Top 5 Key Players Promoted the Growth of the Hydraulic Cylinder Market

The global hydraulic cylinder market was valued at USD 14.3 billion in 2021 and is projected to reach USD 18.3 billion by 2027; it is expected to register a CAGR of 4.4% from 2022 to 2027.

Key Market Players operating in the global Hydraulic Cylinder Market include Parker-Hannifin Corporation (US), Caterpillar (US), KYB Corporation (Japan), Bosch Rexroth (Germany), Eaton (Ireland), Enerpac Tool Group (US), SMC Corporation (Japan), HYDAC (Germany), Wipro Enterprises (India), and The Jiangsu Hengli Hydraulic Co., Ltd. (China). Many major companies focus on implementing organic growth strategies, such as product launches, and inorganic strategies, such as partnership and expansions, to increase their revenue.

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Top 5 Players:

Parker-Hannifin Corporation

Parker-Hannifin Corporation is one of the leading global manufacturers of hydraulic cylinders. The company operates through 2 business segments: Diversified Industrial and Aerospace Systems. The company is involved in manufacturing world-class motion and control technologies finding applications in the diversified industrial and aerospace markets. A few application fields where its products are used include climate control, filtration, fluid and gas handling, hydraulics, process control, and sealing and shielding.

KYB Corporation

KYB Corporation is a key player involved in the development and manufacture of advanced hydraulic technology. The company offers its products through various business segments, including Automotive Components Operations, Hydraulic Components Operations, and Other Businesses, which includes special-purpose vehicles, aircraft components, system products, and electronic components). It mainly manufactures shock absorbers for automobiles and motorcycles, hydraulic equipment for automobiles, hydraulic equipment for industrial use, hydraulic equipment for aircraft, and system products & electronic components.

Bosch Rexroth

Bosch Rexroth is a subsidiary of Bosch, a diversified manufacturer of automotive components, consumer electronics, building technologies, and industrial solutions. Bosch Rexroth aids its clients in meeting their mechanical and plant engineering challenges with its cutting-edge technologies. The company’s extensive product portfolio has various industrial applications, such as mobile applications, machinery applications and engineering, and factory automation.


Caterpillar is one of the leading manufacturers of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company operates through two business segments—Machinery, Energy & Transportation and Financial Products. It provides hydraulic cylinders under the Machinery, Energy & Transportation segment that are used in various mobile hydraulics applications. The segment is further classified into construction industries, resource industries, energy & transportation, services, and distribution & digital subsegments. The Financial Products segment provides financing to customers and dealers for the purchase and lease of Caterpillar’s products. The company also offers genuine spare parts for its equipment and after-sales services to its customers.


Eaton is a leading power management company that offers energy-efficient solutions in the field of electricals, aerospace, and hydraulics. The company operates through 6 business segments—Electrical Americas, Electrical Global, Vehicle, Hydraulics, Aerospace, and eMobility. Eaton’s comprehensive hydraulic cylinder product portfolio includes standard and customized models suitable for use in harsh working environments.

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