What is the Market Demand for hydraulic cylinder?
The global hydraulic cylinder market is set to expand from USD 14.8 billion in 2024 to USD 21.5 billion by 2031, reflecting a compound annual growth rate (CAGR) of 5.5%. This growth is driven by an uptick in construction and infrastructure projects worldwide and increased usage across various sectors. Hydraulic cylinders, essential for applications like lifting and pushing, leverage Pascal's principle to provide powerful force with precision and reliability. Advances in technology, such as hybrid actuator systems and integrated sensors, are enhancing performance and reducing maintenance costs, further fueling market expansion.