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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
The global actuators market size reached approximately USD 60.34 billion in 2023. The market is projected to grow at a CAGR of 7.4% between 2024 and 2032, reaching a value of around USD 114.82 billion by 2032.
Key Takeaways
- Electrical actuators offer excellent precision and repeatability in positioning, making them ideal for applications requiring meticulous motion control.
- Hydraulic actuators generate significant forces compared to their size, making them suitable for heavy-duty applications such as construction equipment.
- Pneumatic actuators operate at high speeds and with quick response times, making them suitable for applications requiring rapid movement.
An actuator refers to a component of the machine, which ensures mobility and control over a mechanism or system. They are fundamental parts of systems and devices across a wide range of industrial sectors, including automotive, manufacturing, and robotics. For instance, the opening up of a valve which requires a source of energy and a control signal from actuators.
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. As companies look to improve efficiency, reduce labour costs, and enhance precision, the role of actuators becomes more critical in enabling these technologies. The integration of smart technologies and the Internet of Things (IoT) into actuators allows for real-time monitoring, control, and diagnostics, leading to more efficient and reliable operations. This trend towards smarter, more connected systems drives the development of advanced actuators.
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Key Trends and Developments
Increased adoption of electric actuators; rising trend of miniaturisation; expansion of actuators in the renewable energy sector; and regulatory and environmental compliance are the major trends impacting the actuators market expansion
| Date | Company | News |
| Dec 2023 | Flowserve Corporation | Flowserve Corporation, a global supplier of flow control products and services for infrastructure markets, has unveiled the Limitorque QX Series B (QXb), a new quarter-turn smart electric actuator. |
| Sep 2023 | Aptar Beauty | Aptar Beauty has introduced a new series of aerosol actuators that do not require overcaps. This innovation by the company signifies a step towards more sustainable and user-friendly packaging solutions in the beauty sector. |
| Jul 2023 | Safran | Safran is set to purchase the actuation and flight control division of Collins Aerospace. The acquisition signifies Safran's ambition to strengthen its position in the aerospace sector by expanding its product portfolio. |
| Apr 2023 | Nidec Drive Technology Corporation | Nidec Drive Technology Corporation unveiled ultra-flat actuators, which incorporate FLEXWAVE, a precision-control reducer, and a motor. |
| Trends | Impact |
| Increased adoption of electric actuators | There is a growing preference for electric actuators over hydraulic and pneumatic types due to their higher efficiency, better control, lower maintenance, and environmental benefits. |
| Miaturisation of actuators | There is a growing demand for smaller, more compact actuators across various applications, from medical devices to consumer electronics. |
| Expansion of actuators in the renewable energy sector | The global shift towards renewable energy sources is driving the demand for actuators in wind turbines and solar tracking systems. |
| Regulatory and environmental compliance | As environmental regulations become stricter, there is an increased emphasis on reducing emissions and enhancing energy efficiency in industrial processes. |
Actuators Market Trends
The trend towards the miniaturisation of actuators is a significant development in the market, driven by the need for smaller, more efficient, and highly precise motion control solutions across various applications. The healthcare sector's push for minimally invasive surgeries and more compact, portable medical devices requires actuators that can operate in limited spaces with high precision. Miniaturised actuators enable the development of sophisticated medical instruments, implants, and diagnostic equipment.
As consumer electronics like smartphones, cameras, and wearables become smaller and more feature-packed, there is a demand for actuators that can perform tasks in very compact spaces and further contribute to the trend of miniturisation in actuators market.
The leading market players are focusing on launching improved product range that can deliver remarkable performance. In December 2023, Flowserve Corporation, recognised globally for providing flow control solutions and services tailored for infrastructure markets, introduced a cutting-edge development in their product line—the Limitorque QX Series B (QXb). This new offering represents a significant advancement in actuator technology, specifically designed for quarter-turn applications, which are movements typically required for valves that rotate through 90 degrees to open or close.
