Press release
With a CAGR of 5.8% Pneumatic Cylinder Market 2030: All You Need to Know About
Pneumatic Cylinder Market
Rise in demand from the manufacturing sector, surge in requirement in the automobile & aerospace industry, and increase in construction activities drive the growth of the global pneumatic cylinder market. However, their less pressure handling capacity than hydraulic cylinders restrains the market to some extent. On the other hand, increase in automation and advancements in space technology present new opportunities in the coming years.
According to the report, the global pneumatic cylinder industry generated $13.37 billion in 2020, and is anticipated to generate $23.85 billion by 2030, witnessing a CAGR of 5.8% from 2021 to 2030.
Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/12912
The linear segment to maintain its leadership status throughout the forecast period
Based on motion, the linear segment held the highest market share in 2020, accounting more than half of the global pneumatic cylinder market, and is estimated to maintain its leadership status throughout the forecast period, owing to product offerings in response to new industry demands. Moreover, the same segment is projected to manifest the highest CAGR of 6.0% from 2021 to 2030, while the rotary segment is registered to manifest the highest CAGR of 5.5% from 2021 to 2030.
The oil & gas segment to maintain its lead position during the forecast period
Based on end use industry, the oil & gas segment accounted for the largest share in 2020, contributing to nearly one-fourth of the global pneumatic cylinder market, and is projected to maintain its lead position during the forecast period, owing to rise in population and industrialization. Moreover, the automotive segment is expected to portray the largest CAGR of 9.2% from 2021 to 2030. This is attributed to the demand for economical and efficient automobile manufacturing which has significantly increased the use of robotic automation in automobile manufacturing.
Request for Customization: https://www.alliedmarketresearch.com/request-for-customization/12912
North America to maintain its dominance by 2030
Based on region, North America held the highest market share in terms of revenue 2020, accounting for more than one-third of the global pneumatic cylinder market. This is attributed to large oil and gas industries which has fueled the demand for pneumatic cylinders in U.S. and Canada. Moreover, Asia-Pacific region is expected to witness the fastest CAGR of 7.0% during the forecast period, owing to its large population and low-cost manufacturing sector.
Covid-19 scenario
Due to the outbreak of the COVID-19 pandemic, production of many items in the pneumatic cylinder business were halted, which in turn, hampered the growth of the global pneumatic cylinder market.
Nevertheless, the global situation is getting better and the pneumatic cylinder market is expected to recover by the start of 2022.
Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/12912
Leading Market Players:-
Airtac International Group
Camozzi Group S.P.A.
DL Pneumatics
Emerson Electric Co.
Festo SE & Co. KG
ABB Ltd.
Honeywell International INC.
Parker Hannifin Corporation
Eaton Corporation PLC
Rotex Automation.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact Us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release With a CAGR of 5.8% Pneumatic Cylinder Market 2030: All You Need to Know About here
News-ID: 3510572 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Pneumatic
Pneumatic And Semi-Pneumatic Wheels Market Size by Type, Application, and Region …
USA, New Jersey- According to Market Research Intellect, the global Pneumatic And Semi-Pneumatic Wheels market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
Because they are used so extensively in sectors including automotive, material handling, construction, and agriculture, the pneumatic and semi-pneumatic wheel markets are seeing…
Pneumatic Chisel Hammers Market Size, Share and Forecast By Key Players-Bosch, N …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Pneumatic Chisel Hammers market is anticipated to grow at a compound annual growth rate (CAGR) of 7.77% between 2024 and 2031. The market is expected to grow to USD 23.07 Billion by 2024. The valuation is expected to reach USD 38.95 Billion by 2031.
Because pneumatic chisel hammers are so widely used in the metalworking, automotive, and construction industries, the market for…
Pneumatic Conveying System
Altomech is a renowned company that specializes in the design and manufacturing of advanced pneumatic conveying systems. Pneumatic conveying systems are vital in various industries for the efficient and dust-free transfer of bulk materials like powders, granules, and other particulate matter. Altomech has gained recognition for its innovative solutions and cutting-edge technology, making it a trusted partner for industries ranging from food and pharmaceuticals to chemicals and plastics.
Key Features and…
Pneumatic Comfort Takes the Wheel : Unveiling the Automotive Pneumatic Comfort S …
According to a recent report published by Allied Market Research, titled, "Automotive Pneumatic Comfort Seat System Market by Vehicle Type, Propulsion Type, and Function: Global Opportunity Analysis and Industry Forecast, 2020-2030," The global automotive pneumatic comfort seat system market was valued at $1.11 billion in 2020, and is projected to reach $2.03 billion by 2030, registering a CAGR of 6.5%.
North America dominates the market in terms of revenue, followed by…
Pneumatic Tourniquet
The global Pneumatic Tourniquet market is estimated to attain a valuation of US$ 1 Bn by the end of 2032, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 8% during the forecast period, 2022-2032.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of…
Fact.MR Pneumatic Equipment Market Segmented By Product Type - pneumatic valves, …
Expanding Horizons in Healthcare and Food Sectors
Pneumatic equipment market has been gaining significant traction because of its utilization in nearly every field and broad application in the end-user industries. The use of pressurized gas for motion is called pneumatics, and upon compressing atmospheric air, there are equipment that can efficiently maintain a sustainable supply. The equipment that carry out such mechanisms to obtain movement are pneumatic equipment. Various pneumatic equipment…
