Canada Hydraulic Cylinder Market Size & Outlook, 2021-2030
Canada hydraulic cylinder market, 2018-2030 (US$M)
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Canada hydraulic cylinder market highlights
- The Canada hydraulic cylinder market generated a revenue of USD 700.4 million in 2021 and is expected to reach USD 1,007.1 million by 2030.
- The Canada 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 700.4 million |
| Market revenue in 2030 | USD 1,007.1 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, Canada accounted for 4.6% 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 North America, U.S. hydraulic cylinder market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,385.3 million by 2030.
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Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 49.7% in 2021. Horizon Databook has segmented the Canada hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
The pandemic had a negative impact on Canada’s manufacturing operations, which affected the sales and production of hydraulic cylinders in the country in 2020. However, government efforts toward economic growth are anticipated to help the recovery of hydraulic cylinders’ demand, especially in industries such as infrastructure, transport, and energy.
For instance, Canada is looking to reduce its carbon emission and owing to this, it is investing in renewable energy. In June 2021, the Canadian government announced its plan to invest USD 964 million in renewable energy and upgrade its infrastructure. In addition, it is expected to invest in clean energy sources such as solar, wind, hydro, and geothermal.
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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 Canada hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into Canada hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada hydraulic cylinder market size, by product, 2018-2030 (US$M)
Canada Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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