Growing demand for material handling equipment along with ongoing construction activities for contributing economic development will propel the global hydraulic cylinder industry. Growing application across luffing cranes, overhead traveling cranes, forklifts and agricultural machines will raise the product demand in the coming years.
Hydraulic Cylinder Market, By Function
Single acting hydraulic cylinder industry will witness growth over 4% by 2025. Growing demand for material handling equipment in the food & beverage industry to create linear motion for the conveyor belts and assembly lines will drive the installation for these products. Additionally, rising usage for emission less, energy efficient and low maintenance equipment to ensure the smooth operation across various industries including manufacturing, chemical and F&B will further favor the industry outlook.
Double acting hydraulic cylinder market is estimated to reach over USD 11 billion by 2025. Growing usage of steam engines along with ongoing efforts to deploy energy efficient equipment across various industries will drive the industry outlook. Moreover, demand is anticipated to exceed further across the areas where the working fluid acts alternately on both sides of the piston such as forklifting, heavy trucks, earth moving equipment amongst other.
Hydraulic Cylinder Market, By Application
Mobile application of hydraulic cylinder is set to expand over 4% by 2025. Rising investment across chemical industry to cater the requirement of linear motion will drive the product demand. Additionally, growing construction activities on account of rising urbanization will further stimulate the product penetration.
Continuous rise in investments across food & beverage industry to cater the growing consumer demand will boost the installation for hydraulic cylinder across industries. For instance, as per the United Nations Industrial Development Organization (UNIDO), the total value of Germany’s food & beverages industry has reached to USD 46,232 million in 2017 when compared to USD 41,023 million in 2005.
Hydraulic Cylinder Market, By Product
Tie rod hydraulic cylinder industry will witness growth of over 4% by 2025. Increasing usage of agricultural equipment for farming to expedite the production capacity in line with the rising population rate will augment the industry dynamics. For instance, as per the International Trade Administration, Russian agricultural market has potential to boost the economy with 220 million hectares of land.