Hydraulic Cylinder Market By Specification (Welded, Telescopic, Mill, and Tie Rod), Function (Single-acting and Double-acting), Bore Size (<50 MM, 50–150 MM, >150 MM), Application (Mobile and Industrial) End-user, (Construction, Oil & Gas, Energy & Power, Aerospace & Defence, Material Handling, Agriculture, Automotive, and Others), and Region - Market Perspective, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast for 2023-2032

Market Perspective

The Global Hydraulic Cylinder Market size was worth around USD 13.87 billion in 2022 and is predicted to grow around USD 22.34 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032.

The aerospace, aerial work platforms, oil & gas, energy, and shipbuilding industries are major contributors to the demand for hydraulic cylinders. These devices are also used in everyday life for compressing metals and other substances in recycling facilities. They can generate immense amounts of power and force, making them ideal for heavy construction and material handling. Additionally, hydraulic cylinders are equipped with automatic overload protection and speed control features, making them safer and easier to operate.

The use of hydraulic cylinders in the agricultural sector has revolutionized farm operations, reducing the need for manual labor. Hydraulic machinery and equipment have improved the efficiency and productivity of agricultural operations and offer numerous benefits, including material handling equipment. However, hydraulic fluids, a crucial component of hydraulic cylinders, are susceptible to leaks and require continuous filtration to maintain system performance.

Despite some challenges, the advantages of hydraulic cylinders over pneumatic, mechanical, and electrical systems make them a popular choice in various industries. The ease of starting, slowing down, stopping, and accelerating with the use of a push button and levers enhances precision and control in hydraulic systems, making them a great choice for various applications. The hydraulic cylinder market is expected to continue to grow with new advancements in technology and increased demand from various industries.

Key Insights

• Based on the specification, the welded segment held the largest market share
• Based on function, the single-acting segment generated the highest revenue
• By bore size, the 50–150 mm segment has dominated the market share in 2021
• By application, the mobile segment held the most dominating share in 2022
• By end-user, oil & gas segments are expected to dominate over the forecast period
• On the basis of region, North America accounted for the largest market share

Flourishing Shipping Industry Drives Demand for Hydraulic Cylinders

The growing demand for equipment handling equipment in the food and beverage industry creates a direct demand for conveyors and organizational lines that facilitate the installation of hydraulic cylinders. The increased use of small-scale, energy-efficient, and low-maintenance equipment to ensure efficiency in all industries, including manufacturing, chemicals, and agriculture, drives the market growth. Over the past few years, the rising population growth and rising demand for high-quality agricultural equipment have necessitated the production of pressure cylinders.

In the transportation industry, delivery containers of various sizes and loads are routinely stacked several feet high in dockyards. The lifting equipment is required to transport these enormous containers, and lifting equipment is in high demand which accelerates the usability of hydraulic cylinders. Additionally, as >150 MM has grown in popularity, the transportation industry has flourished, necessitating the transport of goods across international borders and oceans. As a result, the demand for lifting equipment is anticipated to increase, driving the demand for hydraulic cylinders.

Proliferating Demand from the Construction Industry is Driving Market Growth

Numerous new infrastructure development plans and projects are in the planning stages, which will likely increase the demand for construction equipment. These cylinders are resistant to corrosion, abrasion, extreme temperatures, and weather changes, and they can be used continuously for extended periods which has increased their demand in the construction industry. The market for hydraulic cylinders is anticipated to expand as a result of the construction industry's significant demand expansion. The construction industry has been the most affected by the development and implementation of hydraulic technologies, due to the increasing complexity of construction projects and the increased demand for infrastructure development.

The market for hydraulic cylinders is likely to expand as a result of the construction industry's significant demand expansion. The considerable growth in construction activities across several nations across North America and Europe with the incorporation of infrastructure activities has boosted the demand for hydraulic cylinders.

High Manufacturing and Maintenance Cost is Hampering the Market Growth

The production of hydraulic cylinders requires metal forging and precision construction to produce an advanced hydraulic cylinder which consists of components, including rods, cylinder heads, pistons, cylinder liners, cylinder heads, and cylinder seals, which must be assembled. The high cost of manufacturing and, maintenance restricts several vendors to procure hydraulic cylinders. In addition to the high initial production costs of hydraulic cylinders, the growth of the market is limited by the increase in maintenance costs. Hydraulic cylinders require regular maintenance to prevent oil leaks and other malfunctions.

The quality and design of the cylinder piston rod should be checked regularly. If the piston rod is twisted, it can move the load. In addition, incorrect piston rod thickness or diameter can also lead to failure. The cylinder tube should be checked regularly as the cylinder walls can wear and reduce their thickness. This condition is called balloon tubing.

