Pneumatic cylinders use compressed air or gas to produce a linear pushing or pulling force through reversible mechanical action. They are useful in industrial applications as they can lift and move heavy loads economically through pneumatic power. Offering long service life, reliability and maintenance-free operations, pneumatic cylinders find widespread adoption across manufacturing plants, material handling, packaging machinery and construction equipment. The global Pneumatic Cylinder Market is estimated to be valued at US$ 8.2 billion in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023-2028, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Automation and industrial expansion have boosted demand for pneumatic cylinders significantly. With growing emphasis on factory automation to improve productivity and quality, pneumatic cylinders that can handle linear motion accurately and precisely have become indispensable. Their simple and low-cost mechanism makes them well-suited for automated assembly lines and material handling systems. Rising investments in advanced manufacturing technologies across sectors like electronics, automotive, food processing etc. are expected to drive the need for pneumatic cylinders over the forecast period.
SWOT Analysis
Strength: Pneumatic cylinders offer simple and low-cost operation for linear motion applications. They provide smooth and reliable operation.
Weakness: Pneumatic cylinders require compressed air supply for operation. Air leaks can cause unreliable operation.
Opportunity: Growing adoption of automation across industries is increasing demand for pneumatic cylinders. Increased popularity of Industry 4.0 also opens up opportunities.
Threats: Electric actuators provide an alternative for linear motion applications. Strict environmental regulations on emissions can impact demand.
Key Takeaways
The Global Pneumatic Cylinder Market Share is expected to witness high growth.
Regional analysis Asia Pacific dominates the global pneumatic cylinder market and the trend is expected to continue. Countries like China, India, Japan and South Korea are major manufacturing hubs. Increasing industrial and automation investments in these countries will drive the demand for pneumatic cylinders. Europe and North America are also significant markets driven by developed industrial and manufacturing sectors.
Key players operating in the pneumatic cylinder are SMC Corporation, Festo, IMI, Parker, Aventics, Aro (Ingersoll Rand), Univer, Camozzi, Metal Work, Airtac, Ashun Fluid Power Co, Bimba Manufacturing, EMC, Bansbach, Aignep. These companies hold a majority share of the market and are focusing on product innovations and expansion into developing countries.
For more insights, Read- https://www.pressreleasebulletin.com/pneumatic-cylinder-market-trends-size-and-share-analysis/
Get more insights on this topic: https://ceocolumn.com/blog/emergence-of-unmanned-combat-aerial-vehicles-in-modern-warfare/
Comments
0 comment