Pneumatic Tools Market Size is expected to reach USD 4831.5 Million in 2034

Pneumatic Tools Market Size is expected to reach USD 4831.5 Million in 2034

  • With a forecasted valuation of roughly USD 2915.2 million in 2023, the pneumatic tools market is expected to increase at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2034, reaching USD 4831.5 million.
  • Pneumatic or air-powered tools are those that run on compressed air that comes from an air compressor. This apparatus uses compressed air energy as efficiently as possible to perform a range of mechanical tasks.

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GROWTH DRIVERS

  • Regulatory agencies frequently enforce safety rules that mandate the use of particular kinds of instruments in particular industries. Pneumatic instruments are often chosen over traditional electric tools due to their efficiency and safety features.
  • A growing number of consumers and corporations are demanding items with the least level of ecological impact due to their awareness of climate change and environmental degradation.
  • Pneumatic tools, which often run on compressed air, are typically less harmful to the environment in terms of emissions than electric tools, which rely on fossil fuels to produce electricity. This feature makes them an appealing substitute for customers who care about the environment.

MARKET SEGMENTATION:

·?????????By Type -?Wrenches, Sanders, Polishers, Drills, Grinders, Nailer, Hammer, Filer, Chipper, Others

·?????????By Application –?Industrial, Residential, Others

·?????????By End Users -?Steel & Power, Automotive, Manufacturing, Oil & Gas, Others

·?????????By Region -?North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Pneumatic Tools Market Global Key Players:

·?????????Festo SE

·?????????Emerson Electric Co.

·?????????SMC Corporation

·?????????Janatics

·?????????Dom Pneumatic Tools

·?????????Parker Hannifin Corp.

·?????????Ingersoll Rand

·?????????Koki Holdings Co. Ltd

·?????????Chicago Pneumatic

·?????????The 3M Company

·?????????ROSS Controls

·?????????Bimba Manufacturing Company (IMI PLC)

·?????????Other Players

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