The hydraulic cylinders market in India is expected to be worth INR 29.5 billion by 2020, according to Netscribes research. At present, out of total hydraulic components market, only 40% of the market constitutes hydraulic cylinders in India. 60% of the hydraulic cylinder market consists of mobile hydraulic cylinders and 40% of the market consists of industrial cylinders.
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Key growth factors
Increase in infrastructural investments, growing number of public private partnership project, expanding mining activity is driving the demand of hydraulic cylinder market.
There’s rising growth in real estate sector, which has contributed to the increasing demand for hydraulic cylinder based construction equipment. Furthermore, infrastructural investments in railway, aerospace, defense and ports are driving growth in the hydraulic cylinders market.
Threats and key players
Major challenges come from foreign construction equipment manufacturers and rise in the price of raw materials. Moreover, regulatory issues, environmental concerns and delays in project approval hampers construction projects, and has slowed down the sale of construction equipment.
Some of the major companies that manufacture hydraulic cylinders are Wipro Infrastructure Ltd., Oscar Equipments Pvt. Ltd., Dantal Hydraulic Cylinder Pvt. Ltd. and HYVA (India) Pvt. Ltd. and UT Ltd. Major companies that use hydraulic cylinders are JCB India Ltd., Hyundai Construction Machinery, Larsen & Toubro, Volvo Construction Machinery, Ashok Leyland and others.
What’s covered in the report?
- Overview of the hydraulic cylinders market in India and forecasted hydraulic cylinders market size over 2015 to 2020e
- Overview of the export earnings
- Usage wise and sub-usage wise segmentation
- Qualitative analysis of the major drivers and challenges affecting the market
- Analysis of the competitive landscape and detailed profiles of major public and private players
- Get a broad understanding of the hydraulic cylinders market in India
- Be informed about the usage-wise segmentation and sub-usage wise segmentation
- Understand major competitors' business, market dynamics, and respond accordingly
- Be informed regarding the key areas of opportunity in the hydraulic cylinders market
- Make more informed business decisions with the help of insightful recommendations provided to succeed in the hydraulic cylinders market
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