Seattle, WA -- (SBWIRE) -- 11/15/2017 -- According to the new market research report "Hydraulic Cylinder Market by Function (Single Acting, Double Acting), Specification (Telescopic, Tie Rod, Mill Type, Welded), Application (Mobile and Industrial), Bore size, Industry, and Region - Global Forecast to 2023", the hydraulic cylinder market is expected to be valued at USD 13.64 Billion in 2017 and is projected to reach USD 19.30 Billion by 2023, at a CAGR of 5.95% between 2017 and 2023.

Browse 66 Market Data Tables and 55 Figures spread through 154 Pages and in-depth TOC on "Hydraulic Cylinder Market - Global Forecast to 2023"

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=252743122

Early buyers will receive 10% customization on reports.

The key factor driving the growth of the hydraulic cylinder market is their rising demand in the construction industry and mining process equipment. Increasing demand for lifting equipment in the shipping industry and for material handling equipment in the aerospace & defense industry is the key opportunity for the players in the hydraulic cylinder market.

Double-acting hydraulic cylinders to hold largest share of market between 2017 and 2023

Double-acting hydraulic cylinders are suitable in presses and chippers for opening and closing drawers and for all types of raising and lowering devices. Unlike single-acting, double-acting cylinders have 2 ports i.e., cap end port and rod end port enabling them to operate hydraulically in forward as well as backward direction. Companies involved in the development of double-acting hydraulic cylinders include Hirotaka (Japan), Nordon Cylinders (Australia), SSH Stainless (Denmark), and Helipebs Controls (UK), among others.

Construction industry to hold largest share of hydraulic cylinder market between 2017 and 2023

Excavators, telehandlers, compactors, backhoe loaders, concrete and cement machines, drilling rigs, wheel loaders, loading shovels, dumper trucks, and quick hitches are deployed with heavy-duty hydraulic cylinders. These machines extensively use hydraulic cylinders for a wide range of specific purposes owing to their strength, performance, and reliability. Hydraulic cylinder providers operating in the construction industry include JARP Industries (US), Oscar Equipment (India), AH Garner (UK), and Actuant (US).

APAC held largest share of hydraulic cylinder market in 2016

APAC is the largest and fastest-growing market for hydraulic cylinders. APAC accounted for a share of ~32% of the global hydraulic cylinder market in 2016. The market in this region is expected to grow at the highest CAGR of 6.30% between 2017 and 2023. This growth is mainly attributed to the growing adoption of hydraulic cylinders across manufacturing industries. The increasing popularity of hydraulic cylinders owing to their superior results encourages more companies in APAC to install these cylinders in automated equipment. Some of the key players in the hydraulic cylinder market in APAC are Wipro (India), Apex Hydraulics (India), EZY-FIT Hydraulics. (Australia), and Yuci Hydraulics (China).

Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=252743122

The major players in the hydraulic cylinder market are Caterpillar (US), Parker Hannifin (US), Actuant (US), Eaton (Ireland), Jiangsu Hengli Hydraulic (China), Robert Bosch (Germany), and Wipro (India).

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com