Introduction

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

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
  • Others

Based on application, the pneumatic equipment market is segmented into

  • Automotive
  • Semi-Conductor
  • Healthcare
  • Packaging
  • Others (Marine , Food, etc)

In terms of distribution channel, the pneumatic equipment market is segmented into

  • Online channel
  • Offline channel

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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