This sample suggests that the majority of geographic concentration of hydraulic cylinder manufacturers lies within the Midwestern states. Interestingly, refuse and garbage collection seemed to be a common end market for companies based in California. Click on image for larger view.
InterOcean’s research and data analytics team recently released a report on the hydraulic cylinder industry focusing on trends, noteworthy opportunities, and possible threats. Based on its research, InterOcean concludes the industry as a whole has regained virtually all lost ground and stabilized at levels existing prior to economic decline in 2008 and 2009.
Experts believe the positive outlook for certain end user markets such as material handling equipment and construction machinery is a promising sign that the industry will achieve a steady overall growth rate. Also, the industry is poised to benefit from the export potential for agricultural and aerospace equipment to the Asia-Pacific region. Adoption of mechanized agriculture and increased spending on infrastructure in developing countries such as China and India will likely benefit North American equipment vendors.
William D. Doepke, Managing Director at InterOcean, offered, “With both GDP and industrial production moving in a positive direction, the demand for equipment that requires hydraulic actuators is improving. Of course, this positive contribution is being somewhat offset by softness in commodity-dependent sectors, such as agriculture, mining, and oil & gas.”
