What is the size of the global hydraulic cylinder market?
The global hydraulic cylinder market is expected to reach USD 18.9 billion by 2030, growing at a CAGR of 4.3% from 2024 to 2031.
Who are the major players in the hydraulic cylinder market?
Major players in the hydraulic cylinder market include Eaton Corporation, Bailey International, Caterpillar, Hannon Hydraulics LLC, Texas Hydraulics, Prince Manufacturing Corporation, Parker-Hannifin Corporation, Ligon Industries, Precision Hydraulics, and Aggressive Hydraulics.
Which region is expected to have the fastest growth in the hydraulic cylinder market?
The Asia-Pacific region is expected to have the fastest growth in the hydraulic cylinder market due to factors such as growing industrialization, government initiatives, and expanding infrastructure projects.
What are the key applications of hydraulic cylinders?
Hydraulic cylinders are used in a wide range of applications, including construction equipment, automotive suspension systems, marine steering and lifting systems, agricultural machinery, and mining equipment.