Hydraulic cylinders, also known as hydraulic pumps, are sub-assemblies used in hydraulic power transfer systems. Hydraulic cylinders help transfer power in applications ranging from construction equipment to aviation. These cylinders are an assembly of several components, namely the barrel; cylinder caps and head; piston, which can be double acting or single acting; piston rod; seals; and rings. These cylinders are connected within the hydraulic system to form a continuous hydraulic circuit. Hydraulic cylinders are available in several configurations and functions; each is suited for a particular application. They can also be used to selectively resist the linear motion under heavy loads. Hence, these cylinders can be used in various applications.

Uninterrupted demand in industries where hydraulic systems play a vital role is the primary factor driving the hydraulic cylinder market. Irreplaceability of hydraulic systems in construction equipment, aviation, infrastructure, and manufacturing is anticipated to augment the hydraulic cylinder market. Furthermore, rapid industrialization and infrastructural development in developing nations are estimated to propel the hydraulic cylinder market. Growth in civil and military aviation in developing nations such as India, China, Malaysia, Indonesia, and Brazil is projected to drive the demand for hydraulic cylinder in aerospace applications. However, hydraulic systems and cylinders are usually bulky and messy in operation. They make the entire system or equipment heavy and large. Thus, several efforts are being made to either make them clean and compact or to find other alternate systems altogether. Hydraulics are substituted with pneumatics and electromechanical systems in several applications where cleanliness is imperative. These include food, beverage, pharmaceuticals, and medical. However, for heavy and sturdy operations there are potentially no other alternatives.

Based on the function of these cylinders, the hydraulic cylinder market can be bifurcated into single acting and double acting. The double acting segment can be further divided into single rod ended and double rod ended. In terms of type, the market can be segmented into plunger cylinders, telescopic cylinders, cable cylinders, diaphragm cylinders, and others. Each type finds niche use in particular applications. Based on application, the hydraulic cylinder market can be classified into mobile systems and stationary systems. Within mobile systems, the market can be sub-divided into construction equipment, aviation, marine, and others. The stationary systems segment can be sub-segmented into industrial machinery, infrastructure, and others.     In terms of geography, the global hydraulic cylinder market can be classified into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America and Europe are the major regions of the global hydraulic cylinder market, led by the presence of key construction equipment manufacturers such as Caterpillar and JCB. Asia Pacific is also a prominent region of the hydraulic cylinder market owing to the rise in industrialization and infrastructure growth. Demand for hydraulic cylinders is high in developed nations such as Germany, the U.S., Japan, France, and the U.K. Demand for hydraulic cylinders in industries such as construction equipment, industrial machine, aviation, and agricultural equipment is increasing at a fast pace in developing nations and regions such as China, India, Brazil, South Africa, and Southeast Asia.

Major players operating in the global hydraulic cylinder market include Parker Hannifin Corp, Caterpillar, Eaton Corporation, Dantal Hydraulics, Bailey International, and Enerpac Corp. These companies hold significant share of the hydraulic cylinder market. Thus, the hydraulic cylinder market experiences intense competition.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Hydraulic Cylinder Market

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