Market Size of Fluid Power Cylinder Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fluid Power Cylinder Market Analysis
The Fluid Power Cylinder Market is expected to register a CAGR greater than 4.5% during the forecast period (2021 - 2026). The advent of jet engines for military and passenger aircrafts had spurred the use of centrifugal and axial-flow compressors. Further, the growth of automatic machinery, labor-saving devices, and automatic-control systems led to an increase in the use of fluid power cylinders.
- Many economies across the globe still lack basic infrastructure facilities such as information and communication, roads for transportation, and electric power, regarding which the governments in these economies are focusing to invest in improving infrastructure.
- This widening scope of development in the global infrastructure industry encourages several businesses to come up with solutions to enhance systems with advanced equipment and machinery to improve infrastructure in developing countries. This is anticipated to stimulate the demand for fluid power cylinders.
- The extensive use of fluid power cylinders technology for packaging machines to drive motion and actuate machine sequences has garnered more interest by machine designers and end-users on how pneumatics can improve safety and safe operating functionality in their equipment boosting the growth of the market.
