U.S. Hydraulic Cylinder Market Size & Outlook, 2021-2030
U.S. hydraulic cylinder market, 2018-2030 (US$M)
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U.S. hydraulic cylinder market highlights
- The U.S. hydraulic cylinder market generated a revenue of USD 3,519.0 million in 2021 and is expected to reach USD 5,385.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.8% 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.
Hydraulic cylinder market data book summary
| Market revenue in 2021 | USD 3,519.0 million |
| Market revenue in 2030 | USD 5,385.3 million |
| Growth rate | 4.8% (CAGR from 2021 to 2030) |
| Largest segment | Welded |
| Fastest growing segment | Telescopic |
| 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, U.S. accounted for 23.0% 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 North America, U.S. hydraulic cylinder market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,385.3 million by 2030.
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Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 50.5% in 2021. Horizon Databook has segmented the U.S. hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2018 to 2030.
U.S. is one of the major markets for hydraulic cylinders in the world, considering the presence of numerous machinery and equipment manufacturers in the country. The U.S. government is trying to propel the country's growth by investing significantly in various industries such as construction & infrastructure, energy, transportation, pharmaceutical & medicine, and EV infrastructure.
For instance, in November 2021, the U.S government signed a more than USD 1 trillion bipartisan infrastructure plan. Similarly, in September 2021, the U.S government announced that they are planning to bring USD 550 billion clean energy bill that is expected to modernize everything from power penetration to bus networks. This bill is anticipated to allocate USD 73 billion for clean energy generation such as wind and solar.
These types of investments are expected to positively impact the hydraulic cylinder market. In addition, in October 2021, the U.S government unveiled plans to build up to 7 major offshore wind farms. The government is targeting to produce 30 gigawatts of wind power by 2030. This decision is expected to propel the demand for offshore cranes and wind turbines in the country, which is expected to increase the consumption of hydraulic cylinders over the forecast period.
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Target buyers of U.S. 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 U.S. hydraulic cylinder market , including forecasts for subscribers. This country databook contains high-level insights into U.S. hydraulic cylinder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. hydraulic cylinder market size, by product, 2018-2030 (US$M)
U.S. Hydraulic Cylinder Market Outlook Share, 2021 & 2030 (US$M)
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