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Global Actuators Market: By Actuation: Electrical, Hydraulic, Pneumatic, Others; By Type: Linear Actuators, Rotary Actuators; By Application: Industrial Automation, Robotics, Vehicles and Equipment; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Actuators Market Outlook

In 2020, the size of the actuators market was estimated at USD 48.7 billion and is projected to reach USD 74.8 billion by 2026, growing at a CAGR of 7.41% in the 2021-2026 forecast period.

 

Global Actuators Market

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The global actuators market is driven by the need to enhance productivity and the rising downtime in the industrial plants and the growing manufacturing activities across the globe.

 

Properties and Applications

An actuator refers to a component of the machine, which ensures mobility and control over a mechanism or system. For instance, opening up of valve. It requires a source of energy and a control signal.

 

Global Actuators Market By Application

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The global actuators market can be divided on the basis of segments like actuation, type, application, and region.

The global actuators market can be broadly categorised on the basis of actuation into:

  • Electrical 
  • Hydraulic 
  • Pneumatic 
  • Others

The global actuators market can be divided based on types as:

  • Linear Actuators 
  • Rod Type Linear Actuators
  • Screw Type Linear Actuators
  • Belt Type Linear Actuators
  • Rotary Actuators 
  • Motors
  • Bladder and Vane
  • Piston Type

The global actuators market can be segmented based on applications as:

  • Industrial Automation 
  • Robotics 
  • Vehicles and Equipment
  • Others

The EMR report looks into the regional markets of actuators such as North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.

 

Global Actuators Market By Region

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Global Actuators Market Analysis

The creation of advanced and price-effective actuators, along with the rising demand for robotics and process automation in various industrial segments, are some of the factors that affect the actuators market growth. In the forecast period, the linear segment is expected to grow at the highest CAGR. The linear actuators are primarily used in automation applications. They are used in various industries, where positioning is required. The demand for actuators has grown significantly, and this trend is expected to continue over the forecast period.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global actuators market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Rockwell Automation Inc.
  • Moog Inc. (NYSE: MOG.A)
  • SMC Corporation 
  • Curtis Wright 
  • IMI PLC
  • Altra Industrial Motion
  • Tolomatic
  • Venture Mfg. Co.

