Hydraulic Cylinder Market Size

Hydraulic Cylinder Market size was over USD 15.66 billion in 2024 and is projected to cross USD 31.29 billion by the end of 2037, growing at more than 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of hydraulic cylinder is estimated at USD 16.35 billion. The increasing demand for cranes is driving the market growth. Slew cranes, which can hoist items, suspend them in midair, and then rotate them, are becoming more and more in demand.

Furthermore, rising concerns in order to reduce labor costs in various developing countries such as India, Brazil, and others are factors that are propelling market growth.