Recent Development

In January 2023: SICK introduced a new family of linear sensors for the precise detection of the position of the pistons of hydraulic cylinders and the monitoring of the linear movements of machines. The DAX linear encoder is adaptable for a wide variety of industrial applications including automotive machinery, printing and packaging machines, wind, hydro, and solar power plants, wood processing, and medical technology.

In October 2022: Hydreco designed a new line of aluminum gear pumps and motors for use in crushing and screening plants. The new HY series is manufactured exclusively in Hydreco's new factory in Parma, Italy, which offers integrated motion control solutions.

In April 2021: Enerpac unveiled the next generation of its renowned RC-Series hydraulic cylinders. The new RC-Trio is as adaptable as it's ever been. It has a new Trio bearing system for increased durability and a hybrid spring-return system for quicker retraction and increased productivity.

Segmentation Analysis

Based on the specification, the market is categorized into welded, telescopic, mill, and tie rod. The welded segment is expected to dominate over the forecast period. Hydraulic cylinders that have been welded are frequently used in heavy-duty applications such as construction equipment and material-handling equipment. Construction, oil and gas, mining, waste management, material handling, and heavy equipment are just some of the industries that utilize welded hydraulic cylinders. The increase in demand for welded hydraulic cylinders in these industries is anticipated to contribute to the growth of this segment.

Based on function, the market is bifurcated into single-acting and double-acting. Over the forecast period, the double-acting segment attained the most dominating share as it is used in large engines such as ship motors, steam engines, industrial furnaces, earthmoving equipment, and other construction machinery.

Based on bore size, the market is segmented as <50 MM, 50–150 MM, and>150 MM. The 50–150 mm bore size segment held the largest share owing to the increased development of infrastructure for storage and material handling, the upgrading of agricultural equipment, and the expansion of building activities.

Based on end-users, the market is segmented as construction, oil & gas, energy & power, aerospace & defense, material handling, agriculture, automotive, and others. The agriculture segment is anticipated to gain the largest market share, especially in terms of production and production methods. The growing use across agricultural use aids in decreasing the amount of energy required and decreased the risk of injury thereby increasing individual productivity. Numerous agricultural activities rely on hydraulic systems, from planting crops to harvesting and raising livestock to slaughter, which is anticipated to propel the demand for hydraulic cylinders across the region.

Asia Pacific is Dominating the Market Share Due to Expanding Applications across Several End-user Industries

The Asia-Pacific region is expected to continue leading the hydraulic cylinder market due to growing demand in industries such as infrastructure, construction, automotive, renewable energy, machine tooling, and logistics. The need for high-performing and reliable equipment in agriculture, construction, and mining is also driving the market growth.

Modern hydraulic cylinder designs offer high levels of force within a mechanical device and are known for their safety and for meeting strict engineering specifications. Urbanization in countries like China and India is a significant factor contributing to market revenue growth, as well as increased demand from end-user industries. For example, an MoU was signed in India to establish a hydraulic cylinder manufacturing facility in Jaipur, Rajasthan, equipped to meet global quality requirements.

North America is the Fastest Growing Market Owing to the Increased Development of Advanced Hydraulic Equipment

North America is a key player in the global hydraulic cylinder market due to rising investment and technology advancements in the construction, marine, agriculture, aerospace, and defense industries. Key players and favorable government policies drive growth in the region, with the U.S. leading the market and Canada poised for growth. Farmers are adopting hydraulic devices for increased productivity and manufacturers are offering durable, low-maintenance products. Investment in product development, manufacturing and R&D is crucial for hydraulic cylinder manufacturers in North America.

Additionally, the increasing demand for energy-efficient and eco-friendly solutions is driving the growth of the hydraulic cylinder market. The development of hybrid and electric hydraulic systems is a major trend in the industry. These systems reduce emissions and improve energy efficiency, making them a popular choice for various applications in various industries. The use of advanced materials such as high-strength steel and composites is also becoming more common, as they offer improved durability and reduced weight. This trend is expected to continue in the future, driving the demand for hydraulic cylinders in North America and globally. Furthermore, the increasing demand for automation and the development of smart hydraulic systems are also contributing to the growth of the market. These systems offer improved control and performance, making them a popular choice for various applications.

Competitive Landscape

• Caterpiller
• Eaton
• ENERPAC
• Herbert Hänchen GmbH
• Hydreco
• K B Engineering Works
• Liebherr
• PARKER HANNIFIN CORP
• SICK AG
• SMC Corporation
• Zenith Hydromatics

The global hydraulic cylinder market is segmented as follows:

By Specification

• Welded
• Telescopic
• Mill
• Tie Rod

By Function

• Single-acting
• Double-acting

By Bore Size

• <50 MM
• 50–150 MM
• >150 MM

By Application

• Mobile
• Industrial

By End-user

• Construction
• Oil & Gas
• Energy & Power
• Aerospace & Defence
• Material Handling
• Agriculture
• Automotive
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America