Worldwide Hydraulic Cylinder Industry to 2025 - Key Drivers, Challenges and Trends

The hydraulic cylinder market is growing rapidly around the world, with heavy pressures from different driving forces that impact multiple industries. The Business Research Company projected the industry to hit $19.3 billion in 2024 and would increase to $20.34 billion in 2025, having a compound annual growth rate of 5.4%.

Key Drivers

Mechanization of Agriculture: With the increased adoption of advanced machinery in agriculture, efficiency and productivity increase, thereby increasing the demand for hydraulic cylinders.

Construction Machinery Growth: Global infrastructure projects have significantly increased the use of construction equipment, in which hydraulic cylinders play a vital role.

This increased interest in renewable energy is making the world push towards hydraulic systems for their application in renewable sources of energy like wind and solar power plants that require pitch control of the blade and tracking mechanism.