Rise in demand for heavy construction is expected to drive the Hydraulic Cylinder market expansion shortly at a CAGR of 5.20% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Hydraulic Cylinder Market” that contains information from 2018 to 2032. The Hydraulic Cylinder Market is estimated to register a CAGR of 5.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Hydraulic Cylinder Market— Parker-Hannifin Corporation (US), Caterpillar (US), KYB Corporation (Japan), Bosch Rexroth (Germany), Eaton (Ireland), Enerpac Tool Group (US), SMC Corporation (Japan), HYDAC (Germany), Wipro Enterprises (India), and The Jiangsu Hengli Hydraulic Co., Ltd. (China)

Market Highlights

The global Hydraulic Cylinder Market is accounted to register a CAGR of 5.20% during the forecast period and is estimated to reach USD 23.35 billion by 2032.

The rising utilization of material handling equipment, including industrial trucks, platform trucks, hand trucks, and Automated Guided Vehicles (AGVs), contributes to the market's demand. Simultaneously, ongoing focus on the development of smart hydraulic cylinders presents an opportunity for market expansion.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Hydraulic Cylinder market global trends

Segment Analysis

The global Hydraulic Cylinder Market has been segmented based on Function, Specification, Application, Bore Size, and Industry.

Based on the Function, the market is segmented into Single-acting and Double-acting. The Double-acting segment was attributed to holding the largest market share in 2022.  Due to their retraction capabilities, these cylinders find application in various industries, including aerospace, automotive, and agriculture. They are particularly in demand for mobile applications such as lifting equipment, earthmoving machinery, forklifts, and heavy trucks. Double-acting hydraulic cylinders are well-suited for use in presses and chippers, facilitating tasks like opening and closing drawers. Additionally, they are employed in various raising and lowering devices, such as excavators and cranes.

Based on the Specification, the Hydraulic Cylinder Market has been segmented into Welded, Tie Rod, Telescopic, and Mill Type. The Welded segment was expected to hold the largest market share in 2022. The substantial market size of welded hydraulic cylinders is primarily due to their prevalence in mobile hydraulic applications, including construction equipment, material handling equipment, mining machinery, and forklifts. These cylinders are the preferred choice in situations where space is limited, thanks to their short length and compact design, allowing them to seamlessly fit into the confined spaces of machinery. Notably more durable than tie-rod cylinders, they eliminate concerns related to tie-rod stretch at high pressures and long strokes, minimizing the risk of failures.

Based on the Application, the Hydraulic Cylinder Market has been segmented into Industrial and Mobile. The Mobile segment was expected to hold the largest market share in 2022. Hydraulic cylinders are essential for the operation of mobile equipment like excavators, loaders, and cranes. In the mobile equipment industry, hydraulic cylinders find applications in tasks such as earthmoving, material handling, mining, and defense. The growing levels of industrialization and increased construction activities are expected to contribute to a rising demand for hydraulic cylinders in various mobile applications.

Based on the Bore Size Type, the Hydraulic Cylinder Market has been segmented into <50 MM, 50-150 MM, and >150 MM. The 50-150 MM segment was expected to hold the largest market share in 2022. Hydraulic cylinders are utilized in various construction, earthmoving, material handling, and agricultural equipment. The surge in construction activities, the swift development of storage and material handling infrastructure, and the ongoing modernization of agricultural equipment collectively drive the demand for hydraulic cylinders. This demand is particularly notable for hydraulic cylinders with a bore size falling within the range of 50 to 150 mm.

Based on the Industry, the Hydraulic Cylinder Market has been segmented into Construction, Aerospace, Material Handling, Agriculture, Mining, Automotive, Marine, Oil & Gas, and Others. The Agriculture segment was expected to hold the largest market share in 2022. The extensive usage of hydraulic cylinders in agricultural equipment, including loaders, harvesters, tractors, seed conveyors, and other machinery, is anticipated to drive the upward trajectory of the hydraulic cylinders market in the forecasted period. According to various sources, the global agricultural machinery market is expected to achieve a significant valuation of USD 282 billion, projecting a CAGR of 8.7%. The World Bank Group, a prominent financier of rural agriculture, demonstrated its commitment with investments totaling USD 6.8 billion in 2018. With the global population forecasted to reach 9 billion by 2050, there is an evident impact on the escalating demand for agricultural machinery, consequently fueling the growth of the global hydraulic cylinder market.

Regional Analysis

The global Hydraulic Cylinder Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Hydraulic Cylinder Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Hydraulic Cylinder Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Hydraulic Cylinder Market comprises of Middle East, Africa, and Latin America.

The largest market share for the Hydraulic Cylinder Market was maintained by the North American regional sector. North America stands as the primary revenue contributor to the global market, propelled by a notable increase in investments within the construction industry. Notably, in November 2021, the U.S. Government sanctioned the Infrastructure Investment and Jobs Act, a substantial USD 1.2 trillion infrastructure bill. The enactment of this bill is anticipated to create significant demand for construction services, materials, and equipment. Furthermore, both the U.S. and Canadian governments exhibit a heightened commitment to fortifying the aerospace and defense sector, a trend poised to further elevate the demand for hydraulic cylinders in North America.

Moreover, the Europe market has been persistently growing over the forecast period. The anticipated renovation and decarbonization efforts in European buildings are poised to elevate the demand for hydraulic-based equipment, including excavators, bulldozers, trucks, and cranes in the region. To align with the European Union's climate objectives, the building sector is mandated to achieve a substantial 60% reduction in greenhouse gas (GHG) emissions by 2030 and complete decarbonization by 2050. As outlined by the European Commission, the building sector must achieve a 60% reduction in greenhouse gas emissions by 2030, relative to the levels in 2015, to successfully meet the EU's climate targets. This imperative is expected to drive growth in Europe throughout the forecast period.

The burgeoning demand for agricultural, construction, and mining equipment in the Asia-Pacific (APAC) region is a key driver for the market's growth. The region is experiencing a surge in demand for food, driven by its growing population, and is undergoing increasing industrialization in emerging countries. According to Invest India, the United Nations projects India's population to reach 1.64 billion by 2047, with an estimated 51% residing in urban centers. India, as one of the leading recipients of Foreign Direct Investment (FDI), has seen substantial inflows in the construction development sector, amounting to $32 billion from April 2000 to September 2023. As of 2030, cities in India are expected to generate 70% of the country's GDP, according to the McKinsey Global Institute (MGI) in 2011. Under the National Infrastructure Pipeline (NIP), India has allocated a substantial investment budget of $1.4 trillion, with specific allocations for renewable energy, roads and highways, urban infrastructure, and railways.

Furthermore, the rest of the world's Hydraulic Cylinder Market is divided into the Middle East, Africa, and Latin America. The increasing demand for machinery associated with agriculture, construction, and extraction activities is propelling the expansion of the market in this region. Additionally, government investments in the development of smart cities and commercial projects are anticipated to further stimulate the demand for hydraulic cylinders in the market.

Key Findings of the Study

• The global Hydraulic Cylinder Market is expected to reach USD 23.35 billion by 2032, at a CAGR of 5.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because of the increasing requirement for hydraulic equipment in various industries, such as infrastructure and construction, automotive, renewables, machine tooling, and logistics.


• Based on Functions, the Double-acting segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.


• Parker-Hannifin Corporation (US), Caterpillar (US), KYB Corporation (Japan), Bosch Rexroth (Germany), Eaton (Ireland), Enerpac Tool Group (US), SMC Corporation (Japan), HYDAC (Germany), Wipro Enterprises (India), and The Jiangsu Hengli Hydraulic Co., Ltd. (China)