Middle East & Africa Hydraulic Cylinder Market Size & Outlook
Middle East & Africa hydraulic cylinder market, 2018-2030 (US$M)
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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 2021 | USD 964.4 million |
| Market revenue in 2030 | USD 1,389.5 million |
| Growth rate | 4.1% (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, 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
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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. The investment in wind energy is anticipated to increase the demand for hydraulic cylinders in the Middle East & Africa. Countries including Chad, Mali, Mauritania, Nigeria, and Uganda registered the biggest increases in defense spending. The increasing budget for the advancement of defense equipment is expected to positively impact hydraulic cylinder demand in the region.
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Target buyers of Middle East & Africa 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 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)
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