How has the hydraulic cylinder market evolved, and where is it heading next?
The hydraulic cylinder market size has grown strongly in recent years. It will grow from $19.3 billion in 2024 to $20.34 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to industrial growth, automation trends, infrastructure development, mining and exploration activities, manufacturing sector dynamics, energy sector investments.
The hydraulic cylinder market size is expected to see strong growth in the next few years. It will grow to $25.6 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing automation, renewable energy expansion, urbanization and construction boom, focus on sustainability, mining industry resilience. Major trends in the forecast period include advanced material adoption, smart hydraulic systems, environmental sustainability, customization for diverse industries, energy-efficient solutions, integration of robotics and automation.
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Which major factors have contributed to the expansion of the hydraulic cylinder market?
The significant increase in demand from the construction industry is expected to drive the growth of the hydraulic cylinder market. Since construction projects are becoming more complex with higher demand for infrastructure, the construction industry has been the most affected industry by the development of and implementation of hydraulic technologies. For instance, according to the Ministry of Statistics and Programme Implementation, a ministry of the Government of India concerned with coverage and quality aspects of statistics released, the construction industry is expected to rise in double digits in FY22, rebounding from an 8.6% decline last year, thanks to the base effect and the economy’s forecast 9.2% expansion. The significant increase in demand from the construction industry is likely to drive the growth of the hydraulic cylinder market.
How is the hydraulic cylinder market segmented?
The hydraulic cylinder market covered in this report is segmented –
1) By Function: Single Acting Hydraulic Cylinder, Double Acting Hydraulic Cylinder
2) By Specification: Telescopic Cylinder, Tie Rod Cylinder, Mill Type Cylinder, Welded Cylinder
3) By Bore Size: Less Than 50 MM, 50 to 150 MM, Greater Than 150 MM
4) By Application: Industrial Equipment, Mobile Equipment
5) By End-User: Construction, Aerospace And Defense, Material Handling, Agriculture, Automotive, Mining, Oil And Gas, Marine, Other End-Users
Subsegments:
1) By Single Acting Hydraulic Cylinder: Spring Return Single Acting Cylinders, Gravity Return Single Acting Cylinders
2) By Double Acting Hydraulic Cylinder: Standard Double Acting Cylinders, Cushioning Double Acting Cylinders, Double Acting Telescopic Cylinders
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Who are the top competitors in the hydraulic cylinder market?
Major companies operating in the hydraulic cylinder market include Caterpillar Inc., Linde plc, Eaton Corporation, Parker-Hannifin Corporation, Liebherr Group, Kawasaki Heavy Industries Ltd., Wipro Infrastructure Engineering (WIN), Bosch Rexroth, SMC Corporation, HYDAC International GmbH, The Jiangsu Hengli Hydraulic Co. Ltd., Taiyo Ltd., Enerpac Tool Group, Sun Hydraulics LLC, Texas Hydraulics Inc., Prince Manufacturing Corporation, Ligon Industries LLC, Zenith Hydromatic, LEO engineers, Spareage Hydro, Kangaroo Hydraulics Private Limited, Swapnapoorti Hydraulics, KYB Americas Corporation
Which key trends are expected to influence the hydraulic cylinder market in the coming years?
Product innovation is a key trend gaining popularity in the hydraulic cylinder market. Many companies operating in the hydraulic cylinder market are looking for the new innovative products to strengthen their position in the market. For instance, in September 2024, Idroteck, an Italy-based manufacturer of hydraulic components, launched new database of BIM models for its hydraulic compact cylinders, powered by CADENAS. This launch aims to enhance the design process for engineers and designers by offering easy access to accurate 3D models of Idroteck’s products. The database features a user-friendly interface, allowing users to search and download models in various formats compatible with different CAD software. By integrating these models into their designs, users can streamline workflows and improve project efficiency, reflecting Idroteck’s commitment to supporting the engineering community and driving innovation.
Which regional trends are influencing the hydraulic cylinder market, and which area dominates the industry?
The countries covered in the hydraulic cylinder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Hydraulic Cylinder Market Report 2025 Offer?
The hydraulic cylinder market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Hydraulic cylinders refer to actuation devices that use pressurized hydraulic fluid to produce linear motion and force. It is a mechanical actuator that gives a unidirectional force through a unidirectional stroke.
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