Welded Hydraulic Cylinder Market to witness a profitable growth rate over 2016 – 2025: Fractovia.org Hydraulic Cylinder Market Size By Function (Single Acting, Double Acting), By Product (Tie rod, Welded), By Application (Mobile, Industrial), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2025
Overview: • Hydraulic cylinder market is projected to garner a lucrative valuation over the next few years, subject to the surging demand for the product across the material handling, agriculture, food processing, and other industrial sectors. • “Hydraulic Cylinder Market, worth USD 10 billion in 2015, is expected to cross USD 16 billion by 2025, with a CAGR estimation of 6% over 2016-2025.” • These cylinders find extensive applications in equipment such as offshore, electronic overhead traveling, marine, and level luffing cranes, which are used heavily across the material handling sector and other industrial arenas. • Industrial applications held more than 32% of hydraulic cylinder market share in 2015 and is anticipated to grow at a rate of more than 4% over 2016-2025, subject to the massive development of numerous sectors such as O&G, F&B, and electricity generation.
U.S. Hydraulic Cylinder Market size, by application, 2013 -2025 (Million Units)
Product Trends: • Hydraulic cylinders can be single acting or double acting. The latter are widely used across applications that require acceleration control, retraction resistance, and cushion stoppage. Subject to their usage for earth moving equipment, forklifting, and truck lifting, double acting hydraulic cylinder industry is anticipated to cross USD 11 billion 2025. • Single acting hydraulic cylinder market, on the other hand, is expected to grow at a rate of 6% over 2016-2025 in terms of volume, having had a valuation of USD 3.12 billion in 2015. This growth can be credited to the product’s usage in DC power applications owing to its high efficiency and unidirectional functionality.
Regional Trends: • U.S. hydraulic cylinder industry, subject to the high investments on the defense & aerospace sectors, is projected to cross USD 3 billion by 2025. • China hydraulic cylinder market size is anticipated to reach over USD 1 billion by 2025 owing to heavy investment in infrastructure sector. The Chinese government has announced to invest over USD 151 million on Hubei Xiaogan logistics infrastructure project. • Major companies exploiting the numerous opportunities in hydraulic cylinder market include Bosch Rexroth AG, Yeletsgidroagregat, Hannon LLC, Eaton Corporation PLC, Pacoma GmbH, Parker-Hannifin Corporation, Hydrapac Italia, Ligon Industries, United Hydraulics, Bailey International LLC, Weber-Hydraulik Group, Prince Manufacturing Corporation, Aggressive Inc., Burnside Autocyl (Tullow) Ltd., Hydrosila, Hyco International, Inc., Chapel Hydraulique, Baltic, Precision Group Inc., Caterpillar Inc., Best Metal Products, Perfection, Norrhydro Oy, Wipro Infrastructure Engineering, Texas Inc., and Enerpac Corp. • Competitive Trends:
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