Pneumatic Cylinder Market Revenue Analysis & Region and Country Forecast To 2028
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.
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.
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The significant players in the market are 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).
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.
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This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Reports and Data have segmented the market on the basis of Application, Product and regional analysis.
Application (Revenue, USD Million; 2020–2028)
- Industrial Machinery
- Mobile
Product (Revenue, USD Million; 2020–2028)
- Single-acting cylinder
- Double-acting cylinder
The Pneumatic Cylinder Market Report Offers:
- Deep insights into the Pneumatic Cylinder market landscape
- Key details about the regional segmentation of the Pneumatic Cylinder market
- Analysis of the crucial market trends with regards to both current and emerging trends
- Comprehensive impact analysis of COVID-19 pandemic on the Pneumatic Cylinder industry
- Extensive overview of the key manufacturers and prominent players of the industry
- Comprehensive study of the market segmentation and recent developments
The regional analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Competitive Landscape:
The report offers a comprehensive overview of the competitive landscape of the market to provide an advantage to the reader. This segment focuses on the initiatives and innovations adopted by the key players to gain a strong foothold in the market. The report also sheds light on mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others, to offer a better understanding of the market. The report also offers insights into revenue, gross profit margin, financial standing, market position, product portfolio, and other vital aspects of each player. The report also includes a thorough SWOT analysis and Porter’s Five Forces analysis.
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