Saudi Arabia Hydraulic Cylinder Market Size & Outlook
Saudi Arabia hydraulic cylinder market, 2018-2030 (US$M)
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Saudi Arabia hydraulic cylinder market highlights
- The Saudi Arabia hydraulic cylinder market generated a revenue of USD 86.4 million in 2021 and is expected to reach USD 119.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.7% 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.
Hydraulic cylinder market data book summary
| Market revenue in 2021 | USD 86.4 million |
| Market revenue in 2030 | USD 119.8 million |
| Growth rate | 3.7% (CAGR from 2021 to 2030) |
| Largest segment | Welded |
| Fastest growing segment | Mill Type |
| 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, Saudi Arabia accounted for 0.6% 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 Middle East & Africa, South Africa hydraulic cylinder market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 119.8 million by 2030.
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Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 54.28% in 2021. Horizon Databook has segmented the Saudi Arabia hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia’s economy expanded by 6.7% in 2021 and according to World Bank, the country is expected to register a growth rate of 7% in 2022. The high prices of oil & gas have strengthened the country’s medium-term fiscal and external outlook. The country is investing heavily in various industries such as infrastructure, tourism, and energy to diversify its income sources.
For instance, in October 2021, the country announced to invest over USD 1 trillion in tourism sector over the next 10 years, which is expected to propel construction activities in hospitality and retail industries. This is projected to have a positive impact on the hydraulic cylinder market in the country. Similarly, in October 2021, the country launched the National Infrastructure Fund worth USD 53.2 billion for the next 10 years.
This fund is expected to be used to invest in numerous areas such as transportation, water, energy, and health. This type of heavy investment is expected to increase the consumption of construction equipment and material handling equipment in the country, in turn, augmenting the growth of the hydraulic cylinder market over the forecast period.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia hydraulic cylinder market size, by product, 2018-2030 (US$M)
Saudi Arabia Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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