A hydraulic cylinder, also called a hydraulic actuator or a linear hydraulic motor, is an actuation device that uses pressurized hydraulic fluid to push and pull load, or resist motion under load. The cylinder uses the stored energy in hydraulic fluid, which can be oil or water, and converts it into force, for linear direction (unidirectional force) movement of the cylinder. A hydraulic cylinder is durable and simple, and can be easily sized, which makes it suitable for use in various industries, including aerospace and defense, automotive, agriculture, construction, marine, mining, material handling, and oil and gas.
Visionary leaders are the leading players in the market having robust service portfolio, strong market presence, and effective business strategies. These players have a broad product portfolio that enables them to serve most of the regions all over the world. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.
Companies under this quadrant are well-established vendors with strong business strategies such as industry coverage, inorganic growth, geographic reach, and technology innovation. However, they have a weaker product portfolio than the innovators in this matrix. They generally focus on a specific type of technology related to the product considered in this market.
The need for innovative technologies to modernize hydraulic cylinder offerings has resulted in innovations in the hydraulic cylinder market. Innovators demonstrate substantial product innovations compared with their competitors. These players have wide product portfolio. However, they do not have effective growth strategies for their overall business.
Emerging players offer niche products and have gradually started gaining position in the market. They lack effective business strategies unlike other established players. These players are mostly the new entrants in the market and require more time to get significant traction in the market.