Hydraulic Cylinder Market in India 2015-2019
About hydraulic cylinder
A hydraulic cylinder is a mechanical device that uses pressurized hydraulic fluid on the surface of the cylinder piston to enable linear movement of the piston. This force pushes the piston rod that is connected to the load. The hydraulic cylinder converts the energy of the hydraulic fluid into useful mechanical force. A hydraulic cylinder consists of a cylinder barrel, piston, piston rod, rod gland, cushions, seals, and a cylinder base. The common and highly preferred hydraulic cylinders are plunger cylinders, telescoping cylinders, cable cylinders, and diaphragm cylinders.
Technavio's analysts forecast the hydraulic cylinder market in India to grow at a CAGR of 14.67% over the period 2014-2019.
Covered in this report
The report includes the present scenario and the growth prospects of the hydraulic cylinder market in India for 2015-2019. The market can be segmented based on end-users: earthmoving equipment, material handling equipment, agriculture equipment, industrial, and other equipment manufacturers.
Technavio's report, Hydraulic Cylinder Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Hydraulic Cylinder Market in India 2015-2019
Technavio recognizes the following companies as the key players in the Hydraulic Cylinder Market in India: Dantal Hydraulics, Bosch, Veljan Denison, and Wipro Infrastructure Engineering
Other Prominent Vendors in the market are: Ognibene Power, Oscar Equipment, Salzgitter Hydraulics, Schwing Stetter India, TAFE Access, UT
Commenting on the report, an analyst from Technavio’s team said: “In the Indian construction industry, there has been a rise in renting and leasing equipment to minimize the operational and financial risks associated with a project. Rental centers and dealers offer construction equipment at significantly lower prices than those of purchased equipment.”
According to the report, the flourishing real estate industry in India has led to rising demand for construction equipment. Manufacturers are providing reliable, cost-effective products to construction companies, and hydraulic cylinders are vital components in construction equipment.
Further, the report states that the OEMs offer limited financing options in India. As a result, first-time users struggle with the payment terms and many prospective users are reluctant to purchase equipment. Instead, they are compelled to rent or lease equipment to minimize their capital expenditure.
Dantal Hydraulics, Bosch, Veljan Denison, Wipro Infrastructure Engineering, Ognibene Power, Oscar Equipment, Salzgitter Hydraulics, Schwing Stetter India, TAFE Access, UT