Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Hydraulic Cylinder Market size is anticipated to grow from USD 15.66 billion in 2024 to USD 32.59 billion by 2037, exhibiting a CAGR of around 5.8% during the forecast period, between 2025 and 2037. Currently in 2025, the industry revenue of hydraulic cylinder is estimated at USD 16.3 billion.
The increasing demand for cranes is driving the market growth. Slew cranes, which can hoist items, suspend them in midair, and then rotate them, are becoming more and more in demand.
Furthermore, rising concerns in order to reduce labor costs in various developing countries such as India, Brazil, and others are factors that are propelling market growth.
Hydraulic Cylinder Sector: Growth Drivers and Challenges
Growth Drivers
- Rapid Shift towards Urbanization – The hydraulic cylinder market is expanding more quickly due to the rapid urbanization occurring in developing nations like China, India, Indonesia, and other nations. The industry is expanding as a result of new infrastructure plans and advances in nations like China and India. About 65.2% of Chinese citizens were urban dwellers in 2022. In China, the rate of urbanization has been rising consistently over several decades.
- Increasing Construction Activities – Due to the growth in construction activities in various regions the market is growing at a rapid rate. China is one of the largest countries with a vast construction industry. Also, the increasing implementation of autonomous construction equipment has also propelled market growth.
- Growing Utilization of Steam Engines – The market will be driven by the increasing use of steam and ongoing efforts to deploy energy-efficient equipment across various industries. It is anticipated that demand will exceed further in areas where the working fluid acts alternately on both sides of the piston, such as forklifts, heavy trucks, and earth-moving equipment.
Challenges
- Higher Cost Associated with Manufacturing and Maintenance – SMEs encounter significant cost barriers upon entering the hydraulic cylinder market. In addition to the initial manufacturing expense, hydraulic cylinders demand regular maintenance to prevent oil leakages and other malfunctions. Such expenses inevitably increase over time, potentially hindering market growth.
- Presence of Alternatives
- Corrosive in Nature
Hydraulic Cylinder Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.8% |
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Base Year Market Size (2024) |
USD 15.66 billion |
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Forecast Year Market Size (2037) |
USD 32.59 billion |
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Regional Scope |
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Hydraulic Cylinder Segmentation
Function (Double-acting, Single-acting)
With a revenue share of 68.5% throughout the anticipated period, the double-acting sector is the market leader. Huge-scale engines like naval engines, steam turbines, industrial combustion devices, earthmoving machines, and diverse construction machinery utilize double-acting hydraulic cylinders. The market for double-acting hydraulic cylinders is anticipated to grow over the projected period due to rising demand for the products in these applications.
Product Type (Welded, Tie Rod, Telescopic, Mill Type)
The welded segment is expected to hold the largest share of 60% during the forecast period. The excellent seal packaging of the welded hydraulic cylinders extends their lifespan. These enhance the appearance of the machinery they are employed on. The welded segment's rapid growth is due to its exceptional performance in applications that demand space efficiency. Most importantly, the welded hydraulic cylinders can be customized, giving the producers a lot of alternatives, which is escalating the growth of this segment. These can be utilized in tough settings as well because they are quite sturdy.
Our in-depth analysis of the global market includes the following segments:
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Function |
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Product Type |
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Application |
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Bore Size |
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End-User |
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Customize this ReportHydraulic Cylinder Industry - Regional Synopsis
APAC Market Forecast
Asia Pacific is expected to hold the largest market share of more than 36.6% during the forecast period. With India's population expected to increase, there will be a surge in construction activities in the coming years, leading to the expansion of the Asia Pacific hydraulic cylinder market. China's market, on the other hand, came in second in terms of revenue share due to massive investments in building operations and an uptick in original equipment manufacturers.
North American Market Forecast
North American market is anticipated to grow at a significant growth rate during the forecast period. The increase in demand for hydraulic cylinders in the region can be attributed to the growing economy and investments in infrastructure, energy and power, and other sectors. Street sweepers that are used to clean the roads rely on hydraulic cylinders for rotating the brushes. Additionally, the government's investment in commercial projects is anticipated to further drive the demand for hydraulic cylinders.
Companies Dominating the Hydraulic Cylinder Landscape
- AKKA Technologies
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Liebherr Group
- WEBER-HYDRAULIK GMBH
- Epicor Software Corporation
- Henan Modern Industrial Co., Limited
In the News
- With the addition of a new structure at the Oberopfingen location, the components product division of Liebherr is increasing hydraulic cylinder production. Starting in 2024, the new plant will add mechanical production for hydraulic cylinders to the current main plant.
- The steering cylinders from WEBER-HYDRAULIK's latest generation feature a tube-in-tube design that blends innovation and expertise, resulting in a lightweight construction.
Author Credits: Dhruv Bhatia
- Report ID: 5211
- Published Date: Mar 20, 2025
- Report Format: PDF, PPT
