The North America Hydraulic Cylinder Market would witness market growth of 3.7% CAGR during the forecast period (2021-2027).
Hydraulic and pneumatic cylinders are hydraulic and pneumatic devices that convert fluid pressure energy into mechanical energy. Actuators, as they are often known, are frequently utilized in a variety of control devices. Hydraulic or pneumatic cylinders for straight motion, motors for turning motion, pendulum actuators for rotational motion, and other types of actuators are examples of actuators. The pneumatic cylinder converts the gas's pressure energy into mechanical energy by using compressed air as a supply.
One of the primary reasons driving the market's growth is the developing construction and mining sectors. Hydraulic cylinders are progressively being used in heavy machineries, such as backhoes, trenchers, asphalt laying machines, concrete cutting saws, and motor graders, as a result of rising industrialization and urbanization, particularly in emerging nations. Developments in the aerospace and defense sectors are also a major driver of market growth.
These cylinders regulate flaps, brakes, and landing gear in airplanes. They're also used in military equipment like thrust reversers, telehandlers, bomb loaders, and automated pallet and personnel door systems. The market is also benefiting from the increased mechanization and automation of agricultural equipment. To improve the overall productivity of various agricultural processes, farmers are progressively replacing traditional conventional tools with hydraulic devices. Other factors, including product innovation and the implementation of favorable government policies to boost infrastructure development, are expected to further propel the market.
The US market has controlled over the majority of the hydraulic cylinder market share. Different market participants have developed numerous dimensions and designs with extra features as a result of significant sales of hydraulic cylinders in the United States. Manufacturers are introducing goods that are built to endure a long time, require little maintenance, and remain rust-free for the duration of their lives. Product development, manufacturing facility investment, and research and development are becoming more important to hydraulic cylinder manufacturers in the United States. The United States also boasts a growing number of developing and prominent hydraulic cylinder producers, making it a leading market that is steadily growing.
Canada is also expected to take huge strides in capturing more revenue share of the hydraulic cylinder market. Over the forecast period, rising investment in the construction industry will increase technology demand. Furthermore, the government's increasing efforts to improve the aerospace and defense industries would increase product penetration in the country.
The US market dominated the North America Hydraulic Cylinder Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,658.7 million by 2027. The Canada market is estimated to grow at a CAGR of 6.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 5.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Hydraulic Cylinder Market is Estimated to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Function
- Double-acting
- Single-acting
By Specification
- Welded
- Tie Rod
- Telescopic
- Mill Type
By Bore Size
By Application
By Industry
- Construction
- Aerospace
- Material Handling
- Mining
- Agriculture
- Automotive
- Marine
- Oil & Gas
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- HYDAC International GmbH
TABLE 1 North America Hydraulic Cylinder Market, 2017 - 2020, USD Million
TABLE 2 North America Hydraulic Cylinder Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Hydraulic Cylinder Market
TABLE 4 Product Launches And Product Expansions – Hydraulic Cylinder Market
TABLE 5 Acquisition and Mergers – Hydraulic Cylinder Market
TABLE 6 Geographical Expansions – Hydraulic Cylinder Market
TABLE 7 North America Hydraulic Cylinder Market by Function, 2017 - 2020, USD Million
TABLE 8 North America Hydraulic Cylinder Market by Function, 2021 - 2027, USD Million
