Posts

Global Hydraulic Cylinder Market Trends, Growth, and Future Outlook

Image
Market Size & Growth In 2023, the global hydraulic cylinder market generated revenue of USD 14,558.9 million , according to P&S Intelligence. The market is projected to expand to approximately USD  19,879.8 million by 2030 , reflecting a compound annual growth rate (CAGR) of 4.7% over the forecast period.     Growth Drivers & Industry Applications The market expansion is supported by the accelerating growth of multiple end-use industries, notably construction equipment, manufacturing automation, material handling, agriculture, mining, and oil & gas. Hydraulic cylinders remain critical for heavy-duty actuation, high force density, and precise motion control, making them indispensable components in industrial machinery and mobile hydraulics.     Market Segmentation Function Type Double‑acting cylinders dominate with around 70% share in 2023. These are widely used in applications requiring bidirectional force control—such as ...
Post a Comment
Read more

Saudi Arabia Water Transport Market Size, Shares, and Growth Analysis, 2030

Image
  Market Overview The Saudi Arabia water transport market is forecast to reach USD 12.4 billion in 2024 , growing at a 5.4% CAGR to approximately USD 17.0 billion by 2030 . This reflects rising trade across sea lanes, tourism expansion, offshore energy operations, and infrastructure developments in the maritime sector.                                                             Download free Report Sample Now  Key Market Drivers 1. Trade & Offshore Operations Saudi Arabia’s extensive coastline along the Red Sea and the Persian Gulf supports booming marine logistics. The offshore transport segment is the dominant application, contributing nearly 70% of market revenue in 2024 , driven primarily by oil & gas infrastructure, offshore shipments, and cruise tourism support. 2. Cruise Tourism Expansion Government-...
Post a Comment
Read more

U.S. Metal Tank Market Latest Trends and Business Scenario 2032 | P&S Intelligence

Image
  Market Overview The U.S. metal tank market was valued at USD 7.9 billion in 2024 and is projected to grow at a steady 5.1% CAGR from 2025 to 2032, reaching USD 19.5 billion by the end of the period.     Key Drivers of Growth Industrial Production Expansion Growth in industries such as oil & gas, chemicals, and food & beverage fuels the need for storage and processing tanks. Rising Electricity Demand The demand for power-generation and utilities infrastructure necessitates more industrial-grade metal tanks. Regulatory & Safety Standards New storage and environmental safety regulations prompt retrofitting and building of compliant storage solutions.     Market Segmentation By Tank Type Part I: Large storage tanks for industrial/commercial use (e.g., oil/gas, chemicals). Part II: Pressure vessels and transport tanks across various sectors. By Materi...
Post a Comment
Read more

U.S. LEATHER GOODS & LUGGAGE MARKET POISED FOR RAPID GROWTH: FORECAST TO HIT $85.4 B BY 2032

Image
A new market analysis by P&S Intelligence, reveals that the U.S. leather goods and luggage market is on track to grow from US $52.2 billion in 2024 to an impressive US $85.4 billion by 2032, expanding at a robust CAGR of 6.5% from 2025 to 2032. Download free Report Sample Now    Market Drivers & Dynamics Growing Disposable Incomes & Fashion Consciousness – Rising earnings, coupled with increased fashion awareness, are fueling demand for premium leather accessories such as handbags, footwear, and smart luggage. Travel Boom & E-commerce Expansion – The surge in travel and digital retail platforms is rapidly broadening consumer reach and accessibility of luxury and affordable leather products. Sustainability & Innovation – Rising eco-sensitivity is sparking adoption of sustainable materials like vegan leather and plant-based tannins. Tech-enabled luggage features—GPS tracking, USB charging, security ...
Post a Comment
Read more