Europe Hydraulic Cylinder Market Size, Share & Industry Trends Analysis Report By Function, By Specification, By Bore Size, By Application (Mobile, and Industrial), By Industry, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Europe Hydraulic Cylinder Market would witness market growth of 3.9% CAGR during the forecast period (2021-2027).
In many marine and offshore engineering applications, hydraulic cylinders are employed as linear actuators to provide unidirectional force and stroke. The power from the displacement of pressurized hydraulic fluid is transmitted via the piston inside the cylinder shell by the piston rod of these cylinders. In order to establish a leak-free connection between the piston rod and the sealing system, the surface qualities of the piston rod are crucial. The surface must be smooth and durable, as well as resistant to the surrounding environment.
Slide rings or guide bands for lateral load-bearing support of the piston rod are also included in the packaging box to avoid metal-to-metal contact. As a result, the packing box seals are engineered to offer 100 percent leak-free operation while minimizing wear and friction. Wiper rings and scraper rings are installed where the piston rod enters the packing box to prevent pollution from entering. The piston rod and sealing system's life depends on the integrity of these wiper rings. Small movements, significant lateral stresses, and a dirty environment might undermine it, resulting in an increased wear rate due to a lack of hydrodynamic lubricating film generation at these outer sealing parts.
Europe is one of the world's largest hydraulics markets. Germany is particularly intriguing, as it provides excellent chances for developing countries. Construction and engineering are the most promising segments. Concentrating on cutting-edge market areas like hybrid hydraulics could be fruitful. The growing desire of European businesses to outsource (parts of) the manufacturing process also presents opportunities.
Imports from developing countries grew the fastest. Imports from developing countries accounted for 14% of total European imports in 2015. In the coming years, the share of Developing Countries in total imports is predicted to rise to 16 percent to 17 percent. The rise of the German hydraulic cylinder industry will be aided by increased investment in the food and beverage industry, as well as rising consumer expenditure on packaged foods. Additionally, an increasing number of large-scale sectors, such as aerospace, defense and military, petrochemical, and construction, have demanded the deployment of material handling equipment, which will drive the business dynamics of the hydraulic cylinder market even further.
The Germany market dominated the Europe Hydraulic Cylinder Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,100 million by 2027. The UK market is anticipated to grow at a CAGR of 3% during (2021 - 2027). Additionally, The France market would exhibit a CAGR of 4.7% during (2021 - 2027).
Based on Function, the market is segmented into Double-acting, and Single-acting. Based on Specification, the market is segmented into Welded, Tie Rod, Telescopic, and Mill Type. Based on Bore Size, the market is segmented into 50–150 MM, <50 MM, and >150 MM. Based on Application, the market is segmented into Mobile, and Industrial. Based on Industry, the market is segmented into Construction, Aerospace, Material Handling, Mining, Agriculture, Automotive, Marine, Oil & Gas, AND Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hydraulic Cylinder Market Size will Hit $18.3 Billion by 2027, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wipro Limited, Caterpillar, Inc., Parker Hannifin Corporation, Standex International Corporation, Kawasaki Heavy Industries, Ltd., SMC Corporation, KYB Corporation, Enerpac Tool Group Corp., Ligon Industries, LLC, and HYDAC International GmbH.
Scope of the Study
Market Segments Covered in the Report:
- Tie Rod
- Mill Type
By Bore Size
- 50–150 MM
- <50 MM
- >150 MM
- Material Handling
- Oil & Gas
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Wipro Limited
- Caterpillar, Inc.
- Parker Hannifin Corporation
- Standex International Corporation
- Kawasaki Heavy Industries, Ltd.
- SMC Corporation
- KYB Corporation
- Enerpac Tool Group Corp.
- Ligon Industries, LLC
- HYDAC International GmbH
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