Automotive Hydraulic Cylinders Market Overview and Growth by 2031

The automotive hydraulic cylinders market size is projected to reach US$ 1839.17 million by 2031 from US$ 950.57 million in 2023. The market is expected to register a CAGR of 5.2% in 2023–2031. Increasing demand from the construction industry and the growing use of hydraulic cylinders in mining vehicles are among the factors driving the growth of the automotive hydraulic cylinders market. Further, increasing strategic activities such as expansion, partnership, acquisition, and collaboration by market players would provide lucrative growth opportunities for the market during the forecast period. The development of smart hydraulic cylinders is expected to emerge as a trend in the automotive hydraulic cylinders market during 2023–2031.

Automotive Hydraulic Cylinders Market Analysis

Technological innovation is allowing manufacturers to introduce new compact, modular, and intelligent hydraulic systems that can be integrated with different electronics. Smart hydraulic systems, incorporated with sensors and other electronic components, are popularly being used in a wide range of vehicles, from lighter-duty agricultural vehicles to heavy-duty construction and mining equipment. Smart hydraulic cylinders use linear transducers (sensors) to communicate a cylinder’s piston position back to the overall hydraulic system, thereby enhancing the accuracy and efficiency of systems. Hydraulic cylinders enabled with position sensing (SMART) technology are extremely reliable, even in harsh environments and high temperature conditions; moreover, they exhibit greater efficiency, improved safety, and unprecedented performance levels. Thus, smart hydraulic cylinders are emerging as a significant trend in the automotive hydraulic cylinder market.

Automotive Hydraulic Cylinders Market Overview

A hydraulic cylinder is a tube that generates linear actuation applying hydraulic pressure. The cylinder includes mounting accessories, a piston with an attached rod, and a steel tube. The hydraulic fluid pressure pushes a piston to move in a forward and backward linear motion. Hydraulic cylinders are durable and create more amount of force when compared to electrical, mechanical, and pneumatic systems. The cylinders require a substantial amount of force for many tasks such as pressing, pushing, and lifting.

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Automotive Hydraulic Cylinders Market: Strategic Insights

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Automotive Hydraulic Cylinders Market Drivers and Opportunities

Growing Use of Hydraulic Cylinders in Waste Management Vehicles

The ongoing trend of industrialization, urbanization and economic growth have resulted in an increased municipal solid waste especially in cities with high population. Increasing volume of waste negatively impacts every aspect of society of a country damaging to the environment and surrounding habitat. Failing to address such problems strategically leads to long term impact on environment and public health influencing national economies on destructive way. For instance, according to the World Bank Group, the world generates 2.01 billion tons of municipal solid waste every year. Further, the company expects 3.40 billion tons of global waste by 2050 which is more than double population growth over the same period. The East Asia and Pacific region generate 23% of the world’s waste which is higher than any other region. Due to such factors, economies are increasingly focusing on waste management strategies and thus gradually adopting waste management vehicles.

Strategic Initiatives by Market Players

The significantly rising demand for hydraulic cylinders encourages manufacturers to make various strategic decisions to address this demand. They prefer engaging in strategic alliances such as partnerships, collaborations, and agreements to strengthen their positions in the automotive hydraulic cylinder market.

• In November 2022, Norrhydro opened a production facility in Rovaniemi, Finland. The construction of this new production facility started in May 2021, and it was completed in August 2022. With this production facility, the company aims to achieve the serial production of a high-end hydraulic cylinder.
• In September 2022, Leggett & Platt, Incorporated announced the acquisition of Pacoma Group, the leading provider of hydraulic cylinders. With this acquisition, the company will leverage Pacoma’s portfolio of hydraulic cylinders.
• In January 2021, Advanced Motion & Controls Ltd., a HyperCyl brand of hydraulic cylinders, entered into a partnership with Aries Engineering Co. Inc. (AEC) to make its line-up of cylinders and other products available in Canada. AEC has a large customer base across electronics, appliances, aerospace, military, medical, and automotive industries, which will help HyperCyl to enhance its customer base in the market.

Thus, such strategic decisions by the market players are enhancing the availability of products and the positions of companies in the automotive hydraulic cylinder market, providing opportunities for their growth in the future.

Automotive Hydraulic Cylinders Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive hydraulic cylinders market analysis are type, truck type and mounting type.

• Based on the type, the market is divided into single acting cylinders and double acting cylinders. The single acting cylinder segment held a larger market share in 2023.
• Based on truck type, the global automotive hydraulic cylinders market is divided into below car carriers, garbage compactors, hook loader, side tipper, drop deck trailer, and modular trailer. The tipping vehicles segment held a larger market share in 2023.
• Based on the mounting type, the market is divided into rod end and cap end. The cap end segment held a larger market share in 2023.

Automotive Hydraulic Cylinders Market Share Analysis by Geography

The global automotive hydraulic cylinders market is segmented into five major regions— North America, Europe, APAC, Middle East and Africa (MEA), and South America (SAM). APAC accounted for the largest market share in 2021 and is expected to register the highest CAGR from 2022 to 2028. APAC has two of the fastest-growing economies across the world, namely China and India. Over the last 10 years, these countries have experienced huge investments in public and private infrastructure developments, including the construction of hospitals, airports, railway stations, commercial complexes, and residential complexes. High investments in the construction industry across the two developing countries are significantly propelling the need for heavy construction vehicles, which is accelerating the demand for automotive hydraulic cylinders from construction equipment manufacturers. All these factors are contributing to the growth of the APAC automotive hydraulic cylinders market.

The automotive hydraulic cylinders market in North America is also growing at a significant rate due to the presence of several automotive vehicle manufacturers across the region. The presence of production plants of automotive such as off-highway vehicles across the US and Canada is catalyzing the growth of the regional market. Europe also accounted for a significant share of the global automotive hydraulic cylinders market owing to the presence of several market players, including Hyva Holding BV, Binotto SRL, Montanhydraulik GmbH, and Gidrolast Corp.

Automotive Hydraulic Cylinders Market Regional Insights

The regional trends and factors influencing the Automotive Hydraulic Cylinders Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Automotive Hydraulic Cylinders Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automotive Hydraulic Cylinders Market Report Scope

Automotive Hydraulic Cylinders Market Players Density: Understanding Its Impact on Business Dynamics

The Automotive Hydraulic Cylinders Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Automotive Hydraulic Cylinders Market News and Recent Developments

The automotive hydraulic cylinders market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

• In January 2022, Tecno 3 S.r.l., an Italy-based and state-of-the-art manufacturer of double-acting cylinders for special applications, has joined the Binotto Group. The recent acquisition of Tecno 3 delivers customers with a more comprehensive range of solutions, potential applications, and unique interests in Binotto products. It also implements the unique specialization and expertise of Binotto Group in the hydraulic industry. (Source: Tecno 3 S.r.l., Press Release)
• In April 2021, Wastebuilt Environmental Solutions is announced plans to grow its network of regional parts distribution centers to include Northern California. With this new facility in the San Francisco Bay Area, Wastebuilt will operate 13 regional parts centers across the U.S. (Source: Wastebuilt, Press Release)

Automotive Hydraulic Cylinders Market Report Coverage and Deliverables

The “Automotive Hydraulic Cylinders Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:

• Automotive hydraulic cylinders market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
• Market dynamics such as drivers, restraints, and key opportunities
• Automotive hydraulic cylinders market trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Automotive hydraulic cylinders market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
• Automotive hydraulic cylinders market landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
• Detailed company profiles