Overview of the Market for Fluid Power Cylinder And Actuator in the USA
In value terms, fluid power cylinder and actuator production reduced slightly to $ in 2019. The total output value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of % year-to-year. Fluid power cylinder and actuator production peaked at $ in 2018, and then contracted modestly in the following year.
The value of the market for fluid power cylinders and actuators in the U.S. stood at $ in 2019, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the immediate term.