Market Size of Fluid Power Cylinder Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Fluid Power Cylinder Market Analysis
The Fluid Power Cylinder Market is expected to register a CAGR greater than 4.5% during the forecast period (2021 - 2026). The advent of jet engines for military and passenger aircrafts had spurred the use of centrifugal and axial-flow compressors. Further, the growth of automatic machinery, labor-saving devices, and automatic-control systems led to an increase in the use of fluid power cylinders.
- Many economies across the globe still lack basic infrastructure facilities such as information and communication, roads for transportation, and electric power, regarding which the governments in these economies are focusing to invest in improving infrastructure.
- This widening scope of development in the global infrastructure industry encourages several businesses to come up with solutions to enhance systems with advanced equipment and machinery to improve infrastructure in developing countries. This is anticipated to stimulate the demand for fluid power cylinders.
- The extensive use of fluid power cylinders technology for packaging machines to drive motion and actuate machine sequences has garnered more interest by machine designers and end-users on how pneumatics can improve safety and safe operating functionality in their equipment boosting the growth of the market.
Fluid Power Cylinder Industry Segmentation
Type of Fluid Power Cylinders such as Hydraulic cylinders for end users such as Construction, Agriculture, Material Handling, Aerospace & Defense, Machine Tools, and Oil & Gas. and Pneumatic cylinders for Food Processing & Packaging, Automotive, Material Handling & Assembly, Oil & Gas, Chemicals and Plastics, Semiconductor & Electronics, Metal, and Life Sciences are considered under the scope of the report.
| By Type | |
| Hydraulic Cylinder | |
| Pneumatic Cylinder |
| By End-user Industry | |||||||||
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| Geography | ||||||
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| Latin America | ||||||
| Middle-East & Africa |
Fluid Power Cylinder Market Size Summary
The fluid power cylinder market is poised for significant growth, driven by advancements in automatic machinery and the increasing demand for labor-saving devices and automatic control systems. The expansion of infrastructure in developing economies is a key factor stimulating this market, as governments invest in enhancing basic facilities such as transportation and electric power. This investment encourages businesses to adopt advanced equipment, including fluid power cylinders, to improve infrastructure. Additionally, the integration of fluid power technology in packaging machines has garnered interest for its potential to enhance safety and functionality, further propelling market growth. The market is also witnessing a rise in the adoption of electro-hydraulic cylinders, or smart cylinders, which offer improved control and performance through electronic integration, thereby expanding their application scope.
In North America, the demand for hydraulic and pneumatic cylinders is bolstered by the region's leadership in automated equipment usage across various industries. The significant energy consumption of compressed air systems in manufacturing highlights their importance, driving the market for fluid power cylinders. The production increase of commercial vehicles and heavy-duty trucks, along with the growth in railway manufacturing, supports market expansion. The construction industry's growth, particularly in the United States, further fuels demand for heavy-duty machinery and trucks. The market is characterized by fragmentation, with major players like Parker Hannifin, Festo, and Bosch Rexroth competing alongside local vendors. These international companies are leveraging merger and acquisition strategies to strengthen their market position, as seen with Kawasaki Heavy Industries' establishment of a new plant in India to cater to the construction industry's hydraulic equipment needs.
Fluid Power Cylinder Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Demand for Material Handling Equipment
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1.3 Market Restraints
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1.3.1 High Cost of Maintenance of the Cylinders Over the Entire Lifespan
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1.4 Industry Value Chain Analysis
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1.5 Porters Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Distribution Channel Analysis
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Hydraulic Cylinder
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2.1.2 Pneumatic Cylinder
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2.2 By End-user Industry
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2.2.1 Hydraulic Cylinder
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2.2.1.1 Construction
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2.2.1.2 Agriculture
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2.2.1.3 Material Handling
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2.2.1.4 Aerospace & Defense
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2.2.1.5 Machine Tools
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2.2.1.6 Oil & Gas
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2.2.1.7 Other End-user Industries
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2.2.2 Pneumatic Cylinder
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2.2.2.1 Food Processing & Packaging
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2.2.2.2 Automotive
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2.2.2.3 Material Handling & Assembly
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2.2.2.4 Oil & Gas, Chemicals and Plastics
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2.2.2.5 Semiconductor & Electronics
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2.2.2.6 Life Sciences
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2.2.2.7 Other End-user Industries
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Rest of Asia-Pacifc
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2.3.4 Latin America
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2.3.5 Middle-East & Africa
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Fluid Power Cylinder Market Size FAQs
What is the current Fluid Power Cylinder Market size?
The Fluid Power Cylinder Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Fluid Power Cylinder Market?
Bosch Rexroth Corporation, Parker Hannifin Corp, Eaton Corporation Inc., Danfoss A/S and Festo SE & Co. KG are the major companies operating in the Fluid Power Cylinder Market.
