Italy Hydraulic Cylinder Market Size & Outlook, 2021-2030
Italy hydraulic cylinder market, 2018-2030 (US$M)
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Italy hydraulic cylinder market highlights
- The Italy hydraulic cylinder market generated a revenue of USD 322.3 million in 2021 and is expected to reach USD 425.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 3.1% 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 322.3 million |
| Market revenue in 2030 | USD 425.4 million |
| Growth rate | 3.1% (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, Italy accounted for 2.1% 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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Italy 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 55.29% in 2021. Horizon Databook has segmented the Italy hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
The GDP growth rate of Italy plunged by 8.9% in 2020 owing to the impact of the COVID-19 pandemic. The country registered a GDP growth rate of 6.5% in 2021. However, it is yet to reach the pre-pandemic levels.
The Government of Italy focuses on fueling its economic growth, which is expected to augment the growth of hydraulic cylinder market in the country over the forecast period.
In November 2021, the Government of Italy came up with a new recovery and resilience plan to foster the economic growth of the country from 1.5% to 2.5% by 2026.
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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 Italy hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into Italy hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy hydraulic cylinder market size, by product, 2018-2030 (US$M)
Italy Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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