U.S. Fluid Power Cylinder And Actuator Market. Analysis And Forecast to 2030
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View PricingPrice for Fluid Power Cylinder and Actuator in the United States - 2023
Contents:
- Price for Fluid Power Cylinder and Actuator in the United States (CIF) - 2022
- Price for Fluid Power Cylinder and Actuator in the United States (FOB) - 2023
- Imports of Fluid Power Cylinder and Actuator in the United States
- Exports of Fluid Power Cylinder and Actuator in the United States
Price for Fluid Power Cylinder and Actuator in the United States (CIF) - 2022
In 2022, the average import price for fluid power cylinders and actuators amounted to $20 per unit, picking up by 11% against the previous year. In general, the import price, however, continues to indicate a pronounced shrinkage. Over the period under review, average import prices hit record highs at $33 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 ($49 per unit), while the price for Mexico ($7.9 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.0%), while the prices for the other major suppliers experienced a decline.
Price for Fluid Power Cylinder and Actuator in the United States (FOB) - 2023
The average export price for fluid power cylinders and actuators stood at $97.8 per unit in August 2023, with an increase of 9.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in September 2022 an increase of 37% m-o-m. The export price peaked at $121 per unit in October 2022; however, from November 2022 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Brazil ($174 per unit), while the average price for exports to the Philippines ($24.3 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fluid Power Cylinder and Actuator in the United States
For the fourth consecutive year, the United States recorded growth in purchases abroad of fluid power cylinders and actuators, which increased by 5.9% to 130M units in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, fluid power cylinder and actuator imports skyrocketed to $2.6B in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 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 with an increase of 22%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Fluid Power Cylinder and Actuator in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 296 | 250 | 338 | 402 | 10.7% |
China | 304 | 218 | 292 | 386 | 8.3% |
Canada | 248 | 212 | 262 | 306 | 7.3% |
Germany | 256 | 202 | 259 | 261 | 0.6% |
Japan | 213 | 167 | 178 | 211 | -0.3% |
South Korea | 161 | 97.9 | 155 | 185 | 4.7% |
United Kingdom | 191 | 159 | 135 | 167 | -4.4% |
India | 63.5 | 47.5 | 74.6 | 101 | 16.7% |
Italy | 74.4 | 64.9 | 84.4 | 88.9 | 6.1% |
Turkey | 22.6 | 17.0 | 21.8 | 28.4 | 7.9% |
Others | 478 | 361 | 392 | 442 | -2.6% |
Total | 2,308 | 1,797 | 2,191 | 2,579 | 3.8% |
Top Suppliers of Fluid Power Cylinder and Actuator to the United States in 2022:
- Mexico (50.7M units)
- China (28.5M units)
- Germany (9.0M units)
- Canada (6.3M units)
- South Korea (5.3M units)
- India (4.7M units)
- Japan (4.5M units)
- United Kingdom (3.7M units)
- Turkey (3.3M units)
- Italy (3.3M units)
Exports of Fluid Power Cylinder and Actuator in the United States
In 2022, approx. 19M units of fluid power cylinders and actuators were exported from the United States; rising by 1.8% compared with 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 373% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, fluid power cylinder and actuator exports stood at $1.9B in 2022. The total export value increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 29%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
Export of Fluid Power Cylinder and Actuator in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 306 | 251 | 293 | 363 | 5.9% |
Mexico | 197 | 169 | 201 | 235 | 6.1% |
France | 42.2 | 55.7 | 151 | 140 | 49.1% |
Morocco | 3.2 | 41.3 | 173 | 129 | 242.9% |
Brazil | 84.0 | 69.3 | 90.5 | 115 | 11.0% |
United Kingdom | 126 | 96.8 | 95.9 | 115 | -3.0% |
China | 65.6 | 67.2 | 67.1 | 83.2 | 8.2% |
Germany | 64.2 | 46.3 | 59.9 | 78.8 | 7.1% |
Australia | 58.2 | 54.7 | 51.6 | 66.9 | 4.8% |
Singapore | 39.4 | 36.7 | 46.4 | 52.6 | 10.1% |
Japan | 57.9 | 39.4 | 36.4 | 33.1 | -17.0% |
Belgium | 18.5 | 16.5 | 18.6 | 21.7 | 5.5% |
Others | 394 | 334 | 368 | 467 | 5.8% |
Total | 1,457 | 1,278 | 1,653 | 1,898 | 9.2% |
Top Export Markets for Fluid Power Cylinder and Actuator from the United States in 2022:
- Canada (3.9M units)
- Mexico (3.1M units)
- France (2.1M units)
- Morocco (1.6M units)
- Australia (0.8M units)
- Brazil (0.7M units)
- China (0.7M units)
- United Kingdom (0.6M units)
- Germany (0.6M units)
- Japan (0.5M units)
- Singapore (0.4M units)
- Belgium (0.3M units)
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
-
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
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