North America Hydraulic Cylinder Market Size & Outlook
North America hydraulic cylinder market, 2018-2030 (US$M)
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North America hydraulic cylinder market highlights
- The North America hydraulic cylinder market generated a revenue of USD 4,687.5 million in 2021.
- The market is expected to grow at a CAGR of 4.7% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 4,687.5 million |
| Market revenue in 2030 | USD 7,086.7 million |
| Growth rate | 4.7% (CAGR from 2021 to 2030) |
| Largest segment | Welded |
| Fastest growing segment | Telescopic |
| 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, North America region accounted for 30.6% 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 |
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North 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 50.35% in 2021. Horizon Databook has segmented the North America hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
North America is one of the key regional markets for hydraulic cylinders. The GDP growth rate of the region plunged by 3.5% in 2020 owing to the COVID-19 pandemic. However, the GDP of the region reached the pre-pandemic level in December 2021. Countries in North America are focused on accelerating their economic growth rate by investing in infrastructure & construction, oil & gas, transportation, aviation, logistics, and shipping industries.
The growth of these industries is anticipated to augment the demand for hydraulic cylinders in North America over the forecast period. Countries across the region are investing in new oil & gas projects owing to the slump caused in fuel prices by the prevailing COVID-19 pandemic and the ongoing Russia-Ukraine conflict.
For instance, in April 2022, the Government of Canada approved the offshore oil project proposed by Equinor ASA. Similarly, in January 2022, the National Hydrocarbons Commission (CNH) of Mexico authorized onshore & offshore plans of Pemex Exploracion y Produccion S.A. de C.V. (PEP) involving an investment worth USD 800 million.
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Target buyers of North 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America hydraulic cylinder market , including forecasts for subscribers. This continent databook contains high-level insights into North America hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America hydraulic cylinder market size, by country, 2018-2030 (US$M)
North America Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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