The pneumatic cylinder market consists of linear and rotary cylinders that are powered by compressed air to enable linear or circular motion. Pneumatic cylinders find applications in manufacturing, construction, material handling, packaging, warehousing, and other industries for lifting, clamping, actuating, gripping and other motion tasks. Key advantages of pneumatic cylinders include ease of installation, durability, ability to handle heavy loads, clean operation and cost effectiveness.
The Global Pneumatic Cylinder Market is estimated to be valued at US$ 1568.27 Mn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Pneumatic Cylinder Market Demand are Sinopec Corporations, LyondellBasell Industries Holdings N.V., ExxonMobil Chemicals, and Petrochina Company Limited. Sinopec Corporation is a Chinese integrated energy and chemical company with significant interests in petroleum and petrochemical operations. The growing demand from end-use industries such as automotive, food & beverages, packaging and others is propelling the pneumatic cylinder market growth. With increasing globalization, companies are expanding their manufacturing footprint across different geographies especially in emerging economies of Asia Pacific and Latin America to leverage the availability of raw materials and low production costs.
Market key trends
One of the major trends gaining traction in the pneumatic cylinder market is condition monitoring. Adoption of sensors and IoT solutions is enabling real-time monitoring of the working and health of pneumatic cylinders. This helps predict failures and plan maintenance accordingly, improving asset utilization and process efficiency. Condition monitoring allows collecting vital data parameters like vibration levels, temperature variation, air pressure etc. and alerts if any parameter crosses preset threshold limits. Data analytics further helps identify weak points and schedule targeted maintenance or upgrades. This transition towards predictive maintenance and Industry 4.0 standards is a defining trend in the pneumatic cylinder market.
Porter’s Analysis
The threat of new entrants in the pneumatic cylinder market is low as it requires high initial investments and the market is dominated by well-established players.
The bargaining power of buyers is moderate due to the availability of substitute technologies.
The bargaining power of suppliers is moderate because they are many suppliers in this fragmented market.
The threat of substitutes is high from electric actuators and hydraulic cylinders.
The competitive rivalry in the market is high due to the presence of many global and local vendors offering similar products.
Geographical Regions
North America accounts for the largest share of the global pneumatic cylinder market in terms of value. Technological advancements and growing manufacturing industries are fueling the demand for pneumatic cylinders in this region.
Asia Pacific is expected to grow at the fastest rate during the forecast period. Presence of emerging economies like China and India with rapidly expanding manufacturing sectors is driving the market in this region. Rising investments in infrastructure development and interest in automation are also contributing to the growth of pneumatic cylinder market in Asia Pacific
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.