The hydraulic cylinders are also known as hydraulic pumps these are sub-assemblies being used in hydraulic power transfer systems. The hydraulic cylinders further helps in transferring the power activity in applications ranging from the construction equipment to aviation. These cylinders are used as an assembly of several components named as the barrel, cylinder caps and head, piston, which can be further used for the double acting or the single acting piston rod seals and the rings. These cylinders are further connected with the hydraulic system for forming a continuous hydraulic circuit. The hydraulic cylinders are further available in several configurations & functions each of them are well suited for a particular application.
According to study, “Global Hydraulic Cylinder Market to reach USD 21.47
billion by 2026” the key companies operating in the global
hydraulic cylinder market are Actuant Corporation, Bosch Rexroth AG ,Caterpillar
Inc., Eaton Corporation Plc, Jarp Industries, Jiangsu Hengli Hydraulic Co.,
Ltd., Kawasaki Heavy Industries, Parker Hannifin Corporation, Texas Hydraulics,
Wipro Enterprises Limited. The continuous product development and the geographical
expansion are some of the key strategies being followed by the hydraulic
cylinder manufacturers for achieving the competitive advantage. In addition, the
growing application of such products across energy intensive industries that
will further be creating a favorable business opportunities for different industry
players.
The hydraulic cylinder market is driven by
rise in demand for material handling equipment, followed by significant demand
from construction industry and increase in use in mining equipment. However,
High manufacturing & maintenance costs and rise in concerns regarding oil
leaks may impact the market. Moreover, growth in focus on developing smart
hydraulic cylinders and rise in demand for lifting equipment in shipping
industry are key opportunities for market.
Based on geography, the North-American
region holds major share in global hydraulic cylinder market owing to presence
of key players in the region along with technological advancement in marine and
agriculture industry in the region. Whereas, the European and Asian-Pacific
regions are anticipated to witness higher growth rate due to rise in investment
toward food & beverage business and growth in consumer spending on packaged
food over the forecast period. In upcoming years, it is estimated that future
of the global market will be bright as a result of rise in demand for efficient
construction & mining activity as well as emergence of new technologies
during the forecast period. The global hydraulic cylinder market is valued
approximately US $14.31 billion in 2018 and is expected to grow with a healthy
growth rate of more than 5.20% over the forecast period 2019 to 2026.
For
More Information refer to below link:-
Global
Hydraulic Cylinder Market
Related
Report:-
Global
Rod End Joint Bearing Market Size Study By Type (Sliding Surface, Angular
Contact and Others), By Application (Forging Machine, Hydraulic Cylinder,
Engineering Machinery, and Other), and By Regional (North America, Europe, Asia
Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
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Ken ResearchAnkur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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