What is Global Automotive Pneumatic Equipment Market?
The Global Automotive Pneumatic Equipment Market is a vast and dynamic sector that plays a crucial role in the automotive industry. This market encompasses a wide range of equipment that utilizes the power of compressed air or gas to perform various functions in vehicles. These pneumatic tools and devices are integral to the operation, maintenance, and repair of automobiles worldwide. The market includes everything from air compressors and pneumatic tires to air brakes and suspension systems. The global reach of this market is extensive, with demand driven by the ever-growing automotive industry, technological advancements, and the increasing need for efficient, reliable, and high-performance automotive components.
Compressed Air Type, Compressed Inert Gases Type in the Global Automotive Pneumatic Equipment Market:
The Global Automotive Pneumatic Equipment Market is segmented into two main types based on the kind of gas used: Compressed Air Type and Compressed Inert Gases Type. Compressed Air Type equipment is the most common and widely used in the automotive industry. These devices use the power of compressed air to perform various tasks, such as inflating tires, powering air tools, and operating air brakes. On the other hand, Compressed Inert Gases Type equipment uses inert gases like nitrogen or argon, which are less reactive than air. These types of equipment are typically used in more specialized applications, such as in the manufacturing and assembly of vehicles, where they offer advantages like improved safety, efficiency, and performance.
Passenger Cars, Commercial Vehicles in the Global Automotive Pneumatic Equipment Market:
The usage of Global Automotive Pneumatic Equipment varies significantly between Passenger Cars and Commercial Vehicles. In Passenger Cars, pneumatic equipment is primarily used for comfort and convenience features, such as air conditioning systems, power windows, and pneumatic seats. These devices enhance the driving experience by providing a comfortable and enjoyable ride. On the other hand, in Commercial Vehicles, pneumatic equipment plays a more critical role in the vehicle's operation and performance. These vehicles often rely on pneumatic systems for essential functions like braking, suspension, and load handling. The use of pneumatic equipment in these vehicles is crucial for their safety, reliability, and efficiency.
Global Automotive Pneumatic Equipment Market Outlook:
Looking at the market outlook, the Global Automotive Pneumatic Equipment Market was valued at a substantial US$ 72 million in 2023. The market is projected to experience a steady growth, reaching an estimated value of US$ 97.2 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period from 2024 to 2030. This growth is expected to be driven by various factors, including the increasing demand for automobiles, advancements in pneumatic technology, and the growing need for efficient and high-performance automotive components.
| Report Metric | Details |
| Report Name | Automotive Pneumatic Equipment Market |
| Accounted market size in 2023 | US$ 72 million |
| Forecasted market size in 2030 | US$ 97.2 million |
| CAGR | 4.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Airtx (USA), Aventics (Germany), Bahco (Sweden), Cejn (Sweden), Coilhose (USA), Exair (USA), Festo (Germany), Guardair (USA), Hazet (Germany), Jwl (USA), Kitz Micro Filter (Japan), Metabo (Germany), Ningbo Pneumission (China), Parker (USA), Prevost (Canada), Sata (Germany), Silvent (Sweden), Smc (Japan) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
