Middle East & Africa Hydraulic Cylinder Market Size & Outlook

The hydraulic cylinder market in Middle East & Africa is expected to reach a projected revenue of US$ 1,389.5 million by 2030. A compound annual growth rate of 4.1% is expected of Middle East & Africa hydraulic cylinder market from 2022 to 2030.
Revenue, 2021 (US$M)
$964.4
Forecast, 2030 (US$M)
$1,389.5
CAGR, 2022 - 2030
4.1%
Report Coverage
Middle East & Africa

MEA hydraulic cylinder market highlights

  • The MEA hydraulic cylinder market generated a revenue of USD 964.4 million in 2021.
  • The 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.
  • Country-wise, Saudi Arabia is expected to register the highest CAGR from 2022 to 2030.


MEA data book summary

Market revenue in 2021USD 964.4 million
Market revenue in 2030USD 1,389.5 million
Growth rate4.1% (CAGR from 2021 to 2030)
Largest segmentWelded
Fastest growing segmentMill Type
Historical data covered2018 - 2020
Base year for estimation2021
Forecast period covered2022 - 2030
Quantitative unitsRevenue in USD million
Market segmentationWelded, Tie Rod, Telescopic, Mill Type
Key market players worldwideEaton 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, MEA region accounted for 6.3% 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 segmentation & scope
Welded
Tie Rod
Telescopic
Mill Type
Double-Acting
Single-Acting
Mining trucks
Loaders
Excavators
Others
Crawler Cranes
Trailer Mounted Cranes
Truck Mounted Cranes
Others
Forklifts
Telescopic Loaders
Others
Propulsion System Engineering
Offshore Cranes
Others
Steel Plant Equipment
Pulp & Paper Machinery
Others
Energy & Power
Others

Hydraulic Cylinder Market Companies

Name Profile # Employees HQ Website

Middle East & Africa 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 54.2% in 2021. Horizon Databook has segmented the Middle East & Africa hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.


For instance, in February 2021, the UAE government announced to invest USD 3.2 billion in the state funded development projects, which include the development of 70 government buildings, 17 health facilities, 12 educational facilities, and 26 buildings for the UAE’s Ministry of Interior. 

Key private players in the energy market are investing in the Middle East & Africa to increase their shares in renewable energy industry.

For instance, Siemens Gamesa Renewable Energy S.A. is building a 59 MW wind farm on a 395-hectare site in Djibouti.

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Target buyers of Middle East & Africa hydraulic cylinder market databook

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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa hydraulic cylinder market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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MEA hydraulic cylinder market size, by country, 2018-2030 (US$M)

Middle East & Africa Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)

MEA hydraulic cylinder market size, by country, 2018-2030 (US$M)

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