Japan Hydraulic Cylinder Market Size & Outlook, 2021-2030
Japan hydraulic cylinder market, 2018-2030 (US$M)
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Japan hydraulic cylinder market highlights
- The Japan hydraulic cylinder market generated a revenue of USD 1,673.6 million in 2021 and is expected to reach USD 2,398.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.1% from 2022 to 2030.
- In terms of segment, welded was the largest revenue generating product in 2021.
- Mill Type 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 1,673.6 million |
| Market revenue in 2030 | USD 2,398.3 million |
| Growth rate | 4.1% (CAGR from 2021 to 2030) |
| Largest segment | Welded |
| Fastest growing segment | Mill Type |
| 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, Japan accounted for 10.9% 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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Japan 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 57.2% in 2021. Horizon Databook has segmented the Japan hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
Japan holds the largest share of Asia Pacific hydraulic cylinder market. The Japanese economy contracted by 4.5% in 2020 owing to the COVID-19 pandemic but in 2021, the country registered a GDP growth of 1.7%.
This growth is driven by the development of infrastructure, electrical goods, and construction industries, which is anticipated to benefit hydraulic cylinder consumption in the country over the coming years.
Japan has shifted its focus toward renewable energy to reduce its dependence on fossil fuels and minimize carbon emissions. In July 2021, the country set the target to generate 60% of the energy from renewables.
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Target buyers of Japan 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 Japan hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into Japan hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan hydraulic cylinder market size, by product, 2018-2030 (US$M)
Japan Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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