Europe Miniature Pneumatics Market
European countries are concentrated with prominent industries—such as food & beverages, automobiles, aerospace, pharmaceuticals, and semiconductors—that demand for miniature pneumatics as they provide benefit of low cost, greater flexibility, and safe alternative to hydraulic actuators and electric motors. As manufacturers in various sectors, such as automobile, medical devices, and semiconductor, are using miniature pneumatic, the growth the market is projected to rise in Europe. The demand for miniature pneumatic is increasing due to high inclination toward using specialized components with minimal failure rates in food processing, analytical instrumentation, biomedical, and packaging sectors. According to the World Bank Organization, Germany, France, Austria, the UK, and the Netherlands are among a few countries, which have strong manufacturing setup. In addition, as per the Manufacturing Output Scoreboard, Germany, Italy, France, and the UK are included under top nations. Therefore, growing European manufacturing industry will help in boosting the market growth. Also, use of miniature pneumatic is increasing high momentum in biomedical, automotive, transportation, conveyor systems, packaging and food processing that would also stimulate the market growth during the forecast period. Also, miniature pneumatics offering various benefits is expected to create a significant demand for miniature pneumatics in the coming years, which is further anticipated to drive the Europe miniature pneumatics market.
Europe is adversely affected by the COVID-19 pandemic. In Europe, the UK is the hardest-hit country by the outbreak. Europe is expected to suffer an economic hit due to a lack of revenue from various industries, as countries such as the UK, Germany, and Italy recorded the highest number of COVID-19 cases. Additionally, the miniature pneumatics market is expected to get hampered with the outbreak of another variant of COVID-19 in the UK. The region is a significant manufacturing and industrial hub for various sectors such as aviation, manufacturing, automotive, energy and power, and others. However, due to the pandemic, many businesses in Europe are facing financial challenges as they had to reduce their activities substantially owing to government-imposed restrictions, lack of workforce, and decreasing sales. For example, in March 2020, BMW planned to close its factories in Europe and South Africa owing to declining sales. With reducing manufacturing businesses, mining activities, and production businesses during the first few months of 2020, the use of miniature pneumatics has also witnessed a decline.
Strategic insights for the Europe Miniature Pneumatics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 523.80 Million |
| Market Size by 2027 | US$ 728.32 Million |
| Global CAGR (2020 - 2027) | 4.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Miniature Pneumatics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The miniature pneumatics market in Europe is expected to grow from US$ 523.80 million in 2019 to US$ 728.32 million by 2027; it is estimated to grow at a CAGR of 4.2% from 2020 to 2027. Animatronics is the process of manufacturing and operating lifelike robots that are used for entertainment or films; whereas, robotics is the process of designing, constructing, and operating robots. Miniature pneumatics offer numerous benefits such as smooth movement of robots, enhanced safety, greater precision, and customized designs. The growing adoption of robots and animatronics among various industries such as automobile, entertainment, manufacturing, agriculture, and aerospace and defense is expected to drive the growth of miniature pneumatics market. Further, increasing product launches by prominent miniature pneumatic component providers is also expected to drive the growth of the market. For example, in 2019, SMC Pneumatics (UK) Ltd launched integrated wireless valve manifold system – EX600W. The system provides wireless communication by eliminating the need for network cabling.
In terms of type, valves segment accounted for the largest share of the Europe miniature pneumatics market in 2019. Further, the semiconductor segment held a substantial share of the Europe miniature pneumatics market based on application in 2019.
A few major primary and secondary sources referred to for preparing this report on the miniature pneumatics market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Clippard Instrument Laboratory, Inc.; Emerson Electric Co.; Kendrion N.V.; Norgren; PARKER HANNIFIN CORP; ROSS CONTROLS.
The Europe Miniature Pneumatics Market is valued at US$ 523.80 Million in 2019, it is projected to reach US$ 728.32 Million by 2027.
As per our report Europe Miniature Pneumatics Market, the market size is valued at US$ 523.80 Million in 2019, projecting it to reach US$ 728.32 Million by 2027. This translates to a CAGR of approximately 4.2% during the forecast period.
The Europe Miniature Pneumatics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Miniature Pneumatics Market report:
The Europe Miniature Pneumatics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Miniature Pneumatics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Miniature Pneumatics Market value chain can benefit from the information contained in a comprehensive market report.
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