Pneumatic Components Market size was valued at USD 14.4 billion in 2024 and is anticipated to surpass USD 26.7 billion by 2037, registering a CAGR of 5.3% during the forecast timeline i.e. 2025-2037. In 2025, the industry size of pneumatic components is assessed at USD 15.1 billion.
The pneumatic components market is growing significantly as the global trading of pneumatic components is expanding. As manufacturers increasingly source components from international suppliers to leverage cost advantages and access advanced technologies, this interconnectedness fosters broadening market reach. In 2022, according to the Observatory of Economic Complexity, hydraulic and pneumatic automatic controls ranked as the world's 128th most traded product. The exports between 2021 and 2022 increased by 9.46%, from USD 2.3 billion to USD 2.51 billion with top exporters such as Germany with USD 1.28 billion, France with USD 296 million, the U.S. with USD 146 million. The top importers were the U.S. with USD 196 million and Germany with USD 145 million.
In addition, the expansion of manufacturing and industrial infrastructure propels the market growth. China experienced a noticeable surge in its manufacturing sector with industrial production which rose by 4.6% in 2023, according to the data released by the National Bureau of Statistics. Further, enhancements in pneumatic technology are improving system capabilities and reliability, in turn stimulating demand. These dynamics, combined with a growth in emphasis on sustainability practices by favoring energy-efficient solutions, position the pneumatic components market for robust growth in an increasingly competitive global landscape.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
5.3% |
Base Year Market Size (2024) |
USD 14.4 billion |
Forecast Year Market Size (2037) |
USD 26.7 billion |
Regional Scope |
|
Application (Machinery, Electronics, Chemical Industry, Others)
By 2037, machinery segment is expected to capture over 68.1% pneumatic components market share. Wide utilization of pneumatic systems across various industrial applications increases demand. This supremacy can be accredited to the effectiveness and accuracy brought by pneumatic parts towards the machinery that can have fast and dependable operations. For instance, in April 2024, Bosch Rexroth declared SMC Deutschland as the first in the line of pneumatic suppliers that boosts its ctrlX World partner network. This allows the integrators and machine builders to attain the ability to link actuators and sensors for use cases in pneumatic through EtherCAT and IO-Link into its automation systems using ctrlX. Therefore, optimizing production, its usage, and dependency in machinery segments for pneumatic systems is set to rise.
Type (Air Treatment Components, Pneumatic Valves, Pneumatic Cylinders)
Based on type, the pneumatic valves segment is expected to garner the major share in the pneumatic components market by the end of 2037. Owing to its controlling flow and direction within a compressed air pneumatic system it is preferred in the market. It ensures the precise working of actuators hence, they are in high demand across the world mainly in various manufacturing industries such as automobiles and packaging. According to the statistics of the Observatory of Economic Complexity, valves for pneumatic transmissions were the world's 276th most traded product in 2022 with exports rising by 0.85% from USD 13.3 billion to USD 13.5 billion. In addition, the top exporters were Germany with USD 3.58 billion, and the U.S. with USD 1.58 billion. The U.S. and Germany were among the top importers with USD 1.83 billion, and USD 1.48 billion worth of imports, respectively.
Our in-depth analysis of the global pneumatic components market includes the following segments:
Application |
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Type |
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North America Market Statistics
By 2037, North America pneumatic components market is likely to dominate over 47.9% share. Smart pneumatics are becoming increasingly popular in the region because they require less maintenance. They last longer and offer higher performance than other forms of pneumatics. In addition, smart pneumatic valves and smart pneumatic actuators are among the popular forms of smart pneumatics which is driving market demand. This trend is beneficial for the overall dependability of operations.
The U.S. pneumatic components market is growing exponentially owing to the growing demand in the automotive industry. It focuses on improving the efficiency of the production lines and reduces energy consumption. For instance, in October 2022, Parker Hannifin launched the Bestobell high-performance cryogenic valve line. These valves are used in applications for the handling, storage, and treatment of ultra-low temperature liquefied gases. Hence, such upgrades and changes in components help the market to thrive.
Canada pneumatic components market is likely to witness substantial growth during the forecast period. This growth is attributable to the innovations and developments in pneumatic components. For instance, in October 2021, AERZEN's energy-efficient composite control system opened up new areas of application. It offers new features and a better visualization of the composite operation of different compressed air assemblies.
Europe Market Analysis
The pneumatic components market in Europe is gaining traction and is expected to witness lucrative growth during the forecast timeline. The adoption of Industry 4.0 technologies has increased over time, and so is the demand for automation in several industries. In addition, the government also encourages manufacturers through their initiatives, plans, new legislations, and compulsions to develop smart manufacturing technologies to implement the same.
Germany pneumatic components market is experiencing robust growth due to the strategic moves that key players within the country are making. These moves aim to enhance operability and efficiency for their products to remain highly competitive in the promptly changing ecosystem to meet the growing needs. For instance, in January 2023, Festo launched its ambitious global pneumatic essentials initiative. It strives to streamline ordering, ensure immediate shipping of pneumatic parts that will be available in stock, and design less cumbersome parts for machines.
Smart pneumatics systems are increasingly being adopted in the U.K. due to increased awareness of predictive maintenance. For instance, in September 2024, Camozzi Automation enhances its Air Treatment range. The new Pressure Booster Series BPA, with a 2:1 pressure ratio, increases outlet pressure up to 20 bar. It works automatically when needed to generate a constant pressure increase with its mechanical design guaranteeing quick and easy mounting, owing to its small size and light weight.
Market players in the pneumatic components market are engaged in several strategic moves to increase their global presence. Significant market activities such as new product launches at low cost and enhanced features assist companies in sustaining the dynamic environment of the market. For instance, in May 2022, Emerson declared that its AVENTICS series advanced valve (AV) valve system with advanced electronic system (AES) Profinet and Ethernet/IP is now available with preinstalled Open Platform Communications Unified Architecture (OPC UA) functionality. The AES can help users solve interoperability challenges and access data more easily while the integration of the digital twin can improve productivity and efficiency.
Here's the list of some key players:
Author Credits: Dhruv Bhatia
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