Pneumatic Tools Market Research Insights, Trends Forecast 2022-28

According to Precision Business Insights (PBI) latest report, the pneumatic tools market is expected to be worth USD 847.6 million in 2022, growing at an 6.8% CAGR from 2022 to 2028. The need for pneumatic tools continues to rise as the number of manufacturing, vehicle production, and building activities rises. Compressed air powers pneumatic tools, which are extremely important in manufacturing, automotive, and construction in both developed and developing countries. Because it requires less maintenance, which drives the pneumatic tools market, in addition, pneumatic equipment, such as pneumatic actuators, is commonly employed in medical applications such as surgery and MRI. Pneumatic tube systems are also widely utilized in hospitals to carry drugs, prescriptions, patient notes, and other items, boosting the demand for pneumatic equipment.

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Pneumatic valves Segment Dominates the Pneumatic Tools Market.
The pneumatic valves segment is expected to account for a larger revenue share in the global pneumatic tools market with value share in the global market and is projected to grow at 6.5% CAGR over 2022 and 2028. In the machine-building business, pneumatic valves and adhering to machine safety rules are proven to be a winning strategy. The globalization of the machining marketplace, as well as the desire to sell in many locations, has sparked interest in this part, indicating that pneumatic technology will be employed more frequently. Overall, combining safety technologies and pneumatic valves improves system reliability, extends operation life, and complies with safety rules.

Asia Pacific Leads Pneumatic Tools Market
Asia Pacific expected to hold the xx% market share in the global pneumatic tools market in the forecast period, and it is projected to grow at a CAGR of 7.1% in the coming years. The manufacturing sector in developing economies such as China and India have grown at a rapid pace, accounting for a significant increase in growth. As a result of its penetration in the modern industrial industry, the pneumatic tools market has a favorable impact. The market for pneumatic equipment in the region is being driven by a focus on energy efficiency and rising automation penetration. The manufacturing sector in China and India is expanding rapidly throughout the area. For enhanced efficiency and output, businesses have turned toward automation mixed with pneumatic equipment. The manufacturing industry has also benefited from the low cost of labor and new labor rules, which has created a large market for pneumatic equipment in the region.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
The global pneumatic tools market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region.

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The pneumatic tools market is segmented based on types, application, end-user, and geography.
Based on the types, the market is segmented into the following:
• Pneumatic Wrenches
• Pneumatic Valves
• Pneumatic Sanders
• Pneumatic Hammers
• Pneumatic Drills
• Pneumatic Polishers
• Pneumatic Grinders
• Other Pneumatic Tools

Based on the application, the market is segmented into the following:
• Industrial
• Residential
• Others

Based on the end-use, the market is segmented into the following:
• Automobile
• Textile
• Defense
• Mining
• Chemicals
• Manufacturing
• Mining
• Construction
• Electronics
• Telecommunications

Based on geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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Key players' profiles in the pneumatic tools market report are AVENTICS, Festo, Parker Hannifin, Ross Controls, SMC, Butech, Camozzi, Clippard, Emerson ASCO, Janatics, Mindman, and Siemens.

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