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What is the Future Scope of Hydraulic Cylinder Market amidst COVID-19?

The global hydraulic cylinder market size is expected to grow from USD 14.9 billion in 2019 to USD 19.4 billion by 2024 at a CAGR of 5.4%. The market growth is fuelled by rising demand from the construction industry, growing use in mining equipment, and increasing demand for material handling equipment.

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What is the Future Scope of Hydraulic Cylinder Market amidst COVID-19?

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  1. MarketsandMarkets Presents What is the Future Scope of Hydraulic Cylinder Market amidst COVID-19? Hydraulic Cylinder Market by Function (Double-Acting, Single-Acting), Specification (Welded, Tie-Rod, Telescopic, Mill-Type), Application (Mobile and Industrial), Bore Size (<50MM, 50-150MM, >150MM), Industry, and Region - Global Forecast to 2024 https://www.marketsandmarkets.com/Market-Reports/hydraulic-cylinders-market-252743122.html

  2. The global hydraulic cylinder market size is expected to grow from USD 14.9 billion in 2019 to USD 19.4 billion by 2024 at a CAGR of 5.4%. The market growth is fueled by rising demand from the construction industry, growing use in mining equipment, and increasing demand for material handling equipment. Browse 110 market data Tables and 62 Figures spread through 168 Pages and in-depth TOC on "Hydraulic Cylinder Market - Global Forecast to 2024"

  3. The hydraulic cylinder market for double-acting hydraulic cylinders to grow at highest CAGR from 2019 to 2024 Double-acting hydraulic cylinders are used in aerospace, automotive, agriculture, and several other industries owing to their retraction property. Double-acting hydraulic cylinders have a higher demand in mobile applications such as lifting equipment, tractors, harvesters, telescopic loaders, earth moving equipment, forklifts, and heavy trucks. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=252743122 Hydraulic cylinder market for aerospace & defense to exhibit high growth during the forecast period The aerospace & defense industry is expected to register the highest CAGR during the forecast period. The aerospace & defense industry is expected to witness high growth in the near future. The increase in aircraft passengers globally has led to the rise in investments in the aircraft industry. With more investments in the aircraft industry, more production of aircraft is expected to drive the market for double-acting hydraulic cylinders used in different applications of commercial and military aircraft.

  4. Hydraulic cylinder market in APAC to grow at highest CAGR during the forecast period The hydraulic cylinder industry in APAC is expected to grow at the highest CAGR during the forecast period. Japan is expected to continue to account for the largest hydraulic cylinder market share in APAC during the forecast period, followed by Australia and China. The growth of the market in APAC can be attributed to rapid industrialization and infrastructure development. Hydraulic cylinders are major components in both construction equipment and agricultural equipment. Since both equipment has high demand in APAC, the market for hydraulic cylinders is expected to grow at a substantial rate in the next few years. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=252743122 Key Market Players Actuant (US), Bosch Rexroth (Germany), Caterpillar (US), Eaton (Ireland), KYB Corporation (Japan), Parker Hannifin (US), SMC Corporation (Japan), Jiangsu Hengli Hydraulic (China), Wipro Enterprises (India), and Hydac (Germany) were the major players in the hydraulic cylinder market.

  5. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

  6. Contact Us Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 For More Info: https://www.marketsandmarkets.com/PressReleases/hydraulic-cylinders.asp

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