Sliding Vane Air Motor Market by Offering (Product and Component), Application (Tool, Industrial Equipment, and Others), and End-user Industry (Automotive, Manufacturing, Healthcare, and Others) - Global Opportunity Analysis and Industry Forecast, 2018-20

The sliding vane air motor market witness high growth in Asia-Pacific and is expected to follow same trend in the coming years, owing to extensive presence of automotive and manufacturing industries, where air motors are widely used in equipment and tools used for various applications. Moreover, these air motors are cost-effective and easy to maintain. In addition, they provide high power-to-weight ratio and variable torque & speed. These factors majorly drive the demand for these robust air motors in various industrial applications.

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According to the report, the global rotary vane air motor market generated a revenue of $2.575 billion in 2017, and is expected to generate $3.677 billion in 2025, registering a CAGR of 4.61% from 2018 to 2025. Rise in demand for tools with different torque and fastening capabilities and development of tools with abilities to perform efficiently in adverse conditions augment growth in the industry. However, less scope in heavy duty applications would restrain growth in the market. On the other hand, increase in investment in superior tools and high power-to-weight ratio create new opportunities in the market.

Offering segment is classified further into product and component. The product segment garnered the highest revenue and contributed to nearly two-third of the market share. However, the component segment would register the highest growth during the forecast period, growing nearly 1.5 times.

Applications analyzed in the research are tools, industrial equipment, and others. The industrial equipment segment contributed the highest market share in 2017 and continue its dominance by 2025. On the other hand, the tools segment would grow by around 50% by 2025.

End users discussed in the research include automotive, manufacturing, healthcare, and others. The automotive segment contributed to one-third share of total market in 2017, however, the manufacturing segment generated around one-fourth of market share. The automotive sector will be the second-most lucrative segment, followed by manufacturing sector.

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The report offers insights on various regions including North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA). The country-wise and cross-sectional analysis is also provided in the research. The Asia-Pacific region contributed to the highest revenue and is expected to continue its dominance throughout the forecast period. The region contributed to nearly one-third of market share in 2017 and would maintain its share by 2025.

The major market players active in the industry include Atlas Copco, Altra Industrial Motion, Parker Hannifin Corporation, SANEI Co. Ltd., Deprag Schulz GmbH u. Co., Bibus AG, Ingersoll-Rand, FIAM, Globe Airmotors, Desoutter Industrial Tools, Sommer-Technik, and Ferry Produits. They have adopted various strategies including mergers, partnerships, acquisitions, collaborations, and joint ventures to gain stronghold in the global industry and build long-lasting business.

Analyst Review:

The global sliding vane air motor market signifies a notable growth due to the increase in deployment of sliding vane air motors in various tools and industrial equipment. Sliding vane air motors are air motors that constitute multiple vanes fitted on slotted rotor. These motors utilize the energy stored in the form of compressed air to exert pressure on vanes, which provide rotational motion to the central shaft. Increase in demand for tools with variable torques and fastening capabilities majorly increase the adoption of rotary vane air motors. However, these air motors need unfavorable energy in heavy duty application, which hinder the growth of the market.

Furthermore, there is an increase in demand for the vane air motors in industrial equipment used in automotive and manufacturing industries. This increase in demand majorly boosts the growth of the air motors in the Asia-Pacific market. In addition, LAMEA is projected to be among the fastest growing segments during the forecast period, owing to the ability of the air motors to perform efficiently in hazardous condition without damage, which is projected to increase the requirement in mining and oil & gas processing industries.

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