PNEUMATIC CYLINDER MARKET ANALYSIS

Pneumatic Cylinder MarketSize and Trends

Statistics:

Asia Pacific held dominant position in the global pneumatic cylinder market in 2021, accounting for 32.0% share in terms of volume, followed by Europe and North America, respectively.

Figure 1: Global Pneumatic Cylinder Market Share (%), By Region, 2021

Asia Pacific is expected to account for the largest market share of the global pneumatic cylinder market during the forecast period. The automobile sector is growing rapidly in the Asia Pacific region. Countries such as India and China are emerging economies and the population of these countries is growing exponentially. Hence, demand for passenger, and commercial vehicles is also increasing. Pneumatic cylinders are widely used in automobile manufacturing for conveyors, valve operations in processes, and lifting heavy parts of vehicles. To meet demand of automobiles the manufacturing plants have increased across Asia Pacific region and hence, demand for pneumatic valves has also increased leading to growth of the pneumatic cylinder market.

North America and Europe regions are expected to gain traction during the forecast period. The North American health care industry is growing rapidly as the population is growing immensely. In healthcare sector pneumatic cylinders are used in operating rooms, recovery rooms, medical devices, and other systems. Compressed air is provided to the health care industry with the help of pneumatic cylinders. Hence, the popularity of pneumatic cylinders is growing in the North America region which is driving growth of the pneumatic cylinder market in the North America region.

Figure 2: Global Pneumatic Cylinder Market (US$ Bn) Analysis and Forecast, 2017 - 2030

The global pneumatic cylinder market was valued at US$ 1,227.75Mn in 2021 and is expected to reach US$ 1,933.2 Mn by 2030, growing at a CAGR of 5.3% between 2022 and 2030.

Major players operating in the global pneumatic cylinder market include SMC Corporation, Festo SE & Co. KG, Parker Hannifin Corporation, Aventics, Aro (Ingersoll Rand), Univer Group, Camozzi, Metal Work, AirTAC International Group, Ashun Fluid Power Co., Aignep S.p.A, Stampotecnica (S. R. L.), and Bonesi Pneumatik.