DUBLIN--(BUSINESS WIRE)--The "Hydraulic Cylinder Market - Global Forecast to 2023" report has been added to Research and Markets' offering.
The hydraulic cylinder market is expected to be valued at USD 13.64 billion in 2017 and is projected to reach USD 19.30 billion by 2023, at a CAGR of 5.95% between 2017 and 2023. The key factor driving the growth of the hydraulic cylinder market is their rising demand in the construction industry and mining process equipment. Increasing demand for lifting equipment in the shipping industry and for material handling equipment in the aerospace & defense industry is the key opportunity for the players in the hydraulic cylinder market.
Based on function, the market for double-acting hydraulic cylinders is projected to grow at the highest CAGR between 2017 and 2023. In double-acting cylinders, there are 2 ports for the input and output of the hydraulic fluid. The pressure from the fluid can be used in both directions to expand and retract the piston. It can be used vertically as well as horizontally as it has the mechanism to help the piston expand and retract each time it pushes or needs to pull an object.
Based on bore size, the market for <50 mm hydraulic cylinders is projected to grow at the highest CAGR between 2017 and 2023. Cylinders with bore size <50 mm are used to perform operations with lower capacity lifting and other push-pull operations in lightweight equipment. Due to the small bore size, these hydraulic cylinders are used in light-duty tasks with a maximum operating pressure of 35-200 bar. The applications of hydraulic cylinders with less than or up to 50 mm bore size are limited to plastic punching machines and lightweight load moving.
- Bailey International
- Burnside Autocyl
- Delta Hydraulics
- Hannon Hydraulics
- Jarp Industries
- Jiangsu Hengli Hydraulic
- Kappa Engineering
- Liebherr Group
- Ligon Hydraulic Cylinder Group
- Parker Hannifin
- Prince Manufacturing
- Standex International
- Texas Hydraulics
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Hydraulic Cylinder Market, By Function
7 Hydraulic Cylinder Market, By Specification
8 Hydraulic Cylinder Market, By Application
9 Hydraulic Cylinder Market, By Bore Size
10 Hydraulic Cylinder Market, By Industry
11 Hydraulic Cylinder Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/h993dd/hydraulic