Hydraulic Cylinder Market Outlook:
Hydraulic Cylinder Market size was estimated at USD 15.5 billion in 2024 and is expected to surpass USD 28.7 billion by the end of 2037, rising at a CAGR of 4.9% during the forecast period, i.e., 2025-2037. In 2025, the industry size of hydraulic cylinder is evaluated at USD 16.3 billion.
The global development of infrastructure, which is also expanding construction activity, is increasing demand for hydraulic cylinders. A 2023 report by the U.S. Department of Commerce indicates that infrastructure is an important segment associated with increased exports of construction equipment, including hydraulic systems. From FY2018 through FY2023, federal spending on infrastructure increased roughly 26% in the United States, and this also increases demand for fluid power components. The main input and raw material commodity for hydraulic cylinders is steel tubing. Most manufacturers are likely to be able to import steel tubing duty-free from Australia and India, among other nations, and under Section 232 with an added industry capacity qualification.
Tariffs on steel have forced manufacturers to produce locally and have modified U.S. manufacturers' assembly lines from hydraulic system assembly into construction firms’ production of industrial cylinders. The Bureau of Labor Statistics does not isolate indices of cylinders specifically, but between 2021 and 2023, the PPI for machined steel tube rose or increased approximately 13%, with a CPI increase of approximately 9% for construction machinery. A cooperative RDD effort supported by the U.S. Department of Energy (DOE) and the U.S. National Renewable Energy Laboratory (NREL) estimates that a 2% improvement in hydraulic system efficiency saves nearly $0.37 billion. According to the Department of Commerce data, China, Brazil, and Spain combined represented 31% of the total market volume for cylinders produced for the U.S. market from 2017 to 2019.
Hydraulic Cylinder Market - Growth Drivers and Challenges
Growth Drivers
- Defense and aerospace modernization: The modernization of global defense programs is increasing the demand for hydraulic cylinders located in weapon systems, aircraft landing gear, and military actuation assemblies. In 2023, global defense spending increased and reached 2.44 trillion USD (SIPRI) due to not only geopolitical tensions, but also changes in technology. The United States, India, and China continue to build more advanced armored vehicles and new aircraft at an accelerated pace. The U.S. Army modernization is a driver of the high demand for high-pressure, small-form hydraulic options, especially mobile defense platforms and aerospace applications that require durable, high-performance hydraulic solutions.
- Surging agricultural mechanization: The swift rate of mechanization of agriculture in emerging economies is increasing the volume of hydraulic cylinders required for tractors, harvesters, and precision sprayers. According to FAO, global agricultural mechanization is expected to compound at 7.2% annually to 2028, led by Asia-Pacific and Latin America. In China over the past decade, mechanized farming has grown from 60% of farmland operated by machines to over 72% of farmland in 2022. The transition of agricultural output measured in terms of efficiency is significant and is generating strong demand for dependable compact hydraulic systems that can withstand severe environmental conditions.
1. Global Hydraulic Cylinder Demand Trends Analysis (2014–2024)
Market Growth & Segmentation
|
Sector |
Market Share (2024) |
Growth Rate (CAGR 2014–2024) |
Key Driver |
|
Construction |
36% |
6.3% |
Infrastructure projects (+19% demand) |
|
Agriculture |
26% |
5.9% |
Mechanization trends in emerging markets |
|
Manufacturing |
21% |
4.6% |
Automation in production lines |
|
Automotive |
16% |
3.8% |
Heavy vehicle production growth |
|
Others |
6% |
2.12% |
Niche industrial applications |
Consumption Trends & End-Use Applications
|
Industry |
Demand Growth (2014–2024) |
Key Application |
Competitive Pressure |
|
Construction |
+76% |
Excavators, cranes |
Chinese OEMs undercut prices by 16–21% |
|
Agriculture |
+61% |
Tractors, harvesters |
Localization in India (+13% domestic production) |
|
Manufacturing |
+46% |
Press machines |
German/Japanese tech dominance (71% premium market) |
|
Automotive |
+31% |
Vehicle lifts |
Shift to electric actuators in 16% of applications |
Competitive Landscape
|
Factor |
Impact |
|
Top 3 Players (2024) |
Bosch Rexroth, Parker Hannifin, Caterpillar |
|
China Price War |
26% export growth (2020–2024) |
|
Automation Shift |
31% of new units sold with IoT features |
2. Hydraulic Cylinder Market: Price History & Future Trends
Price History & Sales Data (2019–2024)
Annual Unit Sales & Regional Price Trends ($/Unit)
|
Year |
Global Sales (Million Units) |
North America |
Europe |
Asia |
|
2019 |
4.3 |
$1,851 |
$2,101 |
$1,401 |
|
2020 |
3.9 (-8%) |
$1,921 (+5%) |
$2,201 (+6%) |
$1,451 (+5%) |
|
2021 |
4.6 (+19%) |
$2,151 (+13%) |
$2,401 (+10%) |
$1,601 (+11%) |
|
2022 |
4.8 (+5%) |
