UK Hydraulic Cylinder Market Size & Outlook, 2021-2030
UK hydraulic cylinder market, 2018-2030 (US$M)
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UK hydraulic cylinder market highlights
- The UK hydraulic cylinder market generated a revenue of USD 960.7 million in 2021 and is expected to reach USD 1,330.2 million by 2030.
- The UK 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 960.7 million |
| Market revenue in 2030 | USD 1,330.2 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, UK accounted for 6.3% 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 Europe, UK hydraulic cylinder market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,330.2 million by 2030.
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Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 55.2% in 2021. Horizon Databook has segmented the UK hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
The economy of the UK contracted by 9.4% in 2020 owing to the COVID-19 pandemic, while it registered a growth rate of 7.5% in 2021. However, the economy of the country shrank by 0.1% in March 2022 owing to the subsequent supply chain problems, energy price spikes, compounded inflation, and war in Ukraine.
The Government of the UK is trying to propel the economic growth of the country by investing significantly in various industries such as construction & infrastructure, energy, transportation, and tourism. For instance, in September 2021, the Government of the UK announced an approximately USD 900 billion (GBP 650 billion) infrastructure investment plan for a span of 10 years. This is expected to fuel the growth of hydraulic cylinder market in the country in the coming years.
The UK is investing increasingly in expanding its electricity production capacity from renewable energy sources. It aims to fulfill two-thirds of its electricity requirements from renewable energy sources by 2030, thereby positively impacting wind energy installations in the country over the forecast period. The surging demand for hydraulic cylinders from rental service companies for the replacement of malfunctioned hydraulic cylinders has pushed manufacturers of hydraulic cylinder to expand their production capacity.
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Target buyers of UK 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 UK hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into UK hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK hydraulic cylinder market size, by product, 2018-2030 (US$M)
UK Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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