Actuators Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Actuators Market
The global actuators market size was valued at USD 41.62 billion in 2021 and is projected to grow from USD 44.60 billion in 2022 to USD 98.92 billion by 2029, exhibiting a CAGR of 12.05% during the forecast period of 2022-2029.
The pandemic disrupted the Actuators Market by inflicting delivery chain delays and slowing manufacturing in sectors like automobile and aerospace. However, it also improved the call for actuators in vital services, healthcare, and logistics, impeding the actuators market growth.
The Actuators Market is pushed through growing automation calls throughout industries, improvements in robotics and IoT, and a focus on power efficiency and sustainability. The increase of clever infrastructure and business applications similarly helps marketplace growth.
Energy efficiency is a crucial fashion in the actuators marketplace. Actuators are being designed with excessive-performance designs to reduce energy consumption and running expenses. Additionally, regenerative braking structures are being integrated into actuators to get better power and further enhance performance, expanding the actuators market share globally. This awareness of electricity efficiency aligns with the developing emphasis on sustainability and reducing environmental effects.
Comprehensive Analysis of Actuators Market
The Actuators Market is segmented through motion, kind, and end-use industries. The linear movement segment is expected to guide due to the call for business automation, even as the type section includes hydraulic, pneumatic, and electric actuators, with pneumatic currently dominating and electric projected to develop swiftly. In end-use industries, the automobile region is predicted to have the most crucial share, pushed by Industry 4.0 improvements and fantastic growth in aerospace and defense because of increasing aircraft deliveries and cutting-edge conflict technologies.
The North America region led the actuators market by benefitting a size of USD 12.87 billion in 2021 due to a nicely set up and expanding car industry, alongside aircraft production gadgets inside the vicinity; an increase is predicted.
The leading players in the actuators market significantly influence its growth trajectory and establish industry standards. Key companies, including ABB (Zurich, Switzerland), MISUMI (Tokyo, Japan), TAMAGAWA SEIKI Co. Ltd. (Nagano, Japan), Moog Inc. (New York, U.S.), Eaton Corporation Inc. (Ohio, U.S.), Rockwell Automation, Inc. (Wisconsin, U.S.), SMC Corporation (Tokyo, Japan), Emerson Electric Co. (Missouri, U.S.), Parker Hannifin Corporation (Ohio, U.S.), Curtiss-Wright Corporation (North Carolina, U.S.), Rotork PLC (Bath, U.K.), and Venture MFG Co. (Ohio, U.S.), contribute to a competitive landscape, driving innovation and advancing the market.
In January 2021, Curtiss-Wright Corporation's actuation department brought its modern-day ASSIGN™ motor application for the Exlar FTP and FTX Series actuators. These actuators are correctly suitable for numerous factory automation applications.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD billion)
Segmentation Motion; Type; End-Use Industry and Geography
By Motion
Linear
Rotary
By Type
Hydraulic
Pneumatic
Electric
Others
By End-Use Industry
Aerospace & Defense
Automotive
Construction
Chemicals
Food & Beverages
Healthcare & Pharmaceuticals
Marine
Mining
Oil & Gas
Power Generation
Others
By Geography
North America (By Motion, Type, End-Use Industry, Country)
U.S. (By End-Use Industry)
Canada (By End-Use Industry)
Europe (By Motion, Type, End-Use Industry, Country)
