Hydraulic Cylinder Market

Hydraulic Cylinder Market Outlook (2024 to 2034)

The global hydraulic cylinder market is analyzed at US$ 14.83 billion in 2024. The market has been forecasted to advance at a CAGR of 5.7% and reach a size of US$ 25.82 billion by the end of 2034.

The growing requirement for increased agricultural production and efficiency is driving the hydraulic cylinder market growth, which is primarily due to agricultural mechanization. The latest agricultural equipment such as tractors, harvesters, loaders, and others is increasing in demand as more farmers and agricultural businesses are widely looking to increase yields and cut labor costs. These machines are not complete without hydraulic cylinders, which enable crucial tasks including lifting, steering, and carrying out diverse operations.

They are essential to the latest farming techniques because of their capacity to deliver strong and accurate control. Thus, agriculture is becoming more mechanized and this is driving up the need for hydraulic cylinders as well. Other than this, the usefulness and efficiency of hydraulic systems are improved by advancements in hydraulic technology such as the creation of smart hydraulic cylinders with integrated sensors for real-time monitoring and control.

Key Market Growth Drivers

• The need for hydraulic cylinders is increasing due to rising public and private investments in infrastructure projects such as roads, bridges, and public transportation networks.
• This factor is driving up sales of hydraulic cylinders, as they are necessary for construction machinery that is widely utilized in these kinds of operations, such as loaders and excavators.
• One of the key hydraulic cylinder market trends that is positively influencing sales growth is automation in manufacturing and industrial processes.
• Hydraulic cylinders are essential for automating processes and improving productivity, accuracy, and efficiency in several industries such as manufacturing, aerospace, automotive, and others.
• The agricultural industry is also contributing to the hydraulic cylinder market size expansion due to increasing productivity. Because of this, there is a growing need for agricultural equipment such as loaders, harvesters, and tractors, and these tools require hydraulic cylinders, which are essential for lifting, steering, and other functions.
• Expanding construction industry in several countries is further pushing demand for hydraulic cylinders because they are widely used in machinery such as cranes, bulldozers, backhoes, and others.
• The demand for hydraulic cylinders increasing in the automotive industry for applications such as convertible tops, suspension systems, and braking systems.
• The utilization of hydraulic cylinders increasing in material handling machinery including pallet jacks and forklifts. There is an increasing need for effective material handling solutions as the logistics and e-Commerce sectors expand.

Report Attribute	Detail
Hydraulic Cylinder Market Size (2024E)	US$ 14.83 Billion
Forecasted Market Value (2034F)	US$ 25.82 Billion
Global Market Growth Rate (2024 to 2034)	5.7% CAGR
East Asia Market Share (2024E)	25.9%
North America Market Value (2024E)	US$ 3.38 Billion
Welded Hydraulic Cylinders Segment Value (2034F)	US$ 7.33 Billion
51 to 100 mm Segment Value (2034F)	US$ 6.27 Billion
Key Companies Profiled	KYB Corporation; Enerpac Tool Group; SMC Corporation; HYDAC; Caterpillar; Bosch Rexroth; Jiangsu Hengli Hydraulic Co., Ltd.; Eaton Corporation; Actuant Corporation; Wipro Limited; Texas Hydraulics; Garden Flavours Co. Pvt. Ltd.

What is Positively Influencing the Hydraulic Cylinder Demand Growth?

“Continuous Progress in Industrial Automation Driving Demand”

The demand for hydraulic cylinders is continuously increasing all over the world due to progress in industrial automation, which is changing manufacturing and industrial processes. The use of hydraulic cylinders is growing in popularity as businesses look to increase production, accuracy, and efficiency. The power and control required for several automated tasks such as material handling, assembling, machining, and others are provided by hydraulic cylinders.

Hydraulic cylinders enable the smooth operation of machinery and equipment in industries such as aerospace and automotive, where high precision and reliability are extremely crucial. The latest industrial environment requires hydraulic systems as a fundamental element, as this shift towards automation not only minimizes human error and lowers labor costs, but also improves operational efficiency. Because of this, there is an increasing need for hydraulic cylinders.

What is Hampering the Sales Growth for Hydraulic Cylinders?

“Issues Related to Constant Changes in Raw Material Pricing”

The growth of the market for hydraulic cylinders is hampered by changes in the price of raw materials, especially steel and aluminum. The pricing of these materials, which are necessary for producing hydraulic cylinders, is determined by several market factors including supply and demand in the worldwide market, geopolitical unrest, and prevailing economic conditions.

The profitability of businesses is greatly impacted by abrupt rises in the cost of raw materials, which further result in increased production costs. Thereby, higher pricing for hydraulic cylinders results in these additional expenses being transferred to customers. Such price increases discourage end users and lower demand for hydraulic solutions.

Country-wise Insights

The East Asia region is estimated to account for 25.9% of the worldwide hydraulic cylinder market share in 2024 due to the well-established industrial sector and high demand for agricultural and construction equipment. Other than this, the ongoing advancements in hydraulic technology in the region, particularly in the areas of automation and smart cylinders, are further driving market expansion in an upward direction.

Which Factors are Pushing Utilization of Hydraulic Cylinders in the United States?

