Jul 14, 2021   SOURCE: BusinessWire

Worldwide Hydraulic Cylinder Industry to 2026 - Featuring Caterpillar, Eaton and Kappa Engineering Among Others - ResearchAndMarkets.com

The "Hydraulic Cylinder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global hydraulic cylinder market reached a value of US$ 14.1 Billion in 2020. Looking forward, the publisher expects the market to exhibit moderate growth during 2021-2026.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A hydraulic cylinder is a piece of subassembly equipment that is used to transfer unidirectional force through hydraulic systems. It consists of a cylindrical barrel, cylinder caps, piston, piston rods, seals and rings that are combined to form a closed circuit. It also has highly efficient power-to-size and power-to-weight ratios that enable variable speed control, automatic overload protection and positioning alterations. Owing to this, hydraulic cylinders find extensive applications across various industries, including aerospace & defense, manufacturing, construction, automotive and marine.

The growing construction and mining industries are among the key factors driving the growth of the market. Owing to rapid industrialization and urbanization, especially across the emerging nations, hydraulic cylinders are increasingly being utilized in heavy machinery, including backhoes, trenchers, asphalt laying machines, concrete cutting saws and motor graders. Additionally, expansion in the aerospace and defense sectors is acting as another major growth-inducing factor. These cylinders are used in aircraft to operate flaps, brakes and landing gear.

They are also employed for thrust reversers, telehandlers, bomb loaders, automated pallet and personnel door systems in military equipment. The increasing mechanization and automation of agricultural equipment are also significantly contributing to the growth of the market. Farmers are increasingly replacing traditionally used manual equipment with hydraulic devices to enhance the overall efficiency of various agricultural operations. Other factors, including product innovations and implementation of favorable government policies to promote infrastructural development, are projected to drive the market further.

Companies Mentioned

  • Bosch Rexroth AG
  • Caterpillar Inc.
  • Eaton Corporation
  • Enerpac Tool Group (Formerly Actuant Corporation)
  • Hannon Hydraulics
  • HYDAC
  • JARP Industries
  • Kappa Engineering
  • KYB Corporation
  • Parker-Hannifin Corporation
  • SMC Corporation
  • Texas Hydraulics Inc.
  • United Hydraulics
  • Wipro Enterprises

Key Questions Answered in This Report:

  • How has the global hydraulic cylinder market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the industry?
  • Whas has been the impact of COVID-19 on the global hydraulic cylinder market?
  • What is the breakup of the market based on the function?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the bore size?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end-use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global hydraulic cylinder market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Hydraulic Cylinder Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Function

6.1 Single-Acting Hydraulic Cylinders

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Double-Acting Hydraulic Cylinders

6.2.1 Market Trends

6.2.2 Market Forecast

7 Market Breakup by Type

8 Market Breakup by Bore Size

9 Market Breakup by Application

10 Market Breakup by End-Use Industry

11 Market Breakup by Region

12 SWOT Analysis

13 Value Chain Analysis

14 Porters Five Forces Analysis

15 Price Indicators

16 Competitive Landscape

16.1 Market Structure

16.2 Key Players

16.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/p3ee00