U.K. (By End-Use Industry)
Germany (By End-Use Industry)
France (By End-Use Industry)
Italy (By End-Use Industry)
Spain (By End-Use Industry)
Russia (By End-Use Industry)
Rest of Europe (By End-Use Industry)
Asia Pacific (By Motion, Type, End-Use Industry, Country)
China (By End-Use Industry)
Japan (By End-Use Industry)
India (By End-Use Industry)
Australia (By End-Use Industry)
Rest of Asia Pacific (By End-Use Industry)
Rest of the World (By Motion, Type, End-Use Industry, Sub-Region)
The Middle East & Africa (By End-Use Industry)
Latin America (By End-Use Industry)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Key Industry Developments –Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Quantitative Insights- Impact of COVID-19 Pandemic on Global Actuators Market
- 5.1. Impact of the COVID-19 pandemic on the Global Actuators Market
- 5.2. Steps taken by Industry/ Companies/ Governments to overcome the impact
- 5.3. Potential opportunities due to COVID-19 Outbreak
- 6. Global Actuators Market Analysis, Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast - By Motion
- 6.2.1. Linear
- 6.2.2. Rotary
- 6.3. Market Size Estimates and Forecast - By Type
- 6.3.1. Hydraulic
- 6.3.2. Pneumatic
- 6.3.3. Electric
- 6.3.4. Others
- 6.4. Market Size Estimates and Forecast - By End-Use Industry
- 6.4.1. Aerospace & Defense
- 6.4.2. Automotive
- 6.4.3. Construction
- 6.4.4. Chemicals
- 6.4.5. Food & Beverages
- 6.4.6. Healthcare & Pharmaceuticals
- 6.4.7. Marine
- 6.4.8. Mining
- 6.4.9. Oil & Gas
- 6.4.10. Power Generation
- 6.4.11. Others
- 6.5. Market Size Estimates and Forecast - By Region
- 6.5.1. North America
- 6.5.2. Europe
- 6.5.3. Asia Pacific
- 6.5.4. Rest of the World
- 7. North America Actuators Market Analysis, Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast - By Motion
- 7.2.1. Linear
- 7.2.2. Rotary
- 7.3. Market Size Estimates and Forecast - By Type
- 7.3.1. Hydraulic
- 7.3.2. Pneumatic
- 7.3.3. Electric
- 7.3.4. Others
- 7.4. Market Size Estimates and Forecast - By End-Use Industry
- 7.4.1. Aerospace & Defense
- 7.4.2. Automotive
- 7.4.3. Construction
- 7.4.4. Chemicals
- 7.4.5. Food & Beverages
- 7.4.6. Healthcare & Pharmaceuticals
- 7.4.7. Marine
- 7.4.8. Mining
- 7.4.9. Oil & Gas
- 7.4.10. Power Generation
- 7.4.11. Others
- 7.5. Market Analysis - By Country
- 7.5.1. U.S
- 7.5.1.1. By End-Use Industry
- 7.5.1.1.1. Aerospace & Defense
- 7.5.1.1.2. Automotive
- 7.5.1.1.3. Construction
- 7.5.1.1.4. Chemicals
- 7.5.1.1.5. Food & Beverages
- 7.5.1.1.6. Healthcare & Pharmaceuticals
- 7.5.1.1.7. Marine
- 7.5.1.1.8. Mining
- 7.5.1.1.9. Oil & Gas
- 7.5.1.1.10. Power Generation
- 7.5.1.1.11. Others
- 7.5.2. Canada
- 7.5.2.1. By End-Use Industry
- 7.5.2.1.1. Aerospace & Defense
- 7.5.2.1.2. Automotive
- 7.5.2.1.3. Construction
- 7.5.2.1.4. Chemicals
- 7.5.2.1.5. Food & Beverages
- 7.5.2.1.6. Healthcare & Pharmaceuticals
- 7.5.2.1.7. Marine
- 7.5.2.1.8. Mining
- 7.5.2.1.9. Oil & Gas
- 7.5.2.1.10. Power Generation
- 7.5.2.1.11. Others
- 8. Europe Actuators Market Analysis, Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast - By Motion
- 8.2.1. Linear
- 8.2.2. Rotary
- 8.3. Market Size Estimates and Forecast - By Type
- 8.3.1. Hydraulic
- 8.3.2. Pneumatic
- 8.3.3. Electric
- 8.3.4. Others
- 8.4. Market Size Estimates and Forecast - By End-Use Industry
- 8.4.1. Aerospace & Defense
- 8.4.2. Automotive
- 8.4.3. Construction
- 8.4.4. Chemicals
- 8.4.5. Food & Beverages
- 8.4.6. Healthcare & Pharmaceuticals
- 8.4.7. Marine
- 8.4.8. Mining
- 8.4.9. Oil & Gas
- 8.4.10. Power Generation
- 8.4.11. Others
- 8.5. Market Analysis - By Country
- 8.5.1. U.K.
