Northern America: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Northern America

The North American pneumatic linear acting actuator market rose markedly to $X in 2022, with an increase of 7.3% against the previous year. The total consumption indicated buoyant 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, consumption decreased by -1.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Pneumatic Linear Acting Actuators in Northern America

In value terms, pneumatic linear acting actuator production expanded notably to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 -8.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in Northern America

In 2022, overseas shipments of pneumatic linear acting actuators were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt setback. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports expanded sharply to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States was the largest exporting country with an export of about X units, which finished at 65% of total exports. It was distantly followed by Canada (X units), achieving a 35% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of +3.2%).

In value terms, the United States ($X) remains the largest pneumatic linear acting actuator supplier in Northern America, comprising 89% of total exports. The second position in the ranking was taken by Canada ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +5.8%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, reducing by -3.3% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The pace of growth was the most pronounced in 2020 when the export price increased by 125% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.4%).

Imports of Pneumatic Linear Acting Actuators

Imports in Northern America

In 2022, approx. X units of pneumatic linear acting actuators were imported in Northern America; surging by 10% compared with the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports stood at $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X units) and Canada (X units) represented the main importer of pneumatic linear acting actuators in Northern America, comprising 99.9% of total import.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +6.4%).

In value terms, the United States ($X) constitutes the largest market for imported pneumatic linear acting actuators in Northern America, comprising 77% of total imports. The second position in the ranking was held by Canada ($X), with a 23% share of total imports.

In the United States, pneumatic linear acting actuator imports increased at an average annual rate of +6.8% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, approximately equating the previous year. In general, the import price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when the import price increased by 79%. The level of import peaked at $X per unit in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.8%).

Source: IndexBox Platform

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