PUBLISHER: Allied Market Research | PRODUCT CODE: 1472360
PUBLISHER: Allied Market Research | PRODUCT CODE: 1472360
The global pneumatic tools market size was valued at $10,199.7 million in 2022 and is projected to reach $24,338.5 million by 2032, registering a CAGR of 9.4% from 2023 to 2032.
Pneumatic tools, referred to as air tools, run on compressed air and are widely utilized in industrial, construction, and automotive applications. These tools have various benefits, including a high power-to-weight ratio, dependability, and longevity. Pneumatic tools are popular owing to their capacity to offer steady power output, making them ideal for heavy-duty applications. Pneumatic nail guns are used to nail quickly and efficiently in construction and carpentry applications. They come in a variety of forms, including framing nailers, finishing nailers, and roofing nailers, each tailored for a specific use.
Moreover, users must verify that the air compressor produces enough air pressure and volume to support the pneumatic tool being used. Pneumatic drills are used to drill holes in a variety of materials, such as wood, metal, and concrete. Pneumatic tools come in a variety of sizes and combinations to meet varied drilling needs. Pneumatic impact wrenches are ideal for tightening and loosening nuts and bolts in automotive and industrial settings. They have a high torque output and are typically used for operations that demand a lot of power, including changing tires or building large machines.
Pneumatic tools are often utilized in the automobile, industrial, and construction sectors. Furthermore, pneumatic tools are gaining popularity among DIYers. Pneumatic tools can operate for hours and have a longer useful life than electric equipment. They cannot overheat since they do not have a motor. They do not require any extra care.
Furthermore, emerging countries are boosting construction and manufacturing to stimulate growth, which is propelling the pneumatic tools market. The construction industry's fast expansion is a major factor driving worldwide market growth. Construction workers have the ability to use corded and cordless equipment for a variety of jobs. In addition to corded equipment, cordless tools are more commonly used in the construction industry. Small and medium-sized manufacturing companies typically use these tools in a variety of production connections to give customers with the flexibility and capabilities of efficient solutions, and also to continue producing efficient goods in order to grow market share.
Air consumption for pneumatic power tools is measured in cubic feet per minute (CFM), and pressure is measured in pounds per square inch (PSI). A pneumatic tool can function constantly as long as the associated air compressor can produce the necessary volume and pressure without interruption. Air compressors will typically be branded with their capacity in gallons and their output in CFM at different pressures. Pressure-powered tools are substantially more powerful and efficient than manually driven ones. When compared to electrical power tools, these tools are significantly safer and less expensive to run and maintain. For Instance, in March 2022, Chicago Pneumatic (CP) developed a new 1/2-in. cordless impact wrench, the CP8854 series, which is the lightest and most compact tool in its class. The CP8854 provides unparalleled performance. Tire changing professionals and OEMs can benefit from the power of a pneumatic tool in a more lightweight and maneuverable cordless form, weighing at least 25% less and measuring at least 11% smaller than competing products. Furthermore, it offers a higher power-to-weight ratio, allowing lighter, smaller instruments to do equivalent tasks. In addition to compressed air, these tools may be driven by compressed CO2. It can be readily transported since the pressure may be held in small chambers.
By type, the rotary tools segment had the largest revenue in 2022. Pneumatic tools are used in many industries for hammering, hole drilling, paint removal, fastening, metal cutting, nailing, surface sanding, surface finishing, and material removal. Thus, they are widely used in the automotive, aviation, food, construction, engineering, furniture, and mining sectors. However, each tool is developed with a certain sector or function in mind, therefore each of these instruments stands out uniquely in different industries. Pneumatic tools are tools that use compressed air to operate. These tools are not only easier to use but they are also less expensive than electrically driven equipment. They operate on the assumption that the amount of air passing through a tube or a gap varies linearly proportional to the size of the gap.
Technological developments in pneumatic tool design, materials, and control systems assist to increase performance and dependability, strengthening their market position. The construction sector, a major user of pneumatic equipment, benefits from their usage in drilling, nailing, and fastening operations.
Environmental issues also influence the continued usage of pneumatic tools. Their substantially reduced emissions during operation compared to various alternatives are consistent with rising environmental standards. Rising building activity globally, particularly in emerging economies, contributes to the increased usage of pneumatic equipment. The real estate industry has witnessed rapid growth over the last few decades and is expected to exhibit moderate growth in future. In addition, rise in residential and commercial construction, is expected to drive the growth of the pneumatic tool market. For instance, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, in February 2021, 1,769,000 housing units went under construction, which is a 6.8% increase from the revised January estimate of 1,657,000 housing units. In addition, the real estate sector in India saw a huge rise, despite the impact of COVID-19. As the studies showed, home sales rose 71% year-on-year, with 237,000 units sold in 2021, which is 90% as compared to pre-COVID 2019 levels. Mumbai Metropolitan Region sold 76,400 units, followed by the National Capital Region (NCR), which sold 40,050 units. As these markets industrialize and engage in infrastructure projects, the demand for pneumatic tools is likely to increase.
The pneumatic tools market is segmented on the basis of by type, by application, by end-use, and region. By type, the market is categorized into rotary tools, percussion tools, continuous flow tools, and others. Depending on application, it is divided into commercial, residential, and others. By end use, the market is segregated into Manufacturing Industry, Automotive industry, Construction Industry, and Others. and Region wise, the market is analyzed across North America, Europe, Asia-Pacific, LA, and MEA.
Competition Analysis
Key companies profiled in the pneumatic tools market include Atlas Copco, Stanley Black & Decker, Inc., Makita Corporation, Milwaukee Electric Tool Corporation, Chicago Pneumatic Tool Company, ATS ELGI Limited, Pace Assembly Tools, RalliWolf Industries Ltd., Torc Star Bolting Tools, and Texas Pneumatic Tools, Inc.
Additional benefits you will get with this purchase are:
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)