Global Hydraulic Cylinder Market Size & Outlook, 2021-2030

The hydraulic cylinder industry worldwide is expected to reach a projected revenue of US$ 22,163.5 million by 2030. A compound annual growth rate of 4.2% is expected of the worldwide hydraulic cylinder industry from 2022 to 2030.
Revenue, 2021 (US$M)
$15,317.7
Forecast, 2030 (US$M)
$22,163.5
CAGR, 2022 - 2030
4.2%
Report Coverage
Worldwide

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 2021USD 15,317.7 million
Market revenue in 2030USD 22,163.5 million
Growth rate4.2% (CAGR from 2021 to 2030)
Largest segmentWelded
Fastest growing segmentTelescopic
Historical data covered2018 - 2020
Base year for estimation2021
Forecast period covered2022 - 2030
Quantitative unitsRevenue in USD million
Market segmentationWelded, 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 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
      • Marine & Offshore
        • Propulsion System Engineering
        • Offshore Cranes
        • Others
    • Industrial
      • Steel Plant Equipment
      • Pulp & Paper Machinery
      • Others
    • Energy & Power
    • Others

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Target buyers of Global hydraulic cylinder market databook

  • Our clientele includes a mix of hydraulic cylinder market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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)

Global hydraulic cylinder market size, by regions, 2018-2030 (US$M)

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