TechNavio recognizes the following companies as the key players in the Pneumatic and Sealing Products Market in China: 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.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, 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.
Further, the report states that 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 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. For further information on this report, please visit https://www.technavio.com/report/pneumatic-and-sealing-products-market-ch…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Pneumatic and Sealing Products Market in China 2012-2016
