Global pneumatic cylinder market was valued at US$ 1,227.75 Million in 2021 and is expected to surpass US$ 1,933.2 Million by 2030, registering a CAGR of 5.3% during the forecast period (2022-2030), according to the Global Pneumatic Cylinder Market Report, by Function (Substrate and Inks), by Cylinder (Cylinders with piston rods, Rod less cylinders, Diaphragm cylinders, Rotary cylinders), by Movement (Linear Movement, Rotary Movement), by Application (Industrial, Robotics, Automobile, Aviation, Healthcare, Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), published by Coherent Market Insights.
Increasing adoption for robotics in various industries such as automotive, electrical and electronics, mechanical, chemicals, food and beverages, and pharmaceuticals is one of the key factors for growth of the pneumatic cylinder market. Double-acting pneumatic cylinder is one of the major components of robots, using pneumatics cylinders as a main motion power source. Factors such as increased efficiency, reduction in human errors, requirement for clean and contamination free production area, efficient process management, appropriate usage of raw materials enables reduction in wastage, depletion in production time leading to rise in production levels are some of the key factors supporting high demand for robots in industry areas. For instance, according to International Federation of Robotics, in China, 68,556 multipurpose industrial robots were shipped in 2016, and projected to reach 160,000 units by 2019. Hence, this increasing demand for multipurpose industrial robots directly increases growth of the pneumatic cylinder market, globally.
The growing construction industry, in turn increases demand for earth-moving equipment, which will boost growth of the market. For instance, according to the Chartered Institute of Building, the global construction industry accounted to US$ 8 trillion in 2015, and is projected to reach US$ 17.5 trillion in 2030, accounting 14.7% of the global GDP. Increasing urban population increases demand for earth moving equipment globally, which boosts the market growth. According to the Population Reference Bureau, in 2017 the world population was 7,536 million out of which 54% (about 4069 million) of the population lives in urban areas. Moreover, according to the Population Reference Bureau, 78% of the developed countries’ population lives in urban areas, while 49% population of emerging countries lives in urban areas. Hence, this increasing demand for earth-moving equipment directly accelerates the growth of the pneumatic cylinder market.
Global Pneumatic Cylinder Market- Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 pandemic has impacted the manufacturing, automobile, oil and gas and other sectors severely not just because of market changes but also because of the lockdowns imposed by the government bodies in different countries. The global pneumatic cylinder market witnessed very slow growth during the pandemic as many projects in the automotive and robotics sectors were halted either due to the retrieval of money from projects due to the financial crisis faced by the companies or unavailability of manpower to complete the commissioning of projects due to lockdown.
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