According to Stratistics MRC, the Global Fluid Power Cylinder Market is growing at a CAGR of 6.5% during the forecast period. Increasing demand for material handling equipment is the major factor propelling the market growth. However, high cost of maintenance of the cylinders over the entire lifespan is hampering the market growth.
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By geography, North America is going to have a lucrative growth during the forecast period due to the accession in production and sales of commercial vehicles and off-highway trucks, combined with the increased production of the railways such as high-speed train’s production. The region has been witnessing a significant growth in the construction activities, which is increasing the demand for heavy-duty trucks and machinery, thereby aiding market growth.
Some of the key players profiled in the Fluid Power Cylinder Market include Precision Hydraulic Cylinders Inc., Pacoma GmbH, Jiangsu Hengli Hydraulic Co Ltd., Festo SE & Co. KG, SMC Corporation, Danfoss A/S, Bosch Rexroth Corporation, Parker Hannifin Corp, Eaton Corporation PLC, and HYDAC Verwaltung GmbH.
End Users Covered:
• Pneumatic Cylinder
• Hydraulic Cylinder
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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