Global Hydraulic Cylinder Market by Designs (Tie Rod Cylinder, Welded Body Cylinder, Telescopic, and Mill Type), Bore Size (<50 mm, 50–150 mm, and >150 mm), Functions (Single Acting and Double Acting), Applications (Industrial Equipment and Mobile Equipment), Industries (Construction, Aerospace & Defense, Material Handling, Agriculture, Mining, Automotive, Marine, Oil & Gas, and Others), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)
Market Outlook:
The Global Hydraulic Cylinder Market was valued at USD 11,569.3 Mn in 2019 and is projected to reach around USD 18,217.8 Mn by 2027, expanding at CAGR of 6.3% during the forecast period. In terms of volume, the market is estimated to expand at a CAGR of 6.0% between 2020 and 2027. A hydraulic cylinder consists of a piston rod, piston, and cylindrical barrel. The piston is placed within the barrel, which is connected to the piston rod. The cylinder head and the cylinder bottom, close the head and bottom of the barrel, respectively. The cylinder bottom and the piston rod are mounted with mounting clevises or brackets. The cylinder head is the side from where the piston rod exits the cylinder. The piston in the hydraulic cylinder consists of seals and sliding rings.
Market Dynamics
The global hydraulic cylinder market is driven by rising demand for material handling equipment and ongoing construction activities, which are anticipated to contribute to economic growth. Growing applications of hydraulic cylinder across overhead traveling cranes, agricultural machines, forklifts, and luffing cranes are projected to fuel product demand during the forecast period. In hydraulic cylinder increases the concern regarding oil leak, as it is hazardous to the environment. Various factors such as connections, inappropriate fittings, and environmental parameters leads to oil leakage in hydraulic cylinders are restraining the market. Rise in the demand for lifting equipment in the shipping industry is fueling the demand for hydraulic cylinders.
Segmental Outlook
By Designs
Definitions
Tie Rod Cylinder
Tie rod cylinder have rectangular or square end caps, which is fastened to each end by the barrel rods that pass-through holes in the corners of the end caps. The end of each tie rod has a nuts thread that secures the end caps of the barrel. End-cap/barrel interface static seals are used to prevent leakages. Tie rod cylinder is available in various designs such as four tie rods on the cylinder, which thread into tapped holes on one of the end caps.
Freestanding Hydraulic Cylinder
Welded body cylinders do not consist of tie rods. However, the ports of the welded body cylinders are welded to the barrel, which is welded directly to the end caps. The front rod of the gland is threaded or bolted into the cylinder barrel, which allows the rod seals and piston rod assembly to be removed from services. Moreover, welded body cylinder consists of the end flanges that are welded to the barrel and the end caps that are attached to each flange.
Telescopic
Telescoping cylinders have five or more sets of stages or tubing that are nested inside one another. Each stage of telescoping cylinders is equipped with a bearing and seal surface, which act as piston rod and cylinder barrel. The telescoping cylinders are available in the single-acting stage, although the double-acting version is available in the market.
By Applications
In terms of applications, the hydraulic cylinder market is bifurcated into single-acting and double-acting hydraulic cylinders. The single-acting segment is projected to grow at a significant pace due to rising demand for material handling equipment in the food & beverage industry, as it creates a linear motion for the assembly lines and conveyor belts. Moreover, growing demand for low maintenance, energy-efficient, and emission less equipment in various industries such as food & beverage, chemical, and manufacturing are expected to create the demand for single-acting hydraulic cylinder during the forecasted period.
Regional Outlook
Based on regions, the global hydraulic cylinder market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is a prominent region of the hydraulic cylinder market due to the rise in infrastructure and industrialization. The demand for hydraulic cylinders is high in developed nations such as the UK, France, Japan, the US, and Germany. Moreover, the demand for hydraulic cylinders is expected to rise in various industries such as agricultural equipment, aviation, industrial machine, and construction equipment in countries such as South Africa, Brazil, India, and China.
Competitive Landscape
- Key players in the market include KYB Americas Corporation, PARKER HANNIFIN CORP, Robert Bosch GmbH, Caterpillar, and Eaton. These players are considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and increasing demand for products.
- These players are adopting key strategies such as product development and geographical expansion to increase their presence in the hydraulic cylinder market.
- In 2020, SMC Corporation launched new product called heavy duty stopper cylinder, which help prevent the lever damage when transferred workpiece moves backward.
