Latin America Hydraulic Cylinder Market Size & Outlook
Latin America hydraulic cylinder market, 2018-2030 (US$M)
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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.
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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.
Also, 83% of the fund was allocated for roadworks and the construction & renovation of airports, ports, rural water system, and other waterworks.
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Target buyers of Latin America 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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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 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.
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Latin America hydraulic cylinder market size, by country, 2018-2030 (US$M)
Latin America Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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