The global hydraulic cylinder market is expected to advance at 4.6% between 2023 and 2033. The valuation is expected to exceed USD 24 billion by 2033. In 2023, the estimation is likely to be at USD 15.3 billion. Automotive factories face a massive demand for hydraulic cylinders. In 2021, the automotive market had a mammoth valuation of USD 2.8 trillion and is …
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Hydraulic Cylinder Market Is Forecasted To Reach US$ 22.3 Bn By 2032 From US$ 14.2 Bn In 2021
The market for hydraulic cylinders market is expected to grow at a moderate CAGR of 4.2%, from US$ 14.2 billion in 2021 to almost US$ 22.3 billion in 2032. “It is predicted that the main factor for driving the hydraulic cylinder market sales will be increased spending on infrastructure development and mining of natural resources.” …