South Korea Hydraulic Cylinder Market Size & Outlook
South Korea hydraulic cylinder market, 2018-2030 (US$M)
Related Markets
South Korea hydraulic cylinder market highlights
- The South Korea hydraulic cylinder market generated a revenue of USD 374.5 million in 2021 and is expected to reach USD 553.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.4% 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 374.5 million |
| Market revenue in 2030 | USD 553.5 million |
| Growth rate | 4.4% (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 Korea accounted for 2.4% 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 Asia Pacific, Japan hydraulic cylinder market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,170.4 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 57.25% in 2021. Horizon Databook has segmented the South Korea 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 government is investing heavily in industries, such as energy and infrastructure, which is anticipated to augment the demand for hydraulic cylinders over the forecasted timeframe. For instance, in November 2021, the country started constructing the world’s first floating city, which is expected to be completed by 2025.
The estimated construction cost of the city is around USD 195 million and it is likely to house 10,000 residents. This project is expected to increase the demand for cranes, excavators, backhoes, and loaders, which will increase the consumption of hydraulic cylinders in the said forecast period.
Under green projects, the government is anticipated to reduce its dependency on fossil fuels with investment in renewable energy, electric vehicles, eco-friendly buildings, and telemedicine. Such investments are expected to augment the need for machinery & equipment and benefit the demand for hydraulic cylinders.
Reasons to subscribe to South Korea hydraulic cylinder market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea hydraulic cylinder market databook
-
Our clientele includes a mix of hydraulic cylinder market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into South Korea hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea hydraulic cylinder market size, by product, 2018-2030 (US$M)
South Korea Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
