Demand For Industrial Automation Is Likely To Fuel The Sales Of Air/Pneumatic Balancers Market During The Forecast Period Of 2022 to 2031
Air Balancers are widely used for the application of loading, unloading in the automotive sectors, construction, offshore, mining and transport. The Air Balancer uses the same principle as a single-acting air cylinder. Air pressure passes into the piston chamber to raise the load, while gravity and the release of pressure allow the load to lower. This design requires minimum air consumption.
Automotive Air/pneumatic Balancers Market: Key Players
Carl Stahl American Lifting
Engineered Lifting Systems and Equipment Inc
NanJing JinMing Machinery Engineering
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Segmentation Analysis of Air/Pneumatic Balancers Market
The global Air/Pneumatic Balancers market is segmented into four major segments: by product type, by the number of rope, by application, by capacity, by the technology used and by region.
On the basis of product type, Air/Pneumatic Balancers market has been segmented as follows:
Pneumatic air balancer
Hydraulic air balancer
Electric air balancer
On the basis of the number of rope, Air/Pneumatic Balancers market has been segmented as follows:
Single Rope Air/Pneumatic Balancer
Double Rope Air/Pneumatic Balancer
On the basis of application, Air/Pneumatic Balancers market has been segmented as follows:
Oil & Gas
On the basis of capacity, Air/Pneumatic Balancers market has been segmented as follows:
Light duty Air/Pneumatic balancers
Moderate duty Air/Pneumatic balancers
Heavy-duty Air/Pneumatic balancers
On the basis of application, Air/Pneumatic Balancers market has been segmented as follows:
With BC2 control
With MS-A control
With MS control
Full automatic control
With ATC control
On the basis of geographic regions, Air/Pneumatic Balancers market is segmented as
South Asia and Oceania
Middle East & Africa
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US Automotive Air/pneumatic Balancers Industry Set to Recover in 2022
In 2019, US Automotive Air/pneumatic Balancers sales were to the tune of 17.1 million. The outbreak of COVID-19 in early 2020, and subsequent shutdown created apprehensions that 2020 may be the worst year for US auto industry since Great Depression.
However, Automotive Air/pneumatic Balancers sales climbed back slowly in US, partly helped by a quick shift to online sales. Many US automakers are now investing highly in online sales channel, with 2021 expected to witness high online sales.
As per early success of vaccine inoculation and consumer receptivity toward online sales, it is highly likely that 2021 will be a better year for sales. Total Automotive Air/pneumatic Balancers sales in US are likely to be in the range of 15.5 million to 16 million.
Europe Automotive Air/pneumatic Balancers Market Players Can Benefit from Foreign Exports
The Europe automobile market is also likely to witness a recovery in 2021. The European Automobile Manufacturers' Association is hoping for a 10% increase in sales.
As is the case in US, European auto industry is hoping that vaccine inoculation brings the pandemic under control. Many countries in Europe have witnessed severe waves of COVID-19 pandemic, and are now in recovery phase.
While the domestic Automotive Air/pneumatic Balancers demand is likely to recover at a steady pace in Europe, exports to China, Latin America, and Asia Pacific are likely to induce momentum for European auto companies.
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The Air/pneumatic Balancers Market report will improve the revenue impact of businesses in various industries by:
Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Air/pneumatic Balancers Market
Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Air/pneumatic Balancers Market and offers solutions
Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
Helping leading companies make strategy recalibrations ahead of their competitors and peers
Offers insights into promising synergies for top players aiming to retain their leadership position in the Air/pneumatic Balancers Market.
Indian Automotive Air/pneumatic Balancers Outlook Subdued by COVID-19 Resurgence
The Indian automobile industry is beset with challenges arising due to a nation-wide second wave of COVID-19 epidemic. Things were looking up for the Indian automobile industry, however, lockdown measure to contain a more virulent COVID-19 can dent overall sales in 2021.
The localized restrictions imposed by governments can have an impact on dealership activity, logistics, and in-showroom consumer visits. Also, it is anticipated that India may have to brace up for further waves of COVID-19, which can dent consumer sentiment.
Key Long-term Trends
Overall, the Automotive Air/pneumatic Balancers industry is looking for a recovery year in 2021. While China is anticipated to take the lead, healthy recovery in US and Europe markets will create necessary impetus. Amidst the recovery phase, there will be some mega trends and some subtle trends that will have a bearing on Automotive Air/pneumatic Balancers market in the long run. These include,
Automotive Air/pneumatic Balancers digital retail
Automotive Air/pneumatic Balancers digital retail will make further inroads in 2021. As localized restrictions and consumer discretion increase due to COVID-19, more consumers are opening up to the idea of online automobile purchase. This trend is likely to become stronger in 2021, especially in US and Western Europe
Further gains in connected and autonomous cars
Connected and autonomous cars may have lost some of their momentum in 2020, but their long-term forecast remains bullish. Automakers are increasingly aware of the white space Silicon Valley giants are eyeing. In the long run, an increase in proprietary software of partnership with tech companies will be in the offing.
Electric vehicle sales will continue unabated
The sales of electric vehicles have grown from strength to strength, dispelling the skepticism and early apprehensions. The focus now is on developing a scalable production model and enough charging stations so consumers are confident of investing in the technology of tomorrow.
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