Hydraulic Cylinder Market Share

APAC Market Forecast

Asia Pacific is expected to hold the largest market share of more than 36.6% during the forecast period. With India's population expected to increase, there will be a surge in construction activities in the coming years, leading to the expansion of the Asia Pacific hydraulic cylinder market. China's market, on the other hand, came in second in terms of revenue share due to massive investments in building operations and an uptick in original equipment manufacturers.

North American Market Forecast 

North America is projected to hold a substantial share during the forecast period. Also, the market in the US is expected to grow at a CAGR of 3.7% during the forecast period. The increase in demand for hydraulic cylinders in the region can be attributed to the growing economy and investments in infrastructure, energy and power, and other sectors. Street sweepers that are used to clean the roads rely on hydraulic cylinders for rotating the brushes. Additionally, the government's investment in commercial projects is anticipated to further drive the demand for hydraulic cylinders.