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.
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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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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 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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