Hydraulic Cylinder Market

Bosch Rexroth (Germany) and Parker-Hannifin Corporation (US) are Leading Players in the Hydraulic Cylinder Market

The global hydraulic cylinder market size is expected to grow from USD 13.4 billion in 2020 to USD 15.8 billion by 2025 at a CAGR of 3.3%. The growth of this market is attributed to rising demand in the construction industry, increasing demand in mining process equipment, and growing demand for material handling equipment.

Key players in the hydraulic cylinder market include Enerpac Tool Group (US), Bosch Rexroth (Germany), Caterpillar (US), Eaton (Ireland), KYB Corporation (Japan), Parker-Hannifin Corporation (US), SMC Corporation (Japan), Jiangsu Hengli Hydraulic (China), Wipro Enterprises (India), and HYDAC (Germany). These players have adopted various growth strategies such as product launches, contracts, agreements, expansions, and partnerships to increase their presence in the global market.

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Bosch Rexroth (Germany)

Bosch Rexroth is a subsidiary of Bosch, which is a diversified manufacturer of automotive components, consumer electronics, building technologies, and industrial solutions. The company offers hydraulic cylinders in the product group of industrial hydraulics. The company produces a wide variety of hydraulic cylinders, including standard hydraulic cylinders, application-related cylinders, and highly customized customer-specific hydraulic cylinders.  The company has a strong presence across the globe.

Parker-Hannifin Corporation (US)

Parker-Hannifin Corporation is one of the leading global manufacturers of hydraulic cylinders. The company is involved in manufacturing world-class motion and control technologies finding applications in the diversified industrial and aerospace markets. The company operates through two business segments—Diversified Industrial and Aerospace System. It provides hydraulic cylinders under the Diversified Industrial business segment. The company manufactures a diverse range of standard, special tie rod, and mill-type hydraulic cylinders suitable for all types of industrial applications. It has a worldwide presence providing services to 55 countries in major geographies, including the Americas, Europe, APAC, the Middle East, and Africa.  The current COVID-19 pandemic has accelerated the demand for the company’s products such as precision actuators and servo motors that are used in medical and scientific equipment.

Related Reports:

Hydraulic Cylinder Market with COVID-19 impact, by Function (Double-Acting, Single-Acting), Specification (Welded, Tie-Rod, Telescopic, Mill-Type), Application (Mobile and Industrial), Bore Size, Industry, and Region - Global Forecast to 2025

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Report Code
SE 5728
RI Published ON
7/14/2020
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