Global hydraulic cylinder market size

The global hydraulic cylinder market size was valued at USD 10.94 billion in 2018 and is projected to reach USD 19.77 billion by the end of 2032, exhibiting a CAGR of 4% during the forecast period. The global hydraulic cylinders industry is driven by growing technological advancements in the hydraulic industry. The hydraulic cylinders market in the U.S. is projected to grow significantly, reaching an estimated value of USD 3.31 Bn  by 2032, driven by the rapid industrialization with increasing construction and infrastructural sector. The Asia Pacific dominated the hydraulics cylinders market with a share of 33% in 2018.