Hydraulic Cylinder Market Research Report Information By Function (Single-acting and Double-acting), By Specification (Welded, Tie Rod, Telescopic, and Mill Type), By Application (Industrial and Mobile), By Bore Size (<50 MM, 50-150 MM, and >150 MM), By Industry (Construction, Aerospace, Material Handling, Agriculture, Mining, Automotive, Marine, Oil & Gas, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest of The World) –Market Forecast Till 2032

Hydraulic Cylinder Market Overview:

Hydraulic Cylinder Market Size was valued at USD 14.8 Billion in 2022. The Hydraulic Cylinder Market industry is projected to grow from USD 15.5 Billion in 2023 to USD 23.35 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.20% during the forecast period (2024 - 2032).  The Increasing adoption of hydraulic cylinders in numerous industries such as material handling, construction and infrastructure, marine, and earthmoving are expected to be significant market drivers for the Hydraulic Cylinder Market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Hydraulic Cylinder Market Trends

Increase in investment in infrastructure-related activities and construction activities are driving market growth

Market CAGR for Hydraulic Cylinder is driven by the Increase in investment in infrastructure-related activities and construction activities. According to a joint study by Oxford Economics and Global Construction Perspective (GCP), the construction industry is projected to reach $15.5 trillion by 2030. Leading players like Eaton Plc, Romheld GmbH, and Mapro d.o.o. are actively involved in the development of reliable and highly efficient double-acting hydraulic cylinders. Eaton Plc, for example, offers a new hydroelectric cylinder with a value integration system, providing a high-performance industrial solution that addresses classical system challenges cost-effectively.

The global hydraulic cylinders market is further driven by an increasing demand for cranes and a focus on reducing labor costs in developing countries such as India, China, Brazil, and others. Hydraulic cylinders with a size greater than 151mm find extensive use in automated equipment, haulers, robotic trucks, and excavators, particularly during mining operations. The surge in infrastructure-related investments and construction activities in countries like India and China contributes significantly to the market's growth.

The coming years are anticipated to witness an increase in production demand, driven by the growing demand for small cranes, high-end travel, forks, and agricultural machinery. The rising need for high-quality agricultural equipment, coupled with population growth, will lead to an increased demand for pressure cylinders. Infrastructure development, propelled by economic growth, is expected to further enhance the business environment. In 2019, Parker introduced the Hybrid Actuation System (HAS) solution, which integrates the entire compression system into one unit. This component is linked to an actuator connected to a local control area, eliminating the central power supply, electric motor, pump water storage, associated valves, and the need for pipes and tubes connected to the actuator. This results in a reduction in the overall cost of the hydraulic system

As a result, it is anticipated that throughout the projection period, demand for the Hydraulic Cylinder Market will increase due to the increase in investment in infrastructure-related activities and construction activities. Thus, driving the Hydraulic Cylinder Market revenue.

Hydraulic Cylinder Market Segment Insights:

Hydraulic Cylinder Market Function Insights

The Hydraulic Cylinder Market segmentation, based on Function includes Single-acting and Double-acting. The Double-acting segment dominated the market, accounting for 58% of market revenue (8.5 Billion). The growth of this segment is predominantly fueled by the increasing acceptance of the industry in the construction, aerospace, automotive, and agriculture sectors. These cylinders provide extended flexibility and resilience, enabling the transfer of hydraulic fluids or output forces in both retracting and extending directions. With their advantageous features, there is a notable surge in demand for these cylinders, particularly in mobile applications like earthmoving equipment, lifting machinery, forklifts, and heavy trucks.

Figure 1: Hydraulic Cylinder Market by Function, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Hydraulic Cylinder Market Specification Insights

The Hydraulic Cylinder Market segmentation, based on Specification includes Welded, Tie Rod, Telescopic, and Mill Types. The Welded segment dominated the market, accounting for 58% of market revenue. This is chiefly attributed to its extensive suitability across diverse sectors such as mining, construction activities, and various handling equipment. Furthermore, an increase in investments within the mining industry is anticipated to boost the demand for welded hydraulic cylinders, supporting the robust execution of heavy-duty tasks in mining operations.

Hydraulic Cylinder Market Application Insights

The Hydraulic Cylinder Market segmentation, based on Application includes Industrial and Mobile. The Mobile segment dominated the market, accounting for 60% of market revenue. The hydraulic cylinder finds extensive use in mobile applications, including loaders, excavators, mobile cranes, and telescopic loaders. The growing investments from both government and private entities in these industries are driving the heightened demand for hydraulic cylinders in mobile applications.

