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 |
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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. The first phase is anticipated to construct a 100 gigawatts wind and solar energy plant, which later is expected to expand to 400 gigawatts. The first half of the plan is expected to be constructed by 2025.
Increasing demand for hydraulic cylinders from various industries, such as energy and construction, has pushed key market players to expand their production lines or set up new plants. For instance, in September 2021, Liebherr announced to have started construction of a plant in Dalian Site, China. The company moves forward with the expansion of the production of hydraulic cylinders, bearings, and drives. This plant is expected to cater to the demand for components from construction and wind industries.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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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