The pneumatic cylinder market is highly dependent on industrial automation and robotics for operations. Cylinders help power automation across various industries like packaging, semiconductor and electronics manufacturing, food and beverage, metal forming, and many more. Their advantages of being inexpensive, lightweight, clean, and provide ample force transmission makes them suitable for automation equipment.
The pneumatic cylinder market involves a variety pneumatic cylinders and accessories that Pneumatic Cylinder Market is Primed for Growth Driven by Industrial Automation
help power the motion of machines and automation equipment through compressed air or gas. Cylinders come in multiple sizes and styles for varied applications. Their self-contained and clean operation along with inherent safety from non-sparking mechanisms have increased their usage in hazardous and sensitive manufacturing environments. The industrial growth in developing nations and adoption of automation across sectors has propelled the demand for cylinders.
The Global pneumatic cylinder market is estimated to be valued at US$ 1,568.27 million in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Pneumatic Cylinder Market Size include Sinopec Corporations, LyondellBasell Industries Holdings N.V., ExxonMobil Chemicals, and Petrochina Company Limited. These major players account for over 35% of the global market share.
Growing preference for automation across manufacturing industries to improve productivity and minimize production costs has augmented the demand for pneumatic cylinders significantly. The rising demand from the packaging industry for food and beverages is a major factor bolstering market growth.
The pneumatic cylinder market is witnessing increased expansion in the Asia Pacific region with growing industrial, semiconductor and automotive production in countries like China, India, and South Korea. Many cylinder manufacturers are setting up new production plants in these nations to leverage low labor costs and cater to rising regional demand.
Market Drivers
One of the key drivers for the pneumatic cylinder market is the rapid pace of industrialization and adoption of automation solutions across manufacturing industries globally. Industries are increasingly automating repetitive and unsafe manual processes to improve productivity and minimize production costs. This rising industrial automation drives significant demand for low cost and reliable pneumatic cylinders used extensively in industrial machinery and robotics.
Impact of geopolitical situation on Pneumatic Cylinder Market growth
The current geopolitical dynamics across different parts of the world is impacting the growth of the pneumatic cylinder market. Regions like Europe and Asia Pacific which are hubs of manufacturing activities have witnessed higher adoption of pneumatic cylinders. However, the ongoing Russia-Ukraine conflict is disrupting global supply chains and inflating energy costs. This is challenging the cost efficiencies and production outputs for industries relying on pneumatic cylinders. With restrictions on Russian exports and sanctions on Belarus, the supply of raw materials like aluminum and steel required for pneumatic cylinder manufacturing has been constrained. This is negatively impacting the upcoming projects and expansion plans of pneumatic cylinder producers in 2022 and 2023. Looking ahead, manufacturers must focus on diversifying their supplier networks, localizing production where possible and establishing strategic partnerships to ensure stable supply even during geopolitical tensions. Investing in renewable energy can also help insulate their operations from volatility in energy costs.
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