NEW YORK, Nov. 20, 2017 /PRNewswire/ --
Read the full report: https://www.reportlinker.com/p05208348
The hydraulic cylinder market is expected to be valued at
USD 13.64 billion in 2017 and is
projected to reach USD 19.30 billion
by 2023, at a CAGR of 5.95% between 2017 and 2023. The key factor
driving the growth of the hydraulic cylinder market is their rising
demand in the construction industry and mining process equipment.
Increasing demand for lifting equipment in the shipping industry
and for material handling equipment in the aerospace & defense
industry is the key opportunity for the players in the hydraulic
cylinder market.
"Market for double-acting hydraulic cylinders to grow at highest
CAGR during forecast period"
Based on function, the market for double-acting hydraulic cylinders
is projected to grow at the highest CAGR between 2017 and 2023. In
double-acting cylinders, there are 2 ports for the input and output
of the hydraulic fluid. The pressure from the fluid can be used in
both directions to expand and retract the piston. It can be used
vertically as well as horizontally as it has the mechanism to help
the piston expand and retract each time it pushes or needs to pull
an object.
"Market for <50 mm hydraulic cylinders to grow at highest
CAGR during forecast period">
Based on bore size, the market for
<50 mm hydraulic cylinders is projected to grow at the highest
CAGR between 2017 and 2023. Cylinders with bore size ><50 mm
are used to perform operations with lower capacity lifting and
other push–pull operations in lightweight equipment. Due to the
small bore size, these hydraulic cylinders are used in light-duty
tasks with a maximum operating pressure of 35–200 bar. The
applications of hydraulic cylinders with less than or up to 50 mm
bore size are limited to plastic punching machines and lightweight
load moving.>"Hydraulic cylinder market for aerospace &
defense industry to grow at highest CAGR during forecast
period"
The hydraulic cylinder market for the aerospace & defense
industry is expected to grow at the highest CAGR between 2017 and
2023. The aerospace industry seeks to enhance manufacturing through
automated, efficient, and effective processes. In this industry,
hydraulic cylinders are used in various types of equipment, such as
ground handling equipment, baggage handling equipment, engines,
ramps, door actuators, brakes and wheels, flight controls, fuel
systems, and specialty aircraft repair equipment. Hydraulic
cylinders are also a major component of aircraft landing gears.
Landing gears are hydraulically operated, and hydraulic cylinders
play a critical role in systems and control surfaces such as flaps,
speed brakes, and ailerons.
The breakup of the profiles of primary participants has been given
below.
• By Company Type: Tier 1—65%, Tier 2—30%, and Tier 3—5%
• By Designation: C Level—55%, D Level—20%, and Others—25%
• By Region: North America—45%, Europe—20%, APAC—30%, and
RoW—5%
Key players operating in the hydraulic cylinder market include
Caterpillar (US), Parker Hannifin
(US), Actuant (US), Eaton (Ireland),
Jiangsu Hengli Hydraulic (China),
Robert Bosch (Germany), and Wipro (India).
Research Coverage:
This research report segments the hydraulic cylinder market on the
basis of function, specification, application, bore size, industry,
and geography. Based on function, the market has been segmented
into single acting and double acting. On the basis of
specification, the market has been classified into tie rod, welded,
telescopic, and mill type. Based on application, the market has
been segmented into industrial equipment and mobile equipment.
Based on bore size, the market has been segmented into <50 mm,
50–150 mm, and >150 mm. Based on industry, the market has been
classified into construction, aerospace & defense, material
handling, agriculture, mining, automotive, marine, oil & gas,
and others. Based on region, the market has been classified into
North America, South America, Europe, APAC, and RoW.
Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market
based on function, specification, application, bore size, industry,
and geography have been conducted to offer an overall view of the
hydraulic cylinder market.
The value chain analysis has been performed to provide an in-depth
insight into the hydraulic cylinder market.
The report provides a detailed overview of major drivers,
restraints, opportunities, and challenges influencing the growth of
the hydraulic cylinder market.
The report also includes competitive landscape, along with in-depth
analysis and revenues of key players.
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