Hydraulic Intensifier Market Size

Hydraulic Intensifier Market size is expected to cross USD 71 Billion by the end of 2036, growing at a CAGR of 4% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of hydraulic intensifier was over USD 43 Billion. The growth of the market is due to the expansion of urbanization. Approximately 4.4 billion people, or 56% of the world's population, live in cities today. By 2050, over seven out of ten people will live in cities as a result of this trend, with the urban population predicted to have more than doubled from its current level.

In addition, the industry is expected to rise as a result of rising investments in infrastructure development. Governments everywhere are making significant investments in the construction of infrastructure, especially in emerging nations. Due to this, demand for machinery and construction equipment, particularly hydraulic intensifiers, has increased dramatically, propelling market expansion.