- In 2019, PARKER HANNIFIN CORP acquired LORD Corporation, the US-based company, for approximately USD 3.7 Billion in cash. From this transaction, PARKER HANNIFIN CORP is expected to have strong material science capabilities, aerospace, and electrification product offerings.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global hydraulic cylinder market
- Historical, current and projected market size in terms of value and volume
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on global hydraulic cylinder market performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydraulic Cylinder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hydraulic Cylinder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydraulic Cylinder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hydraulic Cylinder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hydraulic Cylinder Market Size & Forecast, 2017-2027
4.5.1 Hydraulic Cylinder Market Size and Y-o-Y Growth
4.5.2 Hydraulic Cylinder Market Absolute $ Opportunity
Chapter 5 Global Hydraulic Cylinder Market Analysis and Forecast By Design
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Design
5.1.2 Basis Point Share (BPS) Analysis By Design
5.1.3 Absolute $ Opportunity Assessment By Design
5.2 Hydraulic Cylinder Market Size & Volume Forecast By Design
5.2.1 Tie Rod Cylinder
5.2.2 Welded Body Cylinder
5.2.3 Telescopic
5.2.4 Mill Type
5.3 Market Attractiveness Analysis By Design
Chapter 6 Global Hydraulic Cylinder Market Analysis and Forecast By Bore Size
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Bore Size
6.1.2 Basis Point Share (BPS) Analysis By Bore Size
6.1.3 Absolute $ Opportunity Assessment By Bore Size
6.2 Hydraulic Cylinder Market Size & Volume Forecast By Bore Size
6.2.1 <50 mm
6.2.2 50–150 mm
6.2.3 >150 mm
6.3 Market Attractiveness Analysis By Bore Size
Chapter 7 Global Hydraulic Cylinder Market Analysis and Forecast By Function
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Function
7.1.2 Basis Point Share (BPS) Analysis By Function
7.1.3 Absolute $ Opportunity Assessment By Function
7.2 Hydraulic Cylinder Market Size & Volume Forecast By Function
7.2.1 Single Acting
7.2.2 Double Acting
7.3 Market Attractiveness Analysis By Function
Chapter 8 Global Hydraulic Cylinder Market Analysis and Forecast By Application
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities By Application
8.1.2 Basis Point Share (BPS) Analysis By Application
8.1.3 Absolute $ Opportunity Assessment By Application
8.2 Hydraulic Cylinder Market Size & Volume Forecast By Application
8.2.1 Industrial Equipment
8.2.2 Mobile Equipment
8.3 Market Attractiveness Analysis By Application
Chapter 9 Global Hydraulic Cylinder Market Analysis and Forecast By Industry
9.1 Introduction
9.1.1 Key Market Trends & Growth Opportunities By Industry
9.1.2 Basis Point Share (BPS) Analysis By Industry
9.1.3 Absolute $ Opportunity Assessment By Industry
9.2 Hydraulic Cylinder Market Size & Volume Forecast By Industry
9.2.1 Construction
9.2.2 Aerospace & Defense
9.2.3 Material Handling
9.2.4 Agriculture
9.2.5 Mining
9.2.6 Automotive
9.2.7 Marine
9.2.8 Oil & Gas
9.2.9 Others
9.3 Market Attractiveness Analysis By Industry
Chapter 10 Global Hydraulic Cylinder Market Analysis and Forecast by Region
10.1 Introduction
10.1.1 Key Market Trends & Growth Opportunities by Region
10.1.2 Basis Point Share (BPS) Analysis by Region
10.1.3 Absolute $ Opportunity Assessment by Region
10.2 Hydraulic Cylinder Market Size Forecast by Region
10.2.1 North America
10.2.2 Europe
10.2.3 Asia Pacific
10.2.4 Latin America
10.2.5 Middle East & Africa (MEA)
10.3 Market Attractiveness Analysis by Region
Chapter 11 Coronavirus Disease (COVID-19) Impact
11.1 Introduction
11.2 Current & Future Impact Analysis
11.3 Economic Impact Analysis
11.4 Government Policies
11.5 Investment Scenario
Chapter 12 North America Hydraulic Cylinder Analysis and Forecast
12.1 Introduction
12.2 North America Hydraulic Cylinder Market Size Forecast by Country
12.2.1 U.S.
12.2.2 Canada
