India Hydraulic Cylinder Market Size & Outlook, 2021-2030
India hydraulic cylinder market, 2018-2030 (US$M)
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India hydraulic cylinder market highlights
- The India hydraulic cylinder market generated a revenue of USD 751.7 million in 2021 and is expected to reach USD 1,170.4 million by 2030.
- The India market is expected to grow at a CAGR of 5% 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 751.7 million |
| Market revenue in 2030 | USD 1,170.4 million |
| Growth rate | 5% (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, India accounted for 4.9% 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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India 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% in 2021. Horizon Databook has segmented the India hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
India is among the fastest-growing economies in the world and is witnessing positive economic growth owing to the rising government initiatives such as Make in India & Atmanirbhar Bharat, which, in turn, are promoting the country’s manufacturing & infrastructure sector and encouraging FDIs. This is expected to augment the growth of equipment manufacturing and boost the demand for hydraulic cylinders in the country.
The Indian government is heavily investing in renewable energy to reduce carbon emissions and its dependence on fossil fuels. For instance, in September 2021, the government announced to add 30 gigawatts of wind energy by 2030. It is planning to provide viability gap funding or grants for offshore wind projects. This is projected to have a positive impact on the market growth as more offshore cranes and wind turbines are likely to be required in line with increasing wind energy capacity.
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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 India hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into India hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India hydraulic cylinder market size, by product, 2018-2030 (US$M)
India Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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