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Global Rotary Actuator Market Share, Size, Analysis, Trends, Forecast: By Product: Hydraulic Rotary Actuator, Electric Rotary Actuator, Pneumatic Rotary Actuator; By Application: Metal and Mining, Oil and Gas, Construction, Industrial, Agriculture; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Rotary Actuator Market Outlook
The global rotary actuator market size is expected to grow at a CAGR of 6.10% between 2023 and 2028. The major drivers of the market include rise of industrial automation and growth of aerospace and oil and gas industries.
Key Trends in the Market
A rotary actuator is a manual, fuel powered, or electrical device whose primary function is to convert electrical energy into oscillatory and rotary motion. Rotary actuators are used for operating automatic and manual valves and are designed for heavy duty motion and high torque applications, among others.
- The key rotary actuator market trends include increased incorporation of rotary actuators by various manufacturers in their assembly units in order to increase the efficiency and quality of product process. They are also extensively used in the control and monitoring of industrial automation processes involving raw materials to obtain desired end products.
- Another crucial trend aiding the precision rotary actuator market growth is the growing adoption of rotary actuators by various end user industries. Due to their mechanical stiffness and high force capabilities, rotary actuators are used in the aerospace industry, semiconductor production, defence industry, oil and gas manufacturing units, and packaging industry, among others.
- The growing automotive industry is another key trend propelling the growth of the rotary actuators market. Rotary actuators are heavily employed in the automotive industry due to their applications in movement control of valves and flaps in exhaust and engine systems along with their usage in suspension systems and power steering.
Global Rotary Actuator Market Analysis
On the basis of product, the market is segregated into hydraulic rotary actuator, electric rotary actuator, and pneumatic rotary actuator. Based on application, the market is classified into metal and mining, oil and gas, construction, industrial, and agriculture. By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global rotary actuator market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- SMC Corporation of America
- Emerson Electric Co.
- Parker Hannifin Corp
- Festo Ltd.
- ABB Ltd.
- Bosch Rexroth Corporation
- Norgren Ltd.
- MISUMI Corporation
- Moog Inc.
- IMI Kynoch Limited
- Others
Global Rotary Actuator Market Share by Product
Pneumatic rotary actuators are expected to hold a significant share of the market over the forecast period. Due to their low costs, energy saving features, and quick response time, pneumatic rotary actuators are replacing manual levers across various manufacturing industries. Pneumatic rotary actuators also provide greater reliability and efficiency over manual gears and are also employed in mechanical arm rotational systems as they aid in changing the angle of rotation.
Global Rotary Actuator Market Share by Region
Asia Pacific is anticipated to account for a major share of the rotary actuator market supported by rising investments by countries such as Japan and China to implement automation coupled with development of technologically advanced rotary actuators. The growing adoption of these devices by various industries due to their mechanical stiffness and high force capabilities is another factor fuelling the rotary actuator market in the Asia Pacific.
Competitive Landscape
SMC Corporation of America is an automation machinery manufacturing company founded in 1959 and headquartered in Indiana, United States. They are global leaders in manufacturing pneumatic technology, providing air cylinders, airline equipment, regulators, and solenoid valve, among others.
Emerson Electric Co. is an industrial machinery manufacturing company that was founded in 1890 and is based in Missouri, United States. Their wide range of manufacturing expertise, technological innovation, and industrial knowledge makes them one of the global leaders in the industry.
Parker Hannifin Corp, founded in 1917 and headquartered in Ohio, United States, is an industrial machinery manufacturing company. They are one of the global leaders in control and motion technologies and one of the largest producers of hydraulic, aerospace, and fluid and gas handling products, among others.
Other market players include Festo Ltd., ABB Ltd., Bosch Rexroth Corporation, Norgren Ltd., MISUMI Corporation, Moog Inc., and IMI Kynoch Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
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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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*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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Rotary Actuator Market Analysis
8.1 Key Industry Highlights
8.2 Global Rotary Actuator Historical Market (2018-2022)
8.3 Global Rotary Actuator Market Forecast (2023-2028)
8.4 Global Rotary Actuator Market by Product
8.4.1 Hydraulic Rotary Actuator
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Electric Rotary Actuator
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Pneumatic Rotary Actuator
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Rotary Actuator Market by Application
8.5.1 Metal and Mining
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Oil and Gas
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Construction
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Industrial
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Agriculture
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.6 Global Rotary Actuator Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Rotary Actuator Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Rotary Actuator Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Rotary Actuator Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Rotary Actuator Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Rotary Actuator Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 SMC Corporation of America
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Emerson Electric Co.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Parker Hannifin Corp
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Festo Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ABB Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Bosch Rexroth Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Norgren Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 MISUMI Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Moog Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 IMI Kynoch Limited
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Rotary Actuator Market: Key Industry Highlights, 2018 and 2028
2. Global Rotary Actuator Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Rotary Actuator Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Rotary Actuator Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Rotary Actuator Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Rotary Actuator Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Rotary Actuator Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Rotary Actuator Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Rotary Actuator Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Rotary Actuator Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Rotary Actuator Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Rotary Actuator Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Rotary Actuator Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Rotary Actuator Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Rotary Actuator Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Rotary Actuator Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Rotary Actuator Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Rotary Actuator Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 6.10% between 2023 and 2028.
The major market drivers include increased incorporation of rotary actuators by various manufacturers, growing adoption of rotary actuators by various end user industries, and growth of aerospace and oil and gas industries.
The key trends fuelling the growth of the market include rise of industrial automation, advancements in technology, and growing automotive industry.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
A rotary actuator transforms various forms of energy such as hydraulic, electrical, and pneumatic into mechanical rotation.
The significant products of rotary actuators in the market are hydraulic rotary actuator, electric rotary actuator, and pneumatic rotary actuator.
The various applications of rotary actuators include metal and mining, oil and gas, construction, industrial, and agriculture.
The key players in the global rotary actuator market are SMC Corporation of America, Emerson Electric Co., Parker Hannifin Corp, Festo Ltd., ABB Ltd., Bosch Rexroth Corporation, Norgren Ltd., MISUMI Corporation, Moog Inc., and IMI Kynoch Limited, among others.
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