by Pneumatic cylinders are mechanical devices that use compressed air or gas to produce linear motion. They are commonly used in industrial applications for pushing, pulling, lifting, clamping and other linear motions. The growing demand for automation across various end use industries such as food and beverage, semiconductor, manufacturing, material handling and packaging is propelling the growth of pneumatic cylinder market. Technological advancements in pneumatic cylinders have led to development of smart cylinders with sensors and feedback options for predictive maintenance in automation equipment.
The global Pneumatic Cylinder Market is estimated to be valued at US$ 1361.34 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing demand for automation in various industries is one of the major factors driving the growth of pneumatic cylinder market. Automation improves productivity and efficiency of production processes. According to the International Federation of Robotics, worldwide industrial robot shipments grew by 6% to around 422,000 units in 2021. This increasing automation is expected to boost the demand for pneumatic cylinders significantly over the forecast period. Pneumatic cylinders provide linear motion easily and are well suited for automation applications in manufacturing. The development of smart pneumatic cylinders with integrated sensors and feedback systems is a key trend witnessed in the market. These cylinders support predictive maintenance of automated machinery and reduce downtime. With technological advancements, pneumatic cylinders are finding increasing usage in newer applications such as exoskeleton robots, medical devices and 3D printing.
SWOT Analysis
Strength: Pneumatic cylinders offer durability, efficiency and lower maintenance compared to hydraulic and electric cylinders. They can withstand harsh working conditions and provide high power output.
Weakness: Pneumatic cylinders produce more noise during operation compared to electric cylinders. Air leakage can also reduce the efficiency of pneumatic cylinders over time.
Opportunity: Increasing demand from automotive, construction and material handling industries will drive the need for advanced pneumatic cylinders. Technological advancements can help reduce air leakage and noise levels.
Threats: Availability of substitutes like electric cylinders is a threat. Strict environmental regulations on dust and fumes can also restrict the growth. Rising costs of raw materials needed for pneumatic cylinders impacts profit margins.
Key Takeaways
The Global Pneumatic Cylinder Market Size is expected to witness high growth. The global Pneumatic Cylinder Market is estimated to be valued at US$ 1361.34 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030.
North America currently dominates the market owing to large presence of manufacturing facilities and expansions in automotive industry. Asia Pacific is expected to grow at fastest pace due to significant growth of end use industries in China and India.
Key players operating in the pneumatic cylinder market are Eli Lilly and Company, Sanofi S.A., Cadila Healthcare Limited, Cipla Limited, Castle Biosciences, Regeneron Pharmaceuticals, Inc., Merck & Co., Inc., Vidac Pharma, LEO Pharma A/S, Regeneron Pharmaceuticals, Inc., Merck Sharp & Dohme, and Amgen Inc. Regionally, Asia Pacific is expected to witness highest CAGR during the forecast period due to rising infrastructural activities and increasing automation in automotive sector of China and India.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