TABLE 9 North America Double-acting Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Double-acting Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Single-acting Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Single-acting Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Hydraulic Cylinder Market by Specification, 2017 - 2020, USD Million
TABLE 14 North America Hydraulic Cylinder Market by Specification, 2021 - 2027, USD Million
TABLE 15 North America Welded Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Welded Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Tie Rod Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Tie Rod Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Telescopic Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Telescopic Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Mill Type Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Mill Type Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Hydraulic Cylinder Market by Bore Size, 2017 - 2020, USD Million
TABLE 24 North America Hydraulic Cylinder Market by Bore Size, 2021 - 2027, USD Million
TABLE 25 North America 50–150 MM Market by Country, 2017 - 2020, USD Million
TABLE 26 North America 50–150 MM Market by Country, 2021 - 2027, USD Million
TABLE 27 North America <50 MM Market by Country, 2017 - 2020, USD Million
TABLE 28 North America <50 MM Market by Country, 2021 - 2027, USD Million
TABLE 29 North America >150 MM Market by Country, 2017 - 2020, USD Million
TABLE 30 North America >150 MM Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Hydraulic Cylinder Market by Application, 2017 - 2020, USD Million
TABLE 32 North America Hydraulic Cylinder Market by Application, 2021 - 2027, USD Million
TABLE 33 North America Mobile Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Mobile Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Industrial Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Industrial Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Hydraulic Cylinder Market by Industry, 2017 - 2020, USD Million
TABLE 38 North America Hydraulic Cylinder Market by Industry, 2021 - 2027, USD Million
TABLE 39 North America Construction Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Construction Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Aerospace Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Aerospace Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Material Handling Market by Country, 2017 - 2020, USD Million
TABLE 44 North America Material Handling Market by Country, 2021 - 2027, USD Million
TABLE 45 North America Mining Market by Country, 2017 - 2020, USD Million
TABLE 46 North America Mining Market by Country, 2021 - 2027, USD Million
TABLE 47 North America Agriculture Market by Country, 2017 - 2020, USD Million
TABLE 48 North America Agriculture Market by Country, 2021 - 2027, USD Million
TABLE 49 North America Automotive Market by Country, 2017 - 2020, USD Million
TABLE 50 North America Automotive Market by Country, 2021 - 2027, USD Million
TABLE 51 North America Marine Market by Country, 2017 - 2020, USD Million
TABLE 52 North America Marine Market by Country, 2021 - 2027, USD Million
TABLE 53 North America Oil & Gas Market by Country, 2017 - 2020, USD Million
TABLE 54 North America Oil & Gas Market by Country, 2021 - 2027, USD Million
TABLE 55 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 56 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 57 North America Hydraulic Cylinder Market by Country, 2017 - 2020, USD Million
TABLE 58 North America Hydraulic Cylinder Market by Country, 2021 - 2027, USD Million
TABLE 59 US Hydraulic Cylinder Market, 2017 - 2020, USD Million
TABLE 60 US Hydraulic Cylinder Market, 2021 - 2027, USD Million
TABLE 61 US Hydraulic Cylinder Market by Function, 2017 - 2020, USD Million
TABLE 62 US Hydraulic Cylinder Market by Function, 2021 - 2027, USD Million
TABLE 63 US Hydraulic Cylinder Market by Specification, 2017 - 2020, USD Million
TABLE 64 US Hydraulic Cylinder Market by Specification, 2021 - 2027, USD Million
TABLE 65 US Hydraulic Cylinder Market by Bore Size, 2017 - 2020, USD Million