“Continuously Increasing Requirements to Upgrade and Maintain Infrastructure”

Attribute	United States
Market Value (2024E)	US$ 2.78 Billion
Growth Rate (2024 to 2034)	5.6% CAGR
Projected Value (2034F)	US$ 4.77 Billion

The government in the United States is investing a significant amount in infrastructure projects for upgrading and maintaining important infrastructure such as roads, bridges, public transportation systems, and others. This is one of the main factors driving the need for hydraulic cylinders in the United States. Heavy equipment is required for these projects, including cranes, bulldozers, excavators, and several others. These machines depend on hydraulic cylinders to carry out crucial tasks such as lifting, excavating, and moving materials.

The focus on infrastructure modernization is not only making construction operations more efficient but also generating a steady demand for hydraulic cylinders because these systems are essential to the proper operation of construction machinery.

Why is the Requirement for Hydraulic Cylinders Increasing in South Korea?

“Continuous Developments in Industrial Automation Driving Demand”

Attribute	South Korea
Market Value (2024E)	US$ 1.06 Billion
Growth Rate (2024 to 2034)	5.8% CAGR
Projected Value (2034F)	US$ 1.86 Billion

The continuous advancements in industrial automation in South Korea are attributed to the integration of smart manufacturing technologies across several industries such as electronics, machinery, and automotive. The need for hydraulic cylinders is rising at a notable rate in South Korea as businesses look to improve accuracy, efficiency, and production. These automated procedures require hydraulic cylinders as a vital component because they provide the force and movement required for operations including pushing, lifting, and positioning.

Hydraulic cylinders are perfect for use in complex machinery because of their small designs and high power delivery, which facilitates smoother operations and better overall performance. As a result, the need for hydraulic cylinders is growing as South Korea adopts automation, which is further creating remunerative opportunities for market players.

Category-wise Insights

Based on application, the market is segmented into industrial equipment and mobile equipment. In mobile equipment applications including loaders, excavators, mobile cranes, and telescopic loaders, hydraulic cylinders are widely utilized. The need for hydraulic cylinders in mobile applications is driven by the rising investments made in the aforementioned industries by both public and commercial entities.

Why is the Demand for Welded Hydraulic Cylinders Continuously Rising?

“Durability and Sturdy Design Making Welded Cylinders Ideal Choice”

Attribute	Welded
Segment Value (2024E)	US$ 4.24 Billion
Growth Rate (2024 to 2034)	5.6% CAGR
Projected Value (2034F)	US$ 7.33 Billion

Demand for welded hydraulic cylinders is increasing at a better rate in comparison with other product types owing to their durability and sturdy design. Because welded cylinders are completely enclosed, they are more able to withstand extreme conditions and are therefore more appropriate for heavy-duty uses such as agricultural machinery, mining, and construction. They are perfect for equipment where space is limited because of their compact shape, which also makes it easier to integrate into small areas.

Other than this, welded cylinders usually have fewer leakage spots, which increases their dependability and lowers the need for maintenance. These factors are consequently increasing the popularity of these cylinders for their durability and efficiency.

Why is the Preference for 51 to 100-mm Bore Size Hydraulic Cylinders High?

“Preferred Choice for Several Medium-Sized Applications”

Attribute	51 to 100 mm
Segment Value (2024E)	US$ 3.65 Billion
Growth Rate (2024 to 2034)	5.6% CAGR
Projected Value (2034F)	US$ 6.27 Billion

The 51 to 100 mm bore size range of hydraulic cylinders is in high demand because it provides an excellent balance between power and mobility, making it appropriate for several medium-duty applications. Construction, agriculture, and material handling are among the industries that depend on hydraulic systems, which need a certain amount of force to complete tasks effectively.

Cylinders with this bore size offer the strength that is needed without being unduly large. Forklifts, tractors, loaders, and other machinery that require strong performance and maneuverability all benefit from their small size and powerful construction. Cylinders with a bore size of 51 to 100 mm are quite common in several industries due to their strength, versatility, and efficiency.

Competitive Landscape

Key players in the hydraulic cylinder market focus on creating advanced machinery with increased strength, accuracy, and efficiency. These cylinders include smart hydraulic systems incorporating sensors and Internet of Things technology to enable real-time monitoring. These developments enable producers to provide more expensive goods, drawing clients seeking cutting-edge fixes.

• In August 2024, the cutting-edge facility in Mahindra World City, Jaipur, which is the company's first hydraulics manufacturing facility in Northern India, will be able to produce hydraulic cylinders for customers all over the world, according to Wipro Hydraulics, the hydraulic cylinder and component manufacturing division of Wipro Infrastructure Engineering.

Fact.MR provides detailed information about the price points of key producers of hydraulic cylinders positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Hydraulic Cylinder Market Research

• By Product Type :

  • Tie-Rod
  • Threaded
  • Welded
  • Bolted/Mill
  • Telescopic

• By Bore Size :

  • <50 mm
  • 51 to 100 mm
  • 101 to 150 mm
  • 151 to 300 mm
  • Above 300 mm

• By Operating Principle :

  • Single Acting
  • Double Acting
  • Multistage/Tandem

• By Application :

  • Industrial Equipment
    • Lifts & Aerial Work Platforms
    • Rams & Presses
    • Loading Docks
    • Injection Molding Machines
    • Oil & Gas and Offshore Applications
    • Others
  • Mobile Equipment
    • Agricultural & Forestry Vehicles
    • Construction Equipment
    • Mining & Material Handling Equipment
    • Others

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa