lifting, pushing, pulling, or holding tasks. The fundamental concept behind hydraulic cylinders involves the utilization of pressurized hydraulic fluid to produce force, usually through a piston housed within a cylindrical structure.
A hydraulic cylinder consists of various key parts such as a cylinder barrel, piston, piston rod, seals, and hydraulic fluid. The cylinder barrel acts as the primary structure containing the hydraulic fluid, with the piston separating the cylinder into the rod side and cap side chambers. The piston rod extends from the piston to transmit the force to the external load or machinery. Seals play a crucial role in preserving the hydraulic fluid's integrity inside the cylinder and avoiding any leaks.
Hydraulic cylinders function according to Pascal's principle, which asserts that when pressure is exerted on a confined fluid, it applies equal pressure in all directions. In a hydraulic cylinder, hydraulic fluid is pumped into one side of the cylinder, prompting the piston to move in the intended direction. The force produced by the hydraulic fluid acting on the piston is transferred through the piston rod to the external load, allowing for linear motion.
By function, the hydraulic cylinders market is classified into single acting hydraulic cylinders, and double acting hydraulic cylinders. Double-acting hydraulic cylinders utilize hydraulic fluid to generate force in two directions, facilitating the extension and retraction of the piston. In contrast to single-acting cylinders that necessitate an external force or spring for retraction, double-acting cylinders feature ports at both ends for fluid intake and discharge. This configuration enables accurate control and uniform power in both directions, rendering them well-suited for tasks demanding both pushing and pulling actions, like those found in industrial machinery, construction equipment, and material handling systems. Their adaptability and effectiveness elevate performance in a range of demanding and dynamic operations.
By design, the market is categorized into tie-rod hydraulic cylinders and welded hydraulic cylinders. Welded hydraulic cylinders are a type of hydraulic cylinder where the end caps are welded directly to the cylinder barrel, creating a more compact and robust design compared to tie-rod cylinders. Tie-rod hydraulic cylinders utilize high-strength steel rods to connect cylinder components, ensuring structural integrity and strength. These cylinders, commonly found in industrial settings, are known for their cost-effectiveness, ease of maintenance, and versatility. With different sizes and configurations available, tie-rod cylinders are suitable for a wide range of tasks, from basic lifting and pushing to intricate machinery operations in manufacturing and automation systems.
By Bore Size, the market is categorized into less than 50mm hydraulic cylinders, 51mm to 100mm hydraulic cylinders, 101mm to 150 mm hydraulic cylinders, and greater than 151mm hydraulic cylinders. Hydraulic cylinders are crucial elements in a wide range of industrial uses, offering flexible and robust solutions for medium-duty tasks. They are commonly found in construction machinery, agricultural equipment, material handling systems, and manufacturing processes. Their size range strikes a good balance between force output and compactness, making them ideal for applications that call for moderate force and precision. The demand for hydraulic cylinders with bore sizes ranging from 51mm to 100mm is fueled by their adaptability, reliability, and efficiency in various operational settings, playing a significant role in the growth and technological progress of the hydraulic cylinders market.
The hydraulic cylinders market is segmented into function, design, bore size, and region. On the basis of function, the market is classified into single acting cylinders, and double acting cylinders. In 2020, the double acting cylinders segment dominated the market, and single acting cylinders segment is expected to acquire a major market share by 2030. On the basis of design, the market is categorized into tie-rod cylinders, and welded cylinders. The welded cylinders segment acquired the largest share in 2020 and tie-rod cylinders segment is expected to grow at a significant CAGR from 2021 to 2030. On the basis of bore size, the market is segregated into less than 50mm, 51mm to 100mm, 101mm to 150mm, and greater than 151mm. In 2020, the 51mm to 100mm segment dominated the market, and 101mm to 150mm is expected to acquire a major market share by 2030. On the basis of region, the hydraulic cylinders market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition Analysis
Key companies profiled in the articulated industrial robot market include Actuant Corporation, Caterpillar Inc., Eaton Corporation Plc, JARP Industries Inc., Hengli Hydraulic, Kawasaki Heavy Industries Limited, Parker Hannifin Corporation, Robert Bosch GmbH (Bosch Rexroth AG), Texas Hydraulics Inc., and Wipro Limited.Key Benefits for Stakeholders
- The report provides an extensive analysis of the current and emerging Hydraulic cylinders Market trends and dynamics.
- In-depth Hydraulic cylinders market analysis is conducted by constructing market estimations for key market segments between 2021 and 2030.
- Extensive analysis of the Hydraulic cylinders Market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global Hydraulic cylinders Market forecast analysis from 2021 to 2030 is included in the report.
- The key players within Hydraulic cylinders Market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the Hydraulic cylinders industry.
