Pneumatic Tools Market Size, Share, Trends, Growth 2030

Pneumatic Tools Industry Prospective:

The global pneumatic tools market size was worth around USD 69.85 billion in 2022 and is predicted to grow to around USD 129.36 billion by 2030 with a compound annual growth rate (CAGR) of roughly 8.04% between 2023 and 2030.

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Pneumatic Tools Market: Overview

Pneumatic tools are power tools that use compressed air for functioning. The compressed air is supplied through an air compressor. Pneumatic tools are driven by compressed carbon dioxide (CO2) stored in portable small cylinders. A pneumatic rotor attached to the tool converts compressed air to work and the tools thus powered directly compete with electric tools across industries. Several advantages are associated with the use of pneumatic tools that also act as key drivers for higher demand. The supply of compressed air in most pneumatic tools ranges between 4 to 6 bar. These tools have applications across crucial sectors such as manufacturing, construction, textile, and mining to name a few. Pneumatic force is applied in applications that require long duty-cycle, high volume, and high-torque tools and can be used to perform several tasks. The pneumatic tools industry is growing at a steady pace but is likely to come across several challenges as automated and electricity-powered tools replace these machines.

Key Insights:

• As per the analysis shared by our research analyst, the global pneumatic tools market is estimated to grow annually at a CAGR of around 8.04% over the forecast period (2023-2030)
• In terms of revenue, the global pneumatic tools market size was valued at around USD 69.85 billion in 2022 and is projected to reach USD 129.36 billion, by 2030.
• The pneumatic tool market is projected to grow at a significant rate due to the growing use in the construction sector
• Based on application segmentation, industrial was predicted to show maximum market share in the year 2022
• Based on end-user industry segmentation, manufacturing was the leading segment in 2022
• On the basis of region, Asia-Pacific was the leading revenue generator in 2022

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Pneumatic Tools Market: Growth Drivers

Growing use in the construction sector to drive market growth

The global pneumatic tools market is projected to grow due to the increasing use of these machines in the construction industry especially in home renovation or remodeling processes. Pneumatic tools offer several advantages. For instance, they are more affordable as compared to other counterparts and hence most suited for construction projects undertaken by small contractors or by house owners to build everyday objects for home decor. Furthermore, unlike electric tools, pneumatic versions are considered safe for use since there is no risk of sparks associated with electric motors. However, the tools are still heavy-duty and must be kept away from children as they can be dangerous. Pneumatic tools are lightweight and easier to handle without compromising on the overall product performance especially when they are connected to the right air compressors. They can produce a significant amount of torque and continue to function for extended periods, unlike battery counterparts that have to be regularly charged. The growing rate of home renovation activities globally is projected to drive the sale of pneumatic tools as they are also used in large-scale construction projects. The growing rate of infrastructure development activities is projected to boost the market growth rate.

Pneumatic Tools Market: Restraints

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

While pneumatic tools have several advantages, they are also associated with specific disadvantages. For instance, since they are fitted with heavy air compressors, pneumatic tools do not offer the same portability as electric tools. Furthermore, they are also high maintenance as pneumatic tools require frequent oiling to prevent them from rusting and keeping the inner structure well-lubricated for proper functioning impacting global market sales. Air compressors are known to capture moisture and pass it down through the entire system leading to the tool losing performance efficiency. These factors have led to a growing demand for electric tools as they offer low maintenance and consistent power. The electric versions are considered more eco-friendly as the energy needed to power these units can be obtained from green sources.

Pneumatic Tools Market: Opportunities

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

The global pneumatic tools market demand is projected to be further pushed to new heights as manufacturers of pneumatic tools continue to invest in product innovation and portfolio expansion. In February 2022, Chicago Pneumatic, a global provider of air compressors, power tools, hydraulic equipment, and light towers, announced the launch of a new series of CP28 industrial screwdrivers. The range consists of two pistol grip versions and two straight versions labeled CP2816/CP2817 and CP2828/ CP2829 respectively. These new additions can be used in maintenance and construction industries along with the assembly of white goods and electronics. The market will benefit from the growing investments in integrating automated solutions with pneumatic tools as these devices are likely to mitigate the occupational risks involved with using such high-power machines. In April 2023, Sumake North America, a company that provides industrial-strength and state-of-the-art tool line solutions including Sumake Air & Pneumatic Tools, launched a new benchtop machine at The Assembly Show South 2023. The machine is called BT-001 and is equipped with an automatic screw feeder system. It does not depend on manual assistance as it eliminates the need for the driver to be held by an operator.