Hydraulic Cylinder Market Bore Size Insights

The Hydraulic Cylinder Market segmentation, based on Bore Size includes the <50 MM, 50-150 MM, and >150 MM. The 50-150 MM segment dominated the market, accounting for 60% of market revenue. Efficient and precise lifting, lowering, and movement of goods in the material handling sector heavily depend on hydraulic cylinders. This is especially notable in warehouses, distribution centers, and manufacturing facilities, where the use of hydraulic cylinders falling within the 50-150 mm range enhances the seamless operations of material handling processes

Hydraulic Cylinder Market Industry Insights

The Hydraulic Cylinder Market segmentation, based on Industry includes Construction, Aerospace, Material Handling, Agriculture, Mining, Automotive, Marine, Oil & Gas, and Others. The Agriculture segment dominated the market, accounting for 60% of market revenue. The adoption of presses by industrial experts has resulted in a reduction in the energy required, encompassing both human and animal resources. 

This has led to a diminished risk of injuries, attributed to the reduced hours spent working in the fields, and minimized intervals of rest between agricultural activities. This, in turn, has significantly increased individual productivity and overall efficiency. Numerous agricultural tasks, ranging from planting crops to harvesting and from raising cattle to slaughter, rely extensively on hydraulic systems. Given that agricultural and livestock activities are time-sensitive, relying on specific seasonal and market conditions, any disruptions in work can adversely impact a farmer's profits. Currently, only a mere 1% of the U.S. population is engaged in agricultural work. The utilization of hydraulic equipment proves especially advantageous in mitigating downtime and ensuring sustained high levels of productivity.

Hydraulic Cylinder Market Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The anticipated expansion of the Hydraulic Cylinder market in North America can be attributed to several key factors. The North America hydraulic cylinder market is poised for growth, driven by increased investments in industrial applications. Additionally, heightened governmental initiatives to bolster the aerospace and defense industry are expected to boost product penetration in the region. The United States holds the position of the world's leading defense manufacturer and exporter, with a military expenditure increase of approximately 2.9% last year, reaching USD 801 billion. This accounted for 38% of global spending. For Fiscal Year 2022, the Department of Defense's budget authority is around USD 722 billion, witnessing an increase of USD 17 billion from the previous year. 

The FY 2023 President's budget request for the DoD stands at USD 773 billion. Furthermore, rising investments in the food and beverage business, coupled with growing consumer spending on packaged food, will contribute to the augmentation of the industry size in the United States. The expanding number of large-scale industries, including aerospace, defense, military, petrochemical, and construction, has led to the increased deployment of material handling equipment, further driving the business dynamics.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Hydraulic Cylinder Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's Hydraulic Cylinder Market accounts for the second-largest market share as the European Commission and national regulatory bodies are actively involved in various initiatives to promote the growth of the automotive sector. Notable initiatives include the CARS 2020 Action Plan, GEAR 2030, and Horizon 2020. 

The Horizon 2020 Plan specifically focuses on allocating funds for research and development (R&D) activities within the industry. This includes programs such as the European Green Vehicles Initiative, targeting smart mobility, road transport, and logistics. The substantial presence of major automotive manufacturers in Europe motivates them to continually implement diverse development strategies to remain competitive. As a result, the increasing production and sales of commercial vehicles, coupled with the presence of key manufacturers and suppliers boasting strong brand value and technological and financial capabilities, are significant factors driving the demand for automotive hydraulic cylinders in Europe. Further, the German Hydraulic Cylinder Market held the largest market share, and the UK Hydraulic Cylinder Market was the fastest-growing market in the European region

The Asia-Pacific Hydraulic Cylinder Market is expected to grow at the fastest CAGR from 2023 to 2032. The Asia-Pacific region has emerged as a prominent hub for Western markets outsourcing the manufacturing of hydraulic cylinders. The robust growth of emerging economies, particularly China and India, has led to a substantial surge in demand for hydraulic cylinders over the past five years. Institutional real estate investment in warehouses accounted for 27% in 2021 and 2022, with the Indian warehousing stock projected to reach nearly 500 million sqft by 2025 in the top 8 Tier 1 cities, featuring significant Grade A stock. According to the European government, the estimated overall investment in new infrastructure during the 14th Five-Year Plan period (2021-2025) is anticipated to reach approximately 27 trillion yuan ($4.2 trillion). 

