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 global hydraulic cylinder market.
Global Hydraulic Cylinder Market- Overview
Hydraulic cylinders are actuation tools that
leverage pressurized hydraulic fluid for generating linear motion and
force. Also known as hydraulic pumps, hydraulic cylinders can be used in any
application that requires a powerful push or pull force. Hydraulic cylinders
are now used in a variety of industries, including construction, mining, manufacturing, and
offshore. Growing industrialization and infrastructural development in various
emerging economies are driving up demand for hydraulic cylinders. The global
hydraulic cylinder market is also being driven by factors such as
high speed, accuracy, and reliability, as well as increased performance
and power generation. Additionally, growing infrastructural development in
various emerging economies is driving up demand for hydraulic cylinders.
Furthermore, consistent R&D activities and technological advances in
hydraulic cylinders are estimated to propel the hydraulic cylinder market
during the forecast period.
Global Hydraulic Cylinder Market Forecast and Trends
The Surge in Construction Activities Driving the Market Growth
Growing construction activities are contributing
significantly to the growth of the global hydraulic industry.
Hydraulic cylinders are in high demand in the construction industry due to
their large range of functions and applicability. These cylinders are used in
both heavy machinery (such as excavators, bulldozers, and backhoes, as well as
smaller equipment like trenchers, lifts, and concrete pumping systems).
Construction activities have increased dramatically in recent years as a result
of government funding and initiatives, especially in developing economies. As a
result, the global hydraulic cylinders market is witnessing significant
Flourishing Shipping Industry Fueling the Market Demand
for Hydraulic Cylinders
Dockyards in the shipping industry are typically piled
hundreds of feet high with shipping containers of varying sizes and weights. Since
lifting equipment is used to move these large containers, therefore, such
lifting equipment is in high demand in this industry. Moreover, as e-commerce
has grown in popularity, the shipping industry has thrived in recent years,
necessitating the transport of goods across borders and seas. As a result, the
need for lifting equipment will rise, propelling the demand for hydraulic
Availability of Alternative Products
Hydraulic cylinders are powered by fluids (most commonly
oil). The leakage of these fluids pollutes the environment. As a result, end-users
who need a safe and healthy atmosphere search for safer and healthy alternatives
for hydraulic cylinders. As a result, some sectors, such as agriculture, where
cleanliness is crucial, typically use pneumatic cylinders that run on gas, with
no risk of contaminating the environment. The availability of these types of
alternative products has had a significant effect on market demand for
Impact of COVID-19 on Global Hydraulic Cylinder Market
As a result of the COVID-19 outbreak, demand for hydraulic
cylinders has declined significantly. As soon as WHO declared the situation as
a pandemic, several countries imposed a complete lockdown to prevent the spread
of the virus. The major end-users for hydraulic cylinders were construction,
mining, oil, and gas. However, to adhere to the strict lockdown protocols, the
manufacturing and production units had to temporarily suspend their operations.
As a result, demand for hydraulic cylinders decreased dramatically, negatively
impacting the industry. But in the post-COVID-19 era, the market is expected to
get back on track. However, narrowing the demand-supply gap will take some time.
Global Hydraulic Cylinder Market - By Function
Based on function, the market is categorized into
single-acting hydraulic cylinders and double-acting hydraulic cylinders. Double-acting hydraulic cylinders enjoy the largest market share as
they are largely used in the construction and manufacturing sectors. Because of
their retraction capability, double-acting hydraulic cylinders are also
increasingly used in the automotive and agriculture, industries. These
cylinders use hydraulic fluids, essential oil to put force in both directions,
amplifying the pressure to the greatest extent as compared to single-acting
hydraulic cylinders which only put pressure from one direction. Therefore, this
segment is expected to drive the overall hydraulic cylinder market in the
Global Hydraulic Cylinder Market - By Product Type
Based on product type, the market is categorized into the
welded cylinders, tie rod cylinders, and others. The welded hydraulic cylinders dominate the market with the highest revenue share. These
cylinders are used in heavy machinery because they can carry and transport
heavy loads. It is also possible to customize welded hydraulic cylinders which
broaden their applicability. Because of these reasons, welded hydraulic
cylinders are in high demand in the market, which in turn is fueling the growth
of the global hydraulic cylinder market.