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

These power tools are used extensively in the automotive industry as they help in removing and fastening bolts. Pneumatic grinders and sanders are used for surface preparation. The growing EV segment of the automobile industry is likely to create new growth possibilities for the pneumatic tool industry players.

Pneumatic Tools Market: Challenges

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

The use of pneumatic tools is an extremely energy-intensive process since air compressors tend to reduce air volume for generating required pressure. It is an inherent attribute of the tool and the world is steadily moving toward more energy-efficient solutions resulting in a dip in the demand for pneumatic tools.

Pneumatic Tools Market: Segmentation

The global pneumatic tools market is segmented based on application, type, end-user industry, and region.

Based on application, the global market segments are residential, industrial, and others. In 2022, the highest growth was observed in the industrial application of pneumatic tools. These equipment are designed to carry out heavy-duty tasks with ease. They are used in industries such as construction and mining along with growing use in other sectors such as woodworking and metalworking. Industrial pneumatic tools are more expensive than the ones used in the residential sector but still less than industrial electric-grade tools. Industrial pneumatic tools cost around USD 200 to USD 1000 depending on the exact tool and its application.

Based on type, the pneumatic tools industry divisions are pneumatic polishers, pneumatic wrenches, pneumatic grinders, pneumatic hammers, pneumatic sanders, pneumatic drills, and others.

Based on end-user industry, the global market divisions are defense, automobile, manufacturing, mining, textile, construction, telecommunications, electronics, and others. In 2022, the manufacturing segment led with the highest growth rate since it comprises the production or manufacturing of several products used in other industries such as automotive, aerospace, defense, and others. Pneumatic tools are easy to handle and safer than their counterparts resulting in a higher consumption rate. Between 2017 and 2022, the US manufacturing industry has grown by around 1.15%.

Pneumatic Tools Market: Report Scope

Pneumatic Tools Market: Regional Analysis

Europe to deliver the best results during the assessment time period

The global pneumatic tools market will be led by Europe during the forecast period. The presence of key manufacturers of pneumatic tools and growing demand across end-user verticals are projected to act as crucial growth drivers. The European market players are increasingly investing in consistent research and product enhancement. In May 2022, ELGi Compressors, a subsidiary of ELGi Equipments Limited and one of the world’s largest suppliers of air compressors, presented its comprehensive range of two new air compressors at Underhåll 2022 in Sweden. Furthermore, the rising investments in the automobile and construction sector may fuel regional growth.

North America is projected to grow at a significant CAGR driven by an increasing rate of new product launches. The North American market is witnessing a high influx of foreign players while also investing in improving domestically grown product offerings.

Growth in Asia-Pacific will be led by increased investments in the infrastructure development process. Alongside, higher mining of essential minerals in Asian countries.

Pneumatic Tools Market: Competitive Analysis

The global pneumatic tools market is led by players like:

• Snap-on
• Ingersoll Rand
• Metabo
• Atlas Copco
• Desoutter Industrial Tools
• Stanley Black & Decker
• Dynabrade
• Chicago Pneumatic
• Kobe Steel
• Husky
• Nitto Kohki
• SP AIR Corporation
• Makita
• GISON Machinery
• Bosch Power Tools
• HITACHI Industrial Equipment Systems Co. Ltd.
• Festo
• Fuji Industrial Spray Equipment Ltd.
• Sullair
• Nitto Kohki Co. Ltd.
• Sioux Tools
• Larson Systems Inc.
• Sumake
• Puma Industrial Co. Ltd.
• JET Tools

The global pneumatic tools market is segmented as follows:

By Application

• Residential
• Industrial
• Others

By Type

• Pneumatic Polishers
• Pneumatic Wrenches
• Pneumatic Grinders
• Pneumatic Hammers
• Pneumatic Sanders
• Pneumatic Drills
• Others

By End-User Industry

• Defense
• Automobile
• Manufacturing
• Mining
• Textile
• Construction
• Telecommunications
• Electronics
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa