- May 2021 |
- Agriculture / Equipment and Machinery
Global Hydraulic Cylinder Market, By Function (Single Acting Hydraulic Cylinders, Double Acting Hydraulic Cylinders), By Product Type (Welded Cylinder, Tie Rod Cylinder, Others), By Application (Industrial Equipment, Mobile Equipment), By End-User (Agriculture, Forestry, Marine, Aerospace and Defence, Construction, Others (Mining, Oil, and Gas)), By Region(North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
Global Hydraulic Cylinder Market- Industry Trends & Forecast Report 2027
The global hydraulic cylinder market was worth USD 12.6 billion in the year 2020. It is further estimated to grow at the CAGR of 4.3% in the forecast period of 2021-2027 to reach USD 22.7 billion. Technological advances in hydraulics cylinders are the major factor behind the growth of this market. The combination of these cylinders with electronics broadens their capabilities and applications, providing precision and regulated efficiency, which in turn propels the growth of the...