Hydraulic Cylinder Market Innovations: Advances in Smart Cylinder Technologies
The global hydraulic cylinder market was valued at USD 15.32 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030. The increased adoption of hydraulic cylinders across diverse industries—including material handling, construction and infrastructure, marine, and earthmoving—is driving this growth. However, the COVID-19 pandemic introduced considerable volatility in global commodity prices, disrupting raw material supply and demand. Lockdown restrictions imposed to limit virus spread led to a significant economic downturn, deeply impacting production activities and, in turn, the demand for hydraulic cylinders. In North America, the United States faced the highest number of COVID-19 cases, followed by Canada and Mexico. The pandemic negatively impacted supply chains and distribution networks, hindering market growth across the region. To counter these challenges, the U.S. government has been investing heavily in sectors such as constr