Industry Data & Market Research

2023 U.S. Industry Statistics & Market Forecast - Fluid Power Cylinder & Actuator Manufacturing

Market Size & Industry Statistics

The total U.S. industry market size for Fluid Power Cylinder & Actuator Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Fluid Power Cylinder & Actuator Manufacturing market size 2023
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Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The fluid power cylinder and actuator manufacturing industry is undergoing significant changes due to a number of key trends. One major trend is the increasing demand for energy-efficient and environmentally friendly solutions. This has resulted in a shift towards smart actuators, which can be controlled and optimized for maximum performance and efficiency.

Another important trend is the shift towards automation and robotics. With the increasing use of automation and robotics in manufacturing and production processes, there is a growing demand for fluid power cylinders and actuators that can work in conjunction with these systems. Manufacturers are developing more specialized products that can meet the specific needs of this market.

The increasing demand for high-performance hydraulic systems is also driving the growth of the fluid power cylinder and actuator manufacturing industry. Companies are investing in research and development to create innovative products that can operate at high pressures and temperatures while remaining reliable and durable.

The trend towards shorter product cycles and faster time-to-market is also having a significant impact on the industry. Manufacturers are looking for ways to produce products more efficiently and quickly without sacrificing quality or reliability. This has led to the adoption of new manufacturing techniques and technologies, such as 3D printing and computer numerical control (CNC) machining.

Finally, the growth of emerging markets, such as China and India, is creating new opportunities for the fluid power cylinder and actuator manufacturing industry. Manufacturers are expanding their operations in these regions to take advantage of the growing demand for hydraulic and pneumatic systems.

Product & Services Breakdown

Research products and services in the Fluid Power Cylinder & Actuator Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Fluid Power Valve And Hose Fitting Manufacturing

Aerospace-Type Hydraulic Fluid Power Valves

Nonaerospace-Type Hydraulic Directional Control Valves

Fluid Power Cylinder And Actuator Manufacturing

Nonaerospace-Type Hydraulic Fluid Power Cylinders And Actuators, Linear And Rotary

Nonaerospace-Type Pneumatic Fluid Power Cylinders And Actuators, Linear And Rotary

Parts For Aerospace- And Nonaerospace-Type Hydraulic And Pneumatic Fluid Power Cylinders And Actuators, Including Accumulators,

Aerospace-Type Fluid Power Cylinders And Actuators, Hydraulic And Pneumatic

Fluid Power Cylinder And Actuator Manufacturing, Not Categorized, Total

Fluid Power Pump And Motor Manufacturing

Nonaerospace-Type Rotary And Other Fluid Power Pumps

Total Miscellaneous Receipts

Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Fluid Power Cylinder & Actuator Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Fluid Power Cylinder & Actuator Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Fluid Power Cylinder & Actuator Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 7%

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Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations 6%
Architecture and Engineering Occupations 11%
Engineers 8%
Office and Administrative Support Occupations 9%
Production Occupations 50%
Assemblers and Fabricators 16%
Miscellaneous Assemblers and Fabricators 12%
Metal Workers and Plastic Workers 20%
Machinists 6%
Machinists 6%
Welding, Soldering, and Brazing Workers 7%
Welders, Cutters, Solderers, and Brazers 6%
Other Production Occupations 10%
Source: Bureau of Labor Statistics

Fluid Power Cylinder & Actuator Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Fluid Power Cylinder & Actuator Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Fluid Power Cylinder & Actuator Manufacturing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Fluid Power Cylinder & Actuator Manufacturing industry.

Government Contracts

In 2022, the federal government spent a total of $40,261,906 on Fluid Power Cylinder & Actuator Manufacturing. It has awarded 142 contracts to 93 companies, with an average value of $432,924 per company.   

Most Recent Contracts Date Total Award Amount