- Opportunity and Forecast, 2016 - 2025
Hydraulic cylinder is a mechanical actuator in which unidirectional stroke is used to provide unidirectional force. The demand for these cylinders has increased in industries such as construction, mining, aerospace & defense, and others in China and India to reduce labor costs, thus providing growth opportunities for small-scale companies. Developed countries outsource their needs in these countries to increase profitability. Furthermore, organizations relocate their manufacturing base in emerging countries owing to low manufacturing costs and availability of skilled labor.
Increase in infrastructure investment in emerging market, growth in demand for industrial equipment &agricultural equipment, and rise in adoption of material handling equipment are factors that drive the growth of the global hydraulic cylinder market. However, economic slowdown restrains the market growth. Surge in demand for fracturing equipment for the extraction of shale gas in the U.S. is anticipated to provide growth opportunities for the market.
The global hydraulic cylinder market is segmented on the basis of function, water depth, application, and geography. By function, the market is bifurcated into single acting and double acting cylinders. Water depth segment is divided into tie rod cylinder and welded cylinder. Applications covered in the research are mobile and industrial. Geographically, the market is analyzed across Europe, North America, Asia-Pacific, and LAMEA.
Prominent players operating in the market are Wipro Infrastructure Engineering, Best Metal Products, Aggressive Inc., Bosch Rexroth AG, Hannon LLC, Eaton Corporation PLC, Perfection, Prince Manufacturing Corporation, Ligon Industries, LLC, YELETSGIDROAGREGAT, Burnside Autocyl (Tullow) Ltd., Hydrapac Italia, Chapel Hydraulique, United Hydraulics, Baltic, Caterpillar Inc., Bailey International LLC, and others. These players have implemented various strategies such as expansion, partnerships, merger & acquisition, collaborations, new product launches, and others to strengthen their position in the industry.
The global garage door openers market is expected to reach $1,740.26 million in 2025, from $1,081.61 million in 2016, growing at a CAGR of 5.49% from 2017 to 2025. The ... Read More >>