Hydraulic Cylinder Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Hydraulic Cylinder Market is projected to expand from USD 17.95 Billion in 2025 to USD 23.35 Billion by 2031, achieving a CAGR of 4.48%. As essential mechanical actuators that convert pressurized fluid energy into linear motion and unidirectional force, these components are critical for heavy machinery operations. The market is primarily underpinned by sustained growth in the construction and infrastructure sectors, which necessitate durable equipment for structural development and earthmoving tasks. Additionally, the drive toward agricultural mechanization to boost food production, combined with consistent demand from material handling and mining industries, serves as a core propellant for the adoption of these robust systems.

Highlighting the sector's magnitude within the engineering field, the National Fluid Power Association valued the global fluid power market at roughly $51.9 billion in 2024. Despite this significant valuation, the hydraulic cylinder industry confronts major obstacles related to raw material price volatility, specifically concerning sealing materials and steel. These fluctuating costs, frequently worsened by supply chain disruptions, create margin pressure and pricing instability for manufacturers, thereby hindering steady market growth and complicating the execution of long-term procurement strategies.

Market Drivers

The rapid growth of global infrastructure and construction projects serves as a leading driver for the hydraulic cylinder market. As urbanization intensifies and governments allocate funds for modernizing utilities and transport networks, there is a surging requirement for heavy machinery such as mobile cranes, backhoes, and excavators. These assets depend heavily on high-pressure hydraulic cylinders to generate the linear force necessary for structural lifting and earthmoving operations. Emphasizing the magnitude of this demand, Caterpillar Inc. reported in its 'Fourth-Quarter and Full-Year 2024 Results' in January 2025 that its Construction Industries segment achieved total sales of $25.5 billion in 2024.

Simultaneously, increased activity in mineral exploration and mining significantly boosts market development. The growing global need for copper, lithium, and rare earth metals to support energy transition technologies requires durable extraction equipment designed for harsh environments. In this sector, hydraulic cylinders are vital for operating the heavy-duty steering mechanisms, buckets, and booms of haul trucks and mining loaders. According to Komatsu Ltd.'s April 2025 report regarding the fiscal year ended March 31, 2025, sales in their Construction, Mining, and Utility Equipment business hit JPY 3.79 trillion, with noted growth in mining equipment. Furthermore, Danfoss reported full-year sales of EUR 9.7 billion in 2025 for the year 2024, highlighting the substantial economic value of the supply chain underpinning these heavy industries.

Market Challenges

The hydraulic cylinder industry faces significant hurdles due to the volatility of raw material prices, particularly steel. Since these actuators are primarily constructed from high-grade metals, fluctuating input costs directly interfere with production stability and financial planning. Manufacturers often encounter unexpected spikes in material expenses, which erode profit margins and make it difficult to establish competitive, long-term pricing for clients in infrastructure and heavy machinery. This uncertainty compels companies to either absorb the extra costs or pass them on to customers, frequently resulting in reduced procurement orders from price-sensitive buyers and project delays.

Data from the Associated General Contractors of America indicates that in 2025, the producer price index for steel mill products rose by 13.1% over the preceding twelve months. This sharp increase in the cost of essential materials creates a challenging landscape for hydraulic cylinder manufacturers, as the inability to forecast expenditures restricts their ability to invest in facility upgrades or expand operations. Consequently, the ongoing instability of input prices serves as a direct constraint on the market's overall growth by dampening demand and stalling critical supply chain activities.

Market Trends

The integration of IoT connectivity with smart hydraulic cylinders is fundamentally transforming the market by embedding control modules and sensors directly into the actuators. This technological convergence enables the continuous transmission of operational data, allowing operators to track cylinder temperature, pressure, and position in real time. By supporting predictive maintenance, these intelligent systems significantly optimize the lifecycle of critical infrastructure assets and minimize unplanned downtime. The commercial success of these digital innovations is reflected in the financial results of major manufacturers; for instance, Bosch Rexroth reported sales of approximately 6.5 billion euros in April 2025 for the 2024 fiscal year, attributed to a strategic focus on connected hydraulic solutions and factory automation despite economic challenges.

Concurrently, the adoption of Electro-Hydraulic Hybrid Actuation Systems marks a shift toward precise load management and energy efficiency. These hybrid designs replace continuously running centralized pumps with variable-speed electric motors that drive localized hydraulic circuits only when force is needed. This "power-on-demand" strategy reduces fuel consumption and emissions in heavy mobile machinery while also decreasing the volume of hydraulic fluid required, thereby mitigating environmental risks. The industry's dedication to this technology is evidenced by significant research investments; Danfoss noted in its February 2025 'Annual Report 2024' an investment of EUR 488 million in innovation, representing 5.0% of total sales, to speed up the development of core hydraulics and electrification solutions.

Key Players Profiled in the Hydraulic Cylinder Market

• Parker Hannifin Corporation
• Bosch Rexroth AG
• Caterpillar Inc.
• Eaton Corporation
• HYDAC International GmbH
• KYB Corporation
• SMC Corporation
• The Jiangsu Hengli Hydraulic Co., Ltd.
• Wipro Enterprises Limited
• Liebherr Group

Report Scope

In this report, the Global Hydraulic Cylinder Market has been segmented into the following categories:

Hydraulic Cylinder Market, by Function:

• Single Acting Hydraulic Cylinder
• Double Acting Hydraulic Cylinder

Hydraulic Cylinder Market, by Product Type:

• Welded Cylinder
• Tie Rod Cylinder
• Others

Hydraulic Cylinder Market, by Application:

• Industrial Equipment & Mobile Equipment

Hydraulic Cylinder Market, by End-Use Industry:

• Construction
• Agriculture
• Aerospace & Defence
• Forestry
• Marine
• Others

Hydraulic Cylinder Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Hydraulic Cylinder Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

This product will be delivered within 1-3 business days.