USD 12.8 billion
Pneumatic Components Market Size, Share, Growth Analysis, By Type(Air Treatment Components, Pneumatic Valves, and Pneumatic Cylinders), By Application(Electronics, Chemicals, Machinery, and Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2254 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
64
|Figures:
71
Pneumatic Components Market Insights
Pneumatic Components Market size was valued at USD 13.44 Billion in 2023 and is poised to grow from USD 14.11 Billion in 2024 to USD 20.85 Billion by 2032, growing at a CAGR of 5% during the forecast period (2025-2032).
Pneumatic components are solutions that work on the mechanism of compressed air or gas. These components power the mobile parts with compressed air. Pneumatic components play a vital role in powering various machinery and equipment that require precise and effective control movement. The rapidly increasing manufacturing sector across the globe is directly boosting the sales of pneumatic components. The incorporation of pneumatic components with Industry 4.0 technologies is fueling automation, data exchange, and connectivity in manufacturing. Furthermore, the growing sustainability trend is leading to the production of energy-efficient pneumatic components, leading to reduced environmental impact and operational costs.
Miniaturization is an emerging trend, and it is gaining popularity in several industries. The pneumatic components market is also enjoying this trend by developing compact solutions. Compact pneumatic components due to their small size are exhibiting high demand across the end-use industries.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Pneumatic Valves
Fastest Growth
Pneumatic Cylinders
Growth Rate
5% CAGR
Global Pneumatic Components Market ($ Bn)
Country Share for North America Region (%)
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Pneumatic Components Market Segmental Analysis
The global pneumatic components market is segmented based on type, application, and region. In terms of type, the market is segmented into air treatment components, pneumatic valves, and pneumatic cylinders. Based on application, the market is bifurcated into electronics, chemicals, machinery, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Type
Pneumatic valves currently hold a major share of the global pneumatic components market. This dominance of pneumatic valves is because of their features such as versatility, reliability, ease of maintenance, and cost-effectiveness. Pneumatic valves’ versatility feature is increasing their use in a wide range of applications. Their improved controlling capabilities are further increasing the demand in various industries such as automotive, aerospace, manufacturing, and more.
Sales of pneumatic cylinders are projected to expand at the fastest CAGR during the forecast period. The increasing shift towards automation is boosting the need for advanced pneumatic cylinders. The industry is rapidly adopting Industry 4.0 manufacturing practices, which leads to overall market growth. Advanced pneumatic cylinders are also widely demanded due to their ability to improve overall performance.
Analysis by Application
The machinery segment holds a dominant share of the global pneumatic components market. The pneumatic components are widely used in various equipment and machinery. These are components effective in boosting the overall performance of machines. Robotics and automation are further enhancing the manufacturing process, leading to overall market growth.
The demand for pneumatic components in the electronics sector is predicted to evolve at a robust CAGR during the study period. The electronics sector is increasing at a robust pace across the globe, the growing requirements of this sector such as the increasing need for compact solutions, speed, low heat generation, and more are driving the demand for modern pneumatic components. The electronics sector is well known for its delicate and preciseness, the pneumatic components which operate in a clean and containment-free manner are boosting the overall performance of electronic products.
Global Pneumatic Components Market By Type
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Pneumatic Components Market Regional Insights
North America holds a dominant share in the global pneumatic components market. North America is witnessing a strong presence in various industries such as aerospace, electronics, automotive, and manufacturing. All these industries make high use of pneumatic components for automation and precise control. Furthermore, the United States and Canada have a significant presence of pneumatic component manufacturers, which is leading to the overall growth of the pneumatic components market. These industry leaders are adopting several strategies to boost their revenues in the region.
Demand for pneumatic components is foreseen to increase rapidly during the coming decade. The Asia Pacific region is a global manufacturing hub. This is because of the presence of several industries in the Asia Pacific countries such as China, India, Japan, and South Korea. Also, the region’s strong automotive sector is contributing significantly to the growth of pneumatic component sales. Pneumatic components are widely used in the automotive sector for precise control. Furthermore, the growth in these industries is directly influencing the sales of pneumatic components.
