2 weeks Ago By Globe Newswire
Rockville, MD , Nov. 05, 2024 (GLOBE NEWSWIRE) -- According to a new industry research report published by Fact.MR, a market research and competitive intelligence provider, the global Hydraulic Cylinder Market is analyzed to reach a value of US$ 14.
83 billion in 2024 and thereafter expand at 5.7% CAGR through 2034. The global demand for hydraulic cylinders is rising at a steady pace due to the continuous changes in manufacturing and industrial processes brought about by the advancement in industrial automation.
Businesses seeking to boost productivity, accuracy, and efficiency are increasingly turning to hydraulic cylinders for these reasons. Hydraulic cylinders endure several automated operations, including material handling, assembly, machining, and others, the power and control they need. High precision and dependability are vital in industries including aerospace and automotive, where hydraulic cylinders facilitate the seamless functioning of gear and equipment.
East Asia holds a significant portion of the worldwide market due to its well-established industrial sector and strong demand for construction and agricultural equipment. Apart from this, regional developments in hydraulic technology, especially in automation and smart cylinders, are driving market expansion even more. For More Insights into the Market, Request a Sample of this Report: https://www.
factmr.com/connectus/sample?flag=S&rep_id=10433 Key Takeaways from Market Study: The worldwide market of hydraulic cylinders is forecasted to touch US$ 25.82 billion by 2034.
The East Asia region is estimated to account for 25.9% of the global market share in 2024. North America is analyzed to reach a valuation of US$ 3.
38 billion in 2024. Global sales of welded hydraulic cylinders are evaluated to expand at a CAGR of 5.6% from 2024 to 2034.
Demand for hydraulic cylinders with 51 to 100 mm bore size is projected to reach a worth of US$ 6.27 billion by 2034-end. The market in Japan is projected to expand at a 5.
9% CAGR through 2034. "Leading manufacturers of hydraulic cylinders are focusing on developing advanced equipment that is more powerful, precise, and effective. For real-time monitoring, these cylinders have smart hydraulic systems with sensors and Internet of Things technologies," says a Fact.
MR analyst Leading Players Driving Innovation in the Hydraulic Cylinder Market: KYB Corporation; Enerpac Tool Group; SMC Corporation; HYDAC; Caterpillar; Bosch Rexroth; Jiangsu Hengli Hydraulic Co., Ltd.; Eaton Corporation; Actuant Corporation; Wipro Limited; Texas Hydraulics; Garden Flavours Co.
Pvt. Ltd. High Preference for Welded Hydraulic Cylinders: The strong construction and longevity of welded hydraulic cylinders are driving up their demand more quickly than for other product categories.
For heavy-duty applications such as construction, mining, and agricultural machinery, welded cylinders are a better choice as they are entirely enclosed and survive harsh environments. Due to their compact design, which also makes them easier to incorporate into small spaces, they are ideal for equipment where space is limited. The fact that welded cylinders often have fewer leakage places adds to their dependability and reduces the need for maintenance, which is another reason why they are growing in popularity in industries that require equipment with a reputation for efficiency and durability.
Hydraulic Cylinder Industry News: According to Wipro Hydraulics, the hydraulic cylinder and component manufacturing division of Wipro Infrastructure Engineering, the state-of-the-art facility in Mahindra World City, Jaipur, which is the company's first hydraulics manufacturing facility in Northern India, will be able to produce hydraulic cylinders for customers all over the world in August 2024. Get Customization on this Report for Specific Research Solutions: https://www.factmr.
com/connectus/sample?flag=S&rep_id=10433 More Valuable Insights on Offer: Fact.MR, in its new offering, presents an unbiased analysis of the hydraulic cylinder market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034. The study divulges essential insights into the market based on product type (tie-rod, threaded, welded, bolted/mill, telescopic), bore size (<50 mm, 51 to 100 mm, 101 to 150 mm, 151 to 300 mm, above 300 mm), operating principle (single acting, double acting, multistage/tandem), and application (industrial equipment [lifts & aerial work platforms, rams & presses, loading docks, injection molding machines, oil & gas and offshore applications, others], mobile equipment [agricultural & forestry vehicles, construction equipment, mining & material handling equipment, others]), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
Segmentation of Hydraulic Cylinder Market Research: By Product Type : Tie-Rod Threaded Welded Bolted/Mill Telescopic By Bore Size : <50 mm 51 to 100 mm 101 to 150 mm 151 to 300 mm Above 300 mm By Operating Principle : Single Acting Double Acting Multistage/Tandem By Application : Industrial Equipment Lifts & Aerial Work Platforms Rams & Presses Loading Docks Injection Molding Machines Oil & Gas and Offshore Applications Others Mobile Equipment Agricultural & Forestry Vehicles Construction Equipment Mining & Material Handling Equipment Others Checkout More Related Studies Published by Fact.MR Research: Industrial Air Preheater Market : The global industrial air preheater market is expected to reach a valuation of US$ 9,069.8 million in 2024 and is projected to climb to US$ 16,396.
5 million by 2034, expanding at a CAGR of 6.1% during the forecast period of 2024 to 2034. Gas Cylinder Market : Demand for gas cylinders in the global market is valued at close to US$ 7.
5 Bn at present. The global gas cylinder market is predicted to surge ahead at a CAGR of 8% through 2031, as per the latest industry analysis by Fact.MR.
Micro Gas Cylinder Market : The global micro gas cylinder market registered a CAGR of 3.2% from 2018 to 2022. The market is set to reach a valuation of US$ 876.
4 million in 2023 and expand at a CAGR of 6.2% to end up at US$ 1.6 billion by 2033.
Sales of micro gas cylinders currently account for around 12% share of the global gas cylinder market. Hydraulic Breakers Rental Market : Hydraulic breakers rental services demand is expanding and is poised to grow at a rate of 6.0% during the forecast period and reach a valuation of US$ 698.
2 million in 2033 from US$ 389.9 million in 2023. Hydraulic Filter Market : The global hydraulic filter market is estimated at USD 2,124.
3 Million in 2022 and is forecast to surpass USD 3,251.8 Million by 2032, growing at a CAGR of 4.3% from 2022 to 2032.
About Us: Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes.
Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success.
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