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., |
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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 to fund industrial transformation taking place in Germany between 2022 and 2026.
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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