How big is the Hydraulic Cylinder Market?
According to 6Wresearch internal database and industry insights, the Global Hydraulic Cylinder Market was valued at USD 15.8 Billion in 2024 and is projected to reach USD 23.3 Billion by 2031, growing at a compound annual growth rate (CAGR) of 5.40% during the forecast period of 2025–2031.
This growth is driven by increasing use in construction, manufacturing, mining, and material handling industries along with rising automation in heavy-duty applications.
Key Growth Drivers of the Hydraulic Cylinder Market
- Increasing projects on infrastructure development in other parts of the world
- More demand in building equipment and in mining equipment
- Use of hydraulic cylinders in automated production plants
- Market growth in agricultural equipments
- Needs of effective systems of load handling and lift
Hydraulic Cylinder Market Trends
The hydraulic cylinder market is witnessing increased demand from the construction and earthmoving sectors due to urban development projects and road-building initiatives. Automation in industrial machinery and the shift toward energy-efficient hydraulic systems are driving innovation. There's a growing preference for smart hydraulic cylinders with built-in sensors for monitoring and precision. Manufacturers are investing in lightweight and corrosion-resistant materials, improving system life and reducing maintenance.
Emerging Developments in the Hydraulic Cylinder Market
The major players are integrating advanced sealing technologies and surface coating as a means to improve the performance. Real-time diagnostics and predictive maintenance based on IoT-based solutions are gaining popularity when it comes to integration. Eco-friendly hydraulic fluids and energy-efficient designs also are getting more attention to minimize the effect on the environment. Companies are finding a common ground with strategic mergers and partnerships to expand on the regional presence and the product line.
Major Companies in the Hydraulic Cylinder Market
- Parker Hannifin Corporation
- Bosch Rexroth AG
- Eaton Corporation plc
- SMC Corporation
- KYB Corporation
- Wipro Infrastructure Engineering
- Liebherr Group
- Caterpillar Inc.
- JARP Industries
- Enerpac Tool Group
How big is the Hydraulic Cylinder Market : FAQs
The hydraulic cylinder market was valued at USD 15.8 Billion in 2024 and is projected to reach USD 23.3 Billion by 2031.
The hydraulic cylinder market is expected to grow at a CAGR of 5.40% during 2025–2031.
Asia-Pacific, led by China and India, followed by North America and Europe.
Smart hydraulic systems, energy-efficient components, and lightweight material use.
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