What is the global market size of Pneumatic Cylinder Market?

Pneumatic Cylinder Market size was valued at USD 1227.75 million in 2021 and is poised to grow from USD 1292.82 million in 2022 to USD 2057.75 million by 2030, growing at a CAGR of 5.3% in the forecast period (2023-2030).

Global Pneumatic Cylinder Market Size, Share, Growth Analysis, By Product(Single-acting cylinder, double-acting cylinder), By Motion(Linear, rotary), By End user(Oil & gas, paper & pump) - Industry Forecast 2024-2031

Report ID: SQMIG20I2152 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 95 | Figures: 76

Global Pneumatic Cylinder Market Dynamics

Pneumatic Cylinder Market Driver

Incorporation of IoT in Pneumatic Cylinder

IoT plays a big role in robotics, by giving operators more control over their equipment, such as by manipulating the machines from a distance using the app. IoT also has wide applications in the medical industry, automotive industry, food processing, and packaging. hence the incorporation of IoT in pneumatic cylinders drives the market.

Pneumatic Cylinder Market Restraint

Production and Maintenance Cost is High

High production and maintenance costs of pneumatic cylinders hindered the market growth. In some applications, there is a need of maintaining the specific speed so that additional devices are used to obtain the specific speed which ultimately increases the cost of a pneumatic cylinder. The durability of the pneumatic cylinder is less as they accumulate moisture. This factor restrains the growth of the global market.

Global Pneumatic Cylinder Market Report Snapshots

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Pneumatic Cylinder Market size was valued at USD 1227.75 million in 2019 and is poised to grow from USD 1292.82 million in 2023 to USD 2057.75 million by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

Global pneumatic cylinder market is highly fragmented. Due to consumer focus on competitive pricing, many pneumatic cylinder players have a manufacturing plant in regions where labor cost is lower. Key players undergo mergers and acquisitions to produce innovative products. Players accepted key strategies to strengthen their position in the competitive market. 'Airtac International Group', 'Parker Hannifin Corporation', 'SMC Corporation', 'Festo Corporation', 'Aventics GmbH', 'Metal Work Pneumatic USA, Inc.', 'IMI Precision Engineering', 'Camozzi Automation Spa', 'Norgren Inc.', 'CKD Corporation', 'Bosch Rexroth AG', 'Univer Group', 'FABCO-AIR, Inc.', 'Clippard Instrument Laboratory, Inc.', 'Sipartech S.p.A.', 'PIAB AB', 'EMC Pneumatic S.r.l.', 'ASCO Valve, Inc.', 'Bimba Manufacturing Company', 'Janatics India Private Limited'

Incorporation of IoT in Pneumatic Cylinder

Introduction of smart pneumatic cylinder due to its various advantages such as system optimization, which links the networking machinery, sensors, and control system together.

Asia Pacific is expected to have the largest global pneumatic cylinder market share over the forecast period due to the automobile sector growing rapidly in this region. In addition, emerging countries such as India and China have high populations which increase the demand for passenger and commercial vehicles. Automobile industries used pneumatic cylinders for conveyors, valve operation in process, and lifting heavy parts of vehicles. In the Asia Pacific region manufacturing plants are increased to meet the demand for automobiles, and hence the demand for pneumatic valves has also increased which helps to propel the market growth.

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Global Pneumatic Cylinder Market Size, Share, Growth Analysis, By Product(Single-acting cylinder, double-acting cylinder), By Motion(Linear, rotary), By End user(Oil & gas, paper & pump) - Industry Forecast 2024-2031

Global Pneumatic Cylinder Market Dynamics

Global Pneumatic Cylinder Market Report Snapshots

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