- 8.5.1.1. By End-Use Industry
- 8.5.1.1.1. Aerospace & Defense
- 8.5.1.1.2. Automotive
- 8.5.1.1.3. Construction
- 8.5.1.1.4. Chemicals
- 8.5.1.1.5. Food & Beverages
- 8.5.1.1.6. Healthcare & Pharmaceuticals
- 8.5.1.1.7. Marine
- 8.5.1.1.8. Mining
- 8.5.1.1.9. Oil & Gas
- 8.5.1.1.10. Power Generation
- 8.5.1.1.11. Others
- 8.5.2. Germany
- 8.5.2.1. By End-Use Industry
- 8.5.2.1.1. Aerospace & Defense
- 8.5.2.1.2. Automotive
- 8.5.2.1.3. Construction
- 8.5.2.1.4. Chemicals
- 8.5.2.1.5. Food & Beverages
- 8.5.2.1.6. Healthcare & Pharmaceuticals
- 8.5.2.1.7. Marine
- 8.5.2.1.8. Mining
- 8.5.2.1.9. Oil & Gas
- 8.5.2.1.10. Power Generation
- 8.5.2.1.11. Others
- 8.5.3. France
- 8.5.3.1. By End-Use Industry
- 8.5.3.1.1. Aerospace & Defense
- 8.5.3.1.2. Automotive
- 8.5.3.1.3. Construction
- 8.5.3.1.4. Chemicals
- 8.5.3.1.5. Food & Beverages
- 8.5.3.1.6. Healthcare & Pharmaceuticals
- 8.5.3.1.7. Marine
- 8.5.3.1.8. Mining
- 8.5.3.1.9. Oil & Gas
- 8.5.3.1.10. Power Generation
- 8.5.3.1.11. Others
- 8.5.4. Italy
- 8.5.4.1. By End-Use Industry
- 8.5.4.1.1. Aerospace & Defense
- 8.5.4.1.2. Automotive
- 8.5.4.1.3. Construction
- 8.5.4.1.4. Chemicals
- 8.5.4.1.5. Food & Beverages
- 8.5.4.1.6. Healthcare & Pharmaceuticals
- 8.5.4.1.7. Marine
- 8.5.4.1.8. Mining
- 8.5.4.1.9. Oil & Gas
- 8.5.4.1.10. Power Generation
- 8.5.4.1.11. Others
- 8.5.5. Spain
- 8.5.5.1. By End-Use Industry
- 8.5.5.1.1. Aerospace & Defense
- 8.5.5.1.2. Automotive
- 8.5.5.1.3. Construction
- 8.5.5.1.4. Chemicals
- 8.5.5.1.5. Food & Beverages
- 8.5.5.1.6. Healthcare & Pharmaceuticals
- 8.5.5.1.7. Marine
- 8.5.5.1.8. Mining
- 8.5.5.1.9. Oil & Gas
- 8.5.5.1.10. Power Generation
- 8.5.5.1.11. Others
- 8.5.6. Russia
- 8.5.6.1. By End-Use Industry
- 8.5.6.1.1. Aerospace & Defense
- 8.5.6.1.2. Automotive
- 8.5.6.1.3. Construction
- 8.5.6.1.4. Chemicals
- 8.5.6.1.5. Food & Beverages
- 8.5.6.1.6. Healthcare & Pharmaceuticals
- 8.5.6.1.7. Marine
- 8.5.6.1.8. Mining
- 8.5.6.1.9. Oil & Gas
- 8.5.6.1.10. Power Generation
- 8.5.6.1.11. Others
- 8.5.7. Rest of Europe
- 8.5.7.1. By End-Use Industry
- 8.5.7.1.1. Aerospace & Defense
- 8.5.7.1.2. Automotive
- 8.5.7.1.3. Construction
- 8.5.7.1.4. Chemicals
- 8.5.7.1.5. Food & Beverages
- 8.5.7.1.6. Healthcare & Pharmaceuticals
- 8.5.7.1.7. Marine
- 8.5.7.1.8. Mining
- 8.5.7.1.9. Oil & Gas
- 8.5.7.1.10. Power Generation
- 8.5.7.1.11. Others
- 9. Asia-Pacific Actuators Market Analysis, Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast - By Motion
- 9.2.1. Linear
- 9.2.2. Rotary
- 9.3. Market Size Estimates and Forecast - By Type
- 9.3.1. Hydraulic
- 9.3.2. Pneumatic
- 9.3.3. Electric
- 9.3.4. Others
- 9.4. Market Size Estimates and Forecast - By End-Use Industry
- 9.4.1. Aerospace & Defense
- 9.4.2. Automotive
