Global outlook of the pneumatic equipment market
Technavio’s market research analysts have predicted that the global pneumatic equipment market will grow moderately during the forecast period and post a CAGR of almost 5% by 2020. In addition to their applications in several industries, pneumatic tools are gradually acquiring significant application in food processing and medical applications as well. The recent FDA rules in the US stated as part of the Food Safety Modernization Act, demand stringent requirements for decontamination and hygiene. This will subsequently compel suppliers and packagers to meet their requirements for proper equipment cleaning. Compared to hydraulic and other mechanical equipment, the pneumatic equipment is cleaner, which will enable them to find significant applications in the food processing industry. Additionally, pneumatic equipment like pneumatic actuators is increasingly being used for medical analysis and MRI-assisted surgery. Their ability to be compliant with MRI chambers and the ready accessibility of air supply in hospitals and operating rooms make this equipment an attractive option in medical applications.
Virtual reality simulators are sophisticated, expensive and are produced using the same technology that is used in pneumatic equipment such as actuators, valves, and power drives. Pneumatic equipment is deployed in the industrial sector for impeccable repeatability and precise control. In virtual reality, every aspect of motion is constantly changing so achieving real-time responses for motion effects have always been a challenge. But with the introduction of faster computers, better ways of manipulating software, and integrating the system with pneumatic components, this will become more feasible in the coming years.
Competitive landscape and key vendors
This global market is characterized by the presence of big international players and several regional pneumatic equipment manufacturers from developing countries and as a result appears fragmented. The international players offer a wide product portfolio and mainly offer services to meet the demand from major end users. Vendor competition is completely based on the ability to meet consumer preferences, such as safety, ease of operation, cost, sustainability, and reliability. The presence of the key vendors varies from region to region. For instance, one of the major vendors AVENTICS has a dominating presence in EMEA and the Americas but has a negligible presence in APAC. Also, certain vendors are heavily dependent on specific industries and products where a small fluctuation in demand would significantly affect the company’s revenue.
The leading vendors in the market are -
- AVENTICS
- Festo
- Parker Hannifin
- Ross Controls
- SMC
The other prominent vendors in the market are Butech, Camozzi, Clippard, Emerson ASCO, Janatics, Mindman, and Siemens.
Segmentation by product type and analysis of the pneumatic equipment market
- Cylinders
- Power engines and motors
- Valves
During 2015, the pneumatic cylinders segment accounted for more than 32% of the total share of the pneumatic equipment market and dominated this industry. Owing to their low initial cost and durability, pneumatic cylinders have found significant application in factory automation. They are simple, easy to maintain, and also provide reasonable control over machine movements in industrial plants. As a result, there is an increasing demand for pneumatic cylinders from various industries such as oil and gas, automobile, food and beverage, and aerospace.
Geographical segmentation and analysis of the pneumatic equipment market
The expanding population, increasing industrialization, and rapid urbanization in APAC especially in the developing countries, such as China and India will lead to the increasing demand for agriculturalproducts, food, and chemicals, which use pneumatic equipment in their manufacturing plants. Moreover, the growth of the transportation sector in APAC will also fuel the demand for more oil and gas, which, in turn, will propel the demand for pneumatic equipment such as pneumatic pistons, motors, and cylinders. This market research report estimates that this region will account for more than 42% of the market share by 2020 and will also dominate the industry throughout the forecast period.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the pneumatic equipment market?
- What are the key market trends impacting the growth of the pneumatic equipment market?
- What are the challenges to market growth?
- Who are the key vendors in the pneumatic equipment market?
- What are the market opportunities and threats faced by the vendors in the pneumatic equipment market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the pneumatic equipment market?