South Korea Hydraulic Cylinder Market Size & Outlook
- Machinery & Manufacturing
- Machinery & Equipment
- Hydraulic Cylinder Market Outlook
- Machinery & Equipment
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South Korea hydraulic cylinder market highlights
- The South Korea hydraulic cylinder market generated a revenue of USD 481.7 million in 2025 and is expected to reach USD 730.0 million by 2033.
- The South Korea market is expected to grow at a CAGR of 5.5% from 2026 to 2033.
- In terms of segment, welded was the largest revenue generating product in 2025.
- Mill Type is the most lucrative product segment registering the fastest growth during the forecast period.
Hydraulic cylinder market data book summary
| Market revenue in 2025 | USD 481.7 million |
| Market revenue in 2033 | USD 730.0 million |
| Growth rate | 5.5% (CAGR from 2026 to 2033) |
| Largest segment | Welded |
| Fastest growing segment | Mill Type |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Welded, Tie Rod, Telescopic, Mill Type |
| Key market players worldwide | Eaton Vance Atlanta Capital SMID-Cap I, SMC Corp, Parker Hannifin Corp, Caterpillar Inc, Leggett & Platt Inc, Miller Industries Inc, Texas Instruments Inc, Bosch, Jiangsu Hengli Hydraulic, Liebherr Group, Lehigh Fluid Power, Weber Hydraulik, Yates Industries Inc., |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.8% of the global hydraulic cylinder market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China hydraulic cylinder market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,709.9 million by 2033.
The country’s government is investing heavily in industries, such as energy and infrastructure, which is anticipated to augment the demand for hydraulic cylinders over the forecasted timeframe. For instance, in November 2021, the country started constructing the world’s first floating city, which is expected to be completed by 2025.
The estimated construction cost of the city is around USD 195 million and it is likely to house 10,000 residents. This project is expected to increase the demand for cranes, excavators, backhoes, and loaders, which will increase the consumption of hydraulic cylinders in the said forecast period.
Under green projects, the government is anticipated to reduce its dependency on fossil fuels with investment in renewable energy, electric vehicles, eco-friendly buildings, and telemedicine. Such investments are expected to augment the need for machinery & equipment and benefit the demand for hydraulic cylinders.
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Publish Date: Apr 15, 2025
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Hydraulic Cylinder Market Scope
Hydraulic Cylinder Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Caterpillar Inc | View profile | 121,173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | www.caterpillar.com |
| Texas Instruments Inc | View profile | 34,000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | www.ti.com |
| Eaton Vance Atlanta Capital SMID-Cap I | View profile | - | - | - |
| SMC Corp | View profile | 28,720 | 4-14-1, Soto-Kanda, Chiyoda-ku, Tokyo, Japan, 101-0021 | www.smcworld.com |
| Parker Hannifin Corp | View profile | 62,730 | 6035 Parkland Boulevard, Cleveland, OH, United States, 44124-4141 | www.phstock.com |
| Leggett & Platt Inc | View profile | 19,300 | No. 1 Leggett Road, Carthage, MO, United States, 64836 | www.leggett.com |
| Miller Industries Inc | View profile | 1,591 | 8503 Hilltop Drive, Ooltewah, TN, United States, 37363 | www.millerind.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | www.bosch.com |
| Jiangsu Hengli Hydraulic | View profile | 1001-5000 | Liyang, Jiangsu, China, Asia | www.henglihydraulic.com |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | www.liebherr.com |
South Korea Hydraulic Cylinder Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Hydraulic Cylinder Market Outlook will help companies and investors design strategic landscapes.
Welded was the largest segment with a revenue share of 58.75% in 2025.
Horizon Databook has segmented the South Korea hydraulic cylinder market based on welded, tie rod, telescopic, mill type covering the revenue growth of each sub-segment from 2021 to 2033.
The country’s government is investing heavily in industries, such as energy and infrastructure, which is anticipated to augment the demand for hydraulic cylinders over the forecasted timeframe. For instance, in November 2021, the country started constructing the world’s first floating city, which is expected to be completed by 2025.
The estimated construction cost of the city is around USD 195 million and it is likely to house 10,000 residents. This project is expected to increase the demand for cranes, excavators, backhoes, and loaders, which will increase the consumption of hydraulic cylinders in the said forecast period.
Under green projects, the government is anticipated to reduce its dependency on fossil fuels with investment in renewable energy, electric vehicles, eco-friendly buildings, and telemedicine. Such investments are expected to augment the need for machinery & equipment and benefit the demand for hydraulic cylinders.
- South Korea Hydraulic Cylinder Market Product Outlook (Revenue, USD Million , 2021-2033)
- Welded
- Tie Rod
- Telescopic
- Mill Type
- South Korea Hydraulic Cylinder Market Function Outlook (Revenue, USD Million , 2021-2033)
- Double-Acting
- Single-Acting
- South Korea Hydraulic Cylinder Market Application Outlook (Revenue, USD Million , 2021-2033)
- Energy & Power
- Others
- Mobile
- Industrial
- South Korea Hydraulic Cylinder Market Bore Size Outlook (Revenue, USD Million , 2021-2033)
- Up to 150mm (<6”)
- Above 150mm (>6”)
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Hydraulic Cylinder Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Hydraulic Cylinder Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Hydraulic Cylinder Market, 2021-2033 (US$M)
South Korea Product - Hydraulic Cylinder Market Statistics, 2024 - 2033 (US$M)
