Pneumatic Cylinder Market Analysis | CMI

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PNEUMATIC CYLINDER MARKET ANALYSIS

• Pneumatic Cylinder Market, the Market is
  Segmented By Function (Single-acting and
  Double-acting), By Cylinder (Cylinders with
  piston rods, Rod less cylinders, Diaphragm
  cylinders, and Rotary cylinders), By Movement
  (Linear Movement and Rotary Movement), By
  Application (Industrial, Robotics, Automobile,
  Aviation, Healthcare, and Others), and by
  Geography - Size, Share, Outlook, and Opportunity
  Analysis, 2018 2026
• Global Pneumatic Cylinder Market generated
  revenue of US 1,072 Million in 2017. By 2026,
  the pneumatic cylinder market is expected to
  amount to US 1,401 Million with a CAGR of 3.0
  over the forecast period.

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The double acting cylinder segment held the
dominant position in 2018

• On the basis of functionality, Pneumatic Cylinder
  Market is segmented into single acting cylinder
  and double acting cylinder. The double acting
  cylinder segment held the dominant position in
  the pneumatic cylinder market and is projected to
  retain its dominance throughout the forecast
  period. The double acting cylinders are faster,
  stronger, and require less energy to complete the
  task as compared to single acting cylinder.
  However, double acting pneumatic cylinders are
  more expensive. Increasing demand for high speed
  or forced mechanical devices in various
  industrial application is one of the major
  factors for high growth of the double acting
  cylinders segment.
• Moreover, double acting pneumatic cylinders are
  used in automobile, motorcycle, ATV, aeroplane
  landing gear suspensions, which will boost growth
  of the segment in the market during the forecast
  period. Double acting cylinders are found in
  jacks, fork lifts, garbage trucks, trash
  compactors, elevators, back hoes, and medical
  application such as ventilator. Increasing
  application of double acting cylinders in the
  space program as it is used to open and close the
  shuttle bay doors have forced to replace the
  electric motors with hydraulics and pneumatics
  cylinder due to high radiation level in the
  space.

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Figure. Global Pneumatic cylinder Market Share,
by Region, 2017, US Million
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Asia Pacific held the dominant position in
Pneumatic Cylinder Market in 2017

• On the basis of geography, the pneumatic cylinder
  market is segmented into North America, Europe,
  Asia Pacific, Latin America, Middle East, and
  Africa. Asia Pacific pneumatic cylinder market
  held the dominant position in the market and is
  expected to hold its dominance throughout the
  forecast period. India, China, and Japan are the
  major growth engines in this region. Increasing
  demand for earth moving equipment in Asia Pacific
  is one the key factors, which accelerated the
  demand for the pneumatic cylinder in the region.
  Rising number of construction projects in China
  is leading to increasing demand for earth moving
  equipment. For instance, after the announcement
  of One Belt, One Road project by China
  government in 2013, the construction industry in
  the country is expected to witness a significant
  growth. The main aim of the project was to link
  three regions Asia, Africa, and Europe.

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• Moreover, increasing urban population in India
  has also increased demand for housing projects,
  which will directly increase the demand for earth
  moving equipment during the forecast period. For
  instance, according to Population Reference
  Bureau, the total population of India was 1,352.6
  million in 2017, out of which, 33 (about 446
  million) lives in urban areas. Furthermore, high
  investments for infrastructure development by the
  Indian government accelerated demand for earth
  moving equipment in India. For instance,
  according to the India Brand Equity Foundation
  (IBEF), in the Union Budget 2018 2019, the
  government allocated US 92.22 billion for
  infrastructure.

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Key Players- Global Pneumatic Cylinder Market.

• The major players operating in the global
  pneumatic cylinder market include SMC
  Corporation, Festo, Parker Hannifin Corporation,
  Aventics, Aro (Ingersoll Rand), Univer Group,
  Camozzi, Metal Work, AirTac, Ashun Fluid Power
  Co, and others.

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