Actuators

Global Actuators Market to Reach US$108.7 Billion by 2030

The global market for Actuators estimated at US$66.3 Billion in the year 2024, is expected to reach US$108.7 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2024-2030. Linear Actuators, one of the segments analyzed in the report, is expected to record a 9.0% CAGR and reach US$72.5 Billion by the end of the analysis period. Growth in the Rotary Actuators segment is estimated at 7.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$9.8 Billion While China is Forecast to Grow at 11.0% CAGR

The Actuators market in the U.S. is estimated at US$9.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$34.1 Billion by the year 2030 trailing a CAGR of 11.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.0% and 7.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.

Global Actuators Market - Key Trends & Drivers Summarized

Actuators are critical components in a wide range of mechanical systems, converting electrical, hydraulic, or pneumatic energy into motion. They are fundamental in various applications, from industrial machinery and robotics to aerospace and automotive systems. Actuators come in several types, including linear, rotary, electric, hydraulic, and pneumatic actuators, each suited to specific tasks and environments. Linear actuators provide straight-line motion, ideal for applications such as valve control and machinery automation, while rotary actuators are used for tasks that require rotational movement. Electric actuators are known for their precision and control, hydraulic actuators are valued for their power and reliability in heavy-duty applications, and pneumatic actuators are preferred for their simplicity and rapid response in environments where compressed air is readily available.

Technological advancements have significantly enhanced the performance, efficiency, and capabilities of actuators. Modern actuators are increasingly integrated with smart technologies, such as sensors and IoT connectivity, enabling real-time monitoring and control. This integration allows for predictive maintenance, reducing downtime and extending the lifespan of equipment. In the field of robotics and automation, actuators are becoming more compact and powerful, facilitating the development of sophisticated and agile robotic systems. The adoption of advanced materials and manufacturing techniques, such as additive manufacturing, has also led to the production of actuators with improved durability and performance characteristics. Moreover, innovations in electric actuators, including the development of brushless motors and advanced drive electronics, have enhanced their efficiency and precision, making them suitable for a broader range of applications.

The growth in the actuators market is driven by several factors, reflecting the increasing demand for automation and advanced control systems across various industries. One significant driver is the expanding industrial automation sector, where actuators are essential for enhancing productivity and efficiency in manufacturing processes. The growing adoption of robotics in both industrial and service applications also propels the demand for actuators. In the automotive industry, the shift towards electric and autonomous vehicles requires advanced actuator systems for functions such as steering, braking, and suspension control. Additionally, the aerospace industry relies on high-performance actuators for flight control and other critical functions. The trend towards smart infrastructure and the integration of IoT in building management systems further boosts the market, as actuators play a crucial role in the automation of HVAC, lighting, and security systems. Furthermore, the push for energy-efficient solutions and the development of renewable energy technologies drive the need for actuators in applications such as wind turbines and solar tracking systems. These factors collectively ensure the dynamic growth and continuous innovation within the actuators market.

SCOPE OF STUDY:

The report analyzes the Actuators market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Linear Actuators, Rotary Actuators); Actuation (Electrical, Hydraulic, Pneumatic, Other Actuations

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 371 Featured) -

• ABB Limited
• Auma Riester GmbH & Co. KG
• Cair Euromatic Automation Pvt. Ltd.
• Curtiss Wright Corp.
• Eaton Corporation plc
• Elger Controls India Private Ltd.
• Festo Vertrieb GmbH & Co. KG
• Flowserve Corporation
• Harmonic Drive LLC
• Honeywell International Inc.
• Indelac Controls, Inc.
• KITZ Corporation
• Micromatic LLC
• MISUMI Group, Inc.
• Moog, Inc.
• Motion Systems Corp.
• Pentair Plc
• Rockwell Automation, Inc.
• Rotork Plc
• SMC Corporation
• Sumitomo Heavy Industries, Ltd.
• The Emerson Electric Company
• Timotion Technology Co. Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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