
Global Hydraulic Cylinders Market Trends and Forecast to 2030
Report ID: MS-2487 | Machinery and Equipment | Last updated: Feb, 2025 | Formats*:

Hydraulic Cylinders Report Highlights
Report Metrics | Details |
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Forecast period | 2019-2030 |
Base Year Of Estimation | 2024 |
Growth Rate | CAGR of 5.2% |
Forecast Value (2030) | USD 18.3 Billion |
By Product Type | Tie Rod Cylinder, Welded Cylinder, Others |
Key Market Players |
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By Region |
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Hydraulic Cylinders Market Trends
Current trends are likely to shape and grow decision-making dynamics in the hydraulic cylinder market. There is a rising demand for electric and hybrid hydraulic systems engendered by the need for higher energy efficiency and finer control. IoT connected with Industry 4.0 technologies will enhance real-time monitoring and predictive maintenance. Aerospace and automotive industries use compact and lightweight designs for efficient work requirements. Some other leading trends are intelligent hydraulic cylinders that are self-monitoring, developments in the area of smart sensors for the rise of servo-hydraulic systems for precise control, and energy-recovery systems. Additive manufacturing enables custom design. Also worth noting are predictive maintenance, remote monitoring, and increasing market demand in the emerging sphere, especially in Asia-Pacific and Latin America. Any manufacturer who is going to align with these trends will see hydraulic cylinder growth and stay ahead in the competition.Hydraulic Cylinders Market Leading Players
The key players profiled in the report are Wipro Infrastructure Engineering, SMC Corporation., PARKER HANNIFIN CORP, Precision Hydraulic Cylinders, KYB Americas Corporation, Eaton, WEBER-HYDRAULIK GMBH, Enerpac, Bosch Rexroth AG, Bucher Hydraulics GmbHGrowth Accelerators
Several key factors propel growth in the hydraulic cylinders market. The foremost among them is the continued development of end-use industries like construction, mining, agriculture, and manufacturing, which create demand for hydraulic cylinders on a sustained basis. In hydraulic equipment-orientated operational environments, the expanding nature of these industries enhances the need for hydraulic cylinders. Secondly, modified automation and mechanisation are gradually creating a demand for hydraulic systems, thus creating demand for hydraulic cylinders. Generally, automation requires precise linear motion that is very powerful, which hydraulic cylinders perform well. Apart from these core factors driving market growth, technological advancement is yet another contributor. Advances in material usage, sealing technologies, and configuration design lead to hydraulic cylinders with improved operational efficiency, durability, and reliability. It is such advancements that improve the attractiveness of hydraulic systems for a wider application range to further boost market growth.Hydraulic Cylinders Market Segmentation analysis
The Global Hydraulic Cylinders is segmented by Type, Application, and Region. By Type, the market is divided into Distributed Tie Rod Cylinder, Welded Cylinder, Others . The Application segment categorizes the market based on its usage such as Industrial Equipment, Mobile Equipment. Geographically, the market is assessed across key Regions like North America(United States, Canada, Mexico), South America(Brazil, Argentina, Chile, Rest of South America), Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe), Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific), MEA(Middle East, Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.Competitive Landscape
The hydraulic cylinder market is moderately competitive, encompassing a blend of major multinational companies and smaller specialised manufacturers. Major players compete on product quality, customisation, application knowledge, and pricing. Usually, established companies have large manufacturing facilities, strong distribution networks, and wide product wisdom designed to meet the needs of a wide variety of customers in different industries. Technological advancements are triggering competition as companies pour resources into R&D, developing hydraulic cylinders that are more efficient, durable, or specialised to suit the changing needs of the key industries.Challenges In Hydraulic Cylinders Market
