Hydraulic Cylinders Market Summary
A hydraulic cylinder is a hydraulic actuator that converts hydraulic energy into mechanical energy and performs linear reciprocating motion (or swing motion). The hydraulic cylinder uses oil as the working medium, transmits motion through changes in sealing volume, and transmits power through the pressure inside the oil. It has a simple structure and reliable operation. When using it to achieve reciprocating motion, the deceleration device can be eliminated, there is no transmission gap, and the movement is smooth, so it is widely used in the hydraulic systems of various machinery. The output force of the hydraulic cylinder is proportional to the effective area of the piston and the pressure difference on both sides; the hydraulic cylinder basically consists of a cylinder barrel and a cylinder head, a piston and a piston rod, a sealing device, a buffer device and an exhaust device.
According to the new market research report “Global Hydraulic Cylinders Market Report 2023-2029”, published by QYResearch, the global Hydraulic Cylinders market size is projected to reach USD 9.19 billion by 2029, at a CAGR of 2.7% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Hydraulic Cylinders include Rexroth, Parker, Hengli Hydraulic, Danfoss, KYB, Pacoma, Caterpillar, ENERPAC, Xuzhou Construction Machinery Group, Liebherr, etc.
In 2022, the global top 10 players had a share approximately 59.0% in terms of revenue.
In terms of product type, High pressure cylinder is the largest segment, hold a share of 60.1%,
In terms of product application, Construction Machinery is the largest application, hold a share of 35.6%,
Market Drivers:
Demand for industrial automation: With the development of manufacturing industry, the degree of automation continues to increase. Hydraulic cylinder, as an important actuator, plays a key role in industrial machinery. Therefore, the demand for industrial automation is one of the important factors driving the growth of the hydraulic cylinder industry. one.
Infrastructure construction: Infrastructure construction projects also have a considerable demand for hydraulic cylinders. For example, construction projects, bridge construction, water conservancy projects and other fields require a large amount of hydraulic equipment to support project construction and operation.
Demand for agriculture and agricultural machinery equipment: The increase in agricultural mechanization has increased the demand for hydraulic cylinders in the agricultural field. For example, hydraulic systems are widely used in agricultural machinery equipment such as agricultural tractors and harvesters.
Restraint:
Cost pressure: Hydraulic cylinder manufacturing involves higher-cost materials and technologies, so cost pressure is a limiting factor. Price competition in the market is fierce, so manufacturers need to continuously improve production efficiency and reduce production costs to remain competitive.
Technical limitations: The development of the hydraulic cylinder industry is also limited by technology. Although hydraulic technology is quite mature, there is still room for improvement in terms of improving efficiency, reducing size, and increasing reliability. The introduction of new technologies may require significant R&D investment and time to achieve commercial production.
Environmental regulations: With the increasing awareness of environmental protection, the hydraulic cylinder industry may be restricted by environmental regulations, especially the environmental requirements for hydraulic oil used in hydraulic systems. This may result in new requirements for hydraulic system design and manufacturing, increasing production costs.
Opportunity:
Industrial intelligence trend: With the continuous development and application of industrial intelligent technology, the hydraulic cylinder industry has the opportunity to improve the intelligence level of products by integrating intelligent sensors, data analysis and remote monitoring technologies to meet customers' needs for automated and intelligent production. Equipment needs.
Increased environmental awareness: Global attention to environmental protection continues to increase. The hydraulic cylinder industry can develop and promote environmentally friendly hydraulic systems, such as the use of biodegradable hydraulic oil, energy-saving hydraulic devices, etc., to meet the market demand for environmentally friendly products. .
Development of emerging application fields: With the advancement of science and technology, the demand for hydraulic cylinders in some emerging application fields continues to grow, such as medical equipment, drones, marine engineering and other fields, which has brought new growth opportunities to the hydraulic cylinder industry.
About The Authors
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Ziyi Fan |
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Lead Author |
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Consumer Goods, Equipment & Parts, Packaging, etc. |
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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