Hydraulic Cylinder Market reached a value of US$ 14.1 Billion in 2020
According to the latest report by IMARC Group, titled "Hydraulic Cylinder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global hydraulic cylinder market reached a value of US$ 14.1 Billion in 2020. Looking forward, the market is expected to exhibit moderate growth during 2021-2026. We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. A hydraulic cylinder refers to a piece of actuation equipment that is utilized in hydraulic power transfer systems to provide a unidirectional force. It comprises an assembly of components, including cylindrical barrels, pistons, piston rods, cylinder caps and heads, seals and rings, to form a continuous hydraulic circuit. Widely used to convert hydrostatic energy into mechanical energy, they are powered by pressurized hydraulic fluid, such as oil, to produce linear