Pneumatic cylinders are mechanical devices that convert compressed air into linear mechanical motion. They are largely used in industrial automation processes, as the compressed air provides a clean and cost-effective source of linear motion. Pneumatic cylinders are commonly used in industrial robots, packaging machinery, construction machinery, transportation equipment and other automated systems. They offer benefits such as easy installation, low maintenance, clean operation and good force transmission. The growing emphasis on automation across industries has significantly driven the demand for pneumatic cylinders in recent years.

The global pneumatic cylinder market is estimated to be valued at US$ 1361.34 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:
Wide applications of pneumatic cylinders across a variety of end-use industries present significant growth potential for the market. The use of pneumatic cylinders allows automation of production processes in different industries such as food & beverage, packaging, construction, semiconductor and many others. This has significantly increased the demand for pneumatic cylinders. Moreover, the ongoing trend of Industry 4.0 and rising emphasis on production efficiency and quality is further expected to drive the need for automation technologies including pneumatic cylinders. As automated systems equipped with pneumatic cylinders facilitate mass production and aid in reducing labor costs, their demand is estimated to rise substantially over the coming years. This wide scope of applications across different industries would provide considerable opportunities for players in the pneumatic cylinder market.

Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate because the pneumatic cylinder market requires high initial investments in R&D, manufacturing facilities, and distribution channels. However, the market is growing steadily with new application areas emerging which can encourage new players to enter.

Bargaining power of buyers: The bargaining power of buyers is high due to the availability of substitutes and undifferentiated products. Buyers can easily switch to substitute actuators like electric or hydraulic cylinders based on their price sensitivity and specific application needs.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are multiple component manufacturers for cylinders, seals, valves, and other parts. However, suppliers hold some power due to their technical know-how and certification requirements.

Threat of new substitutes: The threat of substitutes like electric and hydraulic cylinders is high, especially for low pressure and precision applications. Electric cylinders provide accurate positioning without noise or air supply.

Competitive rivalry: The competitive rivalry is high among established cylinder manufacturers. Players compete based on product quality, reliability, pricing and service.

SWOT Analysis
Strengths: Pneumatic cylinders offer versatility, cost-effectiveness, and simplicity of design for various industrial applications. They can generate high forces with low air pressure.

Weaknesses: Pneumatic cylinders require an external air supply and have low accuracy in positioning compared to electric cylinders. Failure of air supply causes cylinder motion to cease.

Opportunities: Emerging applications in food & beverage packaging, plastic injection molding, woodworking etc. Growing automation and industrialization in developing regions boosts market prospects.

Threats: Substitute technologies like electric cylinders for precise motion control applications. Trade barriers and regulations regarding imports/exports affect key players.

Key Takeaways
The Global Pneumatic Cylinder Market Size is expected to witness high growth during the forecast period of 2023-2030 on account of rising industrial automation. The global pneumatic cylinder market is estimated to be valued at US$ 1361.34 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030.

The Asia Pacific region dominates the market with the highest share due to strong growth in industrial sectors across China, India, Japan and other countries. Government initiatives to promote domestic manufacturing also support the regional market.

Key players operating in the pneumatic cylinder market are Eli Lilly and Company, Sanofi S.A., Cadila Healthcare Limited, Cipla Limited, Castle Biosciences, Regeneron Pharmaceuticals, Inc., Merck & Co., Inc., Vidac Pharma, LEO Pharma A/S, Regeneron Pharmaceuticals, Inc., Merck Sharp & Dohme, and Amgen Inc.

 

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