The EMR report gives an in-depth insight into the global actuators market by providing a SWOT analysis, as well as an assessment of Porter's Five Forces.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Actuation, Type, Application, Region
Breakup by Actuation Electrical, Hydraulic, Pneumatic, Others
Breakup by Type Linear Actuators, Rotary Actuators
Breakup by Application Industrial Automation, Robotics, Vehicles and Equipment, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Rockwell Automation Inc., ROK (NYSE), Moog Inc., MOG.A (NYSE), SMC Corporation, 6273 (TYO), Curtis Wright (Exlar), IMI PLC, IMI (LON), Altra Industrial Motion, AIMC (NASDAQ), Tolomatic, Venture Mfg. Co.
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key findings of the Study
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Inference Data 
3    Executive Summary
    3.1    Market Overview
    3.2    Market Analysis
4    Global Actuators Market Analysis
    4.1    Global Actuators Historical Historical Market (2016-2020) & Forecast (2021-2026)
    4.2    Global Actuators Market Breakup by Actuation
        4.2.1    Electrical 
        4.2.2    Hydraulic 
        4.2.3    Pneumatic 
        4.2.4    Others
    4.3    Global Actuators Market Breakup by Actuation: Historical Market (2016-2020) & Forecast (2021-2026)
        4.3.1    Electrical 
        4.3.2    Hydraulic 
        4.3.3    Pneumatic 
        4.3.4    Others
    4.4    Global Actuators Market Breakup by Type
        4.4.1    Linear Actuators 
            4.4.1.1    Rod Type Linear Actuators
            4.4.1.2    Screw Type Linear Actuators
            4.4.1.3    Belt Type Linear Actuators
        4.4.2     Rotary Actuators 
            4.4.2.1    Motors
            4.4.2.2    Bladder & Vane
            4.4.2.3    Piston Type
    4.5    Global Actuators Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
        4.5.1    Linear Actuators 
            4.5.1.1    Rod Type Linear Actuators
            4.5.1.2    Screw Type Linear Actuators
            4.5.1.3    Belt Type Linear Actuators
        4.5.2    Rotary Actuators 
            4.5.2.1    Motors
            4.5.2.2    Bladder & Vane
            4.5.2.3    Piston Type
    4.6    Global Actuators Market Breakup by Application
        4.6.1    Industrial Automation
        4.6.2    Robotics 
        4.6.3    Vehicles and Equipment
        4.6.4    Others
    4.7    Global Actuators Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        4.7.1    Industrial Automation  
        4.7.2    Robotics 
        4.7.3    Vehicles and Equipment
        4.7.4    Others
    4.8    Global Actuators Market Breakup by Region
        4.8.1    North America
            4.8.1.1    United States of America
            4.8.1.2    Canada
        4.8.2    Europe
            4.8.2.1    Germany
            4.8.2.2    United Kingdom
            4.8.2.3    France
            4.8.2.4    Italy
            4.8.2.5    Others
        4.8.3    Asia Pacific
            4.8.3.1    China
            4.8.3.2    Japan
            4.8.3.3    India
            4.8.3.4    ASEAN
            4.8.3.5    Others
        4.8.4    Latin America
            4.8.4.1    Brazil
            4.8.4.2    Argentina
            4.8.4.3    Mexico
            4.8.4.4    Others
        4.8.5    Middle East & Africa
            4.8.5.1    Saudi Arabia
            4.8.5.2    United Arab Emirates
            4.8.5.3    Nigeria
            4.8.5.4    South Africa
            4.8.5.5    Others
    4.9     Global Actuators Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        4.9.1    North America
            4.9.1.1    United States of America
            4.9.1.2    Canada
        4.9.2    Europe
            4.9.2.1    Germany
            4.9.2.2    United Kingdom
            4.9.2.3    France
            4.9.2.4    Italy
            4.9.2.5    Others
        4.9.3    Asia Pacific
            4.9.3.1    China
            4.9.3.2    Japan
            4.9.3.3    India
            4.9.3.4    ASEAN
            4.9.3.5    Others
        4.9.4    Latin America
            4.9.4.1    Brazil
            4.9.4.2    Argentina
            4.9.4.3    Mexico
            4.9.4.4    Others
        4.9.5    Middle East & Africa
            4.9.5.1    Saudi Arabia
            4.9.5.2    United Arab Emirates
            4.9.5.3    Nigeria
            4.9.5.4    South Africa
            4.9.5.5    Others
5    SWOT Analysis
    5.1    Overview
    5.2    Strengths
    5.3    Weaknesses
    5.4    Opportunities
    5.5    Threats
6    Porter’s Five Forces Analysis
    6.1    Overview
    6.2    Buyer’s Power
    6.3    Supplier’s Power
    6.4    New Entrants
    6.5    Degree of Rivalry
    6.6    Substitutes
7    Key Players & Company Profiles
    7.1    Rockwell Automation Inc., ROK (NYSE)
    7.2    Moog Inc., MOG.A (NYSE)
    7.3    SMC Corporation, 6273 (TYO)
    7.4    Curtis Wright (Exlar) 
    7.5    IMI PLC, IMI (LON)
    7.6    Altra Industrial Motion, AIMC (NASDAQ)
    7.7    Tolomatic
    7.8    Venture Mfg. Co. 
8    Industry Events and Developments

Key Questions Answered in the Report

In 2020, the global actuators market attained a value of nearly USD 48.7 billion.

The industry is projected to grow at a CAGR of 7.41% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 74.8 billion by 2026.

The major drivers of the market, such as the growing demand to enhance productivity, rising downtime in the industrial plants, and the increased automation across different industries, are expected to aid the industry growth.

The key market trend guiding the growth of the industry include the rising availability of advanced and price-effective actuators, growing preference towards robotics in different sectors, and the rapid technological advancement.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading actuation segments in the market are electrical, hydraulic, and pneumatic, among others.

The significant types of actuators in the industry are linear actuators and rotary actuators.

The significant applications segments of the product in the market are industrial automation, robotics, and vehicles and equipment, among others.

The major players in the industry are Rockwell Automation Inc., Moog Inc., SMC Corporation, Curtis Wright, IMI PLC, Altra Industrial Motion, Tolomatic, and Venture Mfg. Co., among others.

Analyst Review

The global actuators market attained a value of USD 48.7 billion in 2020, driven by the rising downtime in the industrial plants and the increased automation across different industries. Aided by the growing adoption of robotics, accessibility to affordable actuators, and rapid technological advancement, the industry is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 7.41%. The industry is projected to reach USD 74.8 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of actuation, the industry is divided into electrical, hydraulic, pneumatic, and others. Based on type, the industry is broadly categorised into linear and rotary actuators. On the basis of application, the market has been divided into industrial automation, robotics, and vehicles and equipment, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Rockwell Automation Inc., Moog Inc., SMC Corporation, Curtis Wright, IMI PLC, Altra Industrial Motion, Tolomatic, Venture Mfg. Co., and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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