China pneumatic and sealing products market: 23.6% CAGR growth forecast between 2012-45
Pneumatic and Sealing Products Market in China 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-28 23:59:03
The China pneumatic products market is to grow at a CAGR of 23.60 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for pneumatic and sealing products from various end-user industries. The Pneumatic and Sealing Products market in China has also been witnessing rapid technological advancements. However, the increasing vendor competition in the market could pose a challenge to the growth of this market.
One of the major trends in the Pneumatic and Sealing Products market in China is the shift from electric power tools to pneumatic tools. Pneumatic tools have replaced electric power tools in many applications. One of the main reasons for end-users to adopt pneumatic tools over electric power tools is that they are lighter and smaller in size than electric power tools. Pneumatic tools could be used over a longer period of time also. Moreover, pneumatic tools are ideal for operations in volatile environments, since there is no fear of spillage and leakage when hydraulic tools are used.
One of the major drivers in the market in China is the increasing demand for these products from downstream industries. Pneumatic and sealing products are an inevitable part of many downstream industries, such as the Construction and Automotive industries.
One of the major challenges in the market is the increasing competition in the Pneumatic and Sealing Products market. Vendors find it difficult to differentiate their products from others, and are forced to reduce the price of the products in order to cope in the competitive market.
The key vendors dominating this space include Camozzi S.p.A., CKD Corp., Dandong Colossus Group Co. Ltd., Freudenberg & Co. KG, John Crane Inc., Qingdao TKS Sealing Industry Co. Ltd., Wuxi HuaTong Pneumatic Manufacturing Co., Ltd., and Zhaoqing Fangda Pneumatic Co., Ltd. The other vendors are AIGI Industrial Group of Companies Ltd., Anhui Zhongding Sealing Parts Co. Ltd., China Pneumatic Corp., Cixi Hengli Packing & Sealing Co., Ltd., Dongguan Cnisoo Spraying Tools Co. Ltd., Eagle Burgmann Industries Inc., Fenghua Xinchao Automatization Component Co. Ltd., Festo Corp., MFC Sealing Technology Co. Ltd., Ningbo Jiaerling Pneumatic Machinery Co., Ltd., SMC Corp., Zhejiang Fore Machinery & Electronic Co. Ltd., and Zhejiang Rongpeng Air Tools Co. Ltd.
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