Pneumatic equipment is a tool or instrument used to perform multiple tasks by using compressed air. It consists of a variety of components that are used to perform mechanical motion and control pneumatic operations. Compressed air is found to be more economical, flexible, and safe to use. This is the major reason influencing end-users to opt for pneumatic equipment to perform regular industrial operations. In addition, implementation of stringent regulatory laws to protect the environment from the hazards of flammable and toxic components has encouraged manufacturers to utilize sustainable products such as pneumatic equipment. The availability of air in abundance is expected to enhance the sale of pneumatic equipment and generate revenue in the coming years.
Pneumatic Equipment Market- Competitive Landscape
Manufacturers are emphasizing on a customer centric strategy by providing cost effective products. Pneumatic equipment manufacturers are increasingly facing competition from substitutes such as hydraulic and electrical equipment. In addition, a rise in the number of emerging players across the globe who manufacture similar products at much lower price is expected to lead to significant competition in the market.
Emerging players in the market are emphasizing on offering customized products in order to maintain a healthy relationship between the users and enhance the sale of the product.
- Major players in the pneumatic equipment market are focused on the development of innovative design of the product by opting for newer advanced technologies that meet the expectation of users.
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Basso Industry Corp
Basso Industry Corp, founded in 1983, is involved in the manufacturing of pneumatic fastening tools. It is a public company, listed on the Taiwan Stock Exchange (TWSE) in 1998. Basso Industry Corp offers a wide range of products such as pneumatic nailers or staplers, automotive air tools, and gas nailers.
Advanced Pneumatic Industries (A.P.I. S.r.l.)
Advanced Pneumatic Industries is an Italian company specialized in the manufacturing of pneumatic components. Advanced Pneumatic Industries was founded in 1987 as an individual company. The company manufactures actuators, valves, airline equipment, accessories, and stainless steel components. It is focused on continuous investments and manufacturing of a wide range of pneumatic equipment to fulfill the requirements of end-users.
Festo Corporate is an engineering-driven company founded in 19725. The company is involved in the business of distribution and manufacturing of pneumatic, electrical control, and drive technology for industrial or process automation. The company operates its business under two segments: industrial automation and process automation. Festo Corporate has spread its business in over 180 countries with the presence of more than 250 branch offices all over the globe.
Key players in the pneumatic equipment market include Basso Industry Corp., Bosch Rexroth AG, A.P.I. S.r.l., SMC Corp. of America, Jiffy Air Tool, Inc., Atlas Copco, Eaton Corp., Festo Corporate, Gardner Denver, Hitachi Koki, Delton Pneumatics, Ingersoll Rand Inc., KURODA Pneumatics Ltd., Kramer Air Tools Inc., Makita Corp., Mitsubishi Heavy Industries Ltd., The Mann+Hummel Group, Stanley Black & Decker Inc., P&F Industries, and Vac-U-Max, Inc.
Pneumatic Equipment Market Dynamics
Rise in dependence on pneumatic equipment
Manufacturers are commonly opting for affordable materials which are more durable such as zinc, aluminum, and plastics in pneumatic equipment. The minimal cost of manufacturing pneumatic equipment owing to low cost design materials makes it more economical for manufacturers. This is expected to enhance the sale of pneumatic equipment in the coming years. In addition, as air is non-flammable, usage of pneumatic equipment may have limited risks associated with fire. This is a major factor that resulted in users opting for pneumatic equipment to maintain environmental standards and avoid the hazards of fire. Moreover, rapid growth in the industrial sector which is opting for pneumatic equipment to perform multiple tasks is expected to drive the market in the coming years.
Risks associated with the handling of pneumatic equipment
Pneumatic equipment requires installation of expensive air-producing equipment. Rise in dependency of pneumatic equipment on air tends to lead to more complication while handling and monitoring the equipment in comparison to electric or hydraulic systems, as air is a compressible gas. Moreover, risk while handling pneumatic equipment due to leakage of air pressure may result in fatal injuries. In addition, end-users are finding substitutes such as electric and hydraulic equipment to be more attractive compared to pneumatic equipment in terms of usage. These are the factors that hinder the growth of the pneumatic equipment market across the globe.
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Pneumatic Equipment Market Segmentation
- Pneumatic Actuators
- Pneumatic Valves
- Air Control Units
- Pneumatic Cylinders
- Pneumatic Fittings
- Pneumatic Pumps
- Pneumatic Seals
- Pneumatic Tubing
- Pneumatic Valves
Based on application, the pneumatic equipment market is segmented into
- Others (Marine , Food, etc)
In terms of distribution channel, the pneumatic equipment market is segmented into
- Online channel
- Offline channel
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