Australia Hydraulic Cylinder Market Size & Outlook
Australia hydraulic cylinder market, 2018-2030 (US$M)
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Australia hydraulic cylinder market highlights
- The Australia hydraulic cylinder market generated a revenue of USD 285.7 million in 2021 and is expected to reach USD 401.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 3.9% 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 285.7 million |
| Market revenue in 2030 | USD 401.5 million |
| Growth rate | 3.9% (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, Australia accounted for 1.9% 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 Asia Pacific, Japan hydraulic cylinder market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,170.4 million by 2030.
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Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 57.4% in 2021. Horizon Databook has segmented the Australia hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Reserve Bank of Australia, the country’s GDP expanded by 5% in 2021 and it is anticipated that the Australian economy will register a growth rate of 4.5% in 2022. Growing investments in infrastructural developments are expected to propel the demand for construction equipment and consequently benefit the growth of the hydraulic cylinder market over the forecast period.
In June 2021, the government announced a fund worth AUD 1.15 billion (USD 0.85 billion) for the construction of a new city center Bradfield. This fund is expected to be used in laying the foundation of Bradfield city, sewage, water, and electricity network. The city center is expected to become a hub of engineering, technology, and advanced manufacturing. This is expected to propel the demand for hydraulic cylinders in the country 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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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 country-level data and insights on the Australia hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into Australia hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia hydraulic cylinder market size, by product, 2018-2030 (US$M)
Australia Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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