OCEAN VIEW, Delaware, November 7, 2016 /PRNewswire/ --
Hydraulic Cylinder Market size is expected to reach USD 16.44 billion by 2025, according to a new research report by Global Market Insights, Inc.
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Rapid industrialization coupled with increasing infrastructural spending will drive the global hydraulic cylinder market size. In 2016, the Government of India had announced an investment of over USD 325 million in the infrastructure sector by 2020.
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Positive outlook in construction sector coupled with increasing adoption of mechanized agricultural equipment will boost industry growth. Increasing demand for material handling equipments including cranes, forklifts and production line conveyors will boost global hydraulic equipment market size. Retrofit and replacement of existing equipment is likely to favor industry growth.
Weak economic indicators may restrain industry demand over the next five years. Double acting hydraulic cylinder market share dominated the industry with over USD 7 billion revenue in 2015, owing to increasing demand for mobile equipment. Welded hydraulic cylinder market dominated the product landscape and could surpass USD 11 billion revenue by 2025. These are widely used in heavy equipment and requires high end customization.
Browse key industry insights spread across 165 pages with 474 market data tables & 11 figures & charts from the report, "Hydraulic Cylinder Market Size By Function (Single Acting, Double Acting), By Product (Tie rod, Welded), By Application (Mobile, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, Italy, Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Azerbaijan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, China, Japan, India, Brazil, Argentina), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2025" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hydraulic-cylinder-market
Key insights from the report include:
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Hydraulic cylinder market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2025, for the following segments:
Global Hydraulic Cylinder by Function
Global Hydraulic Cylinder by Product
Global Hydraulic Cylinder by Application
The above information is provided on a regional and country basis for the following:
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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