India: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in India

The Indian pneumatic linear acting actuator market reduced slightly to $X in 2022, standing approx. at the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +76.5% against 2012 indices. Pneumatic linear acting actuator consumption peaked at $X in 2021, and then fell in the following year.

Production of Pneumatic Linear Acting Actuators in India

In value terms, pneumatic linear acting actuator production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 52% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Exports of Pneumatic Linear Acting Actuators

Exports from India

In 2022, after four years of decline, there was significant growth in shipments abroad of pneumatic linear acting actuators, when their volume increased by 81% to X units. Overall, exports posted strong growth. The growth pace was the most rapid in 2015 when exports increased by 190%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, pneumatic linear acting actuator exports soared to $X in 2022. In general, exports recorded buoyant growth. The growth pace was the most rapid in 2015 when exports increased by 183% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for pneumatic linear acting actuator exports from India, accounting for a 34% share of total exports. Moreover, pneumatic linear acting actuator exports to Germany exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by the United Arab Emirates (X units), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.9% per year) and the United Arab Emirates (-10.9% per year).

In value terms, Germany ($X) remains the key foreign market for pneumatic linear acting actuators exports from India, comprising 36% of total exports. The second position in the ranking was taken by the United States ($X), with a 10% share of total exports. It was followed by China, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.7% per year) and China (+29.8% per year).

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, with a decrease of -13.2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 51%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pneumatic Linear Acting Actuators

Imports into India

For the eighth year in a row, India recorded growth in overseas purchases of pneumatic linear acting actuators, which increased by 2.4% to X units in 2022. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pneumatic linear acting actuator imports expanded to $X in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and Japan (X units) were the main suppliers of pneumatic linear acting actuator imports to India, together comprising 73% of total imports. The United States, Italy, Singapore, the UK and Austria lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +52.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic linear acting actuator suppliers to India were Germany ($X), China ($X) and Japan ($X), with a combined 73% share of total imports. The United States, Italy, Singapore, the UK and Austria lagged somewhat behind, together comprising a further 19%.

Singapore, with a CAGR of +49.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, flattening at the previous year. Overall, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 8.8%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and China ($X per unit), while the price for Singapore ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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