Market Trends of Pneumatic Equipment Industry
Industrial End-user Segment to Hold Major Market Share
- Pneumatic systems are pivotal in automated manufacturing, powering robotic arms, grippers, and actuators. These systems ensure precise and swift movement of components along assembly lines. Pneumatic actuators, in particular, enhance productivity in manufacturing operations by providing force and control for robotic applications.
- The global rise in the manufacturing sector, driven by factors like technological advancements, infrastructure development, and skilled labor, is expected to fuel the pneumatic equipment market. China, for instance, witnessed a notable boost in its manufacturing sector, with a 4.6% increase in industrial production in 2023, as reported by the National Bureau of Statistics.
- As automation gains traction across industries, the adoption of pneumatic equipment in factory settings is poised to surge. Projections from the International Federation of Robotics (IFR) indicate that the global number of operational industrial robots will surpass 518,000 by 2024.
- The robust growth of the industrial robot market is a significant driver for the pneumatic equipment sector. In 2020 alone, over 384,000 units of industrial robots were shipped worldwide, with Australia/Asia leading the pack at an estimated 266,000 installations. By 2024, this region is expected to rise further to 370,000 installations.
- Pneumatic equipment, such as air-powered conveyors and vacuum systems, is vital in material transfer within manufacturing facilities. Pneumatic conveyors handle bulk materials, while vacuum systems are ideal for lifting delicate or irregularly shaped objects without causing damage.
- Air compressors are the backbone of pneumatic systems, generating the compressed air needed to power pneumatic equipment and machinery. Additionally, pneumatic dryers play a crucial role in maintaining the reliability and performance of these systems by removing moisture and contaminants from the compressed air. Pneumatic equipment finds applications in safety systems within manufacturing facilities, including pneumatic safety valves and emergency stop systems.
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Asia-Pacific to Register Major Growth
- China's dominance in the global manufacturing landscape is propelling the demand for pneumatic equipment. As Chinese manufacturing firms increasingly adopt Industry 4.0 solutions, they are bolstering their operations, driving the market's upward trajectory.
- China's healthcare and life sciences (HLS) sector has witnessed remarkable growth in recent years, which has been marked by robust investments, rapid innovation, and expanding businesses. Backed by supportive government policies and ample capital resources, China is striving to emerge as a leading force in global pharmaceutical innovation.
- The Japanese food and beverage processing and packaging industry is poised for growth, driven by factors like a rising urban population and evolving food consumption patterns. Notably, the Global Organic Trade Guide highlights that the consumption of packaged organic food in Japan is set to rise from USD 401.4 million in 2018 to an estimated USD 427.1 million by 2025.
- Additionally, the retail sales value of health and wellness beverages and packaged food is projected to hit USD 57.3 billion by 2025. These trends are fueling investments in food processing and packaging plants in Japan, which, in turn, will drive the demand for pneumatic equipment in this sector.
- The Indian food and beverage processing and packaging sector has witnessed significant growth, driven by factors like urbanization, shifting demographics, and a thriving retail landscape. This surge in demand has spurred food and beverage companies to ramp up production. They are leveraging the expanding middle-class consumer base, introducing new products, and diversifying their offerings.
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