Market revenue in 2021 | USD 5,044.5 million |
Market revenue in 2030 | USD 7,474.8 million |
Growth rate | 4.5% (CAGR from 2021 to 2030) |
Largest segment | Welded |
Fastest growing segment | Mill Type |
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 |
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., |
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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 57.2% in 2021. Horizon Databook has segmented the Asia Pacific hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is one of the largest consumers of hydraulic cylinders in the world. Increasing requirement for hydraulic equipment in various industries, such as infrastructure & construction, automotive, renewables, machine tooling, and logistics, is anticipated to augment the demand for hydraulic cylinders over the forecast period.
The countries in the region are focusing to reduce their carbon emissions by shifting their attention toward renewable energy. For instance, Taiwan plans to generate 20% of its energy requirement from renewables by 2025.
For instance, in January 2022, the Indonesian parliament passed a law, the Capital City Bill, to build a new capital city in East Kalimantan province.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hydraulic cylinder market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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