The Pneumatic Cylinder Market is expected to grow from USD 1.62 Billion in 2020 to USD 2.08 Billion by 2028, at a CAGR of 3.2%. Advances in pneumatic cylinders are a key factor in the rapid growth of the global market for pneumatic cylinders.
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Pneumatic cylinders offer benefits such as fast cylinders movement, low maintenance costs and cleanliness. The air used in pneumatic cylinders also prevents complications from the internal parts of the system because the air is dry and free of moisture. In many end - user industries, these factors increase the adoption of pneumatic cylinders.
In addition, the integration of IoT with pneumatic cylinders and high demand from the food processing industry to comply with regulatory standards are some of the factors that have a positive impact on the growth of the global market for pneumatic cylinders.
Further key findings from the report suggest
- The Pneumatic Cylinder Market is expected to grow from USD 1.62 Billion in 2020 to USD 2.08 Billion by 2028, at a CAGR of 3.2%. Advances in pneumatic cylinders are a key factor in the rapid growth of the global market for pneumatic cylinders.
- On the basis of Application, the Industrial Machinery segment is expected to have the largest market share during the forecast period due to the recovery of the global economy, the development of emerging countries, the expansion of Chinese industrial expenditure, the automotive market, the increase in pneumatic cylinder consumption will be significant.
- On the basis of Type, the pneumatic cylinder market is segmented into single-acting cylinders and double-acting cylinders. The segment of double-acting cylinders is expected to grow at the highest CAGR of 4.89% during the forecast period due to the different advantages of double-acting pneumatic cylinders.
- Asia Pacific is forecasted to grow the highest at a CAGR of 5.6% during the forecast year and is expected to maintain its dominance over the forecast period. Increasing government infrastructure investment leads to a high demand for earth moving equipment, which in turn increases the market for pneumatic cylinders.
Top players profiled in the report include:
Aventics (Germany), Airtec Pneumatic (Germany), SMC Corporation (Japan), Parker Hannifin (US), Emerson Electric (US), Sheffer Corporation (US), Festo GmbH (Germany), Ashun Fluid Power Co., Ltd. (Taiwan), Bimba Manufacturing (US) and Univer (Italy).
Application (Revenue, USD Million; 2020–2028)
- Industrial Machinery
- Mobile
Product (Revenue, USD Million; 2020–2028)
- Single-acting cylinder
- Double-acting cylinder
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Geographic Segment Covered in the Report:
The Pneumatic Cylinder report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
Summary of the Pneumatic Cylinder Market Research Report:
- Insightful information regarding the global Pneumatic Cylinder market
- Strategic recommendations for the investment opportunities
- The report covers significant statistics related to the industry along with products, applications, price analysis, demand supply, and production and consumptions rate
- Emerging trends and current market segment analysis to help investors formulate new business strategies
- Thorough SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis
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