- 9.4.3. Construction
- 9.4.4. Chemicals
- 9.4.5. Food & Beverages
- 9.4.6. Healthcare & Pharmaceuticals
- 9.4.7. Marine
- 9.4.8. Mining
- 9.4.9. Oil & Gas
- 9.4.10. Power Generation
- 9.4.11. Others
- 9.5. Market Analysis - By Country
- 9.5.1. China
- 9.5.1.1. By End-Use Industry
- 9.5.1.1.1. Aerospace & Defense
- 9.5.1.1.2. Automotive
- 9.5.1.1.3. Construction
- 9.5.1.1.4. Chemicals
- 9.5.1.1.5. Food & Beverages
- 9.5.1.1.6. Healthcare & Pharmaceuticals
- 9.5.1.1.7. Marine
- 9.5.1.1.8. Mining
- 9.5.1.1.9. Oil & Gas
- 9.5.1.1.10. Power Generation
- 9.5.1.1.11. Others
- 9.5.2. India
- 9.5.2.1. By End-Use Industry
- 9.5.2.1.1. Aerospace & Defense
- 9.5.2.1.2. Automotive
- 9.5.2.1.3. Construction
- 9.5.2.1.4. Chemicals
- 9.5.2.1.5. Food & Beverages
- 9.5.2.1.6. Healthcare & Pharmaceuticals
- 9.5.2.1.7. Marine
- 9.5.2.1.8. Mining
- 9.5.2.1.9. Oil & Gas
- 9.5.2.1.10. Power Generation
- 9.5.2.1.11. Others
- 9.5.3. Japan
- 9.5.3.1. By End-Use Industry
- 9.5.3.1.1. Aerospace & Defense
- 9.5.3.1.2. Automotive
- 9.5.3.1.3. Construction
- 9.5.3.1.4. Chemicals
- 9.5.3.1.5. Food & Beverages
- 9.5.3.1.6. Healthcare & Pharmaceuticals
- 9.5.3.1.7. Marine
- 9.5.3.1.8. Mining
- 9.5.3.1.9. Oil & Gas
- 9.5.3.1.10. Power Generation
- 9.5.3.1.11. Others
- 9.5.4. Australia
- 9.5.4.1. By End-Use Industry
- 9.5.4.1.1. Aerospace & Defense
- 9.5.4.1.2. Automotive
- 9.5.4.1.3. Construction
- 9.5.4.1.4. Chemicals
- 9.5.4.1.5. Food & Beverages
- 9.5.4.1.6. Healthcare & Pharmaceuticals
- 9.5.4.1.7. Marine
- 9.5.4.1.8. Mining
- 9.5.4.1.9. Oil & Gas
- 9.5.4.1.10. Power Generation
- 9.5.4.1.11. Others
- 9.5.5. Rest of Asia-Pacific
- 9.5.5.1. By End-Use Industry
- 9.5.5.1.1. Aerospace & Defense
- 9.5.5.1.2. Automotive
- 9.5.5.1.3. Construction
- 9.5.5.1.4. Chemicals
- 9.5.5.1.5. Food & Beverages
- 9.5.5.1.6. Healthcare & Pharmaceuticals
- 9.5.5.1.7. Marine
- 9.5.5.1.8. Mining
- 9.5.5.1.9. Oil & Gas
- 9.5.5.1.10. Power Generation
- 9.5.5.1.11. Others
- 10. Rest of the World Actuators Market Analysis, Insights and Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast - By Motion
- 10.2.1. Linear
- 10.2.2. Rotary
- 10.3. Market Size Estimates and Forecast - By Type
- 10.3.1. Hydraulic
- 10.3.2. Pneumatic
- 10.3.3. Electric
- 10.3.4. Others
- 10.4. Market Size Estimates and Forecast - By End-Use Industry
- 10.4.1. Aerospace & Defense
- 10.4.2. Automotive
- 10.4.3. Construction
- 10.4.4. Chemicals
- 10.4.5. Food & Beverages
- 10.4.6. Healthcare & Pharmaceuticals
- 10.4.7. Marine
- 10.4.8. Mining
- 10.4.9. Oil & Gas
- 10.4.10. Power Generation
- 10.4.11. Others
- 10.5. Market Analysis - By Sub-Region
- 10.5.1. Latin America
- 10.5.1.1. By End-Use Industry
- 10.5.1.1.1. Aerospace & Defense
- 10.5.1.1.2. Automotive
- 10.5.1.1.3. Construction
- 10.5.1.1.4. Chemicals
