Global Robotics and Automation Actuators Market to Reach $86.6 Billion by 2030
The global market for Robotics and Automation Actuators estimated at US$34.8 Billion in the year 2023, is expected to reach US$86.6 Billion by 2030, growing at a CAGR of 13.9% over the analysis period 2023-2030. Electric Actuators, one of the segments analyzed in the report, is expected to record a 14.7% CAGR and reach US$41.7 Billion by the end of the analysis period. Growth in the Pneumatic Actuators segment is estimated at 14% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.6 Billion, While China is Forecast to Grow at 13.3% CAGR
The Robotics and Automation Actuators market in the U.S. is estimated at US$10.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.9 Billion by the year 2030 trailing a CAGR of 13.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 11.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.1% CAGR.
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