Growing food requirements to sustain increased populations means the agriculture industry will need sophisticated equipment to carry out effective agricultural processes

A new report forecast the global hydraulic cylinder market will grow at a CAGR of 4.39% between now and 2020. The hydraulic cylinder industry will see a steady growth during the forecast period due to a continuous demand from the agriculture, construction equipment, mining equipment, material handling equipment, industrial equipment, aerospace, and defence sectors.

The report titled “Global Hydraulic Cylinder Market 2016-2020” was released by Research and Marketsand focuses on the current state of the market and the growth prospects of the global hydraulic cylinder market for 2016-2020.

According to the report, one of the primary drivers in the market is raising demand for food and fiber to drive agriculture industry. The burst in population figures suggests that by 2050 the population will expand up to nine billion. In order to cater to the growing food requirements to sustain such a large population, the agriculture industry will need sophisticated equipment to carry out effective agricultural processes; the agriculture industry will grow at 3.61% CAGR annually. The mechanization of agricultural processes will help increase the sale of agricultural hydraulic cylinders.

To calculate the market size, the report discusses major drivers that are influencing market growth and challenges faced by vendors and the market as a whole.

One of latest trends in the market is raising popularity of integrated solution and services. The report says: “Vendors are more focused on providing integrated solutions to its customers. They offer both the product (hydraulic cylinders’ system) and solutions to differentiate themselves from other market vendors.

“Integrated solutions help achieve profitable maintenance and aftermarket service revenue. This also strengthens the vendor-client relation. In an integrated system, all components of a hydraulic system such as hydraulic cylinder, valve, and pump are sold as a single unit or kit. For end-users, this solution helps reduce the time frame of procurement. Clients react favorably to solutions that offer better outcome with enhanced performance. These systems provide users with efficiency, engineering, and purchase solution. This lowers the overall operational cost and lead times.”

By the way, if you want to learn more details about agricultural hydraulic cylinders, I recommend that you can visit the website of ASHUN Fluid Power Co., Ltd... It is the company of specializing in kinds of hydraulic cylinders. Try to check out ASHUN’s product pages to see what products they can offer you.

Article Source: https://www.africabig7.com/news-articles/global-hydraulic-cylinder-market-to-grow-4-per-cent-a-year-until-2020/