Air Motor Market to Reach USD 788.81 Million by 2024, Altra Industrial Motion Corp. and Atlas Copco AB Emerge as a Key Contributors to Growth| Technavio

Technavio has been monitoring the air motor market and it is poised to grow by USD 788.81 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Air Motor Market 2020-2024 (Graphic: Business Wire)

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This Report Addresses:

• The market size from 2020-2024
• Expected market growth until 2024
• Forecast of how market drivers, restraints, and future opportunities will affect the market dynamics
• Segments and regions that will drive or lead market growth and why
• Comprehensive mapping of the competitive landscape
• In-depth analysis of key sustainability strategies adopted by market players

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Frequently Asked Questions-

• What are the major trends in the market?
• Increasing focus on reducing overall air consumption by air motors is one of the major trends in the market.

• At what rate is the market projected to grow?
• Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 788.81 million.

• Who are the top players in the market?
• Altra Industrial Motion Corp., Atlas Copco AB, DEPRAG SCHULZ GmbH u. Co., GLOBE Benelux BV, IDEX Corp., Ingersoll-Rand Plc, Jergens Inc., MD Drucklufttechnik GmbH & Co. KG, PARKER HANNIFIN Corp., and Stryker Corp. are some of the major market participants.

• What are the key market drivers and challenges?
• Increasing number of applications in tools is one of the major factors driving the market. However, the fluctuating price of raw materials restraints the market growth.

• How big is the APAC market?
• The APAC region will contribute 39% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Altra Industrial Motion Corp., Atlas Copco AB, DEPRAG SCHULZ GmbH u. Co., GLOBE Benelux BV, IDEX Corp., Ingersoll-Rand Plc, Jergens Inc., MD Drucklufttechnik GmbH & Co. KG, PARKER HANNIFIN Corp., and Stryker Corp. are some of the major market participants. The increasing number of applications in tools will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Air Motor Market 2020-2024: Segmentation

Air Motor Market is segmented as below:

• Type
  • Vane Air Motor
  • Piston Air Motors and Gear Air Motor
• Geographic Landscape
  • APAC
  • Europe
  • North America
  • South America
  • MEA

Air Motor Market 2020-2024: Scope

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 Analysis

This study identifies an increasing focus on reducing overall air consumption by air motors as one of the prime reasons driving the air motor market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Air Motor Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist air motor market growth during the next five years
• Estimation of the air motor market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the air motor market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of air motor market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Five force summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• Vane air motor - Market size and forecast 2019-2024
• Piston air motor - Market size and forecast 2019-2024
• Gear air motor - Market size and forecast 2019-2024
• Market opportunity by Type

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Volume driver - Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Altra Industrial Motion Corp.
• Atlas Copco AB
• DEPRAG SCHULZ GmbH u. Co.
• GLOBE Benelux BV
• IDEX Corp.
• Ingersoll-Rand Plc
• Jergens Inc.
• MD Drucklufttechnik GmbH & Co. KG
• PARKER HANNIFIN Corp.
• Stryker Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201006005494/en/