India Hydraulic Sector Outlook – Construction Equipment is Driving the Demand of the Industry

MUMBAI, India - Sept. 18, 2017 - PRLog -- Global market intelligence firm, Netscribes, Inc. released its latest report on the 'Hydraulic Cylinders Market in India 2017 (https://www.researchonindia.com/hydraulic-cylinders-market-in-india-2020.html)'. Hydraulic cylinder is an integral part of construction equipment. It forms the backbone of commercial, industrial machines and devices that transports, lifts, adjusts and supports equally a series of products and people. The Indian market for hydraulic cylinders is mainly driven by earth moving construction equipment industry.

Netscribes' latest market research report titled Hydraulic Cylinders Market in India 2017 states that the hydraulic cylinders market is growing at a CAGR of 14.4%. 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.

Increase in infrastructural investments, growing number of public private partnership project, increased mining activity and growing real estate sector is driving the demand of hydraulic cylinder market. Railway, aerospace, defense and ports construction, is also driving the hydraulic cylinders market. Major challenges come from foreign construction equipment manufacturers, project bottlenecks and rise in the price of raw materials.

Major companies that manufacture hydraulic cylinders are Wipro Infrastructure Ltd., Oscar Equipments Pvt. Ltd., Dantal Hydraulic Cylinder Pvt. Ltd., 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.

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