Hydraulic Cylinder Market Trends

Growth Drivers

• Rapid Shift towards Urbanization – The hydraulic cylinder market is expanding more quickly due to the rapid urbanization occurring in developing nations like China, India, Indonesia, and other nations. The industry is expanding as a result of new infrastructure plans and advances in nations like China and India. About 65.2% of Chinese citizens were urban dwellers in 2022. In China, the rate of urbanization has been rising consistently over several decades.
• Increasing Construction Activities – Due to the growth in construction activities in various regions the market is growing at a rapid rate. China is one of the largest countries with a vast construction industry. Also, the increasing implementation of autonomous construction equipment has also propelled market growth.
• Growing Utilization of Steam Engines – The market will be driven by the increasing use of steam and ongoing efforts to deploy energy-efficient equipment across various industries. It is anticipated that demand will exceed further in areas where the working fluid acts alternately on both sides of the piston, such as forklifts, heavy trucks, and earth-moving equipment.

Challenges

• Higher Cost Associated with Manufacturing and Maintenance – SMEs encounter significant cost barriers upon entering the hydraulic cylinder market. In addition to the initial manufacturing expense, hydraulic cylinders demand regular maintenance to prevent oil leakages and other malfunctions. Such expenses inevitably increase over time, potentially hindering market growth.
• Presence of Alternatives
• Corrosive in Nature