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Key Market Segments
By Function
- Single Acting Cylinders
- Double Acting Cylinders
By Design
- Tie-rod Cylinders
- Welded Cylinders
By Bore Size
- Greater Than 151mm
- Less Than 50mm
- 51mm to 100mm
- 101mm to 150mm
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Actuant Corporation
- Caterpillar Inc.
- Eaton Corporation plc
- Hengli Hydraulics
- Jarp Industries, Inc.
- Kawasaki Heavy Industries Ltd.
- Parker Hannifin Corporation
- Robert Bosch GmbH
- Texas Hydraulics
- Wipro Limited
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HYDRAULIC CYLINDERS MARKET, BY FUNCTION
CHAPTER 5: HYDRAULIC CYLINDERS MARKET, BY DESIGN
CHAPTER 6: HYDRAULIC CYLINDERS MARKET, BY BORE SIZE
CHAPTER 7: HYDRAULIC CYLINDERS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to a new report titled, “Hydraulic Cylinders Market by Function, Design, and Bore Size: Global Opportunity Analysis and Industry Forecast, 2021–2030.”The global hydraulic cylinders market size was valued at $14.07 billion in 2020 and is projected to reach $21.2 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030.
Hydraulic cylinders are mechanical equipment that offer linear movement for lifting heavy loads or handling bulky materials in industrial and mobile applications. These cylinders are used in construction, load lifting, and equipment handling machinery.
The growth of the global hydraulic cylinders market is driven by rise in the material handling equipment industry. Increase in new technologies, such as SGH wire-actuated encoders, which measure the cylinder stroke in the hydraulic cylinder, boost the demand for hydraulic cylinder globally. Growth in the construction equipment market is anticipated to provide potential opportunities for the key players operating in the market. However, hydraulic cylinders are expensive, and its maintenance & operation costs are very high. This factor restricts of the global hydraulic cylinders market growth. Rise in labor cost in construction and mining activities is expected to offer growth opportunities for the hydraulic cylinder market in the near future.
Several manufacturers in the global hydraulic cylinders stopped their business activities in 2020 due to lockdowns implemented in developed and developing countries, owing to ban on industrial activities due to the COVID-19 pandemic. This halt in production activities impacted the revenue of the hydraulic cylinders manufacturing companies. For instance, net sales of Enerpac Tool Group dropped by 24.2% from January 2020 to December 2020. In addition, lack of man power and raw materials affected the supply chain of the global market. However, the market is projected to cover from the first quarter of 2023, due to reduced restrictions and reopening of the global hydraulic cylinders industry. Moreover, in 2021, with the availability of vaccine against COVID-19, the market re-opened at full pace in a start of 2022.
The hydraulic cylinders market is segmented into function, design, bore size, and region. By function, the market is divided into single-acting hydraulic cylinders and double acting hydraulic cylinders. By design, it is classified into tie-rod cylinders and welded cylinders. By bore size, the market is categorized into less than 50mm, 51mm to 100mm, 101mm to 150mm, and greater than 151mm. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of function, the double acting cylinders segment accounted for $8,920.4 million of the global hydraulic cylinder market in 2020 and is projected to grow at a CAGR of 6.4% during the forecast period. The double acting cylinders are extensively used for lifting loads and handling materials in the construction sector, which boost their demand in the hydraulic cylinders market share.
On the basis of design, the welded cylinders segment is expected to account for the highest market share during the forecast period.
On the basis of bore size, the 51mm to 100mm segment is expected to account for the largest share in the global market during the forecast period owing to increase in use of material handling equipment in Asia-Pacific. This is attributed to the new hydraulic cylinders such as telescopic cylinder and plunger cylinder.
The key players operating in the hydraulic cylinders market include Actuant Corporation, Bosch Rexroth AG, Caterpillar Inc., Eaton Corporation Plc, Jarp Industries, Jiangsu Hengli Hydraulic Co., Ltd., Kawasaki Heavy Industries, Parker Hannifin Corporation, Texas Hydraulics, and Wipro Enterprises Limited., have adopted new product launch as their key strategy to expand their market foothold.
Key Findings Of Study
- The report provides an extensive analysis of the current and emerging global hydraulic cylinders market forecast and dynamics
- By function, the double acting hydraulic cylinders segment dominated the market in terms of revenue in 2020
- By design, the welded cylinders segment registered the highest growth in terms of revenue in the global market in 2020
- By bore size, 51mm to 100mm segment is projected to register the highest growth rate in the coming years
- The report provides an extensive analysis of the hydraulic cylinders market trends and emerging opportunities of the market
Companies Mentioned
- Actuant Corporation
- Caterpillar Inc.
- Eaton Corporation plc
- Hengli Hydraulics
- Jarp Industries, Inc.
- Kawasaki Heavy Industries Ltd.
- Parker Hannifin Corporation
- Robert Bosch GmbH
- Texas Hydraulics
- Wipro Limited
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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