- 10.5.1.1.5. Food & Beverages
- 10.5.1.1.6. Healthcare & Pharmaceuticals
- 10.5.1.1.7. Marine
- 10.5.1.1.8. Mining
- 10.5.1.1.9. Oil & Gas
- 10.5.1.1.10. Power Generation
- 10.5.1.1.11. Others
- 10.5.2. Middle East & Africa
- 10.5.2.1. By End-Use Industry
- 10.5.2.1.1. Aerospace & Defense
- 10.5.2.1.2. Automotive
- 10.5.2.1.3. Construction
- 10.5.2.1.4. Chemicals
- 10.5.2.1.5. Food & Beverages
- 10.5.2.1.6. Healthcare & Pharmaceuticals
- 10.5.2.1.7. Marine
- 10.5.2.1.8. Mining
- 10.5.2.1.9. Oil & Gas
- 10.5.2.1.10. Power Generation
- 10.5.2.1.11. Others
- 11. Competitive Matrix
- 11.1. Global Market Share Analysis (2021)
- 11.2. Competitor Dashboard
- 12. Company Profiles
- 12.1. ABB
- 12.1.1. Product Portfolio
- 12.1.2. Financials (Data as available in public Motion and/or on paid databases)
- 12.1.3. Recent Developments
- 12.2. MISUMI
- 12.2.1. Product Portfolio
- 12.2.2. Financials (Data as available in public Motion and/or on paid databases)
- 12.2.3. Recent Developments
- 12.3. TAMAGAWA SEIKI Co. Ltd.
- 12.3.1. Product Portfolio
- 12.3.2. Financials (Data as available in public Motion and/or on paid databases)
- 12.3.3. Recent Developments
- 12.4. Moog Inc.
- 12.4.1. Product Portfolio
- 12.4.2. Financials (Data as available in public Motion and/or on paid databases)
- 12.4.3. Recent Developments
- 12.5. Eaton Corporation Inc.
- 12.5.1. Product Portfolio
- 12.5.2. Financials (Data as available in public Motion and/or on paid databases)
- 12.5.3. Recent Developments
- 12.6. Rockwell Automation, Inc.
- 12.6.1. Product Portfolio
- 12.6.2. Financials (Data as available in public Motion and/or on paid databases)
- 12.6.3. Recent Developments
- 12.7. SMC Corporation
- 12.7.1. Product Portfolio
- 12.7.2. Financials (Data as available in public Motion and/or on paid databases)
- 12.7.3. Recent Developments
- 12.8. Emerson Electric Co.
- 12.8.1. Product Portfolio
- 12.8.2. Financials (Data as available in public Motion and/or on paid databases)
- 12.8.3. Recent Developments
- 12.9. Parker Hannifin Corporation
- 12.9.1. Product Portfolio
- 12.9.2. Financials (Data as available in public Motion and/or on paid databases)
- 12.9.3. Recent Developments
- 12.10. Curtiss-Wright Corporation
- 12.10.1. Product Portfolio
- 12.10.2. Financials (Data as available in public Motion and/or on paid databases)
- 12.10.3. Recent Developments
- 12.11. Rotork PLC
- 12.11.1. Product Portfolio
- 12.11.2. Financials (Data as available in public Motion and/or on paid databases)
- 12.11.3. Recent Developments
- 12.12. Venture MFG Co.
- 12.12.1. Product Portfolio
- 12.12.2. Financials (Data as available in public Motion and/or on paid databases)
- 12.12.3. Recent Developments
- 13. Appendix
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