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 North America Hydraulic Cylinder Market Size & Volume Forecast By Design
12.6.1 Tie Rod Cylinder
12.6.2 Welded Body Cylinder
12.6.3 Telescopic
12.6.4 Mill Type
12.7 Basis Point Share (BPS) Analysis By Design
12.8 Absolute $ Opportunity Assessment By Design
12.9 Market Attractiveness Analysis By Design
12.10 North America Hydraulic Cylinder Market Size & Volume Forecast By Bore Size
12.10.1 <50 mm
12.10.2 50–150 mm
12.10.3 >150 mm
12.11 Basis Point Share (BPS) Analysis By Bore Size
12.12 Absolute $ Opportunity Assessment By Bore Size
12.13 Market Attractiveness Analysis By Bore Size
12.14 North America Hydraulic Cylinder Market Size & Volume Forecast By Function
12.14.1 Single Acting
12.14.2 Double Acting
12.15 Basis Point Share (BPS) Analysis By Function
12.16 Absolute $ Opportunity Assessment By Function
12.17 Market Attractiveness Analysis By Function
12.18 North America Hydraulic Cylinder Market Size & Volume Forecast By Application
12.18.1 Industrial Equipment
12.18.2 Mobile Equipment
12.19 Basis Point Share (BPS) Analysis By Application
12.20 Absolute $ Opportunity Assessment By Application
12.21 Market Attractiveness Analysis By Application
12.22 North America Hydraulic Cylinder Market Size & Volume Forecast By Industry
12.22.1 Construction
12.22.2 Aerospace & Defense
12.22.3 Material Handling
12.22.4 Agriculture
12.22.5 Mining
12.22.6 Automotive
12.22.7 Marine
12.22.8 Oil & Gas
12.22.9 Others
12.23 Basis Point Share (BPS) Analysis By Industry
12.24 Absolute $ Opportunity Assessment By Industry
12.25 Market Attractiveness Analysis By Industry
Chapter 13 Europe Hydraulic Cylinder Analysis and Forecast
13.1 Introduction
13.2 Europe Hydraulic Cylinder Market Size Forecast by Country
13.2.1 Germany
13.2.2 France
13.2.3 Italy
13.2.4 U.K.
13.2.5 Spain
13.2.6 Russia
13.2.7 Rest of Europe
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Europe Hydraulic Cylinder Market Size & Volume Forecast By Design
13.6.1 Tie Rod Cylinder
13.6.2 Welded Body Cylinder
13.6.3 Telescopic
13.6.4 Mill Type
13.7 Basis Point Share (BPS) Analysis By Design
13.8 Absolute $ Opportunity Assessment By Design
13.9 Market Attractiveness Analysis By Design
13.10 Europe Hydraulic Cylinder Market Size & Volume Forecast By Bore Size
13.10.1 <50 mm
13.10.2 50–150 mm
13.10.3 >150 mm
13.11 Basis Point Share (BPS) Analysis By Bore Size
13.12 Absolute $ Opportunity Assessment By Bore Size
13.13 Market Attractiveness Analysis By Bore Size
13.14 Europe Hydraulic Cylinder Market Size & Volume Forecast By Function
13.14.1 Single Acting
13.14.2 Double Acting
13.15 Basis Point Share (BPS) Analysis By Function
13.16 Absolute $ Opportunity Assessment By Function
13.17 Market Attractiveness Analysis By Function
13.18 Europe Hydraulic Cylinder Market Size & Volume Forecast By Application
13.18.1 Industrial Equipment
13.18.2 Mobile Equipment
13.19 Basis Point Share (BPS) Analysis By Application
13.20 Absolute $ Opportunity Assessment By Application
13.21 Market Attractiveness Analysis By Application
13.22 Europe Hydraulic Cylinder Market Size & Volume Forecast By Industry
13.22.1 Construction
13.22.2 Aerospace & Defense
13.22.3 Material Handling
13.22.4 Agriculture
13.22.5 Mining
13.22.6 Automotive
13.22.7 Marine
13.22.8 Oil & Gas
13.22.9 Others
13.23 Basis Point Share (BPS) Analysis By Industry
13.24 Absolute $ Opportunity Assessment By Industry
13.25 Market Attractiveness Analysis By Industry
Chapter 14 Asia Pacific Hydraulic Cylinder Analysis and Forecast
14.1 Introduction
14.2 Asia Pacific Hydraulic Cylinder Market Size Forecast by Country
14.2.1 China
14.2.2 Japan
14.2.3 South Korea
14.2.4 India
14.2.5 Australia
14.2.6 South East Asia (SEA)
14.2.7 Rest of Asia Pacific (APAC)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Asia Pacific Hydraulic Cylinder Market Size & Volume Forecast By Design
14.6.1 Tie Rod Cylinder
14.6.2 Welded Body Cylinder
14.6.3 Telescopic
14.6.4 Mill Type
14.7 Basis Point Share (BPS) Analysis By Design
14.8 Absolute $ Opportunity Assessment By Design
