Publication Month: Jan 2023 | Report Code: TIPRE00029800 | No. of Pages: 156 | Category: Manufacturing and Construction | Status: Published
A hydraulic cylinder is a tube that produces linear actuation utilizing hydraulic pressure. The cylinder comprises a steel tube, a piston with an attached rod, and mounting accessories. The hydraulic fluid pressure forces a piston to move in a pushing or pulling motion. Hydraulic cylinders are durable and create more amount of force when compared to pneumatic, mechanical, and electrical systems. The cylinders require a significant amount of force for various tasks such as lifting, pushing, and pressing. They are used in numerous mobile applications, including excavators, dump trucks, graders, loaders, dozers, and backhoes, that move heavy loads. Single acting and double acting cylinders are two types of hydraulic cylinders used in automotive applications. The existence of key players providing automotive hydraulic cylinders plays a crucial role in the competitive market. With technological innovations, hydraulic cylinders are expected to be highly efficient in the coming years. Increasing demand from the construction industry and the growing use of hydraulic cylinders in mining vehicles are among the factors driving the automotive hydraulic cylinders market growth.
The automotive hydraulic cylinders market in North America is segmented into Canada, the US, and Mexico. The automotive hydraulic cylinders market in North America is 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.
The COVID-19 outbreak adversely affected the world and is continuing to shatter several countries. The outbreak disrupted various primary industries, such as automobiles and construction. A negative pandemic impact on the growth of these industries limited the automotive hydraulic cylinders market growth. Factory shutdowns, trade bans, and border lockdowns to combat the coronavirus infection spread disrupted the working of automobile component companies across the world. APAC was hindered by the increasing number of COVID-19 confirmed cases in India, China, and other countries across the region in 2020. China and India are two prominent automotive manufacturing countries in the region that consistently catalyzes the demand for automotive hydraulic cylinders. The heavy vehicle sector in APAC countries witnessed a decline due to subsequent lockdowns to control the spread of the virus infection. The disruption in the supply chain and the closing of manufacturing plants hindered the market from the supply side.
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The ongoing trend of industrialization and economic growth has resulted in increased municipal solid waste especially in cities with high populations. The increasing volume of waste damages the environment and negatively impacts the surrounding habitat. Failing to address such problems strategically leads to long-term impacts on the environment and public health, influencing economies in a destructive way. According to the World Bank Group, the world generates 1.82 metric tons of municipal solid waste every year. Further, World Bank Group expects 3.08 metric tons of global waste by 2050, which is more than double population growth over the same period. East Asia and Pacific 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 adopting waste management vehicles. Hydraulic cylinders are commonly used in waste management vehicles such as garbage trucks, trash compactors, and others for pushing or dumping waste. Nearly every garbage truck uses hydraulic systems as they help easily load, lift, and transport solid and liquid waste types. Thus, increasing the use of hydraulics cylinders in waste management vehicles for controlling, lifting, filling, compacting, and dumping waste drives the market growth during the forecast period.
Based on type, the automotive hydraulic cylinders market is bifurcated into single acting cylinders and double acting cylinders. In 2021, the single acting cylinder segment held the largest share in the automotive hydraulic cylinders market share owing to its low cost and maintenance. Single acting cylinders involve few components, making them simple and easy to maintain. They are generally considered reliable due to low chances of failure. Single hydraulic cylinders are ideal for their capacity to serve high-end automotive applications, driving the growth of the global automotive hydraulic cylinders market growth for the single-acting cylinder segment.
Players operating in the automotive hydraulic cylinders market mainly adopt inorganic growth strategies to stay competitive in the market ecosystem.
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