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Hydraulic Cylinder Market size is forecast to reach $1.65 billion by 2026, at CAGR of 5.1% during 2021-2026. Hydraulics cylinder transform the agricultural industry by introducing the use of modern agricultural equipment, including hydraulic equipment and machinery, has allowed farm workers to reduce the number of farm workers needed in day-to-day operations. This declining demand has translated into a growing number of people moving from agriculture to other sectors. Hydraulic power is one of the key factors in the transformation of the agricultural industry. In addition to increasing efficiency and productivity in agricultural activities, hydraulic machinery offers many other benefits like material handling equipment. Pressurized hydraulic fluid is needed in areas with high pressure where the liquid needs to be able to withstand high pressure. The suppressant oil supplements used here will usually have anti-wear properties. As the demand for greater control and functionality increases, position-sensor-instrumented hydraulic cylinders are becoming more important in the heavy industry, mobile equipment, and subsea worlds which in turn increase the need for hydraulic cylinder during the forecast 2021-2026. The Pneumatic cylinders are graphical devices that use compressed gas energy to generate energy through the corresponding motion. Rising investment across chemical industry to cater the requirement of linear hydraulic motor will drive the product demand. Thus, the growing demand in material handling equipment has a powerful and economic impact in the market.
Hydraulic Cylinder Market Segment Analysis – By Type
Based on type segmentation, the Double-acting cylinders are analyzed to grow with the highest CAGR of around 5.8% during the forecast period 2021-2026. Double-acting cylinders have an advantage over other types of cylinders. The presence of the ram’s lips allows the rod to be further supported inside the cylinder in all the increasing and repulsive processes. The advantage of double cylinders is that they are easily accessible because they are the most widely used compression cylinders. They are reliable, and energy efficient which increases the market demands from end users in order to increase the productivity. Double-acting cylinders require less hydraulic fluid, are faster in control, and work more efficiently over and over again. Double-acting cylinders have clearly defined stroke rates and have a wide range of potential applications such as ship motors, industrial plant, drilling rigs, lifting shafts and steering systems, thereby creating requirements in the market and boosting sales in hydraulic cylinders of manufactures.
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Hydraulic Cylinder Market Segment Analysis – By End-users
The Hydraulic Cylinder in the agricultural industry is expected to dominate the market at CAGR of over 6.2% from 2020 to 2026, which has significantly changed the agricultural industry especially in terms of production and production methods. By adopting presses, industrial expert reduced the amount of energy required (both in terms of personnel and work animals), reduce the risk of injury (due to the low number of hours spent working in the field), and reduce the amount of rest between agricultural activities, increased individual productivity and productivity. From planting crops to harvesting and raising cattle to slaughter, many agricultural activities depend on hydraulic systems. Since agricultural and livestock activities depend on small windows of opportunity called seasonal and market conditions, work disruptions are detrimental to the farmer’s profits. Currently, only about 1% of U.S. people work in agriculture. Hydraulic equipment is particularly beneficial in reducing downtime and maintaining high productivity.
Hydraulic Cylinder Market Segment Analysis – By Geography
The Asia-Pacific region has highest share at the CAGR of 30.6%, over 2021-2026. The rise in demand in Asia-Pacific region has also become the hub for Western markets to outsource the manufacture of their hydraulic cylinders. The rapidly growing emerging economies, which are mainly China and India in terms of both economy and infrastructure, have significantly increased the demand for hydraulic cylinders in the past five years. India and China are the major markets for hydraulic cylinders in the Asia-Pacific region. The hydraulic cylinder market in India has been growing at an average of more than 20%.
Hydraulic Cylinder Market Drivers
The growing demand in material handling equipment has a powerful and economic impact in the market
The growing demand for equipment handling equipment in the food and beverage industry is creating direct demand of conveyor belts and organizational lines that will facilitate the installation of these products. In addition, the increased use of small-scale, energy-saving and low-maintenance equipment to ensure efficiency in all industries including manufacturing, chemicals and agriculture will propel the market and impact the manufactures. The growing demand for management equipment that contributes to economic development will improve the cylinder industry around the world. Growing demand for small cranes, high-end travel, forks and agricultural machinery will increase production demand in the coming years. Increasing demand for high-quality agricultural equipment and population growth will trigger the need for a pressure cylinder. For instance, the expansion in infrastructure development through economic development will further favor the business environment. In 2019, the Parker Hybrid Actuation System (HAS) solution integrates the entire compression system into one. This component is connected to an actuator connected to a local control area. This removes the central power supply with its electric motor and pump water storage, and associated valuing and removes the need for pipes and tubes connected to the actuator, reducing the overall cost of the hydraulic system.
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Hydraulic Cylinder Market Challenges
In – Rod to Piston Link, the increase in pressure causes to fail the hydraulic cylinder prematurely which is one of the major challenges of the market
The visible rod-to-piston connector is a single design cylinder design that seems very difficult to handle properly. The diameter of the cylinder and the width of the rod are usually chosen in the pre-pressure low-pressure design. This can make the interface tend to fail prematurely if the fastener is too small or the interface area is too small. When the rod and piston load is loaded over the metal harvesting area, material movement occurs, allowing the piston to loosen and cause further damage. The design of the 5,000-psi piston did not have a cord large enough, so the rod broke at the end of the threads. Also, the rod bearing area is very small, allowing the piston to be cooler than the rod. Therefore, hydraulic system working pressures increase, and become challenging to adopt the Rod-to-Piston Interface
Hydraulic Cylinder Market Landscapes
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Hydraulic Cylinder Market. The Hydraulic Cylinder top 10 companies include:
Kawasaki Heavy Industries
OTP industrial solution
In March 2019, Bosch Rexroth plans to expand its territory in Xi’an, China. The 24,000-square-foot facility will have production and digital facilities connected to support customers and staff. The expansions will double Bosch Rexroth’s development and production capacity in Xi’an.
In May 2019, Cylinder Division of Parker Hannifin introduced the HAS 500, the new Hybrid Actuation System. The Parker Hybrid Actuation System (HAS) solution integrates the entire compression system into one. This removes the central power supply with its electric motor and pump water storage and removes the need for pipes and tubes connected to the actuator, reducing the overall cost of the hydraulic system.
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