Pneumatic Equipment Market SWOT Analysis 2021 by Top Manufacturers: Basso Industry Corp., Festo Corporation, SMC Corporation, Metabowerke GmbH

Latest released, the research study on Global Pneumatic Equipment Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. Pneumatic Equipment Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Pneumatic Equipment. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Basso Industry Corp., Festo Corporation, SMC Corporation, Metabowerke GmbH, Hitachi Koki Co. Ltd., Stanley Black & Decker Inc., Chicago Pneumatic, Eaton Corporation, Ingersoll Rand Inc., Parker Hannifin Corporation

The Pneumatic Equipment Market was valued at USD 79.93 billion in 2020 and expected to reach USD 140.84 billion by 2026 and grow at a CAGR of 7.34% over the forecast period (2021-2026).

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Industry News and Updates:

- October 2019- Festo launched two new product lines, the Simplified Motion Series and CPX-AP-I remote I/O. The Simplified Motion Series of these electric drives combines the pneumatics with the benefits of electric automation. The Festo remote I/O system CPX-AP-I is designed to improve the performance of mixed valve terminals and I/O systems, which is compatible with most communication protocols, including EtherNet/IP, PROFINET, and EtherCAT.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

North America to Hold Major Share

- According to the US Department of Energy, the compressed air systems account for 10% of all electricity and roughly 16% of all motor system energy use in US manufacturing industries. It also states that 70% of all manufacturing facilities in the United States have some form of the compressed air system. Most of these systems offer compressed air to drive a variety of equipment in a provided plant, including machine tools, painting booths, materials separation, and materials handling.
- The increase in production and sales of commercial vehicles and off-highway trucks, along with the increased production of the railway and high-speed trains production, are driving the growth of the market studied in the region.
- According to Roland Berger, 0.49 million units of medium and heavy-duty trucks were produced in the region in 2019, and it further estimates that in 2021 0.52 million units of medium and heavy-duty trucks would be produced. Such an increase in the production of vehicles would drive the adoption of the pneumatic equipment market.
- Further, the new FDA rules in the US stated as part of the Food Safety Modernization Act, which recommends stringent requirements for decontamination and hygiene. This will consequently compel suppliers and packagers to satisfy their needs for proper equipment cleaning. Compared to hydraulic and other mechanical equipment, the pneumatic equipment is cleaner, which enables their usage for significant applications in the food processing industry. Such regulations enable the strong growth of the market in the region.

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-Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

-Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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