Mexico Hydraulic Cylinder Market Size & Outlook, 2021-2030
Mexico hydraulic cylinder market, 2018-2030 (US$M)
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Mexico hydraulic cylinder market highlights
- The Mexico hydraulic cylinder market generated a revenue of USD 468.1 million in 2021 and is expected to reach USD 694.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.5% from 2022 to 2030.
- In terms of segment, welded was the largest revenue generating product in 2021.
- Telescopic 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 468.1 million |
| Market revenue in 2030 | USD 694.4 million |
| Growth rate | 4.5% (CAGR from 2021 to 2030) |
| Largest segment | Welded |
| Fastest growing segment | Telescopic |
| 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, Mexico accounted for 3.1% 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 North America, U.S. hydraulic cylinder market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,385.3 million by 2030.
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Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 50.2% in 2021. Horizon Databook has segmented the Mexico hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
As of May 2022, the Mexican economy is recovering from recession caused by the pandemic. Manufacturing and exports reached above their pre-pandemic levels in November 2021. The government of Mexico is trying to boost the growth of industries such as energy, railways, ports, construction, and highways & roads, which is anticipated to propel hydraulic cylinder demand in the country over the forecast period.
For instance, in October 2020, the government of Mexico announced a USD 14.2 billion infrastructure investment plan. The plan consists of various projects such as water treatment, ports, roads, and logistics and 50% of the investment for the energy sector. Investment of this kind is anticipated to boost the demand for hydraulic cylinders in the country. Owing to the increase in terminal traffic at ports, private players are investing in new equipment for handling the traffic.
For instance, in April 2022, SSA Mexico announced that they are going to invest USD 30 million to purchase two new Super Post Panamax Cranes for dock operations and 6 RTG yard cranes, which are expected to be installed in the second half of 2022. The increasing consumption of cranes in the country is expected to propel the demand for hydraulic cylinders over the coming years.
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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 country-level data and insights on the Mexico hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into Mexico hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico hydraulic cylinder market size, by product, 2018-2030 (US$M)
Mexico Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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