Pneumatic Linear Acting Actuator Market

The article discusses the increasing demand for pneumatic linear acting actuators globally, with a forecasted growth in market consumption and value. It provides insights into market performance, trends in production, imports, and exports of pneumatic linear acting actuators in various countries. The data highlights key players, growth rates, and market trends from 2012 to 2022, projecting continued growth in the near future.

Market Forecast

Driven by increasing demand for pneumatic linear acting actuators worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market volume to 155M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.0% for the period from 2022 to 2030, which is projected to bring the market value to $21B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Pneumatic Linear Acting Actuators

Global pneumatic linear acting actuator consumption expanded to 124M units in 2022, growing by 2.1% against 2021 figures. The total consumption volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is likely to continue growth in the near future.

The global pneumatic linear acting actuator market size contracted slightly to $14.2B in 2022, waning by -2.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. Over the period under review, the global market hit record highs at $14.5B in 2021, and then shrank in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (20M units), the United States (14M units) and Germany (12M units), together accounting for 37% of global consumption. India, Japan, Italy, Brazil, Pakistan, Belarus, Mexico, Russia, Canada and South Korea lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +17.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, India ($3.4B) led the market, alone. The second position in the ranking was taken by Pakistan ($1.2B). It was followed by Japan.

In India, the pneumatic linear acting actuator market increased at an average annual rate of +3.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (+3.1% per year) and Japan (+2.3% per year).

In 2022, the highest levels of pneumatic linear acting actuator per capita consumption was registered in Belarus (507 units per 1000 persons), followed by Germany (142 units per 1000 persons), Italy (101 units per 1000 persons) and Canada (70 units per 1000 persons), while the world average per capita consumption of pneumatic linear acting actuator was estimated at 16 units per 1000 persons.

In Belarus, pneumatic linear acting actuator per capita consumption expanded at an average annual rate of +17.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-3.8% per year) and Italy (-2.9% per year).

Production

World Production of Pneumatic Linear Acting Actuators

In 2022, production of pneumatic linear acting actuators increased by 8.6% to 126M units, rising for the fifth consecutive year after two years of decline. The total output volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by 9.2% against the previous year. Global production peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, pneumatic linear acting actuator production totaled $12.9B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 20%. As a result, production reached the peak level of $13.1B. From 2020 to 2022, global production growth failed to regain momentum.

Production By Country

China (37M units) constituted the country with the largest volume of pneumatic linear acting actuator production, comprising approx. 29% of total volume. Moreover, pneumatic linear acting actuator production in China exceeded the figures recorded by the second-largest producer, Poland (13M units), threefold. India (10M units) ranked third in terms of total production with an 8.1% share.

In China, pneumatic linear acting actuator production increased at an average annual rate of +3.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+25.7% per year) and India (+3.4% per year).

Imports

World Imports of Pneumatic Linear Acting Actuators

In 2022, purchases abroad of pneumatic linear acting actuators increased by 18% to 58M units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, pneumatic linear acting actuator imports totaled $2.6B in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports By Country

In 2022, Belarus (13M units), distantly followed by the United States (8.4M units), Germany (6.8M units), Mexico (4.7M units) and China (4.6M units) were the largest importers of pneumatic linear acting actuators, together mixing up 65% of total imports. The following importers - Canada (2.2M units), Belgium (1.2M units), India (1.2M units), Brazil (1.1M units), Japan (1M units), Italy (0.9M units) and Taiwan (Chinese) (0.9M units) - together made up 15% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +29.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest pneumatic linear acting actuator importing markets worldwide were the United States ($388M), Germany ($262M) and China ($243M), together comprising 35% of global imports. Italy, Canada, Mexico, Japan, Belgium, Taiwan (Chinese), Brazil, India and Belarus lagged somewhat behind, together comprising a further 25%.

Among the main importing countries, India, with a CAGR of +13.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average pneumatic linear acting actuator import price stood at $44 per unit in 2022, waning by -14.2% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2014 an increase of 15%. Global import price peaked at $75 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($156 per unit), while Belarus ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Pneumatic Linear Acting Actuators

For the third year in a row, the global market recorded growth in overseas shipments of pneumatic linear acting actuators, which increased by 38% to 59M units in 2022. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, pneumatic linear acting actuator exports expanded markedly to $2.4B in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, China (21M units) was the key exporter of pneumatic linear acting actuators, generating 36% of total exports. Poland (12M units) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (14%), Germany (6.5%) and Mexico (5.5%). The following exporters - the United States (1.9M units) and Taiwan (Chinese) (1.7M units) - each finished at a 6.1% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belarus (with a CAGR of +64.1%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($600M), China ($410M) and Poland ($280M) appeared to be the countries with the highest levels of exports in 2022, together accounting for 53% of global exports. The United States, Mexico, Taiwan (Chinese) and Belarus lagged somewhat behind, together comprising a further 15%.

Taiwan (Chinese), with a CAGR of +13.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average pneumatic linear acting actuator export price amounted to $41 per unit, waning by -23.5% against the previous year. Overall, the export price showed a perceptible contraction. The pace of growth was the most pronounced in 2014 an increase of 27%. As a result, the export price reached the peak level of $83 per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($156 per unit), while Belarus ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+13.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform