Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2,372.90 Million | USD 4,097.70 Million | 6.38% | 2023 |
The global pneumatic tube system market size was worth around USD 2,372.90 million in 2023 and is predicted to grow to around USD 4,097.70 million by 2032 with a compound annual growth rate (CAGR) of roughly 6.38% between 2024 and 2032.
The pneumatic tubes, also known by the name of capsule pipelines, are specially designed tubes which are utilized to force cylindrically shaped containers through systems of tubes with the help of compressed air or through partial vacuum. These tubes are used for transportation of solid objectsunlike the conventional pipelines that are used to transport just the fluids. The advent pneumatic tubes date back to the late 19th century, when they were employed in offices to carry small and urgent packages such as paperwork, money, or mail for comparatively small distances, for instance, within a building or within the city.
One of the major shortcomings of pneumatic tube systems is that sometimes at the receiving end, one may find a damaged item which happens during transportation, especially found in hospitals. For instance, it has been observed that on transporting blood samples through the tubes the composition of the blood changes. Furthermore, manufacturers are now coming up with smart solutions such as using software to track real-time data, smart network paths for increasing systems performance, which leads in decreasing the delivery time and increase the safety.
Growth factors for the pneumatic tube system market include increasing demand for automation and efficient logistics solutions in various sectors. In healthcare, the need for quick and reliable transport of critical items like medications and lab samples drives the adoption of PTS. In retail and banking, PTS enhances operational efficiency by securely and swiftly moving cash and documents. Technological advancements, such as improved control systems and enhanced tube materials, contribute to the reliability and performance of modern PTS. Additionally, the rise of smart buildings and the integration of PTS with other automated systems reflect the trend towards more sophisticated, interconnected infrastructure solutions, further propelling market growth.
By System Type, the global pneumatic tube system market is segmented into Single Phase, Three-Phase
By System Configuration, the global pneumatic tube system market is segmented into Multiline System, Single-Line System, Point-To-Point System
By Function, the global pneumatic tube system market is segmented into Fully Automatic, Semi-Automatic
By End-User, the global pneumatic tube system market is segmented into Hospitals, Laboratories, Pharmacies, Banks, Logistics and Warehouses, Manufacturing Plants, Others
Report Attributes | Report Details |
---|---|
Report Name | Pneumatic Tube System Market Research Report |
Market Size in 2023 | USD 2,372.90 million |
Market Forecast in 2032 | USD 4,097.70 million |
Growth Rate | CAGR of 6.38% |
Number of Pages | 110 |
Key Companies Covered | Swisslog Holding, Kelly Systems, Eagle Pneumatic, Siebtechnik, Airlink International, Aerocom Systems, Pevco, Quirepace, Telecom Bedrijfscommunicatie, and Hamilton Security. |
Segments Covered | By System Type, By System Configuration, By Function , By End-User, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Pneumatic tube networks are very much prevalent in North American countries, where they are used in banks to transport cash and official papers between cash carrying cars and bankers. Hospitals also make use of the pneumatic tubes to deliver drugs and specimens to and from laboratories in a much easier and faster way. Owing to easy installation and low operating cost of these systems, they are widely accepted in various industries such as manufacturing, entertainment, and healthcare, among other industries.
Some of the key players operating in the global pneumatic tube system market include:
Global Pneumatic Tube System Market: System Type Segment Analysis
Global Pneumatic Tube System Market: System Configuration Analysis
Global Pneumatic Tube System Market: Function Analysis
Global Pneumatic Tube System Market: End-User Segment Analysis
Global Pneumatic Tube System Market: Regional Segment Analysis
FrequentlyAsked Questions
The pneumatic tubes, also known by the name of capsule pipelines, are specially designed tubes which are utilized to force cylindrically shaped containers through systems of tubes with the help of compressed air or through partial vacuum.
According to study, the Pneumatic Tube System Market size was worth around USD 2,372.90 million in 2023 and is predicted to grow to around USD 4,097.70 million by 2032.
The CAGR value of Pneumatic Tube System Market is expected to be around 6.38% during 2024-2032.
North America has been leading the Pneumatic Tube System Market and is anticipated to continue on the dominant position in the years to come.
The Pneumatic Tube System Market is led by players like Swisslog Holding, Kelly Systems, Eagle Pneumatic, Siebtechnik, Airlink International, Aerocom Systems, Pevco, Quirepace, Telecom Bedrijfscommunicatie, and Hamilton Security.
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