2013-01-15 13:19:17 - Global hydraulic cylinder market driven by outsourcing to Asian countries
The global hydraulic cylinder market has been forecast to increase at a compound annual growth rate (CAGR) of 4.7% through to 2016, driven by the increased adoption of material handling equipment across the globe, and the increase in outsourcing and investments in developing countries. A hydraulic cylinder is a mechanical actuator that is used to give a unidirectional force through a unidirectional stroke. It has many applications, notably in engineering vehicles, industrial application, civil applications.Hydraulic cylinders get their power from pressurized hydraulic fluid, which is typically oil. The hydraulic cylinder consists of a cylinder barrel, in which a piston connected to a piston rod moves back and forth. The barrel is closed on one end by the cylinder bottom (also
called the cap) and the other end by the cylinder head (also called the gland) where the piston rod comes out of the cylinder. The piston has sliding rings and seals. The piston divides the inside of the cylinder into two chambers, the bottom chamber (cap end) and the piston rod side chamber (rod end / head end).Post-global economic recession, there has been a steady increase in the economy of the Asian countries such as China and India. This has paved the way for the emergence of several small-scale and low-cost manufacturing companies. Several organisations in the EMEA region and the Americas are increasingly outsourcing their manufacturing activities to various countries with low labour costs such as India and China. In addition, several global companies are setting up their manufacturing plants in developing countries to take advantage of the low-cost manufacturing ability and the availability of a skilled labour force. This move helps companies to increase their market presence.Key players currently dominating the global hydraulic cylinder market include Weber-Hydraulik GmbH, Wipro Infrastructure Engineering Pvt. Ltd., Metal Products Co. Inc., and Energy Manufacturing Co. Inc.For more information on the global hydraulic cylinder market, see the latest research: Hydraulic Cylinder MarketFollow us on Twitter @CandMResearch
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