The Asia Pacific Hydraulic Cylinder Market would witness market growth of 4.7% CAGR during the forecast period (2021-2027).
Hydraulic cylinders are utilized in any application that requires linear force. They are also used in bending, tilting, and arcing applications, due to the employment of levers and booms. For industrial applications, they're used on presses, shears, clamps, and the like, while for mobile applications, they're used on booms, buckets, lifts, and the like. Hydraulic cylinder uses are numerous, and they will continue to thrive for decades to come due to the benefits of hydraulics, particularly on mobile gear.
Hydraulic cylinder actuators are generally built into control valves. It's important to make sure the valve is placed with the cylinder in the manufacturer's recommended position. Access facilities for maintenance and manual operation should be present when necessary. The diameter of the supply and return piping should be large enough to prevent excessive pressure drop, especially when a quick response is required in an emergency.
The hydraulic cylinders market is majorly driven by factors such as rising demand for cranes and considerations about reducing labor costs in developing countries such as India, China, Brazil, and others. Due to the sheer increased demand during mining operations, hydraulic cylinders larger than 151mm are commonly employed in automated equipment, transporters, robotic vehicles, and excavators. The market is growing due to an increase in investment in infrastructure-related activities and mine sites on development projects in countries like India and China.
China is a major player in the hydraulic cylinders market. China also provides raw materials for hydraulic cylinder production, which is why many large corporations have built up manufacturing operations throughout the country. Many countries, including the United States, Japan, Germany, and others, conduct business with China. The industry outlook will be boosted by rising demand for efficient components across numerous industries, as well as increased investment in manufacturing facility expansion.
Demand for hydraulic cylinders is expected to grow in the coming years. The market is supported by ongoing and planned industrial and infrastructure developments around the country, which are mostly financed by the government. It is unsurprising that India has the highest infrastructure spending in South Asia and the Pacific. India is a major market for hydraulic cylinders, and it is likely to continue to grow in demand in the coming years. Furthermore, the country's growing vital development activities, the presence of several significant companies, and expanding demand for agriculture and forestry equipment are offering appealing opportunities for hydraulic cylinder makers.
The China market dominated the Asia Pacific Hydraulic Cylinder Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,110.5 million by 2027. The Japan market is poised to grow at a CAGR of 4% during (2021 - 2027). Additionally, The India market would display a CAGR of 5.4% during (2021 - 2027).
Based on Function, the market is segmented into Double-acting, and Single-acting. Based on Specification, the market is segmented into Welded, Tie Rod, Telescopic, and Mill Type. Based on Bore Size, the market is segmented into 50–150 MM, <50 MM, and >150 MM. Based on Application, the market is segmented into Mobile, and Industrial. Based on Industry, the market is segmented into Construction, Aerospace, Material Handling, Mining, Agriculture, Automotive, Marine, Oil & Gas, AND Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Hydraulic Cylinder Market is Projected to reach USD 18.3 Billion by 2027, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wipro Limited, Caterpillar, Inc., Parker Hannifin Corporation, Standex International Corporation, Kawasaki Heavy Industries, Ltd., SMC Corporation, KYB Corporation, Enerpac Tool Group Corp., Ligon Industries, LLC, and HYDAC International GmbH.
By Function
By Specification
By Bore Size
By Application
By Industry
By Country
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