Industrial Automation Magazine India

Air Motor market size to grow by USD 1,021.32 million between 2022 and 2027

Published on : Saturday 20-05-2023

Altra Industrial Motion Corp., and Atlas Copco AB are identified as key vendors – Technavio.

New York, May 19, 2023 – The air motor market size is set to grow by USD 1021.32 million from 2022 to 2027. However, the growth momentum will be progressing at a CAGR of 3.77% during the forecast period, according to Technavio. The air motor market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.

Altra Industrial Motion Corp., Atlas Copco AB, Constructions Mecaniques Ferry, Deprag Schulz GmbH u. Co., Desoutter Industrial Tools, Fiam Utensili Pneumatici S.p.a., GLOBE Benelux BV, IDEX Corp., Ingersoll Rand Inc., Jergens Inc., MD Compressed Air Technology GmbH and Co KG, MODEC SAS, Parker Hannifin Corp., PSI Automation, PTM mechatronics GmbH, Robert Bosch GmbH, Sommer Technik GmbH, SPX FLOW Inc., Stryker Corp., and Thomas C. Wilson LLC are some of the major market participant.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The air motor market report covers the following areas: air motor market size; air motor market trends; air motor market industry analysis; porters five forces analysis; and customer landscape.

Market driver: the increasing number of applications in tools; increasing use of air motors in the food and beverages industry for sterile applications; and rising adoption of air motors in industrial machinery.

Market Trend: increasing focus on reducing overall air consumption by air motors; increasing applications of air motors; and stringent regulations on the use of explosion-proof equipment in hazardous environments.

Market challenges: the fluctuating price of raw materials; the slowdown in manufacturing industry; and availability of substitute products.