The Actuators Market is expected to be around US$ 86.6 Billion by 2027 at a CAGR of 8% in the given forecast period.
Rapid industrialization is one of the significant factors propelling the growth of the market. Moreover, technological advancements in the automotive industry, such as the emergence of Advanced Driver Assistance Systems (ADAS) have exceptionally enhanced the usage of actuators. The growing trend of automation across several industries is another key growth-inducing factor. The integration of the Internet of Things (IoT) has facilitated automation of actuators for improved productivity and decreased downtime in the industrial and manufacturing units. They offer high accuracy and control, coupled with minimized noise creation and fuel leakages. Furthermore, a rising number of aircraft carriers are being enabled with actuators on each wing to maintain efficient flight at low airspeeds, thereby propelling the product demand.
The global Actuators market is segregated on the basis of Product as Linear Actuators and Rotary Actuators. Based on Type the global Actuators market is segmented in Electric, Pneumatic, Hydraulic, Mechanical, Others. Based on End Use Industry the global Actuators market is segmented in Oil and Gas, Power Generation, Chemicals, Food and Beverages, Metals and Mining, Automotive, Aerospace and Defense and Others.
The global Actuators market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Actuators market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Rockwell Automation, Moog Inc., Emersion Electric, ABB, SMC Corporation, IMI PLC, Flowserve, Altra Industrial Motion, Cedrat Technologies, DVG Automation, Festo, MISUMI Group Inc., Harmonic Drive LLC, Kinitics Automation, Venture Mfg. Co, and others are among the major players in the global Actuators market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Actuators Market has been segmented as below:
Actuators Market, By Product
Actuators Market, By Type
Actuators Market, By End Use Industry
Actuators Market, By Region
Actuators Market, By Company
The report covers:
Report Scope:
The global Actuators market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Actuators market share. Major industry players with significant revenue share include Rockwell Automation, Moog Inc., Emersion Electric, ABB, SMC Corporation, IMI PLC, Flowserve, Altra Industrial Motion, Cedrat Technologies, DVG Automation, Festo, MISUMI Group Inc., Harmonic Drive LLC, Kinitics Automation, Venture Mfg. Co, and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1.1. Secondary Research
2.3.1.2. Primary Research
2.3.1.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach- Segmental Market Analysis
2.4.2. Top-Down Approach- Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1. Introduction
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Porter’s Five Force Analysis
5. Actuators Market, By Product
5.1. Introduction
5.2. Linear Actuators
5.2.1. Market Overview
5.2.2. Market Size and Forecast
5.3. Rotary Actuators
5.3.1. Market Overview
5.3.2. Market Size and Forecast
6. Actuators Market, By Type
6.1. Introduction
6.2. Electric
6.2.1. Market Overview
6.2.2. Market Size and Forecast
6.3. Pneumatic
6.3.1. Market Overview
6.3.2. Market Size and Forecast
6.4. Hydraulic
6.4.1. Market Overview
6.4.2. Market Size and Forecast
6.5. Mechanical
6.5.1. Market Overview
6.5.2. Market Size and Forecast
6.6. Others
6.6.1. Market Overview
6.6.2. Market Size and Forecast
7. Actuators Market, By End Use Industry
7.1. Introduction
7.2. Oil and Gas
7.2.1. Market Overview
7.2.2. Market Size and Forecast
7.3. Power Generation
7.3.1. Market Overview
7.3.2. Market Size and Forecast
