Pneumatic Component Analysis Report :the global market size is projected to reach USD 27.58 billion by 2029

According to the new market research report “Pneumatic Component - Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Pneumatic Component market size is projected to reach USD 27.58 billion by 2029, at a CAGR of 4.5% during the forecast period.

• Global Pneumatic Component MarketSize(US$ Million), 2018-2029

Source: QYResearch, "Pneumatic Component - Global Market Insights and Sales Trends 2024”

• Global Pneumatic Component TopPlayers Rankingand Market Share (Ranking is based on the revenue of 2022, continually updated)

Source: QYResearch, "Pneumatic Component - Global Market Insights and Sales Trends 2024”

According to QYResearch Top Players Research Center, the global key manufacturers of Pneumatic Component include SMC, Festo, CKD, Airtac, Parker, IMI, Emerson, Camozzi, SNS Pneumatic, Wuxi Huatong, etc. In 2022, the global top five players had a share approximately 61.0% in terms of revenue.

In terms of product application, currently Industrial is the largest segment, hold a share of 36.6%.

Market Drivers:

Automation and Industry 4.0 Trends: The increasing adoption of automation and Industry 4.0 technologies across various industries such as automotive, manufacturing, and packaging is driving the demand for pneumatic components. These components are essential for pneumatic systems used in automated machinery and production lines.

Restraint:

Impact of COVID-19 Pandemic: The COVID-19 pandemic has disrupted global supply chains and manufacturing operations, leading to fluctuations in demand for pneumatic components across various industries. Uncertainties surrounding the duration and severity of the pandemic continue to pose challenges to market recovery and growth.

Opportunity:

Expansion in Emerging Markets: Emerging economies, such as China, India, and Southeast Asian countries, present significant growth opportunities for pneumatic component manufacturers. Rapid industrialization, infrastructure development, and investments in manufacturing sectors drive the demand for pneumatic systems and components in these markets.

About The Authors

Kang Qi - Lead Author

Email: kangqi@qyresearch.com

Kang Qi is a technology & market senior analyst specializing in industrial equipment. He is engaged in the development of technology and market reports and is also involved in custom projects.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

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