Global Hydraulic Cylinder Market Trend

Rockville, MD , Nov. 05, 2024 (GLOBE NEWSWIRE) — According to a new industry research report published by Fact.MR, a market research and competitive intelligence provider, the global Hydraulic Cylinder Market is analyzed to reach a value of US$ 14.83 billion in 2024 and thereafter expand at 5.7% CAGR through 2034.

The global demand for hydraulic cylinders is rising at a steady pace due to the continuous changes in manufacturing and industrial processes brought about by the advancement in industrial automation. Businesses seeking to boost productivity, accuracy, and efficiency are increasingly turning to hydraulic cylinders for these reasons.

Hydraulic cylinders endure several automated operations, including material handling, assembly, machining, and others, the power and control they need. High precision and dependability are vital in industries including aerospace and automotive, where hydraulic cylinders facilitate the seamless functioning of gear and equipment.

East Asia holds a significant portion of the worldwide market due to its well-established industrial sector and strong demand for construction and agricultural equipment. Apart from this, regional developments in hydraulic technology, especially in automation and smart cylinders, are driving market expansion even more.