LONDON--(BUSINESS WIRE)--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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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. To make the 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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The increasing number of applications in tools has been instrumental in driving the growth of the market. However, fluctuating prices of raw materials, slowdown in the manufacturing industry, and availability of substitute products might hamper the market growth.
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Air Motor Market 2020-2024: Segmentation
Air Motor Market is segmented as below:
- Vane Air Motor
- Piston Air Motors And Gear Air Motor
- North America
- South America And 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 Industry Analysis
This study identifies the 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:
- Market Overview
- Market ecosystem
- Value chain analysis
- 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
- 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
- Landscape disruption
- 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.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.