U.S.: Market for Fluid Power Cylinders And Actuators 2024

Market Size for Fluid Power Cylinders And Actuators in the U.S.

The U.S. market for fluid power cylinders and actuators expanded significantly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Fluid Power Cylinders And Actuators in the U.S.

In value terms, fluid power cylinder and actuator production shrank to $X in 2022. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid 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 2022, production stood at a somewhat lower figure.

Exports of Fluid Power Cylinders And Actuators

Exports from the U.S.

In 2022, the amount of fluid power cylinders and actuators exported from the United States expanded modestly to X units, picking up by X% against the year before. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, fluid power cylinder and actuator exports rose significantly to $X in 2022. Overall, total exports indicated resilient growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

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, together accounting for X% of total exports. Morocco, Australia, China, Brazil, the UK, Germany, Japan, Singapore, Belgium and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, 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, the largest markets for fluid power cylinder and actuator exported from the United States were Canada ($X), Mexico ($X) and France ($X), together accounting for X% of total exports. Morocco, Brazil, the UK, China, Germany, Australia, Singapore, Japan, the Netherlands and Belgium lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for fluid power cylinders and actuators stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (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 2022, fluid power cylinder and actuator imports into the United States reached X units, increasing by X% against 2021. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, fluid power cylinder and actuator imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Mexico (X units), China (X units) and Germany (X units) were the main suppliers of fluid power cylinder and actuator imports to the United States, together accounting for X% of total imports. Canada, South Korea, India, Japan, the UK, Italy and Turkey lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), China ($X) and Canada ($X) constituted the largest fluid power cylinder and actuator suppliers to the United States, together comprising X% of total imports. Germany, Japan, South Korea, the UK, India, Italy and Turkey lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for fluid power cylinders and actuators amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, recorded a pronounced curtailment. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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