Global Pneumatic Tools Market Forecast To Register CAGR Of Over 7.70% From 2024 To 2033
Pneumatic Tools Market Size
The global pneumatic tools market size was valued at USD 63.54 billion in 2024 and is expected to reach USD 127.85 billion by 2033, at a CAGR of 7.7% during the forecast period 2024-2033.
Pneumatic Tools Market Overview
Pneumatic tools (air tools) are essentially powered by an air compressor. It’s quite remarkable how these tools operate while being lightweight, durable, and energy efficient, and due to these features, they find applications in construction, manufacturing, and the automotive industry.
Well-known types are classified as air drills, nail guns, sanders, and impact wrenches. On the global level, the pneumatic tools market is impacted by the level of industrial automation and the level of development in the construction sector, especially in the emerging economies. There is also a shift in focus towards research and development of energy-efficient tools.
Innovation in production and rapidly expanding construction and automotive sectors boost the global pneumatic tools market. Moreover, the high appetite for robust and ergonomic tools in engine trusts is a key driver of this sector.
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However, the high cost of the pneumatic tools, lack of universal directives pertaining to the usage of the pneumatic tools, and presence of substitutes are some of the factors restraining the market growth.
Pneumatic polishers, wrenches, grinders, hammers, sanders, drills, and others are among the various types of pneumatic tools that make up the market. Pneumatic wrenches hold a significant share of the market, primarily due to their widespread use in automobile assembly and repairs. Pneumatic grinders and hammers are widely used for metalwork and construction because of their accuracy and power.
Furniture makers also use sanders and polishers for surface finishing. There is also great demand for pneumatic drills for construction and other repair works, the reason being their effectiveness and strength. Newer categories, like pneumatic screwdrivers, are becoming more popular due to growing automation and mass production on assembly lines. All sectors, including aerospace, automotive, and general construction, are also furthering growth due to advances in tool ergonomics and the introduction of lighter tools.
Chicago Pneumatic Tool Company is a leading manufacturer of power tools, air compressors, generators, light towers, and hydraulic equipment on the global market. The company possesses over 120 years of experience and strives to provide innovative and dependable solutions for professional and industrial uses.
BRI has comprehensively analyzed the global pneumatic tools industry. We have provided a detailed explanation of the drivers, restraints, challenges, opportunities, and key trends to paint a comprehensive picture of the pneumatic tools market. Segment-wise market size and market share for pneumatic tools during the forecast period are duly addressed to portray the probable picture of the global pneumatic tools industry.
The competitive landscape includes pneumatic tool market leaders as well as niche players. We extensively study and analyze their strengths, weaknesses, and value-added prospects. In addition, the report covers pneumatic tools key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends, and dynamics in partnerships.
List of the prominent players in the Pneumatic Tools Market:
- Ingersoll Rand
- Pace Assembly Tools (PAT)
- Torc Star Bolting Tools
- ATS ELGI Limited
- Milwaukee Electric Tool Corporation.
- Atlas Copco
- RalliWolf Industries Ltd.
- Chicago Pneumatic Tool Company
- Makita Corporation
- Texas Pneumatic Tools Inc.
- Stanley Black & Decker Inc.
- Campbell Hausfeld
- Panasonic
- Desoutter Industrial Tools
- Milton Industries
- Others
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