The global hydraulic cylinder market is projected to grow at a CAGR of 4.6% from 2023 to 2033, with the market valuation expected to exceed USD 24 billion by 2033, up from an estimated USD 15.3 billion in 2023. Hydraulic cylinders are in high demand within the automotive industry, which was valued at a staggering …
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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.” …