Global Sales in Pneumatic Cylinder Market to Increase at Steady CAGR of 4.4% During 2019 - 2027, Automation through Industry 4.0 to Endow Large Growth Prospect, Notes TMR

ALBANY, New York, June 18, 2020 /PRNewswire/ -- Pneumatic cylinder manufacturers have seen opportunities broadening by strides being made in robotics and industrial automation world over. This precisely has been also a key accelerator for new revenues in various end-use industries such as construction, manufacturing, aerospace, and automotive.

The global pneumatic cylinder market is expected to clock CAGR of 4.4% from 2019 to 2027, and reach worth of nearly US$ 1,500 Mn by 2027-end. During the forecast period of 2019 to 2027, Asia Pacific is expected to contribute a sizable share to the global pneumatic cylinder market. Aerospace and defense will expand the horizon for players in the pneumatic cylinder market.

Manufacturers' efforts to generate cost-effective as well as high-end products will be bellwether for growth in pneumatic cylinder market, particularly pushed by adoption of industrial internet of things (IIoT), affirm analysts at Transparency Market Research.

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Key Findings of Pneumatic Cylinder Market Report

• Among the various types, double-acting cylinder led the market with more than 78% in 2018
• Of the various movement segments in global pneumatic cylinder market, linear movement types are the most common type; the segment expected to hold leading market share throughout the forecast period
• Of all regions, Asia Pacific expected to rise at substantially attractive growth rate through 2027
• China, Australia, and Japan account for a large revenue share of the above regional market
• Europe expected to hold sizable share in global pneumatic cylinder market

Explore 224 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Pneumatic Cylinder Market (Type: Single-acting Cylinder and Double-acting Cylinder; Movement: Linear and Rotary; and End-use Industry: Construction, Manufacturing, Robotics, Automotive, Aerospace, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/pneumatic-cylinder-market.html

Pneumatic Cylinder Market: Key Driving Factors and Promising Avenues

• Need for high-end automation and rise in demand for robotics in manufacturing and automotive are expected to spur adoption of optical satellite communication technologies, thereby driving the market.
• Strides in Industry 4.0 technologies in the manufacturing sector are bolstering prospects in the pneumatic cylinder market.
• Integration of pneumatic cylinders is expected to broaden the performance, such as real-time recording and transmission of information.
• Extensive uptake of high-performing actuators technology has bolstered the demand for pneumatic cylinders in various end-use industries.
• Strides in automobile manufacturing in developed economies are boosting the pneumatic cylinders market.
• Manufactures are striving for making pneumatic cylinders energy-efficient. This has gained traction in industrialized nations as such automation are expected to reduce the carbon footprints, thus fueling the prospects in the pneumatic cylinder market.

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Pneumatic Cylinder Market: Competitive Dynamics

Diversification of products is one of the key winning imperative for stakeholders, including manufacturers, in the pneumatic cylinder market. China and India remain as key manufacturing hubs for pneumatic cylinders, despite high labor costs.

In recent years, several players have been actively engaging in mergers and acquisitions. In addition to this, relentless efforts of product development by top players.

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Global Pneumatic Cylinder Market: Regional Landscape

The demand for pneumatic cylinders in North America and Europe has largely matured. The Middle East and Africa and Asia Pacific countries are expected to be rapidly emerging markets with incredible opportunities. Strides in industrial automation in the regions have spurred the demand for smart pneumatic cylinders in various industries. Focus of governments to support Industry 4.0 in manufacturing will cement the revenue potential of these regional markets.

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The global Pneumatic Cylinder market can be segmented as follows:

By Type

• Single-acting Cylinder
• Double-acting Cylinder

By Movement

• Linear
• Rotary

By End-use Industry

• Construction
• Manufacturing
• Robotics
• Automotive
• Aerospace
• Others

By Geography

• North America
• U.S.
• Canada
• Rest of North America
• Europe
• Germany
• U.K.
• France
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Australia
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• GCC
• South Africa
• Rest of MEA
• South America
• Brazil
• Rest of South America

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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