China Hydraulic Cylinder Market Size & Outlook, 2021-2030
China hydraulic cylinder market, 2018-2030 (US$M)
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China hydraulic cylinder market highlights
- The China hydraulic cylinder market generated a revenue of USD 1,309.2 million in 2021 and is expected to reach USD 2,013.4 million by 2030.
- The China market is expected to grow at a CAGR of 4.9% from 2022 to 2030.
- In terms of segment, welded was the largest revenue generating product in 2021.
- Telescopic 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 1,309.2 million |
| Market revenue in 2030 | USD 2,013.4 million |
| Growth rate | 4.9% (CAGR from 2021 to 2030) |
| Largest segment | Welded |
| Fastest growing segment | Telescopic |
| 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, China accounted for 8.5% 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 |
|---|
China 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 57.28% in 2021. Horizon Databook has segmented the China hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
The economy of China expanded by 8.1% in 2021. According to the World Bank, the growth is projected to slow down to 5% in 2022. This is attributed to multiple factors such as a decline in domestic demand, the COVID-19 incursions, and the global economic slowdown.
which worsened significantly with the Russia-Ukraine conflict. China is aggressively increasing its renewable energy capacity to reduce its dependence on fossil fuels.
For instance, in October 2021, the government of China started building a massive renewable energy plant in the Gobi Desert.
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Target buyers of China hydraulic cylinder market databook
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Our clientele includes a mix of hydraulic cylinder market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 China hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into China hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China hydraulic cylinder market size, by product, 2018-2030 (US$M)
China Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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