The Global Hydraulic Cylinder Market Is Predicted To Be Valued At US$ 22.3 Bn By 2032 – FMI
Between 2022 and 2032, the market for hydraulic cylinders is expected to grow at a moderate CAGR of 4.2%, from US$ 14.2 billion in 2021 to almost US$ 22.3 billion in 2032. An apparatus that transforms hydraulic energy into a linear force and movement is a hydraulic cylinder. Additionally, it is a linear hydraulic motor with a moving component operating in a cylindrical bore, such as a piston with a piston rod or a plunger. As a linear motor and structural component, the hydraulic cylinder is significantly impacted by the environment.
In order to find and gather data for this in-depth commercial study of the global hydraulic cylinder market, a variety of secondary sources, including encyclopaedias, directories, and databases, were used. Hydraulic cylinders are typically designed for working pressures of up to 350–400 bar and occasionally up to 600 bar and more for special purposes. The primary sources – experts from the industry and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the hydraulic cylinders market. The subsea control systems market is led by players such as Bosch Rexroth (Germany), Caterpillar (U.S.), Eaton (Ireland), Parker Hannifin (U.S.).