TABLE 66 US Hydraulic Cylinder Market by Bore Size, 2021 - 2027, USD Million
TABLE 67 US Hydraulic Cylinder Market by Application, 2017 - 2020, USD Million
TABLE 68 US Hydraulic Cylinder Market by Application, 2021 - 2027, USD Million
TABLE 69 US Hydraulic Cylinder Market by Industry, 2017 - 2020, USD Million
TABLE 70 US Hydraulic Cylinder Market by Industry, 2021 - 2027, USD Million
TABLE 71 Canada Hydraulic Cylinder Market, 2017 - 2020, USD Million
TABLE 72 Canada Hydraulic Cylinder Market, 2021 - 2027, USD Million
TABLE 73 Canada Hydraulic Cylinder Market by Function, 2017 - 2020, USD Million
TABLE 74 Canada Hydraulic Cylinder Market by Function, 2021 - 2027, USD Million
TABLE 75 Canada Hydraulic Cylinder Market by Specification, 2017 - 2020, USD Million
TABLE 76 Canada Hydraulic Cylinder Market by Specification, 2021 - 2027, USD Million
TABLE 77 Canada Hydraulic Cylinder Market by Bore Size, 2017 - 2020, USD Million
TABLE 78 Canada Hydraulic Cylinder Market by Bore Size, 2021 - 2027, USD Million
TABLE 79 Canada Hydraulic Cylinder Market by Application, 2017 - 2020, USD Million
TABLE 80 Canada Hydraulic Cylinder Market by Application, 2021 - 2027, USD Million
TABLE 81 Canada Hydraulic Cylinder Market by Industry, 2017 - 2020, USD Million
TABLE 82 Canada Hydraulic Cylinder Market by Industry, 2021 - 2027, USD Million
TABLE 83 Mexico Hydraulic Cylinder Market, 2017 - 2020, USD Million
TABLE 84 Mexico Hydraulic Cylinder Market, 2021 - 2027, USD Million
TABLE 85 Mexico Hydraulic Cylinder Market by Function, 2017 - 2020, USD Million
TABLE 86 Mexico Hydraulic Cylinder Market by Function, 2021 - 2027, USD Million
TABLE 87 Mexico Hydraulic Cylinder Market by Specification, 2017 - 2020, USD Million
TABLE 88 Mexico Hydraulic Cylinder Market by Specification, 2021 - 2027, USD Million
TABLE 89 Mexico Hydraulic Cylinder Market by Bore Size, 2017 - 2020, USD Million
TABLE 90 Mexico Hydraulic Cylinder Market by Bore Size, 2021 - 2027, USD Million
TABLE 91 Mexico Hydraulic Cylinder Market by Application, 2017 - 2020, USD Million
TABLE 92 Mexico Hydraulic Cylinder Market by Application, 2021 - 2027, USD Million
TABLE 93 Mexico Hydraulic Cylinder Market by Industry, 2017 - 2020, USD Million
TABLE 94 Mexico Hydraulic Cylinder Market by Industry, 2021 - 2027, USD Million
TABLE 95 Rest of North America Hydraulic Cylinder Market, 2017 - 2020, USD Million
TABLE 96 Rest of North America Hydraulic Cylinder Market, 2021 - 2027, USD Million
TABLE 97 Rest of North America Hydraulic Cylinder Market by Function, 2017 - 2020, USD Million
TABLE 98 Rest of North America Hydraulic Cylinder Market by Function, 2021 - 2027, USD Million
TABLE 99 Rest of North America Hydraulic Cylinder Market by Specification, 2017 - 2020, USD Million
TABLE 100 Rest of North America Hydraulic Cylinder Market by Specification, 2021 - 2027, USD Million
TABLE 101 Rest of North America Hydraulic Cylinder Market by Bore Size, 2017 - 2020, USD Million
TABLE 102 Rest of North America Hydraulic Cylinder Market by Bore Size, 2021 - 2027, USD Million
TABLE 103 Rest of North America Hydraulic Cylinder Market by Application, 2017 - 2020, USD Million
TABLE 104 Rest of North America Hydraulic Cylinder Market by Application, 2021 - 2027, USD Million
TABLE 105 Rest of North America Hydraulic Cylinder Market by Industry, 2017 - 2020, USD Million
TABLE 106 Rest of North America Hydraulic Cylinder Market by Industry, 2021 - 2027, USD Million
TABLE 107 Key Information – Wipro Limited
TABLE 108 key information – Caterpillar, Inc.
TABLE 109 Key Information – PARKER-HANNIFIN CORPORATION
TABLE 110 Key Information – Standex International Corporation
TABLE 111 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 112 Key Information – SMC Corporation
TABLE 113 Key Information – KYB Corporation
TABLE 114 Key Information – Enerpac Tool Group Corp.
TABLE 115 Key Information – Ligon Industries, LLC
TABLE 116 Key Information – HYDAC International GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Recent strategies and developments: Parker Hannifin Corporation
FIG 5 Recent strategies and developments: Enerpac Tool Group Corp.