Hydraulic Cylinder Market size is expected to reach USD 22.16 billion by 2030
Hydraulic Cylinder Industry Overview The global hydraulic cylinder market size was valued at USD 15.32 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030. Increasing adoption of hydraulic cylinders in numerous industries such as material handling, construction and infrastructure, marine, and earthmoving is fueling the industry growth. The outbreak of COVID-19 has led to significant volatility in global commodity prices, thereby impacting the demand and supply of raw materials. Lockdown restrictions were imposed across countries to curb the spread of the virus, which led to a severe fallout for the global economy. The pandemic led to a deep recession and impacted production activities, which impacted hydraulic cylinder demand. Gather more insights about the market drivers, restrains and growth of the Hydraulic Cylinder Market In North America, the U.S. had the most confirmed cases of coronavirus, foll...