The new plan emphasizes nine key items for energy efficiency and green building development, calling for the retrofitting of over 350 million square meters of buildings and the construction of over 50 million square meters of net-zero energy-consumption buildings. In the Asia-Pacific region, India and China have emerged as major markets for hydraulic cylinders. Moreover, China’s Hydraulic Cylinder Market held the largest market share, and the Indian Hydraulic Cylinder Market was the fastest-growing market in the Asia-Pacific region.

Hydraulic Cylinder Market Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Hydraulic Cylinder market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Hydraulic Cylinder industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Hydraulic Cylinder industry to benefit clients and increase the market sector. In recent years, the Hydraulic Cylinder industry has offered some of the most significant advantages to various sectors and applications, ranging from manufacturing and construction to agriculture and transportation. Major players in the Hydraulic Cylinder Market, including Parker-Hannifin Corporation (US), Caterpillar (US), KYB Corporation (Japan), Bosch Rexroth (Germany), Eaton (Ireland), Enerpac Tool Group (US), SMC Corporation (Japan), HYDAC (Germany), Wipro Enterprises (India), and The Jiangsu Hengli Hydraulic Co., Ltd. (China) are attempting to increase market demand by investing in research and development operations.

Eaton operates as a power management company, specializing in the design, development, and sale of energy-efficient products, technologies, and services. The company's offerings are geared towards enabling customers to manage electrical, aerospace, hydraulic, and mechanical power more reliably, efficiently, safely, and sustainably. Eaton caters to a diverse range of sectors, including utility, governmental, industrial, information technology, residential, institutional, machine tools, marine, material handling, commercial, construction, agriculture, renewable energy, oil and gas, mining, forestry, automotive, molding, primary metals, power generation, and aerospace. Its global presence spans North America, Europe, Latin America, Asia Pacific, Africa, and the Middle East, with manufacturing facilities worldwide. The company's headquarters are located in Dublin, Ireland. Notably, in January 2023, Eaton partnered with Rewiring America to support residential electrification initiatives, focusing on education, awareness, and action.

Parker Hannifin Corporation is a leading manufacturer specializing in motion and control technologies and systems. The company provides essential solutions in fluid power systems, electromechanical controls, and associated components. Its diverse range of products serves various industries, including food production machinery, alternative energy, life sciences and medical, oil and gas, power generation, industrial machinery, agriculture, construction machinery, marine, mining, chemical and refining, telecommunications, aerospace, industrial and commercial refrigeration, and transportation. With manufacturing facilities and subsidiaries spanning the Americas, Europe, Asia-Pacific, the Middle East, and Africa, Parker maintains a global presence. The company is headquartered in Cleveland, Ohio, USA. Notably, in May 2019, Parker's Cylinder Division introduced the HAS 500, a revolutionary Hybrid Actuation System. This innovative solution integrates the entire compression system into a single unit, eliminating the central power supply with its electric motor and pump water storage. Furthermore, it eliminates the need for pipes and tubes connected to the actuator, resulting in a reduced overall cost for the hydraulic system.

Key companies in the Hydraulic Cylinder Market include

• Parker-Hannifin Corporation (US)


• Caterpillar (US)


• KYB Corporation (Japan)


• Bosch Rexroth (Germany)


• Eaton (Ireland)


• Enerpac Tool Group (US)


• SMC Corporation (Japan)


• HYDAC (Germany)


• Wipro Enterprises (India)


• The Jiangsu Hengli Hydraulic Co., Ltd. (China)

Hydraulic Cylinder Industry Developments

June 2021: In June 2021, SMC Corporation introduced the upgraded Compact Guide Cylinder product line, known as the MGPK Series. This series is designed to be more compact, featuring a 28% reduction in volume and a 41% reduction in weight compared to the previous models.

June 2021: In June 2021, Jiangsu Hengli reported the successful completion of its 500T Heave Compensator Project. The project includes one main hydraulic cylinder, three accumulators, and two nitrogen pressure vessels. This configuration allows for minimal weight and ensures reliable strength, enhancing operational efficiency and performance even in challenging ocean conditions

Hydraulic Cylinder Market Segmentation:

Hydraulic Cylinder Market Function Outlook

• Single-acting


• Double-acting

Hydraulic Cylinder Market Specification Outlook

• Welded


• Tie Rod


• Telescopic


• Mill Type

Hydraulic Cylinder Market Application Outlook

• Industrial


• Mobile

Hydraulic Cylinder Market Bore Size Outlook

• <50 MM


• 50-150 MM


• >150 MM

Hydraulic Cylinder Market Industry Outlook

• Construction


• Aerospace


• Material Handling


• Agriculture


• Mining


• Automotive


• Marine


• Oil & Gas


• Others

Hydraulic Cylinder Market Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America