Pneumatic Tube System Market - Global Forecast to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 13, 2019--The “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), & Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The Pneumatic Tube System Market is Expected To Reach USD 2.6 Billion by 2024 From USD 1.9 Billion in 2019, at a CAGR of 6.9%
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 act as major driving factors for the pneumatic tube system market
This growth can be attributed to 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. However, high installation and switching cost restrict the growth of the pneumatic tube system market.
Multiline is expected to hold the largest share of the overall pneumatic tube system market, by system configuration, during the forecast period
Multiline systems were initially used especially for hospitals owning to the high requirement of specimen to be present at the right time and at the right department. The market for multiline system is expected to grow at the highest CAGR during the forecast period. Multiline systems were especially designed for hospitals, but in recent times, these systems have become attractive to other end users as they cater to most requirements.
Medical and healthcare end user segment is expected to hold largest share of the overall pneumatic tube system market, during the forecast period
Though pneumatic tube system initially was developed for limited applications of sending letters, it’s been around for nearly a century now. The sophistication and capabilities provided by pneumatic tube systems have improved dramatically in the last decade. This in turn has increased the adoption of pneumatic tube system in medical and healthcare end user segment.
Americas to be largest shareholder in 2019, whereas APAC is expected to register highest CAGR during forecast period
The Americas is expected to account for a major share of the overall pneumatic tube system market in 2019. The Americas is the largest market for pneumatic tube systems due to hospitals, banks, government buildings, casinos, toll plazas, and other fields adopting these systems. Moreover, the growing emphasis of department connectivity, less time processing between courier sending and receiving boosted the demand for pneumatic tube systems in general.
The market in APAC is expected to grow at the highest CAGR during the forecast period. The high growth in this regional segment is mainly attributed to the regions’ fast-growing e-commerce industry, the booming manufacturing sector, and numerous planned installations of pneumatic tube systems, rising number of clinical research activities, and growing government expenditure on medical and healthcare facilities.
- Demand for Automation in Material Handling Across Industries
- Growing Medical Automation for Reproducibility and Accuracy
- Emerging E-Commerce Industry
- Enhanced Productivity Enabled By Improved Supply Chain Processes
- High Installation and Switching Cost
- Thriving Recycling and Waste Treatment Worldwide
- Technological Innovation With Improved Capabilities
- Survival of Small Players and New Entrants
- Air Link International
- Colombo Pneumatic Tube Systems
- Eagle Pneumatic
- Hamilton Security
- Hanazeher Electronics
- Hanter Ingenjorsteknik
- Kelly Systems
- Lamson Group
- S&S Engineering
- Swisslog Holding
- Telecom Bedrijfscommunicatie
- Zip Pneumatics
For more information about this report visit https://www.researchandmarkets.com/r/z0qqj1
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SOURCE: Research and Markets
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PUB: 05/13/2019 08:48 AM/DISC: 05/13/2019 08:48 AM