Pneumatic Tools Market – Introduction
Pneumatic tools are powered by compressed air (as it works by the force of air); the force of air is provided by an air compressor. In other words, pneumatic tools are powered by compressed air, as it is the power of air pressure that helps the pneumatic tool to work. Pneumatic tools have a gas powered pump which continuously forces the air into a steel container till the air gets pressurized. In addition, a pneumatic tool is hooked to a pipe which is attached to a container with an air valve. Pneumatic tools are industrial machines that can be used for hours without stopping any work, as it has longer life than other types of tools and they are available in various sizes, dimensions, and patterns. Additionally, pneumatic tools are widely acknowledged in the market across the globe due to its advantages such as corrosion resistance, low maintenance, compact design, and longer service life. Pneumatic tools are air compressed power tools powered by portable compressed carbon dioxide containers or cylinders.
Pneumatic tools Market – Competitive Landscape
Leading market players are focusing on further innovative developments of pneumatic tools to overcome existing limits and enhance operational efficiency.
Established in 1873, Atlas Copco is a Swedish industrial company employing around 34,000 people. It manufactures industrial tools and equipment, and is headquartered in Nacka, Sweden. The company services, manufactures, develops, and rents industrial tools and air compressor construction systems. It operates in four main segments that include industrial technique, compressor technique, construction technique, and vacuum technique.
EATON Corporation Inc.,
Incorporated in 1911, Eaton is a U.S.-based multinational conglomerate and a power management company with around 99,000 employees. The company operates its business through two key segments: industrial and electrical. The industrial segment includes hydraulics group, aerospace group, and vehicle group. The electrical segment of the company comprises Electrical Americas & Rest of the World sub-segments, which include customers from institutional, industrial, government, information technology, commercial, utilities, residential, and original equipment manufacturer (OEM) sectors. Eaton’s operational headquarters is in Beachwood, Ohio (the U.S.). The company operates in almost 175 countries.
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Dom Pneumatic Tools
Incorporated in 1984, Dom Pneumatic Tools is a leading trader, manufacturer, and service provider of pneumatic accessories and pneumatic tools. The company manufactures products that comprise pneumatic angle grinders, pneumatic die grinders, and air riveters.
Bosch Tool Corporation
Founded in 2003, Bosch Tool Corp is based in North America and is the global market leader for power tool accessories and power tools. Although, each year the company launches more than 100 new power tools globally. Furthermore, the company is the global leader in
providing innovative solutions in industrial gases and air compressors, energy efficient vacuum pumps, light towers, portable compressors and generators.
Established in 1959, SMC Corporation is a Japanese company, specialized in pneumatic control engineering to support industrial automation. The company develops a broad range of control equipment and systems, that includes actuators, directional control valves, and airline equipment, for supporting various applications.
Some of the key players operating in the global pneumatic tools market includes Atlas Copco, Toku Pneumatic Co, Ltd., Makita Corporation, Delton Pneumatics, Bosch Tool Corporation, EATON Corporation Inc., Apex Tool Group, HITACHI Ltd., Stanley Black & Decker, Inc., Dom Pneumatic Tools, Paslode, SMC Corporation, and The 3M Company.
Pneumatic Tools Market–Dynamics
Rising demand for pneumatic tools due to increasing number of manufacturing industries, automotive industry, and construction activities
Pneumatic tools are powered by compressed air which are highly useful in the manufacturing industry, automotive industry, and in constructions activities in developed and developing countries. Pneumatic tools are more useful than electric tools as they do not have motor, so they cannot overload and overheat and do not need any specific maintenance. Growing industrialization will result in demand for pneumatic tools, which in turn is expected to boost the pneumatic tools market over the next few years. Moreover, the rising demand for pneumatic tools in industrial and residential fields is expected to fuel the growth of the pneumatic tools market. This in turn is projected to positively impact the growth of the global pneumatic tools market during the forecast period 2019-2027.
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Pneumatic Tools Market–Segmentation
The pneumatic tools market can be segmented on the basis of:
Pneumatic Tools Market Segmentation – by Types
Based on types, the pneumatic tools market can be segmented into:
- Pneumatic Wrenches
- Pneumatic Sanders
- Pneumatic Hammers
- Pneumatic Drills
- Pneumatic Polishers
- Pneumatic Grinders
- Other Pneumatic Tools
Pneumatic Tools Market Segmentation– by Application
Based on application, the pneumatic tools market can be divided into:
- Residential or Household
Pneumatic Tools Market Segmentation – by End-use
In terms of end-use, the pneumatic tools market can be categorized into:
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