The hydraulic cylinder market undergoes several challenges, such as fluctuating prices of raw materials, especially steel, which hugely affect production costs and thus profitability. Disruptions in supply chains and existing geopolitical instabilities may amplify the effects of such fluctuations. Added on to this competition are well-established players and relatively new entrants who continue to stake their claims. All of this puts pressure on pricing, forcing companies to innovate continuously and create differentiation. Another major challenge has been the growing demand for hydraulic cylinders that are either customized or specialized to cater to the evolving needs of different industries. This definitely implies that there will be huge investments in research and development while having manufacturing processes that can efficiently handle low-volume production and increased product variety.Risks & Prospects in Hydraulic Cylinders Market
The hydraulic cylinder market is seeing increased opportunities through customisation to meet specific industry needs, particularly with the integration of IoT and smart technologies for remote monitoring and predictive maintenance. Energy efficiency is also a major aspect, with growing demand for greener hydraulic systems that revolve around characteristics such as lower friction and better fluid management. The adoption of lightweight materials, especially in aerospace and automotive, presents opportunities for further performance enhancement through weight reduction. Additional opportunities include diversification into emerging markets, retrofitting existing hydraulic systems, and collaborations with original equipment manufacturers (OEMs). High-pressure hydraulic systems and provision of aftermarket services also target specialised market segments and thus build long-term relationships with customers. Those manufacturers who will act on these opportunities stand to benefit through growth in business and meeting the new demands from various industries.Key Target Audience
, OEMs across various industries are the primary targets for the hydraulic cylinders market. These hydraulic cylinders are an integral part of their machinery and equipment, such as construction equipment, agricultural machinery, material handling equipment, and industrial automation systems. OEMs represent a large customer base that requires hydraulic cylinders with special performance criteria, dimensioning, and application requirements., Besides OEMs, the ultimate consumer engages in the operation and maintenance of equipment that utilises hydraulic cylinders. Those end-users, comprising construction companies, manufacturing plants, and mining operations, require replacement cylinders, repairs, and maintenance services. Such purchases are mainly determined by reliability, durability, and cost-effectiveness. Manufacturers further target distributors and dealers who play a crucial role in linking with end-users and providing localised sales and support.Merger and acquisition
The developments in the hydraulic cylinder market point towards strategic acquisitions relating to improving the product portfolio and extending market presence. Miller Industries, Inc. acquired Southern Hydraulic Cylinder, Inc. to ensure supply chain stability and a reduction in lead times. This ultimately complies with Miller's philosophy vis-à-vis vertical integration and operational excellence. In addition, Liebherr-Components Kirchdorf GmbH will expand its operations by opening a new factory in Oberopfingen, Germany, thereby consolidating hydraulic cylinder production. This will include logistics, mechanical production, and administrative operations, intending to increase efficiency and expansion. Because of these activities, companies can strengthen their market position and seize growth opportunities in the hydraulic cylinder market. >Analyst Comment
The hydraulic cylinder market on a global scale is going through constant growth under the influence of rising mechanisation, infrastructure development, and growing key industries. The market value was at USD 15.66 billion in 2024 and is projected to see an increase to USD 31.29 billion between the years 2037. This demand is fuelled by a growing requirement for efficient hydraulic equipment in various applications, such as construction, material handling, and agriculture. Other market growth factors include the increasing demand for cranes, increasing industrialisation, and the desire to save on labour costs in developing nations. The COVID-19 pandemic created some temporary disruption in the market, which has nevertheless shown resilience under the weight of retrofitting activities and technological advancements that have further supported its steady development. Countries such as China and India are expected to serve as outsourcing hubs in the Asia Pacific and will witness the greatest growth rate.- 1.1 Report description
- 1.2 Key market segments
- 1.3 Key benefits to the stakeholders
2: Executive Summary
- 2.1 Hydraulic Cylinders- Snapshot
- 2.2 Hydraulic Cylinders- Segment Snapshot