$2,301 (+8%) |
$2,551 (+7%) |
$1,701 (+7%) |
|
2023 |
5.1 (+7%) |
$2,451 (+8%) |
$2,701 (+7%) |
$1,751 (+4%) |
|
2024 |
5.2 (+3%) |
$2,601 (+7%) |
$2,851 (+7%) |
$1,801 (+4%) |
Key Price Drivers (2019–2024)
Raw Material Costs
|
Material |
Price Change (2019–2024) |
Impact on Cylinder Costs |
|
Steel |
+30% |
+12–14% product price hike |
|
Aluminum |
+17% |
+7–9% lightweight cylinder premium |
|
Seals/Rubber |
+22% |
+5–7% maintenance cost rise |
Geopolitical Events
|
Event |
Supply Disruption |
Price Impact |
|
Russia-Ukraine War (2022) |
-17% European imports |
+10% regional prices |
|
U.S.-China Tariffs |
+14% Chinese export costs |
+7% NA prices |
Environmental Regulations
|
Policy |
Compliance Cost Increase |
Market Shift |
|
EU Tier 5 (2023) |
+14% |
22% shift to eco-designs |
|
U.S. EPA Emissions Rules |
+10% |
+17% bio-hydraulic demand |
Challenges
- Fluctuating raw material prices: The most significant disruptive costs in raw materials that impacted the hydraulic cylinder market are steel and aluminium. Global economic factors, political trade limitations, and supply chain hassles can all impact raw materials. In 2021, the cost of steel increased worldwide by more than 36% due to shortages and political concerns. Price volatility increases costs to manufacturers, reduces supplier margins, and creates pricing uncertainty for OEMs and end users in construction, mining, and industrial applications.
- High maintenance and operational costs: Hydraulic systems face operational challenges such as fluid leaking into internal parts and working seals, seals wearing out, and pressure too low or too high or varying constantly, which makes it necessary to service them frequently. Servicing is not only downtime, but it increases the total cost of ownership, and some businesses are not likely to pay a higher total cost of ownership in an economic environment that requires tight budgets. Businesses operating hydraulic systems with small and medium-sized enterprises often will not have the ability or opportunity to pay for high-maintenance technology, and slowly, the industry is shifting toward cleaner, more energy-efficient electromechanical options that have lower total lifecycle costs.
Hydraulic Cylinder Market Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.9% |
|
Base Year Market Size (2024) |
USD 15.5 billion |
|
Forecast Year Market Size (2037) |
USD 28.7 billion |
|
Regional Scope |
|
Hydraulic Cylinder Market Segmentation:
Function Segment Analysis
The double acting cylinders segment is predicted to gain the largest market share of 45.2% during the projected period by 2037, due to more efficiently than other designs, manage bidirectional force when required, and providing versatility when applied in demanding applications. Double-acting cylinders are best suited to areas where industries such as industrial automation, heavy machinery, and aerospace require controlled and precise variation in high forces (i.e., workpieces or products). Their ability to push and pull objects or components without any external means increases operational efficiencies offered by hydraulic presses, mobile machinery, and any type of manufacturing equipment. Industries continue to focus on energy efficiency with solutions that offer high-performance solutions, and will usually select double-acting cylinders, which make them the highest market share.
Application Segment Analysis
The construction segment is anticipated to constitute the most significant growth by 2037, with 32.1% market share, mainly due to rising infrastructure spending, urbanization, and the need for large machinery. Major construction projects like smart cities and transportation (roads, bridges, tunnels, etc.) are among the top priorities for government officials, which has increased demand for hydraulic cylinders on loaders, cranes, and excavators. The increase in renewable energy projects and industrial facilities further fuels demand. Automation in construction is also anticipated to increase, resulting in hydraulic systems that can handle loads and perform optimally for demanding operations required by automation. Specifically, the market for higher load capacities and long parts life is expected to be the fastest growing. This category should protect its market share as one of the higher revenue segments.
Our in-depth analysis of the hydraulic cylinder market includes the following segments:
|
Segment |
Subsegment |
|
Function |
|
|
Application |
|
|
End user |
|
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Hydraulic Cylinder Market - Regional Analysis
Asia Pacific Market Insights
By 2037, the Asia Pacific market is expected to hold 35.1% of the market share, and be valued at USD 5.05 billion in revenue in 2021, and is projected to grow to approximately USD 7.57 billion in 2030, with a 4.8% CAGR from 2025 to 2030. China alone benefits from nearly 30% of that share due to infrastructure and smart-manufacturing initiatives. Currently, welded cylinders dominate the product segment, with mill types generating the fastest revenue growth rates.
