COVID-19 impact on the Hydraulic Cylinder Market

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COVID-19 impact on the Hydraulic Cylinder
Market Hydraulic Cylinder Market with COVID-19
impact Analysis by Function (Double-Acting,
Single-Acting), Specification (Welded, Tie-Rod,
Telescopic, Mill-Type), Application (Mobile and
Industrial), Bore Size, Industry, and Region -
Global Forecast to 2025 https//www.marketsandmar
kets.com/Market-Reports/hydraulic-cylinders-market
-252743122.html
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The global hydraulic cylinder market size is
expected to grow from USD 13.4 billion in 2020 to
USD 15.8 billion by 2025 at a CAGR of 3.3. The
market growth is fueled by significant demand
from the construction industry and growing use in
mining equipment. Moreover, the increasing demand
for material handling equipment is also driving
the demand for hydraulic cylinders. COVID-19 has
emerged as a global pandemic that has spread
across more than 200 countries worldwide and
disrupted various industries around the world.
The dynamics upon which various industries used
to operate are set to change drastically. As the
world continues to fight this crisis, multiple
industries continue to experience a constant
decline. A sharp decline in demand from end-use
industries such as aerospace, automotive,
construction, mining, and oil gas is likely to
affect the hydraulic cylinder market. Browse 201
market data Tables and 65 Figures spread
through 239 Pages and in-depth TOC on "Hydraulic
Cylinder Market with COVID-19 impact - Global
Forecast to 2025"
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The hydraulic cylinder market for double-acting
hydraulic cylinders to grow at highest CAGR from
2020 to 2025 Double-acting hydraulic cylinders
are used in agriculture, automotive, and several
other industries owing to their retraction
property. Double-acting hydraulic cylinders have
a higher demand in mobile applications such as
lifting equipment, tractors, harvesters,
telescopic loaders, earth moving equipment,
forklifts, and heavy trucks. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id252743122 Hydraulic cylinder
market for agriculture to exhibit high growth
during the forecast period Demand for
agricultural equipment is on the rise in
agriculture-based economies of APAC such as
India, Nepal, and Myanmar, where the production
of wheat, rice, cotton, and sugarcane is
increasing to address the export demands from the
US, Hong Kong, Germany, and Vietnam among others.
 This has increased investments in machines and
equipment for precision agriculture, which is
likely to drive the demand for hydraulic
cylinders in agriculture industry.
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Hydraulic cylinder market in APAC to grow at
highest CAGR during the forecast period The
hydraulic cylinder industry in APAC is expected
to grow at the highest CAGR during the forecast
period. Japan is expected to continue to account
for the largest hydraulic cylinder market share
in APAC during the forecast period, followed by
Australia and China. The growth of the market in
APAC can be attributed to rapid industrialization
and infrastructure development. Hydraulic
cylinders are major components in both
construction equipment and agricultural
equipment. Since both equipment has high demand
in APAC, the market for hydraulic cylinders is
expected to grow at a substantial rate in the
next few years. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id252743122 Key Market Players As
of 2019, Enerpac Tool Group (US), Bosch Rexroth
(Germany), Eaton (Ireland), KYB Corporation
(Japan), Parker-Hannifin Corporation (US),
Caterpillar (US), SMC Corporation (Japan),
Jiangsu Hengli Hydraulic (China), Wipro
Enterprises (India), HYDAC (Germany) were the
major players in the hydraulic cylinder market.
The study includes an in-depth competitive
analysis of these key players in the hydraulic
cylinder market with their company profiles,
recent developments, and key market strategies.
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Attractive Opportunities in Hydraulic Cylinder
Market
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