7.4. Chemicals
7.4.1. Market Overview
7.4.2. Market Size and Forecast
7.5. Food and Beverages
7.5.1. Market Overview
7.5.2. Market Size and Forecast
7.6. Metals and Mining
7.6.1. Market Overview
7.6.2. Market Size and Forecast
7.7. Automotive
7.7.1. Market Overview
7.7.2. Market Size and Forecast
7.8. Aerospace and Defense
7.8.1. Market Overview
7.8.2. Market Size and Forecast
7.9. Others
7.9.1. Market Overview
7.9.2. Market Size and Forecast
8. Actuators Market, By Geography
8.1. Introduction
8.2. North America
8.2.1. North America Actuators, By Product
8.2.2. North America Actuators, By Type
8.2.3. North America Actuators, By End Use Industry
8.3. Europe
8.3.1. Europe Actuators, By Product
8.3.2. Europe Actuators, By Type
8.3.3. Europe Actuators, By End Use Industry
8.4. Asia-Pacific
8.4.1. Asia-Pacific Actuators, By Product
8.4.2. Asia-Pacific Actuators, By Type
8.4.3. Asia-Pacific Actuators, By End Use Industry
8.5. Rest of the World
8.5.1. Rest of the World Actuators, By Product
8.5.2. Rest of the World Actuators, By Type
8.5.3. Rest of the World Actuators, By End Use Industry
9. Competitive Insights
9.1. Key Insights
9.2. Company Market Share Analysis
9.3. Strategic Outlook
9.3.1. Mergers & Acquisitions
9.3.2. New Product Developments
9.3.3. Portfolio/Production Capacity Expansions
9.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5. Others
10. Company Profiles
10.1. Rockwell Automation
10.1.1. Company Overview
10.1.2. Product/Service Landscape
10.1.3. Financial Overview
10.1.4. Recent Developments
10.2. Moog Inc.
10.2.1. Company Overview
10.2.2. Product/Service Landscape
10.2.3. Financial Overview
10.2.4. Recent Developments
10.3. Emersion Electric
10.3.1. Company Overview
10.3.2. Product/Service Landscape
10.3.3. Financial Overview
10.3.4. Recent Developments
10.4. ABB
10.4.1. Company Overview
10.4.2. Product/Service Landscape
10.4.3. Financial Overview
10.4.4. Recent Developments
10.5. SMC Corporation
10.5.1. Company Overview
10.5.2. Product/Service Landscape
10.5.3. Financial Overview
10.5.4. Recent Developments
10.6. IMI PLC
10.6.1. Company Overview
10.6.2. Product/Service Landscape
10.6.3. Financial Overview
10.6.4. Recent Developments
10.7. Flowserve
10.7.1. Company Overview
10.7.2. Product/Service Landscape
10.7.3. Financial Overview
10.7.4. Recent Developments
10.8. Altra Industrial Motion
10.8.1. Company Overview
10.8.2. Product/Service Landscape
10.8.3. Financial Overview
10.8.4. Recent Developments
10.9. Cedrat Technologies
10.9.1. Company Overview
10.9.2. Product/Service Landscape
10.9.3. Financial Overview
10.9.4. Recent Developments
10.10. DVG Automation
10.10.1. Company Overview
10.10.2. Product/Service Landscape
10.10.3. Financial Overview
10.10.4. Recent Developments
10.11. Festo
10.11.1. Company Overview
10.11.2. Product/Service Landscape
10.11.3. Financial Overview
10.11.4. Recent Developments
10.12. MISUMI Group Inc.
10.12.1. Company Overview
10.12.2. Product/Service Landscape
10.12.3. Financial Overview
10.12.4. Recent Developments
10.13. Harmonic Drive LLC
10.13.1. Company Overview
10.13.2. Product/Service Landscape
10.13.3. Financial Overview
10.13.4. Recent Developments
10.14. Kinitics Automation
10.14.1. Company Overview
10.14.2. Product/Service Landscape
10.14.3. Financial Overview
10.14.4. Recent Developments
10.15. Venture Mfg. Co
10.15.1. Company Overview
10.15.2. Product/Service Landscape
10.15.3. Financial Overview
10.15.4. Recent Developments
The Actuators Market has been segmented as below:
Actuators Market, By Product
Actuators Market, By Type
Actuators Market, By End Use Industry
Actuators Market, By Region
Actuators Market, By Company
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