Hydraulic and Pneumatic Cylinders Market Insights Video
According to Cognitive Market Research, the global Hydraulic and Pneumatic Cylinder market size was USD 33514.20 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 13405.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 10054.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7708.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1675.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 670.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Hydraulic category is the fastest growing segment of the Hydraulic and Pneumatic Cylinder industry
