U.S. Fluid Power Cylinder and Actuator Market. Analysis and Forecast to 2030
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View PricingU.S.: Market for Fluid Power Cylinders And Actuators 2024
Market Size for Fluid Power Cylinders And Actuators in the U.S.
In 2023, after two years of growth, there was decline in the U.S. market for fluid power cylinders and actuators, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Fluid power cylinder and actuator consumption peaked at $X in 2022, and then reduced slightly in the following year.
Production of Fluid Power Cylinders And Actuators in the U.S.
In value terms, fluid power cylinder and actuator production dropped to $X in 2023. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Fluid power cylinder and actuator production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.
Exports of Fluid Power Cylinders And Actuators
Exports from the U.S.
For the fourth consecutive year, the United States recorded growth in shipments abroad of fluid power cylinders and actuators, which increased by X% to X units in 2023. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are likely to see steady growth in years to come.
In value terms, fluid power cylinder and actuator exports expanded markedly to $X in 2023. Over the period under review, total exports indicated strong growth from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to see steady growth in the near future.
Exports by Country
Canada (X units), Mexico (X units) and France (X units) were the main destinations of fluid power cylinder and actuator exports from the United States, with a combined X% share of total exports. Morocco, China, Brazil, Australia, the UK, Singapore, Germany, South Korea, Japan and the United Arab Emirates lagged somewhat behind, together comprising a further X%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.
In value terms, Canada ($X), Mexico ($X) and France ($X) constituted the largest markets for fluid power cylinder and actuator exported from the United States worldwide, with a combined X% share of total exports. Morocco, the UK, Brazil, China, Germany, Australia, Singapore, South Korea, Japan and the United Arab Emirates lagged somewhat behind, together comprising a further X%.
Morocco, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average export price for fluid power cylinders and actuators amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.
Imports of Fluid Power Cylinders And Actuators
Imports into the U.S.
In 2023, supplies from abroad of fluid power cylinders and actuators decreased by X% to X units for the first time since 2016, thus ending a six-year rising trend. Over the period under review, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at X units in 2022, and then contracted modestly in the following year.
In value terms, fluid power cylinder and actuator imports stood at $X in 2023. Overall, total imports indicated a moderate increase from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in years to come.
Imports by Country
In 2023, Mexico (X units) constituted the largest fluid power cylinder and actuator supplier to the United States, accounting for a X% share of total imports. Moreover, fluid power cylinder and actuator imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Germany (X units), with a X% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).
In value terms, Mexico ($X), China ($X) and Canada ($X) were the largest fluid power cylinder and actuator suppliers to the United States, with a combined X% share of total imports. Germany, South Korea, Japan, the UK, India, Italy, Turkey and Vietnam lagged somewhat behind, together comprising a further X%.
Among the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the average import price for fluid power cylinders and actuators amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2022 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for fluid power cylinder and actuator in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 333995 - Fluid power cylinder and actuator manufacturing
Companies mentioned:
- Actuant Corporation
- Swanson Industries
- PHD
- Bimba Manufacturing Company
- Tolomatic
- Hol-Mac Corporation
- Suspa
- Indian Head Industries
- Rosenboom Machine & Tool
- Energy Mfg. Co.
- Texas Hydraulics
- Triumph Gear Systems
- Custom Hoists
- Hanna Cylinders
- Jarp Industries
- Roberts Tool Company
- Hti Hydraulic Technologies
- Hampton Hydraulics
- Columbus Hydraulics Company
- Helac Corporation
- Prince Manufacturing Corporation
- Precision Hydraulic Cylinders
- Eastport Operating Partners
- De-Sta-Co Cylinders
- Alliance Remanufacturing
- International Automation
- Powco of Louisiana
- Cargotec Holding
- Aventics Corporation
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
- Price for Fluid Power Cylinder and Actuator the United States
- Production Fluid Power Cylinder and Actuator the United States
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