Global Pneumatic Components Market By Region
- Largest
- Fastest
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Pneumatic Components Market Dynamics
Drivers
Rapid Industrialization
- Growing demand for different products around the world has resulted in a rapid surge in industrial activity on a global level and this trend is slated to boost the demand for pneumatic components across the forecast period and beyond.
Advancements in Pneumatic Technology
- As pneumatic technology advances, it has resulted in efficient pneumatic components, which are projected to witness high demand from different industry verticals. These new energy-efficient components are also compliant with modern sustainability mandates that are gaining prominence around the world.
Restraints
Availability of Electromechanical Solutions
- Adoption of electromechanical components owing to their benefits of pneumatic components is projected to significantly slow down the market growth over the coming years. Growing penetration of automation technologies is also estimated to favor the demand for electromechanical components and hurt sales of pneumatic components going forward.
Competitive Pricing
- Pneumatic components are being manufactured by domestic as well as international companies, but the localization of manufacturing allows domestic companies to price their products much lower than international players. This competitiveness in pricing negatively impacts profit margins on leading market players and slows down market growth potential as well.
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Pneumatic Components Market Competitive Landscape
Pneumatic component manufacturers should invest in the research and development of new and advanced products to widen their application scope and revenue generation potential as well. Pneumatic components market players should also focus on expanding their distribution networks to amplify their business reach across the world. Partnerships, collaborations, mergers, and acquisitions will also be preferred strategies for new and upcoming pneumatic component suppliers looking to enhance their global presence. The global pneumatic components market is highly competitive, and this is why companies should always invest in new strategies to stay ahead of the competition.
Top Player’s Company Profiles
- Airtac International Group
- CNSNS
- Parker Hannifin Corporation
- Camozzi Group
- Siemens AG
- Ckd Corp.
- Wuxi Huatong Pneumatic Manufacture Co. Ltd.
- Bosch Rexroth AG
- SMC Corporation
- Emerson Electric Co.
- Janatics
- Easun Pneumatic Science
- Norgren, Inc. (IMI, PIC)
- Festo SE & Co. KG
- Zhaoqing Fangda pneumatic Co. Ltd.
- Fenghua Yaguang Pneumatic Element Co, Ltd.
Recent Developments
- Festo, a renowned provider of automation products based in Germany, announced the launch of program to deliver pneumatic components fast in January 2023. The Pneumatic Essentials program will ensure fast delivery of pneumatic components that are in stock with the company.
- In November 2023, Festo, a leading automation company launched a new range of pneumatic service units under the name of MS-Basic. These new solutions are lightweight yet highly effective.
Pneumatic Components Key Market Trends
- Adoption of Smart Manufacturing: The growing popularity of Industry 4.0 and advancements in manufacturing technology have substantially promoted the popularity and adoption of smart manufacturing approaches around the world, which in turn are slated to uplift sales of pneumatic components as they are extensively used in smart manufacturing systems.
Pneumatic Components Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, rapid growth of industrialization around the world and increasing adoption of pneumatic systems in different industrial applications are forecasted to bolster the demand for pneumatic components over the coming years. Rapid adoption of smart and advanced manufacturing technologies coupled with high demand for automation is slated to hamper pneumatic components market growth across the forecast period and beyond. The North American region is estimated to account for a dominant chunk of the global pneumatic component demand owing to the presence of advanced industrial component manufacturers. Product innovation is slated to be crucial for new as well as established pneumatic components market players going forward.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 12.8 billion |
| Market size value in 2031 | USD 19.86 billion |
| Growth Rate | 5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pneumatic Components Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pneumatic Components Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Pneumatic Components Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pneumatic Components Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pneumatic Components Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pneumatic Components Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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