14.9 Market Attractiveness Analysis By Design
14.10 Asia Pacific Hydraulic Cylinder Market Size & Volume Forecast By Bore Size
14.10.1 <50 mm
14.10.2 50–150 mm
14.10.3 >150 mm
14.11 Basis Point Share (BPS) Analysis By Bore Size
14.12 Absolute $ Opportunity Assessment By Bore Size
14.13 Market Attractiveness Analysis By Bore Size
14.14 Asia Pacific Hydraulic Cylinder Market Size & Volume Forecast By Function
14.14.1 Single Acting
14.14.2 Double Acting
14.15 Basis Point Share (BPS) Analysis By Function
14.16 Absolute $ Opportunity Assessment By Function
14.17 Market Attractiveness Analysis By Function
14.18 Asia Pacific Hydraulic Cylinder Market Size & Volume Forecast By Application
14.18.1 Industrial Equipment
14.18.2 Mobile Equipment
14.19 Basis Point Share (BPS) Analysis By Application
14.20 Absolute $ Opportunity Assessment By Application
14.21 Market Attractiveness Analysis By Application
14.22 Asia Pacific Hydraulic Cylinder Market Size & Volume Forecast By Industry
14.22.1 Construction
14.22.2 Aerospace & Defense
14.22.3 Material Handling
14.22.4 Agriculture
14.22.5 Mining
14.22.6 Automotive
14.22.7 Marine
14.22.8 Oil & Gas
14.22.9 Others
14.23 Basis Point Share (BPS) Analysis By Industry
14.24 Absolute $ Opportunity Assessment By Industry
14.25 Market Attractiveness Analysis By Industry
Chapter 15 Latin America Hydraulic Cylinder Analysis and Forecast
15.1 Introduction
15.2 Latin America Hydraulic Cylinder Market Size Forecast by Country
15.2.1 Brazil
15.2.2 Mexico
15.2.3 Rest of Latin America (LATAM)
15.3 Basis Point Share (BPS) Analysis by Country
15.4 Absolute $ Opportunity Assessment by Country
15.5 Market Attractiveness Analysis by Country
15.6 Latin America Hydraulic Cylinder Market Size & Volume Forecast By Design
15.6.1 Tie Rod Cylinder
15.6.2 Welded Body Cylinder
15.6.3 Telescopic
15.6.4 Mill Type
15.7 Basis Point Share (BPS) Analysis By Design
15.8 Absolute $ Opportunity Assessment By Design
15.9 Market Attractiveness Analysis By Design
15.10 Latin America Hydraulic Cylinder Market Size & Volume Forecast By Bore Size
15.10.1 <50 mm
15.10.2 50–150 mm
15.10.3 >150 mm
15.11 Basis Point Share (BPS) Analysis By Bore Size
15.12 Absolute $ Opportunity Assessment By Bore Size
15.13 Market Attractiveness Analysis By Bore Size
15.14 Latin America Hydraulic Cylinder Market Size & Volume Forecast By Function
15.14.1 Single Acting
15.14.2 Double Acting
15.15 Basis Point Share (BPS) Analysis By Function
15.16 Absolute $ Opportunity Assessment By Function
15.17 Market Attractiveness Analysis By Function
15.18 Latin America Hydraulic Cylinder Market Size & Volume Forecast By Application
15.18.1 Industrial Equipment
15.18.2 Mobile Equipment
15.19 Basis Point Share (BPS) Analysis By Application
15.20 Absolute $ Opportunity Assessment By Application
15.21 Market Attractiveness Analysis By Application
15.22 Latin America Hydraulic Cylinder Market Size & Volume Forecast By Industry
15.22.1 Construction
15.22.2 Aerospace & Defense
15.22.3 Material Handling
15.22.4 Agriculture
15.22.5 Mining
15.22.6 Automotive
15.22.7 Marine
15.22.8 Oil & Gas
15.22.9 Others
15.23 Basis Point Share (BPS) Analysis By Industry
15.24 Absolute $ Opportunity Assessment By Industry
15.25 Market Attractiveness Analysis By Industry
Chapter 16 Middle East & Africa (MEA) Hydraulic Cylinder Analysis and Forecast
16.1 Introduction
16.2 Middle East & Africa (MEA) Hydraulic Cylinder Market Size Forecast by Country
16.2.1 Saudi Arabia
16.2.2 South Africa
16.2.3 UAE
16.2.4 Rest of Middle East & Africa (MEA)
16.3 Basis Point Share (BPS) Analysis by Country
16.4 Absolute $ Opportunity Assessment by Country
16.5 Market Attractiveness Analysis by Country
16.6 Middle East & Africa (MEA) Hydraulic Cylinder Market Size & Volume Forecast By Design
16.6.1 Tie Rod Cylinder
16.6.2 Welded Body Cylinder
16.6.3 Telescopic
16.6.4 Mill Type
16.7 Basis Point Share (BPS) Analysis By Design
16.8 Absolute $ Opportunity Assessment By Design
16.9 Market Attractiveness Analysis By Design
16.10 Middle East & Africa (MEA) Hydraulic Cylinder Market Size & Volume Forecast By Bore Size
