Germany Hydraulic Cylinder Market Size & Outlook
Germany hydraulic cylinder market, 2018-2030 (US$M)
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Germany hydraulic cylinder market highlights
- The Germany hydraulic cylinder market generated a revenue of USD 1,004.4 million in 2021 and is expected to reach USD 1,315.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 3% 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 1,004.4 million |
| Market revenue in 2030 | USD 1,315.1 million |
| Growth rate | 3% (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, Germany accounted for 6.6% 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 Europe, UK hydraulic cylinder market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,330.2 million by 2030.
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Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 53.41% in 2021. Horizon Databook has segmented the Germany hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
As of May 2022, Germany was still suffering from the negative impact of the COVID-19 pandemic and was yet to achieve the pre-pandemic level of GDP growth. However, the GDP of the country is projected to grow by 2.2% owing to the negative impact of the Russia-Ukraine conflict. The government of the country is investing increasingly in the revival of its manufacturing industry that is expected to improve the demand for hydraulic cylinders in Germany over the forecast period.
In February 2022, the government of the country announced that it will invest approximately USD 220 billion (EUR 200 billion) to fund industrial transformation taking place in Germany between 2022 and 2026, including the development of hydrogen technology and the increased production of electric vehicles, along with ensuring climate protection.
This industrial transformation is expected to contribute to the economy of the country, thereby fueling the demand for industrial equipment. This is expected to have a positive impact on the growth of hydraulic cylinder market in Germany in the coming years. With increasing energy requirements and growing emphasis on reducing the dependence of Germany on gas supply from Russia, the country is looking for alternative energy sources such as wind and hydroelectricity.
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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 Germany hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into Germany hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany hydraulic cylinder market size, by product, 2018-2030 (US$M)
Germany Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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