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Actuators Market

Global Actuators Market Analysis, Share, Trends, Forecast: By Actuation: Electrical, Hydraulic, Pneumatic, Others; By Type: Linear Actuators, Rotary Actuators; By Application: Industrial Automation, Robotics, Vehicles and Equipment, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Actuators Market Outlook

In 2023, the size of the actuators market was estimated at USD 60.34 billion and is projected to reach USD 114.82 billion by 2032, growing at a CAGR of 7.4% in the 2024-2032 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.

 

Market Segmentation

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.
  • SMC Corporation of America
  • Curtiss-Wright
  • IMI Critical Engineering 
  • Tolomatic, Inc.
  • Venture MFG. Co.
  • Others

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Rockwell Automation, Inc.
  • Moog Inc.
  • SMC Corporation of America
  • Curtiss-Wright
  • IMI Critical Engineering
  • Tolomatic, Inc.
  • Venture MFG. Co.
  • Others
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface     
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Actuators Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Actuators Historical Market (2018-2023)
    8.3    Global Actuators Market Forecast (2024-2032)
    8.4    Global Actuators Market by Actuation
        8.4.1    Electrical
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Hydraulic
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Pneumatic
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Actuators Market by Type
        8.5.1    Linear Actuators
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
            8.5.1.3    Breakup by Linear Actuator Type
                8.5.1.3.1    Rod Type Linear Actuators
                8.5.1.3.2    Screw Type Linear Actuators
                8.5.1.3.3    Belt Type Linear Actuators
        8.5.2    Rotary Actuators
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
            8.5.2.3    Breakup by Rotary Actuator Type
                8.5.2.3.1    Motors
                8.5.2.3.2    Bladder and Vane
                8.5.2.3.3    Piston Type
    8.6    Global Actuators Market by Application
        8.6.1    Industrial Automation
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Robotics
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Vehicles and Equipment
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others    
    8.7    Global Actuators Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Actuators Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Actuators Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Actuators Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Actuators Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Actuators Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Rockwell Automation, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Moog Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    SMC Corporation of America
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Curtiss-Wright
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    IMI Critical Engineering
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Tolomatic, Inc.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Venture MFG. Co.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Actuators Market: Key Industry Highlights, 2018 and 2032
2.    Global Actuators Historical Market: Breakup by Actuation (USD Billion), 2018-2023
3.    Global Actuators Market Forecast: Breakup by Actuation (USD Billion), 2024-2032
4.    Global Actuators Historical Market: Breakup by Type (USD Billion), 2018-2023
5.    Global Actuators Market Forecast: Breakup by Type (USD Billion), 2024-2032
6.    Global Actuators Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Actuators Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Actuators Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Actuators Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Actuators Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Actuators Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Actuators Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Actuators Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Actuators Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Actuators Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Actuators Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Actuators Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Actuators Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Actuators Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Actuators Market Structure

Key Questions Answered in the Report

In 2023, the global actuators market attained a value of nearly USD 60.34 billion.

The market is projected to grow at a CAGR of 7.40% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 114.82 billion by 2032.

The major drivers of the market are the growing demands to enhance productivity, rising downtime in the industrial plants, and increased automation across different industries.

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

The major regions in the market 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 market 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 actuators market are Rockwell Automation, Inc., Moog Inc., SMC Corporation of America, Curtiss-Wright, IMI Critical Engineering, Tolomatic, Inc., and Venture MFG. Co., among others.

Analyst Review

The global actuators market attained a value of USD 60.34 billion in 2023, 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 2024-2032, growing at a CAGR of 7.4%. The industry is projected to reach USD 114.82 billion by 2032.

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 of America, Curtiss-Wright, IMI Critical Engineering, Tolomatic, Inc., and and Venture MFG. Co., among 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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