The China hydraulic cylinder sector is projected to reach USD 2.78 billion by 2030, growing at a 5.4% CAGR from 2025 to 2030. China's share of the Asia-Pacific market in 2025 equated to nearly 30% of the total market, with the demand for hydraulic cylinders growing 33% from 2021 to 2025, primarily due to urbanization and an expansion of the mining sector. Wong and Yan further indicate that strong government infrastructure investment and rapid movement toward smart manufacturing in the supply chain coincide to create a favorable environment for hydraulic cylinders.
India's hydraulic cylinder market was valued at roughly USD 751.8 million in 2021 and is expected to reach USD 1.21 billion by 2030, with an estimated CAGR of 5.6% between 2025 and 2030. An alternate estimate by Wong and Yan accounted for USD 470.8 million in 2024, ramping up to USD 637.7 million by 2033, and a CAGR of 3.44%. The projected revenue growth of hydraulic cylinders in India is supported by increased infrastructure projects, demand arising from agricultural mechanization, and the construction industry.
Country-wise Hydraulic Cylinder Market Insights (2024)
|
Country |
CAGR (2024–2030) |
Advanced Technologies |
|
China |
7.5% |
Smart cylinders with IoT sensors |
|
Japan |
5.8% |
Precision miniaturized cylinders |
|
India |
9.2% |
Corrosion-resistant coatings |
|
South Korea |
6.4% |
Compact hydraulic actuators |
|
Australia |
5.0% |
Mining-optimized heavy-duty cylinders |
|
Vietnam |
8.0% |
Cost-effective welded cylinders |
|
Indonesia |
7.0% |
Palm oil machinery cylinders |
Europe Market Insights
The European market is expected to hold 25.2% of the market share and is estimated to grow at around USD 14.8 billion in 2024, projected to grow at a CAGR of 3.6% until 2031. The growth of the hydraulic/pneumatic systems market is fuelled by robust manufacturing, continuing infrastructure O&M investment, and moving more towards integrating eco-efficient automated hydraulic systems. There is also strong long-term support from the technological improvements and sustainability targets set by the EU Green Deal across all industrial equipment and mobile equipment applications.
The UK market was valued at gross USD 751.8 million in 2024, expected expansion is expected to expand at a CAGR of 4.4% during the forecast period. Alternate forecasts suggest the UK market may reach USD 1.299 billion by 2030. In 2024, the UK exported about 106,001 units with a total value of USD 484 million, with major destinations being India (41%) and Germany (5.5%). The UK market is buoyed by its advanced engineering sector, its flexible export possibilities, and increasing investments in industrial production and automation, notably in the construction, aerospace, and manufacturing equipment sectors.
In 2024, the market in Germany was valued at approximately USD 887 million and is expected to grow 3.8% CAGR through to 2031. Including the broader use of hydraulic/pneumatic systems, the overall market size was USD 1.98 billion. Germany is the largest exporter within Europe, with exports of 956,001 units for a total value of USD 864 million in 2024, representing 33% of all EU export value. Germany's market position is supported by a strong industrial base, appreciation of increased automation, and a growing demand in industries like automotive, machinery, and renewable energy.
European hydraulic cylinder market with country-specific insights, R&D focus areas, and statistical data
|
Country |
Key Sectors Using Hydraulic Cylinders |
R&D Focus Areas |
R&D Investment (2024) |
Recent Technological Advancements |
|
Germany |
Automotive (32%), Industrial Machinery (28%), Renewable Energy (18%) |
Smart hydraulics, IoT integration, Energy-efficient systems |
€280 Million |
Self-monitoring cylinders with predictive maintenance AI |
|
France |
Aerospace (25%), Construction (30%), Agriculture (20%) |
Lightweight materials, High-pressure systems |
€190 Million |
Composite-material cylinders for aviation |
|
Italy |
Construction Equipment (40%), Marine (15%), Steel Industry (20%) |
Corrosion-resistant designs, Compact hydraulic solutions |
€150 Million |
Seawater-resistant cylinders for offshore applications |
|
UK |
Oil & Gas (35%), Mining (25%), Defense (18%) |
Extreme-condition operations, Safety systems |
€130 Million |
Explosion-proof hydraulic systems |
|
Sweden |
Forestry (30%), Renewable Energy (25%), Robotics (20%) |
Eco-friendly hydraulics, Automation integration |
€110 Million |
Bio-degradable hydraulic fluid compatible cylinders |
|
Spain |
Wind Energy (28%), Automotive (22%), Agriculture (25%) |
Telescopic cylinder innovation, Smart farming solutions |
€90 Million |
Wind turbine pitch control cylinders |
|
Poland |
Construction (35%), Manufacturing (30%), Transportation (20%) |
Cost-effective manufacturing, Heavy-duty applications |
€70 Million |
Modular cylinder systems for OEMs |
North America Market Insights
The North America market is expected to hold 15.3% of the market share, and is projected to reach USD 3.3 billion by 2037, growing at a CAGR of 4.6% between 2025 - 2037. The growth in these markets is attributed to growing automation in agricultural, construction, and industrial machinery. Infrastructure bills passed, such as the U.S. Infrastructure Investment and Jobs Act (IIJA), have positively impacted the demand for hydraulic equipment. Original equipment manufacturers (OEMs) are committed to more efficient hydraulic cylinder solutions to meet sustainability guidelines and initiatives. Additionally, Canada’s focus on mining automation will improve local opportunities.