Global Hydraulic Cylinder Market - By Application
Based on application, the hydraulic cylinder market is
segmented into industrial equipment and mobile equipment. Between these two, the mobile equipment segment (which is used in marine equipment, vehicles,
and so on), holds the largest market share. It is estimated that the
market will expand during the forecast period as well. However, the industrial
equipment segment is also rising at a rapid pace because it has
numerous applications, such as metal casting, shaping and sheering,
welding, and so on.
Global Hydraulic Cylinder Market - By End-User
Based on end-user, the market is categorized into agriculture, forestry, marine, aerospace and defense,
construction, and others (mining, oil, and gas). Among these, the construction segment held the largest market share in the
year 2020 and is expected to rise further in the upcoming years. This is due to
the increased commercial and residential construction activities, such as the
construction of residential spaces, warehouses, shopping malls, and so on. Additionally,
commercial construction is expected to rise in the coming years, driving up
demand for hydraulic cylinders.
Global Hydraulic Cylinder Market - Regional Insights
Geographically, the global hydraulic cylinder market is
segmented into North America, Europe, Asia-Pacific (APAC), Latin America
(LATAM), and Middle-East & Africa (MEA). Among these regions, North America
holds the largest market share in the global hydraulic cylinder market due to
the large number of construction activities going on in this region. However,
the Asia-Pacific region is also catching up as a potential market as it has
registered high demand for hydraulic cylinders over the past few years. Rising
industrialization and the push for infrastructural development by the
governments of APAC countries are playing a crucial factor behind the growth of
the hydraulic cylinder market in the region.
The leading market players of global hydraulic cylinder
market are Bucher Hydraulics GmbH, Precision
Hydraulics Cylinders, Eaton, Enerpac, Parker HANNIFIN CORP, SMC Corporation,
Wipro Infrastructure Engineering, Bosch Rexroth
AG, WEBER-HYDRAULICS GMBH, KYB Americas Corporation, YUASA CO., LTD,
Texas Hydraulics, Kappa Engineering, Pacoma, and other prominent players.
The market players are consistently focusing on launching
innovative products to expand their product portfolio. They are also constantly
working on expanding their business operations in different geographical
locations. Additionally, these companies are concentrating on broadening the
applications of their products to attain a competitive edge.
l In February 2021,
Polavaram Project, a multi-purpose irrigation project constructed over the
Godavari River (India), became the first major irrigation project in the
country to receive the most advanced hydraulic cylinders for the radial
In February 2019, Enerpac, a US-based
diversified manufacturing company, launched a single-acting, low-height
telescopic hydraulic cylinder. This innovative product has been designed to provide
longer cylinder stroke applications, reducing the time and effort required to
move heavy loads.
Scope of the Report
Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Revenue in USD Million
North America, Europe, the Asia-Pacific, Latin America,
and the Middle East and Africa
By Function, By Product Type, By
Application, By End-User, By Region
Bucher Hydraulics GmbH, Precision Hydraulics Cylinders, Eaton, Enerpac, Parker HANNIFIN
CORP, SMC Corporation, Wipro Infrastructure Engineering, Bosch Rexroth AG, WEBER-HYDRAULICS GMBH, KYB
Americas Corporation, YUASA CO., LTD, Texas Hydraulics, Kappa
Engineering, Pacoma GmbH, and other prominent players.
Acting Hydraulic Cylinders
Acting Hydraulic Cylinders
By Product Type
Ø Welded Cylinder
(Mining, Oil, and Gas)
Ø North America
Ø Asia-Pacific (APAC)
Ø Latin America (LATAM)
Ø Middle-East & Africa (MEA)
1. What is the current size of the global hydraulic
global hydraulic cylinder market reached USD 12.6 billion in 2020.
2. What are the major factors driving the growth of the
global hydraulic cylinder market?
major factors driving the growth of the global hydraulic cylinder market are;
surge in construction activities and flourishing shipping industry.
3. Who are the key players in the global hydraulic
key players in the global hydraulic cylinder market are: Bucher Hydraulics GmbH, Precision Hydraulics
Cylinders, Eaton, Enerpac, Parker HANNIFIN CORP, SMC Corporation, Wipro
Infrastructure Engineering, Bosch Rexroth AG,
WEBER-HYDRAULICS GMBH, KYB Americas Corporation, YUASA CO., LTD, Texas
Hydraulics, Kappa Engineering, Pacoma GmbH, and other prominent players.
4. Which end-user segment accounted for the largest share
in the global hydraulic cylinder market?
construction segment accounted for the largest share in the global hydraulic
5. Which region is at the highest
growth rate in the global hydraulic
Answer: North America has the largest share in
the global hydraulic cylinder market.