16.10.1 <50 mm
16.10.2 50–150 mm
16.10.3 >150 mm
16.11 Basis Point Share (BPS) Analysis By Bore Size
16.12 Absolute $ Opportunity Assessment By Bore Size
16.13 Market Attractiveness Analysis By Bore Size
16.14 Middle East & Africa (MEA) Hydraulic Cylinder Market Size & Volume Forecast By Function
16.14.1 Single Acting
16.14.2 Double Acting
16.15 Basis Point Share (BPS) Analysis By Function
16.16 Absolute $ Opportunity Assessment By Function
16.17 Market Attractiveness Analysis By Function
16.18 Middle East & Africa (MEA) Hydraulic Cylinder Market Size & Volume Forecast By Application
16.18.1 Industrial Equipment
16.18.2 Mobile Equipment
16.19 Basis Point Share (BPS) Analysis By Application
16.20 Absolute $ Opportunity Assessment By Application
16.21 Market Attractiveness Analysis By Application
16.22 Middle East & Africa (MEA) Hydraulic Cylinder Market Size & Volume Forecast By Industry
16.22.1 Construction
16.22.2 Aerospace & Defense
16.22.3 Material Handling
16.22.4 Agriculture
16.22.5 Mining
16.22.6 Automotive
16.22.7 Marine
16.22.8 Oil & Gas
16.22.9 Others
16.23 Basis Point Share (BPS) Analysis By Industry
16.24 Absolute $ Opportunity Assessment By Industry
16.25 Market Attractiveness Analysis By Industry
Chapter 17 Competition Landscape
17.1 Hydraulic Cylinder Market: Competitive Dashboard
17.2 Global Hydraulic Cylinder Market: Market Share Analysis, 2019
17.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
17.3.1 Caterpillar
17.3.2 Eaton
17.3.3 Enerpac Tool Group
17.3.4 HYDAC INTERNATIONAL GmbH
17.3.5 Jiangsu Hengli Hydraulic
17.3.6 KYB Americas Corporation
17.3.7 PARKER HANNIFIN CORP
17.3.8 Robert Bosch GmbH
17.3.9 SMC Corporation
17.3.10 Wipro Infrastructure Engineering
By Designs
- Tie Rod Cylinder
- Welded Body Cylinder
- Telescopic
- Mill Type
- <50 mm
- 50–150 mm
- >150 mm
- Single Acting
- Double Acting
- Industrial Equipment
- Mobile Equipment
- Others
- Construction
- Aerospace & Defense
- Material Handling
- Agriculture
- Mining
- Automotive
- Marine
- Oil & Gas
- Others
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- U.K.
- France
- Germany
- Italy
- Spain
- Russia
- Rest of the Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- South East Asia (SEA
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East and Africa
Key Market Players Profiled in the Report
- Caterpillar
- Eaton
- Enerpac Tool Group
- HYDAC INTERNATIONAL GmbH
- Jiangsu Hengli Hydraulic
- KYB Americas Corporation
- PARKER HANNIFIN CORP
- Robert Bosch GmbH
- SMC Corporation
- Wipro Infrastructure Engineering
Our Clients
FAQ Section
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers designs types of hydraulic cylinder such as tie rod cylinder, welded body cylinder, mill type.
According to this Growth Market Reports report, the market from hydraulic cylinder is likely to register a CAGR of 6.3% during forecast period 2020-2027, with an anticipated valuation of USD 18,217.8 million by the end of the 2027.
In addition to market size (in USD Million) and company market share (in % for base year 2019), other data such macro-economic factors, COVID-19 Impact on the hydraulic cylinder is available in final report.
The market is driven by rising demand for material handling equipment along with ongoing construction activities and due to growing applications of hydraulic cylinder across overhead traveling cranes, agricultural machines, forklifts, and luffing cranes.
Industrial equipment’s, mobile equipment’s, and others are the key applications that are driving the global Hydraulic Cylinder market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness slight fall in growth owing to the negative impact of COVID-19 pandemic on the hydraulic cylinder market.
The base year considered for the global hydraulic cylinder market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major manufactures include KYB Americas Corporation, PARKER HANNIFIN CORP, Robert Bosch GmbH, Caterpillar, Eaton, and Others.
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