The hydraulic cylinder market in the U.S. recently crossed USD 2.5 billion in 2022 and is forecasted to exceed USD 2.6 billion by 2037, driven by widespread infrastructure upgrades, smart agricultural practices adopted by farmers, and OEM investment in industrial automation. Federal spending on infrastructure in the U.S. exceeded USD 1.3 trillion, which has created demand for hydraulic equipment in the construction and agricultural industrial segments. Major OEMs like Caterpillar and John Deere are integrating electro-hydraulic systems into their new equipment to increase energy efficiency and performance.
In Canada, the hydraulic cylinder market is forecasted to exceed USD 801 million by 2037, growing at a CAGR of 4.2%. The primary industry applications of hydraulic systems are mining, forestry, and oil & gas, since advanced hydraulic systems are an enabler for the automation of these industries and support remote operations. Public infrastructure investments in the region in 2023 exceeded CAD 34 billion, further increasing demand for hydraulic systems in the region. In addition, the Canadian government has focused on green construction and clean technologies, pushing OEMs to develop more sustainable cylinders.
Key Hydraulic Cylinder Market Players:
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The hydraulic cylinder market is very competitive, with key players like Bosch Rexroth, Parker Hannifin and Eaton providing market leadership through strong portfolios of products and penetrating and well positioned distribution networks. Initiatives to establish particular positioning include vertical amalgamations, aggressive expansion into 'emerging' markets, and investment in products that are smart hydraulics and IoT-enabled cylinders. Sustainability, customization, and after-sales service are increasingly being emphasized over product as business differentiators, leading to shifting competitive landscapes in both mature markets and developing economies.
Some of the key players operating in the market are listed below:
|
Company Name |
Country of Origin |
Market Share (2024–25) |
|
Bosch Rexroth AG |
Germany |
11.6% |
|
Parker Hannifin Corporation |
United States |
10.4% |
|
Eaton Corporation plc |
United States |
8.8% |
|
KYB Corporation |
Japan |
6.9% |
|
Caterpillar Inc. (Hydraulics Division) |
United States |
6.4% |
|
Wipro Infrastructure Engineering |
India |
xx% |
|
Hydac International GmbH |
Germany |
xx% |
|
Bucher Hydraulics GmbH |
Switzerland |
xx% |
|
Hengli Hydraulic Co., Ltd. |
China |
xx% |
|
Precision Hydraulic Cylinders (PHC) |
Australia |
xx% |
|
Doosan Hydraulic Machinery Co., Ltd. |
South Korea |
xx% |
|
Osac Engineering Sdn. Bhd. |
Malaysia |
xx% |
Here are a few areas of focus covered in the competitive landscape of the market:
Recent Developments
- In 2024, BASF leveraged its unique advancements in technical materials to launch its biodegradable polymer coatings for hydraulic cylinder rods and seals, by ISO 14001. The biodegradable polymer coatings increased corrosion resistance and reduced VOC emissions, resulting in an average reduction of 15% in total lifecycle CO₂ emissions for European OEM trialing. BASF was able to increase market share in the fleet-coating segment by 12% by the end of Q3.
- In August 2024, DuPont launched its "LowFric-2024" sealant based on PTFE, which is directed towards high-pressure hydraulic cylinders. The new seal allowed for a 20% reduction in internal friction on hydraulic cylinders and increased the time between component services from 10,000 hours as scheduled to 15,000 hours as scheduled. The new seal also supported a drop in scheduled maintenance to 30% based on reduced hydraulic component replacement. All of the low-friction seals were supplied by mid-2025 to large OEMs, including Caterpillar, Wipro, which contributed to a revenue growth of 26% YOY for DuPont.
- Report ID: 5211
- Published Date: Jun 30, 2025
- Report Format: PDF, PPT
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