- 2.3 Hydraulic Cylinders- Competitive Landscape Snapshot
3: Market Overview
- 3.1 Market definition and scope
- 3.2 Key findings
- 3.2.1 Top impacting factors
- 3.2.2 Top investment pockets
- 3.3 Porter’s five forces analysis
- 3.3.1 Low bargaining power of suppliers
- 3.3.2 Low threat of new entrants
- 3.3.3 Low threat of substitutes
- 3.3.4 Low intensity of rivalry
- 3.3.5 Low bargaining power of buyers
- 3.4 Market dynamics
- 3.4.1 Drivers
- 3.4.2 Restraints
- 3.4.3 Opportunities
4: Hydraulic Cylinders Market by Type
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Welded Cylinder
- 4.2.1 Key market trends, factors driving growth, and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3 Tie Rod Cylinder
- 4.3.1 Key market trends, factors driving growth, and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
- 4.4 Others
- 4.4.1 Key market trends, factors driving growth, and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market share analysis by country
5: Hydraulic Cylinders Market by Application / by End Use
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Industrial Equipment
- 5.2.1 Key market trends, factors driving growth, and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3 Mobile Equipment
- 5.3.1 Key market trends, factors driving growth, and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
6: Hydraulic Cylinders Market by Region
- 6.1 Overview
- 6.1.1 Market size and forecast By Region
- 6.2 North America
- 6.2.1 Key trends and opportunities
- 6.2.2 Market size and forecast, by Type
- 6.2.3 Market size and forecast, by Application
- 6.2.4 Market size and forecast, by country
- 6.2.4.1 United States
- 6.2.4.1.1 Key market trends, factors driving growth, and opportunities
- 6.2.4.1.2 Market size and forecast, by Type
- 6.2.4.1.3 Market size and forecast, by Application
- 6.2.4.2 Canada
- 6.2.4.2.1 Key market trends, factors driving growth, and opportunities
- 6.2.4.2.2 Market size and forecast, by Type
- 6.2.4.2.3 Market size and forecast, by Application
- 6.2.4.3 Mexico
- 6.2.4.3.1 Key market trends, factors driving growth, and opportunities
- 6.2.4.3.2 Market size and forecast, by Type
- 6.2.4.3.3 Market size and forecast, by Application
- 6.2.4.1 United States
- 6.3 South America
- 6.3.1 Key trends and opportunities
- 6.3.2 Market size and forecast, by Type
- 6.3.3 Market size and forecast, by Application
- 6.3.4 Market size and forecast, by country
- 6.3.4.1 Brazil
- 6.3.4.1.1 Key market trends, factors driving growth, and opportunities
- 6.3.4.1.2 Market size and forecast, by Type
- 6.3.4.1.3 Market size and forecast, by Application
- 6.3.4.2 Argentina
- 6.3.4.2.1 Key market trends, factors driving growth, and opportunities
- 6.3.4.2.2 Market size and forecast, by Type
- 6.3.4.2.3 Market size and forecast, by Application
- 6.3.4.3 Chile
- 6.3.4.3.1 Key market trends, factors driving growth, and opportunities
- 6.3.4.3.2 Market size and forecast, by Type
- 6.3.4.3.3 Market size and forecast, by Application
- 6.3.4.4 Rest of South America
- 6.3.4.4.1 Key market trends, factors driving growth, and opportunities
- 6.3.4.4.2 Market size and forecast, by Type
- 6.3.4.4.3 Market size and forecast, by Application
- 6.3.4.1 Brazil
- 6.4 Europe
- 6.4.1 Key trends and opportunities
- 6.4.2 Market size and forecast, by Type
- 6.4.3 Market size and forecast, by Application
- 6.4.4 Market size and forecast, by country
- 6.4.4.1 Germany
- 6.4.4.1.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.1.2 Market size and forecast, by Type
- 6.4.4.1.3 Market size and forecast, by Application
- 6.4.4.2 France
- 6.4.4.2.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.2.2 Market size and forecast, by Type
- 6.4.4.2.3 Market size and forecast, by Application
- 6.4.4.3 Italy
- 6.4.4.3.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.3.2 Market size and forecast, by Type
- 6.4.4.3.3 Market size and forecast, by Application
- 6.4.4.4 United Kingdom
- 6.4.4.4.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.4.2 Market size and forecast, by Type
- 6.4.4.4.3 Market size and forecast, by Application
- 6.4.4.5 Benelux
- 6.4.4.5.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.5.2 Market size and forecast, by Type
- 6.4.4.5.3 Market size and forecast, by Application
- 6.4.4.6 Nordics
- 6.4.4.6.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.6.2 Market size and forecast, by Type
- 6.4.4.6.3 Market size and forecast, by Application
- 6.4.4.7 Rest of Europe
- 6.4.4.7.1 Key market trends, factors driving growth, and opportunities
- 6.4.4.7.2 Market size and forecast, by Type
- 6.4.4.7.3 Market size and forecast, by Application
- 6.4.4.1 Germany
- 6.5 Asia Pacific
- 6.5.1 Key trends and opportunities
- 6.5.2 Market size and forecast, by Type
- 6.5.3 Market size and forecast, by Application
