Latin America Hydraulic Cylinder Market Size & Outlook
Latin America hydraulic cylinder market, 2018-2030 (US$M)
Related Markets
Latin America hydraulic cylinder market highlights
- The Latin America hydraulic cylinder market generated a revenue of USD 476.5 million in 2021.
- The market is expected to grow at a CAGR of 3.8% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 476.5 million |
| Market revenue in 2030 | USD 667.6 million |
| Growth rate | 3.8% (CAGR from 2021 to 2030) |
| Largest segment | Welded |
| Fastest growing segment | Mill Type |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Latin America region accounted for 3.1% of the global hydraulic cylinder market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 7,086.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 54.21% in 2021. Horizon Databook has segmented the Latin America 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 of Central & South America contracted by 8% in 2020 but it experienced growth of 6.2% in 2021. The negative GDP in 2020 was mainly attributed to the low baseline established because of the COVID-19 pandemic. Governments in the region are trying to stimulate their economies by providing relief packages to consumers and businesses. Countries across the region are investing significantly in infrastructure to propel economic growth.
For instance, in October 2021, the Chilean government introduced a budget for 2022, which allocated nearly CLP 202 billion (USD 250 million) for infrastructure development in the Los Rios region. Also, 83% of the fund was allocated for roadworks and the construction & renovation of airports, ports, rural water system, and other waterworks.
The investment in infrastructure is expected to propel the consumption of construction equipment and benefit the demand for hydraulic cylinders in the region. Private players are investing in the region to increase power generation capacity from renewables. For instance, in November 2021, Enel Chile announced an investment of USD 1.7 billion to construct renewable projects.
Reasons to subscribe to Latin America hydraulic cylinder market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America hydraulic cylinder market databook
-
Our clientele includes a mix of hydraulic cylinder market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 continent-level data and insights on the Latin America hydraulic cylinder market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America hydraulic cylinder market size, by country, 2018-2030 (US$M)
Latin America Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
