Hydraulic Cylinder industry to generate massive share via mobile applications over 2016-2025
Publisher : Fractovia | Published Date : 2017-04-28Request Sample
Extensive growth of the construction and manufacturing sectors is anticipated to upswing hydraulic cylinder market revenue. These cylinders find massive applications in agro-based and food processing industries as well, and huge capital investments in these sectors are predicted to offer luminous business growth opportunities for the hydraulic cylinder market to grow. The thriving material handling equipment market is also anticipated to uplift the product demand over the next few years. Of late, the requirement for fracturing equipment to effectively carry out shale gas exploration and extraction operations in the U.S. has extensively increased. This in turn, will profitably leverage the regional business landscape. According to Global Market Insights “Hydraulic cylinder industry revenue, estimated at USD 10 billion in 2015, is forecast to hit USD 16.4 billion by 2025.”
The emerging economies have been observing a massive growth in the construction sector. Huge spending on the infrastructural expansion across these developing countries is anticipated to sketch a profitable roadmap for hydraulic cylinder market. The Indian government has declared to make investments of more than USD 375 billion in infrastructural projects by 2019, from which nearly USD 75.30 billion is expected to be invested in road development activities, port connectivity enhancement, and railway projects.
U.S. Hydraulic Cylinder Market size, by application, 2013 -2025 (Million Units)
Taking into consideration the geographical trends, Russia hydraulic cylinder industry, which contributed over 35% of the overall revenue in 2015, is slated to record a CAGR of 3.6% over the coming eight years. High preference for automated equipment across the agricultural & construction sectors will drive the regional revenue. Germany hydraulic cylinder market is forecast to record an annual growth of 4% over the period of 2016-2025, owing to the high demand for sustainable energy.
Middle East and Africa hydraulic cylinder industry is projected to register prominent gains of 5% from 2016 to 2025, driven by the huge demand for material handling equipment. Hydraulic cylinder market revenue in Brazil, which was estimated at USD 0.16 billion in 2015, is set to grow at a rate of 4% during the period from 2016 to 2025. Heavy expenditure on infrastructural expansion to improve transport facility is expected to contribute remarkably towards the regional growth.
U.S. hydraulic cylinder industry is projected to surpass a revenue of USD 3 billion by 2025, subject to the heavy funding in the defense, material handling and aerospace industries. Hydraulic cylinder market share in China is foreseen to reach USD 1 billion by 2025, subject to the favorable government norms pertaining to infrastructural growth activities. In 2016, the government of China had stated that it will provide funds of USD 51.02 million for its Hubei Xiaogan logistics infrastructure venture. The remaining USD 100 million is to be financed by the World Bank.
Based on the product trends, hydraulic cylinder industry is segmented into tie rod hydraulic cylinders and welded hydraulic cylinders. Tie rod hydraulic cylinder industry is anticipated to observe significant gains of 6% during 2016-2025, subject to its noteworthy applications in farming.
Welded hydraulic cylinder market, which led the product landscape in 2015, is slated to collect a revenue of more than USD 11 billion by 2025. Its extensive usage in heavy mining and construction activities will significantly increase the product demand.
Hydraulic cylinders find wide applications in the industrial and mobile sectors. Hydraulic cylinder industry size in the industrial sector, which accounted for 32% of overall revenue in 2015, is predicted to register an annual growth of 4% over 2016-2025. Mobile applications, which collected a revenue of USD 7.05 billion in 2015, are forecast to grow at a CAGR of 4% over the next few years. High demand for material handling equipment along with growing urbanization will supplement the growth.
Hydraulic cylinders work in the single acting and double acting function modes. Double acting hydraulic cylinder industry, which amassed a revenue of USD 7 billion in 2015, is perceived to touch the revenue margin of USD 11 billion by 2025. It finds widespread application in heavy trucks, forklifting, and earth moving equipment. Single acting hydraulic cylinder market, worth USD 3.12 billion in 2015, is expected to grow strikingly over the years to come. Its uni-directional function and high operational efficiency, especially for DC power applications will push the revenue.
Eaton Corporation Plc, Hydrosila, Chapel hydraulique, Texas Instruments Incorporation, Bosch Rexroth AG, Parker-Hannifin Corporation, Caterpillar Incorporation, Ligon Industries LLC, Norrhydro Oy, Wipro Infrastructure Engineering, Prince Manufacturing Corporation, Bailey International LLC, Hyco International Incorporation, Pacoma GmbH, Weber-Hydraulik GmbH, Precision Group, Enerpac Corporation, Aggressive Incorporation, and Burnside Autocyl Limited are the major participants of hydraulic cylinder industry.
