Argentina Hydraulic Cylinder Market Size & Outlook
Argentina hydraulic cylinder market, 2018-2030 (US$M)
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Argentina hydraulic cylinder market highlights
- The Argentina hydraulic cylinder market generated a revenue of USD 43.1 million in 2021 and is expected to reach USD 62.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.1% from 2022 to 2030.
- In terms of segment, welded was the largest revenue generating product in 2021.
- Mill Type is the most lucrative product segment registering the fastest growth during the forecast period.
Hydraulic cylinder market data book summary
| Market revenue in 2021 | USD 43.1 million |
| Market revenue in 2030 | USD 62.1 million |
| Growth rate | 4.1% (CAGR from 2021 to 2030) |
| Largest segment | Welded |
| Fastest growing segment | Mill Type |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Welded, Tie Rod, Telescopic, Mill Type |
| Key market players worldwide | Eaton Vance Atlanta Capital SMID-Cap I, SMC Corp, Parker Hannifin Corp, Caterpillar Inc, Leggett & Platt Inc, Miller Industries Inc, Texas Instruments Inc, Bosch, Jiangsu Hengli Hydraulic, Liebherr Group, Lehigh Fluid Power, Weber Hydraulik, Yates Industries Inc., |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.3% of the global hydraulic cylinder market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil hydraulic cylinder market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 62.1 million by 2030.
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Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 54.06% in 2021. Horizon Databook has segmented the Argentina hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina’s economy was negatively impacted by the COVID-19 pandemic in 2020. The country’s GDP declined by 9.9%, the largest retraction since 2002. However, the governments’ efforts toward economic growth by investing in various industries such as construction, infrastructure, tourism, fishing, and transport have helped in the recovery.
Upcoming investments in infrastructure & construction development are expected to positively influence the hydraulic cylinder market in Argentina over the forecast period. For instance, in November 2021, the Buenos Aires province of Argentina announced to invest ARP 260 billion (USD 2.6 billion) toward infrastructure and housing. The country is inviting private players to build renewable energy plants, such as wind and solar, in the country.
For instance, in April 2022, Genneia announced to invest USD 200 million in the country for the development of a renewable energy park in the next two years. The company is going to build the La Elbita wind farm in Buenos Aires, which is expected to have a 103.5MW capacity. This type of investment is expected to positively influence the hydraulic cylinder market over the forecast period.
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Our clientele includes a mix of hydraulic cylinder market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into Argentina hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina hydraulic cylinder market size, by product, 2018-2030 (US$M)
Argentina Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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