Rising demand for advanced agriculture machinery along with increasing population size will stimulate the demand for hydraulic cylinder. Moreover, expanding infrastructural development by developing economies will further drive the business landscape.
Increasing usage of fracturing and cracking equipment for the exploration and production of shale oil and gas will favor the industry growth in the coming years. Collection of debris, storage, sand, and saltwater are some of the critical operations which can be complete by offshore lifting equipment in harsh conditions which in turn will further drive the demand for these products over other.
Hydraulic Cylinder Market, By Region
Canada market size is expected to surpass over 4% by 2025. Increasing investment across construction industry will drive the technology demand over the forecast period. In addition, rising government efforts to strengthen aerospace and defense industry will enhance the product penetration in the country.
Rising investment toward food & beverage business along with the growing consumer spending on packaged food will augment the Germany hydraulic cylinder industry growth. Additionally, growing number of large-scale industries including aerospace, defense & military, petrochemical and construction has necessitated the deployment of material handling equipment which in turn will further drive the business dynamics.
China hydraulic cylinder market size is expected to surpass over 5% by 2025. Burgeoning demand for efficient components across various industries along with growing investment toward expansion of manufacturing facilities will further drive the industry outlook.
Hydraulic Cylinder Industry Background
Hydraulic cylinder is a mechanical actuator which is used to provide unidirectional force with the help of unidirectional stroke. It has extensive application in industrial, construction, manufacturing and agricultural equipment. The hydraulic cylinder consists of cylindrical barrel, in which a piston connected to piston rod which moves back and forth. Rapid industrialization across emerging economies along with rising population will drive the industry growth.