Pneumatic Tools Market

Pneumatic Tools Market Overview

Pneumatic Tools Market was valued nearly US$ 70.73 Billion in 2023. Pneumatic Tools Market size is estimated to grow at a CAGR of 7.53% & is expected to reach at US$ 116.92 Billion By 2032.

Pneumatic Tools Market Trends

Factors Influencing the Pneumatic Tools Market

The utilization of pneumatic tools spans across various industries such as automotive, aerospace, shipbuilding, and construction. Key trends in the market include advancements in lithium batteries, the rise of DIY hobbies, and the emergence of smart and networked power tools. The expansion of the market is further fueled by the increasing development of infrastructure, urbanization, and industrialization. However, the industry faces challenges in the form of high maintenance costs for power tools and volatility in raw material prices.

Pneumatic Tools Market

Size, by Product, - (USD Billion)

Compressed Air Work Directly

Rotary Pneumatic Tools

Reciprocating Pneumatic Tools

Other Products

The Market will Grow

At the CAGR of:

7.53%

The Forecast Market

Size for in USD:

$116.92 Billion

Pneumatic Tools Market Dynamics

Drivers

Growing use in the construction sector to drive market growth

The construction industry, particularly in home renovation and remodeling processes, is driving the growth of the global pneumatic tools market. These tools offer various advantages, such as affordability compared to other options, making them ideal for small contractors and homeowners looking to build everyday objects for home decor. Unlike electric tools, pneumatic versions are considered safe to use as they eliminate the risk of sparks associated with electric motors. However, it is important to note that pneumatic tools are heavy-duty and should be kept away from children due to their potential danger. Despite their weight, pneumatic tools are lightweight and easy to handle, without compromising on performance, especially when connected to the appropriate air compressors. They can generate significant torque and operate for extended periods, unlike battery-powered tools that require regular charging. The increasing rate of home renovation activities worldwide is expected to drive the demand for pneumatic tools, as they are also utilized in large-scale construction projects. Additionally, the growing rate of infrastructure development activities is projected to further boost the market's growth rate.

Restraints

Fragmented market due to the high demand for electric power tools may restrict market growth

Pneumatic tools come with various advantages, but they also come with specific drawbacks. One of these drawbacks is their lack of portability due to the heavy air compressors they are equipped with. Additionally, pneumatic tools require regular oiling to prevent rust and ensure proper lubrication for optimal performance, which can impact global sales. Moisture can be trapped by air compressors and distributed throughout the system, resulting in decreased efficiency. These issues have contributed to the increasing popularity of electric tools, which require less maintenance and provide consistent power. Electric tools are also considered more environmentally friendly, as they can be powered by energy from sustainable sources.

Opportunities

Growing launch of new product offerings with improved features may push market demand

The demand for pneumatic tools in the global market is expected to rise even further due to continuous investments in product innovation and expanding portfolios by manufacturers. Chicago Pneumatic recently introduced a new series of CP28 industrial screwdrivers in February 2022, including two pistol grip versions (CP2816/CP2817) and two straight versions (CP2828/CP2829). These additions are suitable for various industries such as maintenance, construction, assembly of white goods, and electronics. The market is set to benefit from the increasing integration of automated solutions with pneumatic tools, which can help reduce occupational risks associated with high-power machinery. Sumake North America also launched a new benchtop machine, BT-001, at The Assembly Show South 2023 in April 2023. This machine features an automatic screw feeder system, eliminating the need for manual assistance during operation.

Increasing demand for electric vehicles (EVs) should create a higher demand for pneumatic tools

Power tools play a crucial role in the automotive sector by aiding in the removal and fastening of bolts. Pneumatic grinders and sanders are specifically utilized for surface preparation. The expanding electric vehicle (EV) segment within the automobile industry is expected to open up fresh opportunities for companies in the pneumatic tool industry.

Challenges

Rising concerns over poor energy efficiency of air powered-tools may challenge market growth

The utilization of pneumatic tools involves a high consumption of energy due to the fact that air compressors decrease air volume to produce the necessary pressure. This characteristic is intrinsic to the tool, and there is a global shift towards more energy-efficient alternatives, leading to a decline in the demand for pneumatic tools.

Pneumatic Tools Market

Share, by end user, (USD Billion)

70.73 Billion%

Construction Field

Industry Field

Other

Other End-Users

116.92 Billion

Total Market Size

USD (Billion),

7.53%

CAGR

-

Pneumatic Tools Market Segments

• by type

1. Compressed Air Work Directly
2. Rotary Pneumatic Tools
3. Reciprocating Pneumatic Tools

• by application

1. Construction Field
2. Industry Field
3. Residential
4. Other

• by end-user industry

1. Defense
2. Automobile
3. Manufacturing
4. Mining
5. Textile
6. Construction
7. Telecommunications
8. Electronics
9. Others

Pneumatic Tools Market Key Players

• Stanley Black & Decker
• Makita
• Atlas Copco
• Koki Holdings
• Metabo
• Atlas Copco
• Desoutter Industrial Tools 
• Snap-on
• Apex Tool Group
• Ingersoll Rand
• Chicago Pneumatic
• Sumake
• Kobe Steel
• HITACHI Industrial Equipment Systems Co. Ltd.
• Festo
• Fuji Industrial Spray Equipment Ltd.
• Husky
• Nitto Kohki Co. Ltd
• Sioux Tools
• SP AIR Corporation
• GISON Machinery
• Larson Systems Inc.
• Jet Tools
• Kyocera SENCO
• Bosch Power Tools
• ITW (Paslode)
• Basso
• PUMA Industrial Co. Ltd.
• Dynabrade
• Emmerson (Ridgid)
• P&F Industries
• Uryu Seisaku
• Rongpeng
• Taitian

Pneumatic Tools Market Recent Development

2024: After years of strong growth, 2023 was a year of consolidation. Turnover was just below the previous year’s level (- 4.3% to around 3.65 billion euros). Festo continued to invest heavily in research and development and the expansion of regional market supply. The company sees good opportunities for growth again in the medium term.

2024: Ingersoll Rand® is proud to announce the release of the Responsive Tightening System – RTS Connect, a revolutionary addition to its suite of precision fastening tools. Designed with Responsive Torque Control technology, it is set to transform assembly lines with enhanced accuracy and reliability.

Pneumatic Tools Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

7.53%

The Forecast Market

Size for in USD:

$116.92 Billion

Conclusion

The pneumatic tools market is expanding across various industries, including automotive, aerospace, shipbuilding, and construction. Key trends driving this growth include advancements in lithium batteries, the rise of DIY hobbies, and the emergence of smart and networked power tools. The market is also being fueled by increasing infrastructure development, urbanization, and industrialization. However, challenges such as high maintenance costs and volatility in raw material prices pose hurdles to the industry's growth.

Pneumatic Tools Market TO (USD BN)

CAGR OF

7.53%

Pneumatic Tools Market

116.92 Billion%