U.S.: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in the U.S.

The U.S. pneumatic linear acting actuator market expanded markedly to $X in 2022, rising by 7.2% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 -2.9% 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 the U.S.

In value terms, pneumatic linear acting actuator production rose notably to $X in 2022. Overall, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from the U.S.

In 2022, shipments abroad of pneumatic linear acting actuators increased by 6.4% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator exports expanded markedly to $X in 2022. Over the period under review, total exports indicated buoyant growth 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, exports increased by +40.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Canada (X units) was the main destination for pneumatic linear acting actuator exports from the United States, accounting for a 55% share of total exports. Moreover, pneumatic linear acting actuator exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), threefold. Australia (X units) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-4.2% per year) and Australia (-5.6% per year).

In value terms, Canada ($X) remains the key foreign market for pneumatic linear acting actuators exports from the United States, comprising 45% of total exports. The second position in the ranking was taken by Mexico ($X), with a 19% share of total exports. It was followed by Australia, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.9% per year) and Australia (+5.0% per year).

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, rising by 5.4% against the previous year. Over the period under review, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2020 an increase of 164%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Australia ($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 Belgium (+43.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into the U.S.

In 2022, the amount of pneumatic linear acting actuators imported into the United States was estimated at X units, remaining constant against the year before. Over the period under review, imports, however, recorded a slight downturn. The growth pace was the most rapid in 2021 with an increase of 40%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, pneumatic linear acting actuator imports amounted to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +58.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Mexico (X units) constituted the largest pneumatic linear acting actuator supplier to the United States, accounting for a 58% share of total imports. Moreover, pneumatic linear acting actuator imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. India (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.7% per year) and India (+12.5% per year).

In value terms, Mexico ($X) constituted the largest supplier of pneumatic linear acting actuators to the United States, comprising 40% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.8% per year) and Japan (+5.5% per year).

Import Prices by Country

In 2022, the average pneumatic linear acting actuator import price amounted to $X per unit, picking up by 4.9% against the previous year. In general, the import price recorded a strong increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 119% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+36.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :