Global Hydraulic Cylinder Market is valued approximately USD 14.31 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.20% over the forecast period 2019-2026. Increasing demand for material handling equipment is the major factor driving the market growth. Apart from this, increased application of hydraulic cylinders in the construction industry and growing use of mining equipment are also contributing to the market growth. Moreover, hydraulic cylinder also finds its applications in various end-use verticals such as agriculture, marine, manufacturing along with many other industries. Technological advancement in industrial processes owing to the surge in many small commercial and industrial players in emerging economies tends to accelerate towards the growth of the market. However, high manufacturing and maintenance cost is a factor anticipated to hinder the market growth over the forecast period.

The regional analysis of Hydraulic Cylinder Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to account for the majority of the market share owing to the presence of many major players in the region along with technological advancement in agriculture and marine industry has led towards the growth of the market in the region.
Major market player included in this report are:
Bosch Rexroth
KYB Corporation
Parker Hannifin
SMC Corporation
Jiangsu Hengli Hydraulic
Wipro Enterprises

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Function:
Double-Acting Hydraulic Cylinders
Single-Acting Hydraulic Cylinders
By Specification:
Welded Cylinders
Tie-Rod Cylinders
Telescopic Cylinders
Mill-Type Cylinders
By Bore Size:
<50 MM
50–150 MM
>150 MM
By Industry:
Aerospace & Defense
Material Handling
Oil & Gas
By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Hydraulic Cylinder Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers