Enjoy complimentary customisation on priority with our Enterprise License!
The air motor market size is forecast to increase by USD 1.14 billion, at a CAGR of 4.06% between 2023 and 2028. The market growth analysis depends on several factors such as the increasing number of applications in various tools, the rising use of air motors in food and beverages industry for sterile applications, and the growing adoption of air motors in industrial machinery.
The report includes a comprehensive outlook on the market, offering forecasts for the industry segmented by Type, which comprises vane air motor, piston air motor, and gear air motor. Additionally, it categorizes Application into transportation, chemical, food and beverage, healthcare, and others, and covers Regions, including APAC, Europe, North America, South America, and Middle East and Africa. The market report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Market Forecast 2024-2028
To learn more about this report, Request Free Sample
Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Industries are focusing on using energy-efficient equipment in their production processes and end-products, owing to rising energy costs. Although an electric motor is energy efficient compared with an air motor, the adoption of electric motors for all industrial applications is less due to their weight. Air motors are lightweight and provide an effective power-to-weight ratio as compared to electrical motors. Furthermore, air motors provide high output in terms of sudden short-term release of power, speed, overload, high-duty cycles, and relative immunity to dirt and humidity.
Furthermore, even a small air motor can deliver the same power as an electric motor due to its high power density. Thus, such benefits have resulted in switching from electric motors to air motors in industrial machinery applications, such as paint mixers, oilfield down-well cables, automotive paint shop automation drives, winding systems, conveyor drives, and backflush filter drives. Furthermore, the rising preference for air motors over electric motors in industrial machinery applications is expected to drive the growth of the market in focus during the forecast period.
An air motor needs compressed air for effective performance. The direct electricity consumption of air motors is low. However, compressed energy incurs a high energy cost for the manufacturing industry. Moreover, if a convenient source of compressed air is not available, then the operating expense (OPEX) of an air motor will exceed that of an electric motor and its support equipment. Air motor manufacturers need to reduce the overall consumption of compressed air.
As a result, most market players have started to develop piston air motors. A piston air motor rotates at a slow speed while providing a high torque, which reduces the overall power consumption during the operation. Some market players have launched a new variant of piston air motor, which can drastically reduce the overall compressed air consumption of air motors during operations. The introduction of such air motors is expected to reduce OPEX and increase their adoption in industrial applications during the forecast period.
Aluminum and steel are the main raw materials needed for manufacturing air motors. Many manufacturers prefer sourcing components from third-party vendors. They establish long-term contracts with product suppliers to maintain a balance between production and supply. However, the prices of raw materials used for manufacturing air motors have been fluctuating since the last decade. Increasing taxes and duties, the implementation of additional tariffs, and production outages in metal ore-producing countries are affecting the prices of steel and aluminum.
Moreover, any unanticipated fluctuation in raw material prices can pose a challenge to the manufacturers of air motors, which can affect their overall profit margins, operating incomes, and cash flows. Hence, air motor manufacturers prefer pre-purchasing steel and aluminum components. However, purchasing raw materials in large quantities increases the inventory cost and the overall production cost. Therefore, the volatility in raw material prices will pose a challenge to air motor manufacturers during the forecast period.
The vane air motor segment will be significant during the forecast period. The growth of this segment is attributed to factors such as the high adoption of vane air motors in tooling and industrial machinery applications. Moreover, the increasing demand for industrial tools and the ability of air motors to perform efficiently in hazardous industrial conditions with low fuel consumption have increased the demand for vane air motors.
Customised Report as per your requirements!
The vane air motor segment showed a gradual increase in the market share of USD 2.65 billion in 2018. The development of piston air motors, which consume less compressed air than vane air motors, has increased the demand for vane air motors in applications that require high energy efficiency. Air motors are preferred in industrial applications, as they are lightweight and cost-effective when compared to piston motors. Therefore, the vane air motor segment will maintain its dominance in the global market during the forecast period.
Based on application, the market has been segmented into transportation, chemical, food and beverage, healthcare, and others. The transportation?segment will account for the largest share of this segment.?
For more insights on the market share of various regions Download Sample PDF now!
APAC is estimated to contribute 40% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. China, Japan, South Korea, and India are the major markets for air motors in APAC, owing to rapid industrialization, the increasing number of investments in the manufacturing industry, and the rising adoption of tooling. The market in the region has both regional and international vendors. The increasing demand for air motors, especially in China and India, has attracted a large number of international vendors. Established vendors are expected to increase their market shares by integrating with regional players or acquiring regional service providers during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
DEPRAG SCHULZ GMBH u. CO. KG, Desoutter Industrial Tools, Eimco Elecon India Ltd., Fiam Utensili Pneumatici S.p.A., GLOBE Benelux BV, IDEX Corp., Ingersoll Rand Inc., James Engineering, MD Compressed Air Technology GmbH and Co. KG, MODEC SAS, Parker Hannifin Corp., PTM mechatronics GmbH, Regal Rexnord Corp., Robert Bosch GmbH, Sommer Technik GmbH, SPX FLOW Inc., Stryker Corp., Thomas C. Wilson LLC, and TONSON Air Motors Manufacturing Corp.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Air Motor Market Scope |
|
Report Coverage |
Details |
Page number |
179 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.06% |
Market Growth 2024-2028 |
USD 1.14 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.56 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 40% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Atlas Copco AB, DEPRAG SCHULZ GMBH u. CO. KG, Desoutter Industrial Tools, Eimco Elecon India Ltd., Fiam Utensili Pneumatici S.p.A., GLOBE Benelux BV, IDEX Corp., Ingersoll Rand Inc., James Engineering, MD Compressed Air Technology GmbH and Co. KG, MODEC SAS, Parker Hannifin Corp., PTM mechatronics GmbH, Regal Rexnord Corp., Robert Bosch GmbH, Sommer Technik GmbH, SPX FLOW Inc., Stryker Corp., Thomas C. Wilson LLC, and TONSON Air Motors Manufacturing Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.