The global hydraulic cylinder market reached a value of US$ 13.8 Billion in 2019. 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. Looking forward, the publisher expects the market to reach a value of US$ 16.3 Billion by 2025, registering a CAGR of 4.6% during 2020-2025.