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: Payel Roy, Dhruv Bhatia
Report ID: 5211
Published Date: Sep 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rapid shift towards urbanization, increasing construction activities and growing utilization of steam engines are driving the market growth.
The market size of hydraulic cylinder is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are AKKA Technologies, Liebherr Group, WEBER-HYDRAULIK GMBH, Epicor Software Corporation, Henan Modern Industrial Co., Limited, JNC CORPORATION, SMC Corporation, Daikin Industries, Ltd., NYK Group Firms, TOKYO KEIKI INC and others.
The welded segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.