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Market Segmentation
“Actuators Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| Market Breakup | Categories |
| Actuation | Electrical, Hydraulic, Pneumatic, Others |
| Type | Linear Actuators, Rotary Actuators |
| Application | Industrial Automation, Robotics, Vehicles and Equipment, Others |
| Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Linear actuators are further categorised based on type into rod type, screw type, and belt type, while rotary actuators are sub-divided into motors, bladder and vane, and piston type.
Linear actuators account for a significant actuators market share owing to its growing usage for automation
In the forecast period, the linear segment is expected to grow at the highest CAGR. The linear actuators are primarily used in automation applications as well as other industrial sectors, where positioning is required. The healthcare sector's expanding reliance on advanced medical devices and equipment, such as adjustable beds, surgical tools, and diagnostic machines, also drives the demand for linear actuators as these applications often require high precision, reliability, and cleanliness, characteristics that linear actuators can provide.
Rotary actuators, devices that generate rotational motion, are essential components in various applications across multiple end-use sectors. The widespread push towards automation in manufacturing and industrial sectors significantly drives the demand for rotary actuators as these devices are crucial for machinery requiring precise rotational movement, such as conveyors, mixers, and robotic arms, facilitating efficient and automated processes. In the automotive sector, rotary actuators are used for numerous applications, including steering mechanisms, valve controls, and throttle systems.
Industrial automation maintains its dominance in the actuators market due to growing applications in diverse sectors
Industrial automation holds the major share of the market. The demand for actuators in industrial automation is driven by a wide range of applications across various manufacturing sectors, including automotive, electronics, food and beverage, pharmaceuticals, and more. Actuators are critical components in automated machinery, production lines, and control systems, facilitating the move towards more efficient, precise, and reliable manufacturing processes.
The actuators market growth is also driven by its applications in vehicles and equipment as the automotive sector, including both conventional and electric vehicles, relies heavily on actuators for numerous applications, such as braking systems, throttle control, steering mechanisms, and automated driving systems. Additionally, the broader vehicles and equipment category encompasses heavy machinery, aerospace, and marine vessels, all of which utilise actuators for various functions.
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Competitive Landscape
The market players are introducing novel products as well as focusing on mergers and acquisitions to gain a competitive edge in the market
| Company | Founded | Headquarters | Products |
| Rockwell Automation, Inc. | 1903 | Wisconsin, United States | Control systems, industrial control components, motor control devices, safety technology |
| Moog Inc. | 1951 | New York, United States | High-performance servo valves, actuators, motion control solutions |
| SMC Corporation of America | 1959 (Parent company) | Indiana, United States | Pneumatic and electric actuators, fittings, valves, air preparation equipment |
| Curtiss-Wright | 1929 | North Carolina, United States | Actuators, valves, pumps, electronics, sensors |
Other major players in the actuators market are IMI Critical Engineering, Tolomatic, Inc., and Venture MFG. Co., among others. These companies cater to various industrial sectors including automotive, aerospace, defence, industrial automation, healthcare, and consumer electronics.
Actuators Market Analysis by Region
North America holds a major share of the market. The region has a substantial manufacturing sector that is increasingly moving towards automation to enhance productivity, efficiency, and safety. Industrial sectors such as automotive, aerospace, food and beverage, and pharmaceuticals are integrating more automated systems that rely on actuators for precise control and movement, fueling the demand for these components. With the rise of electric vehicles (EVs) and autonomous vehicles, there is an increased need for various types of actuators, including those for electric braking systems, adaptive suspension, and automated driving assistance systems.
Meanwhile, the Asia Pacific is a global manufacturing hub, with countries like China and India leading in various manufacturing sectors, including electronics, automotive, textiles, and machinery. The push towards automation to enhance production efficiency and product quality is driving the demand for efficient systems in industrial applications, boosting the actuators market growth.
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:
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| Breakup by Actuation |
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 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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