Market Research Future (MRFR) has published a cooked research report on the “Global Single Acting Hydraulic Cylinder Market” that contains information from 2019 to 2032. The Single Acting Hydraulic Cylinder market is estimated to register a CAGR of 5.00% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Single Acting Hydraulic Cylinder market— KYB Corporation (Japan), Bosch Rexroth (Germany), Eaton (Ireland), SMC Corporation (Japan), HYDAC (Germany), Wipro Enterprises (India) and Jiangsu Hengli Hydraulic Co., Ltd. (China).
Single Acting Hydraulic Cylinder Market Highlights
The global Single Acting Hydraulic Cylinder market is accounted to register a CAGR of 5.00% during the forecast period and is estimated to reach USD 16.3 billion by 2032.
The industrial sector, which includes the building, mining, agricultural, automotive, aerospace and oil and gas industries, is a major factor in the market's need for hydraulic cylinders because they are widely used for lifting, pushing, pulling and steering applications. The need for hydraulic cylinders, which are essential for heavy lifting and earthmoving equipment, is fueled by investments in infrastructure projects, including roads, bridges, railroads and dams. Price wars, margin pressure and the need for constant innovation to maintain a competitive advantage are the results of fierce competition among multiple manufacturers and suppliers.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Single Acting Hydraulic Cylinder Market Trends
Segment Analysis
The global Single Acting Hydraulic Cylinder market has been segmented based on Function, Specification, Application, Bore Size and Industry.
On the basis of Function, the market is segmented into Single-acting and Double-acting. The Double-acting segment was attributed to holding the largest market share in 2023 as industrial furnaces, ship motors, steam engines, earthmoving machinery and other large-scale engines all use double-acting hydraulic cylinders.
Based on Specification, the global Single Acting Hydraulic Cylinder market has been segmented into Welded, Tie Rod, Telescopic and Mill Type. The Welded segment was expected to hold the largest market share in 2023. It is expected that these industries' growing use of welded hydraulic cylinders will contribute to the segment's expansion.
On the basis of Application, the market is segmented into Industrial and Mobile. The Mobile segment was attributed to holding the largest market share in 2023. Mobile cranes, telescopic loaders, loaders, excavators and other equipment frequently use hydraulic cylinders. Growing public and private sector investment in the aforementioned industries is driving the need for hydraulic cylinders in mobile applications.
Based on Bore Size, the global Single Acting Hydraulic Cylinder market has been segmented into <50 MM, 50-150 MM and >150 MM. The 50-150 MM segment was expected to hold the largest market share in 2023. This is due to the best power-to-size ratios seen in this range of hydraulic cylinder sizes.
On the basis of Industry, the market is segmented into Construction, Aerospace, Material Handling, Agriculture, Mining, Automotive, Marine, Oil & Gas and Others. The Construction segment was attributed to holding the largest market share in 2023. This is because it requires powerful machinery capable of moving, lifting and lowering items with efficiency
Regional Analysis
The global Single Acting Hydraulic Cylinder market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. North America consists of the US and Canada. The Europe Single Acting Hydraulic Cylinder market comprises of Germany, France, the UK, Italy, Spain and the rest of Europe. The Single Acting Hydraulic Cylinder market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea and the rest of Asia-Pacific. The Rest of the World Single Acting Hydraulic Cylinder market comprises of Middle East, Africa and Latin America.
The largest market share for Single Acting Hydraulic Cylinder was maintained by the North American regional sector. This is ascribed to rising industrial application investment. Furthermore, increased government initiatives to support the aerospace and defense sectors will improve product penetration in the area. Furthermore, an increasing number of large-scale sectors, such as construction, petrochemical, aerospace and defense & military, have made the deployment of material handling equipment necessary, which will further influence company dynamics.
Moreover, the Europe market has been persistently growing over the forecast period. It is anticipated that the decarbonization and rehabilitation of buildings throughout Europe will lead to a rise in the use of hydraulic-powered machinery, including trucks, cranes, bulldozers and excavators. Over the course of the projection period, this is anticipated to propel growth in Europe.
Additionally, in the last five years, the rapidly expanding emerging economies—primarily China and India in terms of infrastructure and economy—have significantly increased demand for hydraulic cylinders. These two countries are the major markets for hydraulic cylinders in the Asia-Pacific region. The rise in demand in the Asia-Pacific region has also made it the hub for Western markets to outsource the manufacture of their hydraulic cylinders.
Furthermore, the rest of the world's Single Acting Hydraulic Cylinder market is divided into the Middle East, Africa and Latin America. The expansion of industry and the construction of new infrastructure are directly related to the need for single-acting hydraulic cylinders. With the ongoing investment in manufacturing, construction and other businesses in these regions, there will be a growing demand for hydraulic systems.
Key Findings of the Study
- The global Single Acting Hydraulic Cylinder market is expected to reach USD 16.3 billion by 2032, at a CAGR of 5.00% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market as the rise in demand in the Asia-Pacific region has also made it the hub for Western markets to outsource the manufacture of their hydraulic cylinders.
- Based on Function, the Double-acting segment was attributed to holding the largest market in 2022.
- KYB Corporation (Japan), Bosch Rexroth (Germany), Eaton (Ireland), SMC Corporation (Japan), HYDAC (Germany), Wipro Enterprises (India) and Jiangsu Hengli Hydraulic Co., Ltd. (China) are the key market players.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.