Thursday 23 April 2015, Amsterdam
The new report, now available on ASDReports, recognizes the following companies as the key players in the Global Pneumatic Equipment Market: Bosch Rexroth AG, CKD Corp., Festo Corp. and SMC Corp.
Other Prominent Vendors in the market are: Camozzi, Eaton, Emerson, Honeywell, Rockwell Collins and Siemens.
Commenting on the report, an analyst from the report's team said: “One of the major trends in this market is the increase in the outsourcing of manufacturing activities to the APAC region. The APAC region offers various advantages such as a low labor cost, availability of skilled labor, increased investment in infrastructure development, and government support for pneumatic equipment vendors.”
According to the report, one of the major drivers of this market is the demand for material handling and mining equipment. Pneumatic equipment is mainly used in material handling applications in the Automotive, Construction, Food and Beverages, Retail, Metallurgy, and Power industries.
Further, the report states that one of the major challenges faced by the market is the high cost of pneumatic equipment. The total cost of ownership of pneumatic equipment increases because of the additional cost of pneumatic accessories needed for proper functioning of the equipment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.