The pneumatic tube system market is expected to grow from USD 1.9 billion in 2019 to USD 2.6 billion by 2024, at a CAGR of 6.9%. The market is mainly driven by factors such as demand for automation in material handling across industries, growing medical automation for reproducibility and accuracy, emerging e-commerce industry, and enhanced productivity enabled by improved supply chain processes.
The pneumatic tube system market is highly competitive with the presence of numerous big and small players. The market is dominated by the companies in the Americas, followed by those in Europe and APAC. As of 2018, the pneumatic tube system market was dominated by Swisslog Holding (Switzerland), Aerocom Systems (US), Pevco (US), Quirepace (UK), and Eagle Pneumatics (US). While the big players dominate the market through their brand image, the small players offer low-cost components and generate pricing pressure in the market. As of 2018, other pneumatic tube system players were Kelly Systems (US), Telecom Bedrijfscommunicatie (Netherlands), Siebtechnik (Germany), Hamilton Security (US), Airlink International (US), Hanazeder Electronic (Austria), Colombo Pneumatic Tube Systems (US), Hanter Ingenjörsteknik (Sweden), Oppent (Italy), S&S Engineering (Japan), Air-Log (Germany), Thalmayr (Austria), Zip Pneumatics (US), Lamson Group (US), and Sumetzberger (US).
Players in the pneumatic tube system market have adopted the strategies of product launches, acquisitions, and expansions to increase their geographic reach, enhance and diversify their product portfolio, cater to the unmet and growing needs of customers, expand sales and distribution networks, reduce manufacturing costs, increase market share, and strengthen their position in the global market.
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Top 2 players in the pneumatic tube system market:
Swisslog Holding (Switzerland) engages in designing, developing, and delivering automation solutions for healthcare and logistics. The company was founded in 1900 and currently operates as a wholly owned subsidiary of KUKA Group (Germany) with its headquarters in Buchs, Switzerland. Swisslog operates its business through healthcare solutions (HCS) and logistics automation divisions. The HCS division offers supply chain solutions and services for the movement and processing of materials and medication within and throughout healthcare facilities and provides increased efficiency and enhanced patient experience. The logistics automation division delivers industry-specific solutions for automated warehouses and distribution centers; and provides consulting, software solutions, logistic equipment, general contracting, implementation, and lifetime support services. Recently, in August 2017, the company received a contract from dm-drogerie market, a chain of retail stores. Swisslog will be responsible for the intralogistics work for dm-drogerie market logistic center. Competec Group (Switzerland) and AMAG (an automotive dealer based in Switzerland) are the customers of Swisslog.
Aerocom Systems (Germany) is one of the leading players engaged in the design, development, manufacturing, and installation of pneumatic tube conveyor systems. The company was founded in 1956 and is headquartered in Schwäbisch Gmünd, Germany. Aerocom provides a wide range of pneumatic tube systems with customized requirements having single or multiple stations and zones. These systems are extensively used in commercial, industrial, and entertainment industries for different applications such as material-logistics and cash handling. The company also offers pneumatic tube system stations and components. The company has more than 60 years of experience in the pneumatic tube system technology with its factory outlets in Germany and sales office in Europe (Belgium, France, Italy, Spain, Switzerland, and Netherlands), Australia, and Indonesia. Pneumatic tube systems offered by the company have helped many industries modify their internal logistics.
Pneumatic Tube System Market by System Type, System Configuration (Multiline, Single-Line, & Point-to-Point), Function (Fully Automatic & Semi-Automatic), End User (Medical and Healthcare, Commercial, & Industrial), and Region - Global Forecast to 2024
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