- 6.5.4 Market size and forecast, by country
- 6.5.4.1 China
- 6.5.4.1.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.1.2 Market size and forecast, by Type
- 6.5.4.1.3 Market size and forecast, by Application
- 6.5.4.2 Japan
- 6.5.4.2.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.2.2 Market size and forecast, by Type
- 6.5.4.2.3 Market size and forecast, by Application
- 6.5.4.3 India
- 6.5.4.3.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.3.2 Market size and forecast, by Type
- 6.5.4.3.3 Market size and forecast, by Application
- 6.5.4.4 South Korea
- 6.5.4.4.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.4.2 Market size and forecast, by Type
- 6.5.4.4.3 Market size and forecast, by Application
- 6.5.4.5 Australia
- 6.5.4.5.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.5.2 Market size and forecast, by Type
- 6.5.4.5.3 Market size and forecast, by Application
- 6.5.4.6 Southeast Asia
- 6.5.4.6.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.6.2 Market size and forecast, by Type
- 6.5.4.6.3 Market size and forecast, by Application
- 6.5.4.7 Rest of Asia-Pacific
- 6.5.4.7.1 Key market trends, factors driving growth, and opportunities
- 6.5.4.7.2 Market size and forecast, by Type
- 6.5.4.7.3 Market size and forecast, by Application
- 6.5.4.1 China
- 6.6 MEA
- 6.6.1 Key trends and opportunities
- 6.6.2 Market size and forecast, by Type
- 6.6.3 Market size and forecast, by Application
- 6.6.4 Market size and forecast, by country
- 6.6.4.1 Middle East
- 6.6.4.1.1 Key market trends, factors driving growth, and opportunities
- 6.6.4.1.2 Market size and forecast, by Type
- 6.6.4.1.3 Market size and forecast, by Application
- 6.6.4.2 Africa
- 6.6.4.2.1 Key market trends, factors driving growth, and opportunities
- 6.6.4.2.2 Market size and forecast, by Type
- 6.6.4.2.3 Market size and forecast, by Application
- 6.6.4.1 Middle East
- 7.1 Overview
- 7.2 Key Winning Strategies
- 7.3 Top 10 Players: Product Mapping
- 7.4 Competitive Analysis Dashboard
- 7.5 Market Competition Heatmap
- 7.6 Leading Player Positions, 2022
8: Company Profiles
- 8.1 PARKER HANNIFIN CORP
- 8.1.1 Company Overview
- 8.1.2 Key Executives
- 8.1.3 Company snapshot
- 8.1.4 Active Business Divisions
- 8.1.5 Product portfolio
- 8.1.6 Business performance
- 8.1.7 Major Strategic Initiatives and Developments
- 8.2 Enerpac
- 8.2.1 Company Overview
- 8.2.2 Key Executives
- 8.2.3 Company snapshot
- 8.2.4 Active Business Divisions
- 8.2.5 Product portfolio
- 8.2.6 Business performance
- 8.2.7 Major Strategic Initiatives and Developments
- 8.3 SMC Corporation.
- 8.3.1 Company Overview
- 8.3.2 Key Executives
- 8.3.3 Company snapshot
- 8.3.4 Active Business Divisions
- 8.3.5 Product portfolio
- 8.3.6 Business performance
- 8.3.7 Major Strategic Initiatives and Developments
- 8.4 KYB Americas Corporation
- 8.4.1 Company Overview
- 8.4.2 Key Executives
- 8.4.3 Company snapshot
- 8.4.4 Active Business Divisions
- 8.4.5 Product portfolio
- 8.4.6 Business performance
- 8.4.7 Major Strategic Initiatives and Developments
- 8.5 Eaton
- 8.5.1 Company Overview
- 8.5.2 Key Executives
- 8.5.3 Company snapshot
- 8.5.4 Active Business Divisions
- 8.5.5 Product portfolio
- 8.5.6 Business performance
- 8.5.7 Major Strategic Initiatives and Developments
- 8.6 Bosch Rexroth AG
- 8.6.1 Company Overview
- 8.6.2 Key Executives
- 8.6.3 Company snapshot
- 8.6.4 Active Business Divisions
- 8.6.5 Product portfolio
- 8.6.6 Business performance
- 8.6.7 Major Strategic Initiatives and Developments
- 8.7 Wipro Infrastructure Engineering
- 8.7.1 Company Overview
- 8.7.2 Key Executives
- 8.7.3 Company snapshot
- 8.7.4 Active Business Divisions
- 8.7.5 Product portfolio
- 8.7.6 Business performance
- 8.7.7 Major Strategic Initiatives and Developments
- 8.8 WEBER-HYDRAULIK GMBH
- 8.8.1 Company Overview
- 8.8.2 Key Executives
- 8.8.3 Company snapshot
- 8.8.4 Active Business Divisions
- 8.8.5 Product portfolio
- 8.8.6 Business performance
- 8.8.7 Major Strategic Initiatives and Developments
- 8.9 Precision Hydraulic Cylinders
- 8.9.1 Company Overview
- 8.9.2 Key Executives
- 8.9.3 Company snapshot
- 8.9.4 Active Business Divisions
- 8.9.5 Product portfolio
- 8.9.6 Business performance
- 8.9.7 Major Strategic Initiatives and Developments
- 8.10 Bucher Hydraulics GmbH
- 8.10.1 Company Overview
- 8.10.2 Key Executives
- 8.10.3 Company snapshot
- 8.10.4 Active Business Divisions
- 8.10.5 Product portfolio
- 8.10.6 Business performance
- 8.10.7 Major Strategic Initiatives and Developments
9: Analyst Perspective and Conclusion
- 9.1 Concluding Recommendations and Analysis
- 9.2 Strategies for Market Potential
Scope of Report
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Frequently Asked Questions (FAQ):
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