Hydraulic Cylinders Market to Reach $16.34 Bn, Globally, at 5.1% CAGR, Says Allied Market Research

Hydraulic Cylinders Market to Reach $16.34 Bn, Globally, at 5.1% CAGR, Says Allied Market Research

PR Newswire

PORTLAND, Oregon, November 16, 2018

PORTLAND, Oregon, November 16, 2018 /PRNewswire/ --

High labor costs in construction and mining activities and emergence of new & improved technologies are expected to propel the growth of the global hydraulic cylinders market  

Allied Market Research recently published a report on "Hydraulic Cylinders Market By Function (Single Acting Cylinder, And Double Acting Cylinder), Design (Tie-Rod Cylinders, And Welded Cylinders), And Bore Size (Less Than 50mm, 51mm To 100 Mm, 101mm To 150 Mm, And Greater Than 151 Mm): Global Opportunity Analysis And Industry Forecast, 2018-2025". The report offers detailed insights on the competitive landscape; key market segments; top investment pockets; drivers & opportunities; and business performances of key players. As per the report, the global hydraulic cylinders market accounted for $11.06 billion in 2017 and is expected to reach $16.34 billion 2025, with a CAGR of 5.1% during the period of 2018-2025.

     (Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg )

Increasing concerns regarding high labor cost in the construction and mining industry and emergence of new technology drive the growth of the global hydraulic cylinders market. However, high initial cost and frequent maintenance requirement hamper the market growth. On the contrary, launch of new and advanced technologies is expected to offer lucrative opportunities for the market players in the coming years.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5081

Double acting cylinders segment to portray highest demand through 2025 

The double acting cylinder segment held the largest share in 2017, contributing about three-fourths share of the total revenue. This is because double acting cylinder offers better range than single acting cylinder, thus offering more options of bore and stroke sizes. Moreover, the segment is expected to manifest the fastest CAGR of 5.2% during the forecast period. The single acting cylinder segment is also expected to continue its growth trend during the forecast period.

Welded cylinders segment holds lion's share through 2025 

The welded cylinders segment contributed the largest market share in 2017, holding about two-thirds of the total market revenue, as they offer advantages of being relatively easy to repair and have standardized specifications and off-the-shelf availability. In addition, the segment is expected to portray the fastest CAGR of 5.2% during the forecast period. The tie-rod cylinders segment is expected to manifest gradual growth during the study period.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5081

Prime bore sizes of hydraulic cylinders  

The 51mm to 100mm hydraulic cylinder segment witnessed the highest demand in 2017, contributing about 40% share of the market, owing to its wide range of applications. However, the 101mm to 150mm hydraulic cylinders is expected to register the fastest CAGR of 5.3% during the forecast period, owing to its application in a variety of industries such as construction, mining, material handling equipment, and agriculture. Moreover, these cylinders are easy to install and require less maintenance cost. The other sizes of hydraulic cylinders analyzed in the report include less than 50mm and greater than 151mm.

North America contributes largest market share 

In 2017, North America dominated the global hydraulic cylinders market, contributing about one-third of the market, owing to the presence of key companies and large use of material handling equipment. However, Asia-Pacific region is estimated to manifest the fastest CAGR of 6.6% through 2025, owing to the surge in construction & agricultural activities and increase in consumer awareness in Asian countries. The other regions analyzed in the report include Europe and Latin America, Middle East and Africa (LAMEA).

Torchbearers of the industry 

The report offers in-depth analysis of the key market players, including Actuant Corporation, Parker Hannifin Corporation, Jiangsu Hengli Hydraulic Co., Ltd., Kawasaki Heavy Industries, Jarp Industries, Bosch Rexroth AG, Eaton Corporation Plc, Caterpillar Inc., Wipro Enterprises Limited, and Texas Hydraulics.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas. 

Purchase an enterprise user license and get 1 month complimentary access to our Knowledge Tree subscription. Offer valid till 15th November 2018. (*Terms and Conditions apply)

Get subscription: https://www.alliedmarketresearch.com/checkout/213957

Similar Reports: 

Hopper dryers Market - Global Opportunity Analysis and Industry Forecast, 2018 - 2025 

Overhead Cranes Market - Global Opportunity Analysis and Industry Forecast, 2018 - 2025

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Voltar noticias em Inglês