Brazil Hydraulic Cylinder Market Size & Outlook, 2021-2030
Brazil hydraulic cylinder market, 2018-2030 (US$M)
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Brazil hydraulic cylinder market highlights
- The Brazil hydraulic cylinder market generated a revenue of USD 119.3 million in 2021 and is expected to reach USD 169.1 million by 2030.
- The Brazil 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 119.3 million |
| Market revenue in 2030 | USD 169.1 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, Brazil accounted for 0.8% 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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Brazil 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 54.23% in 2021. Horizon Databook has segmented the Brazil hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is among the key economies of Central & South America. The country registered 4.6% economic growth in 2021. According to the Brazilian government, the country is expected to register a growth rate of 1.5% in 2022. The slowdown in the country’s growth is attributed to high inflation, which is proving detrimental to the purchasing power of consumers, coupled with the global economic slowdown created by the COVID-19 pandemic & the Russia-Ukraine conflict.
The government is trying to propel the economic growth of the country by investing in various industries such as tourism, construction & infrastructure, energy, machine tooling, and transportation, which is expected to positively impact the hydraulic cylinder market.
For instance, in 2021, the Brazilian government invested USD 182.3 million in 762 infrastructure projects to improve the condition of tourist cities. Rising investment in renewable energy industry is another driver for the hydraulic cylinder market. For instance, in September 2022, Shell PLC launched its Shell Energy brand in the country. The company is expected to invest USD 570 million in renewables in the country by 2025.
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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 Brazil hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into Brazil hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil hydraulic cylinder market size, by product, 2018-2030 (US$M)
Brazil Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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