Hydraulicspneumatics 2028 Pistonsthinkstockphotos
Hydraulicspneumatics 2028 Pistonsthinkstockphotos
Hydraulicspneumatics 2028 Pistonsthinkstockphotos
Hydraulicspneumatics 2028 Pistonsthinkstockphotos
Hydraulicspneumatics 2028 Pistonsthinkstockphotos

Hydraulic-Cylinder Market Slated for Growth through 2020

Jan. 13, 2017
A report from Research and Markets predicts growth in the global hydraulic cylinder market at a compound annual growth rate (CAGR) of 4.39% over the projected period of 2016 to 2020.

A report from Research and Markets predicts growth in the global hydraulic cylinder market at a compound annual growth rate (CAGR) of 4.39% over the projected period of 2016 to 2020. Steady growth is attributed to continuous demand from agriculture, construction equipment, mining equipment, material-handling equipment, industrial equipment, aerospace, and defense sectors. 

In the report, "Global Hydraulic Cylinder Market 2016-2020", Research and Markets identifies major drivers influencing market growth. They note a rising popularity of integrated solution and services, where all components of a hydraulic system including the hydraulic cylinder, valve, and pump, are sold as a single unit or kit. A focus on integrated solutions allows vendors to improve their profitability in maintenance and aftermarket services, in addition to strengthening their relations with clients.

With predictions that the population will expand to nine-billion by 2050, the agriculture industry is slated to grow with a 3.61% CAGR. The report identifies the rising demand for food and fiber as another driving factor for growth in the hydraulic-cylinder market, especially as more agricultural processes become mechanized. 

The report also discusses challenges faced by vendors and the hydraulic cylinder market. One challenge is the limitations in repair and servicing of hydraulic cylinders that undergo failures due to noise, high fluid temperatures, and slowed operations. 

The report divides the market into three regions: Americas; Asia-Pacific; and Europe, the Middle East, and Africa. It is prepared based on market analysis and inputs from industry experts. Key vendors for the forecast period are Bosch RexrothEatonHYDACParker Hannifin, and Weber-Hydraulik

About the Author

Leah Scully | Associate Content Producer

Leah Scully is a graduate of The College of New Jersey. She has a BS degree in Biomedical Engineering with a mechanical specialization.  Leah is responsible for Hydraulics & Pneumatics’ news items and product galleries. 

Continue Reading

Motor leakage variations

Oct. 18, 2006
affect low-speed performance

The Impacts of Electrification on Fluid Power Systems

May 15, 2023
Electrification presents challenges as well as opportunities to re-evaluate and improve upon the design of hydraulics and pneumatics.

Sponsored Recommendations

7 Key Considerations for Selecting a Medical Pump

Feb. 6, 2024
Newcomers to medical device design may think pressure and flow rate are sufficient parameters whenselecting a pump. While this may be true in some industrial applications, medical...

How Variable Volume Pumps Work

Feb. 6, 2024
Variable volume pumps, also known as precision dispense pumps, are a positive displacement pump that operates by retracting a piston to aspirate a fluid and then extending the...

What is a Check Valve and How Does it Work?

Feb. 6, 2024
Acheck valve, a non-return or one-way valve, is a mechanical device that allows a gas or liquid to flow freely in one direction while preventing reverse flow in the opposite ...

The Difference Between Calibrated Orifices and Holes

Feb. 6, 2024
Engineers tasked with managing fluid flow talk about both holes and calibrated orifices, but they are two distinct entities. A hole can be any opening, but a calibrated orifice...