The outlook for electric cylinders in the Indian market is generally positive, primarily benefiting from the
acceleration of global industrial automation and the Indo-Asia-Pacific region as a growth engine for the
electric cylinder market. China, Japan, and South Korea dominate the market, but India, with its rapidly
expanding industrial base, is emerging as a potential market.
Demand for electric cylinders in industrial automation, logistics, and packaging continues to grow, with
the rise of new energy vehicles being a key driver. It is expected that by 2025, the global share of
electric cylinder demand from new energy vehicles will increase significantly.
India's electric vehicle market is experiencing explosive growth, with a market size of approximately
US$5.22 billion in 2024 and projected to reach US$23.5 billion by 2030, maintaining a compound annual
growth rate of approximately 28.5%. Two- and three-wheeled electric vehicles, in particular, account for
a significant share of sales, exceeding 2.038 million units in the 2024-2025 fiscal year. Four-wheeled
electric vehicles are experiencing a 45% growth rate, directly driving demand for manufacturing
automation equipment, such as electric cylinders. The Indian government is vigorously supporting the
electric vehicle industry through policies such as FAME II, investing billions of dollars in incentives and
accelerating the construction of charging infrastructure. Although a shortage of charging stations
remains a bottleneck, these measures will further stimulate the localization of related industrial comp
onents.
Overall, the electric cylinder market in India has the potential to achieve rapid growth by 2030, driven by
policy support and industrial upgrading.
