Airtac growth set to accelerate in 2026 on pricing power gain and demand

Airtac International Group (TPE: 1590) is poised for double-digit growth in 2026, as demand from electronics, battery and automotive customers strengthens alongside an anticipated restocking cycle across China’s industrial sector.

The company, which produces pneumatic equipment, industrial automation components and linear guides used across automotive, electronics, medical and packaging applications, is expected to see revenue rising 23% year-on-year to NT$42.2 billion in 2026, driven by strong demand in electronics, batteries, and auto. The outlook also benefits from Airtac’s gradual expansion into higher-growth end-markets, including lithium batteries, solar equipment and semiconductor manufacturing, where demand for automated pneumatic systems has been rising in line with ongoing electrification and chip capacity build-out.

A key driver of the upgrade is also Airtac’s improving pricing power. Airtac’s growing brand strength in China has narrowed its historical discount to Japanese peers, allowing it to compete more on performance than price. Average selling prices are expected to rise 15% in 2026 to NT$166, a marked acceleration from low single-digit gains over the past couple of years, when the company typically traded at a 30–50% discount to comparable Japanese manufacturers.

At the same time, volumes are projected to remain solid, with shipments expected to increase 16% to 283,253K units in 2026. The combination of firmer pricing and steady volume growth is expected to drive a more balanced growth profile than in prior cycles, when expansion was driven largely by market share gains achieved through aggressive discounting.

 This article was published by Visible Alpha, part of S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.