South Africa Hydraulic Cylinder Market Size & Outlook
South Africa hydraulic cylinder market, 2018-2030 (US$M)
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South Africa hydraulic cylinder market highlights
- The South Africa hydraulic cylinder market generated a revenue of USD 114.8 million in 2021 and is expected to reach USD 155.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.4% 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 114.8 million |
| Market revenue in 2030 | USD 155.2 million |
| Growth rate | 3.4% (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, South Africa accounted for 0.7% 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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South 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 54.18% in 2021. Horizon Databook has segmented the South Africa hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
The country’s industrial growth rate is expected to be sluggish in 2022 owing to political turmoil, power shortage, rising input cost, and low vaccination, which has resulted in a decline in industrial production in Q3 2021. In June 2021, the Department of Tourism announced SAR 537 million (USD 36 million) for tourism infrastructure projects.
These projects are expected to focus on the development of villages, townships, and Small Dorpies, in turn, propelling the demand for various hydraulic cylinder-based construction equipment such as cranes, excavators, dump trucks, and loaders. In South Africa, 80% of the electricity is produced from coal.
To reduce this dependence, the country is investing in renewable energy. For instance, in December 2021, the South African government awarded 25 contracts for renewable energy projects. These projects consist of 12 wind farms and 13 photovoltaic plants, which are worth USD 2.8 billion and are anticipated to be completed by 2025.
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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 South Africa hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into South Africa hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa hydraulic cylinder market size, by product, 2018-2030 (US$M)
South Africa Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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