Global Hydraulic Cylinder Market Size & Outlook, 2021-2030
Global hydraulic cylinder market, 2018-2030 (US$M)
Related Markets
Global hydraulic cylinder market highlights
- The global hydraulic cylinder market generated a revenue of USD 15,317.7 million in 2021 and is expected to reach USD 22,163.5 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 4.2% by 2030.
- In terms of segment, welded accounted for a revenue of USD 8,297.3 million in 2021.
- Telescopic is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Germany is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 15,317.7 million |
| Market revenue in 2030 | USD 22,163.5 million |
| Growth rate | 4.2% (CAGR from 2021 to 2030) |
| Largest segment | Welded |
| Fastest growing segment | Telescopic |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Welded, Tie Rod, Telescopic, Mill Type |
Other key industry trends
- In terms of revenue, the North America accounted for 30.6% of the global hydraulic cylinder market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,315.1 million by 2030.
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Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global hydraulic cylinder market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydraulic cylinder market will help companies and investors design strategic landscapes.
Welded was the largest segment with a revenue share of 54.17% in 2021. Horizon Databook has segmented the Global hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Hydraulic Cylinder Product Outlook (Revenue, USD Million, 2018-2030)
- Welded
- Tie Rod
- Telescopic
- Mill Type
- Global Hydraulic Cylinder Function Outlook (Revenue, USD Million, 2018-2030)
- Double-Acting
- Single-Acting
- Global Hydraulic Cylinder Application Outlook (Revenue, USD Million, 2018-2030)
- Mobile
- Off-Highway Machinery
- Mining trucks
- Loaders
- Excavators
- Others
- Material Handling
- Mobile Cranes
- Crawler Cranes
- Trailer Mounted Cranes
- Truck Mounted Cranes
- Others
- Forklifts
- Telescopic Loaders
- Others
- Mobile Cranes
- Marine & Offshore
- Propulsion System Engineering
- Offshore Cranes
- Others
- Off-Highway Machinery
- Industrial
- Steel Plant Equipment
- Pulp & Paper Machinery
- Others
- Energy & Power
- Others
- Mobile
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Target buyers of Global hydraulic cylinder market databook
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Our clientele includes a mix of hydraulic cylinder market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global hydraulic cylinder market , including forecasts for subscribers. This global databook contains high-level insights into Global hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global hydraulic cylinder market size, by regions, 2018-2030 (US$M)
Top 10 countries: Hydraulic cylinder market size, 2021 (US$M)
Global hydraulic cylinder market share, by product, 2021 & 2030 (%, US$M)
Hydraulic cylinder market: Opportunity assessment by country
Global hydraulic cylinder market, by region, 2021 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,997.3 | 5,240.3 | 4,490.0 | 4,687.5 | 4,849.7 | 5,031.1 | 5,239.4 | 5,474.8 | 5,740.4 | 6,029.9 | 6,350.0 | 6,702.9 | 7,086.7 | 4.7% |
| Europe | 4,285.3 | 4,345.6 | 3,639.2 | 4,144.8 | 4,245.0 | 4,356.5 | 4,481.1 | 4,618.0 | 4,770.0 | 4,939.4 | 5,124.2 | 5,325.6 | 5,544.9 | 3.3% |
| Asia Pacific | 4,947.4 | 5,081.4 | 4,836.7 | 5,044.5 | 5,246.0 | 5,444.2 | 5,662.6 | 5,900.7 | 6,162.3 | 6,448.5 | 6,760.3 | 7,101.8 | 7,474.8 | 4.5% |
| Latin America | 488.1 | 512.9 | 461.2 | 476.5 | 493.1 | 510.7 | 529.4 | 549.3 | 570.4 | 592.6 | 616.3 | 641.1 | 667.6 | 3.8% |
| MEA | 1,020.1 | 1,068.4 | 939.7 | 964.4 | 992.6 | 1,024.7 | 1,060.8 | 1,101.5 | 1,147.0 | 1,197.9 | 1,254.9 | 1,318.5 | 1,389.5 | 4.1% |
| Overall | 15,738.1 | 16,248.7 | 14,366.7 | 15,317.7 | 15,826.4 | 16,367.1 | 16,973.2 | 17,644.3 | 18,390.1 | 19,208.3 | 20,105.7 | 21,089.9 | 22,163.5 | 4.2% |
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