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Global Actuators Market Analysis, Share, Trends, Forecast: By Actuation: Electrical, Hydraulic, Pneumatic, Others; By Type: Linear Actuators, Rotary Actuators; By Application: Industrial Automation, Robotics, Vehicles and Equipment, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Actuators Market Trends
The trend towards the miniaturisation of actuators is a significant development in the market, driven by the need for smaller, more efficient, and highly precise motion control solutions across various applications. The healthcare sector's push for minimally invasive surgeries and more compact, portable medical devices requires actuators that can operate in limited spaces with high precision. Miniaturised actuators enable the development of sophisticated medical instruments, implants, and diagnostic equipment.
As consumer electronics like smartphones, cameras, and wearables become smaller and more feature-packed, there is a demand for actuators that can perform tasks in very compact spaces and further contribute to the trend of miniturisation in actuators market.
The leading market players are focusing on launching improved product range that can deliver remarkable performance. In December 2023, Flowserve Corporation, recognised globally for providing flow control solutions and services tailored for infrastructure markets, introduced a cutting-edge development in their product line—the Limitorque QX Series B (QXb). This new offering represents a significant advancement in actuator technology, specifically designed for quarter-turn applications, which are movements typically required for valves that rotate through 90 degrees to open or close.
Actuators Market Report Snapshots
Actuators Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Actuators Market Analysis
8.1 Key Industry Highlights
8.2 Global Actuators Historical Market (2018-2023)
8.3 Global Actuators Market Forecast (2024-2032)
8.4 Global Actuators Market by Actuation
8.4.1 Electrical
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hydraulic
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Pneumatic
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Actuators Market by Type
8.5.1 Linear Actuators
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Linear Actuator Type
8.5.1.3.1 Rod Type Linear Actuators
8.5.1.3.2 Screw Type Linear Actuators
8.5.1.3.3 Belt Type Linear Actuators
8.5.2 Rotary Actuators
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Breakup by Rotary Actuator Type
8.5.2.3.1 Motors
8.5.2.3.2 Bladder and Vane
8.5.2.3.3 Piston Type
8.6 Global Actuators Market by Application
8.6.1 Industrial Automation
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Robotics
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Vehicles and Equipment
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Actuators Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Actuators Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Actuators Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Actuators Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Actuators Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Actuators Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Rockwell Automation, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Moog Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 SMC Corporation of America
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Curtiss-Wright
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 IMI Critical Engineering
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Tolomatic, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Venture MFG. Co.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Actuators Market: Key Industry Highlights, 2018 and 2032
2. Global Actuators Historical Market: Breakup by Actuation (USD Billion), 2018-2023
3. Global Actuators Market Forecast: Breakup by Actuation (USD Billion), 2024-2032
4. Global Actuators Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Actuators Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Actuators Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Actuators Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Actuators Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Actuators Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Actuators Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Actuators Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Actuators Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Actuators Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Actuators Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Actuators Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Actuators Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Actuators Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Actuators Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Actuators Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Actuators Market Structure
Key Questions Answered in the Report
In 2023, the global actuators market attained a value of nearly USD 60.34 billion.
The market is projected to grow at a CAGR of 7.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 114.82 billion by 2032.
The major drivers of the market are the growing demands to enhance productivity, rising downtime in the industrial plants, and increased automation across different industries.
The key trends guiding the growth of the market include the rising availability of advanced and price-effective actuators, growing preference towards robotics in different sectors, and rapid technological advancements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading actuation segments in the market are electrical, hydraulic, and pneumatic, among others.
The significant types of actuators in the market are linear actuators and rotary actuators.
The significant applications segments of the product in the market are industrial automation, robotics, and vehicles and equipment, among others.
The major players in the market are Rockwell Automation, Inc., Moog Inc., SMC Corporation of America, Curtiss-Wright, IMI Critical Engineering, Tolomatic, Inc., and Venture MFG. Co., among others.
Analyst Review
The global actuators market attained a value of USD 60.34 billion in 2023, driven by the rising downtime in the industrial plants and the increased automation across different industries. Aided by the growing adoption of robotics, accessibility to affordable actuators, and rapid technological advancement, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.4%. The industry is projected to reach USD 114.82 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of actuation, the industry is divided into electrical, hydraulic, pneumatic, and others. Based on type, the industry is broadly categorised into linear and rotary actuators. On the basis of application, the market has been divided into industrial automation, robotics, and vehicles and equipment, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Rockwell Automation, Inc., Moog Inc., SMC Corporation of America, Curtiss-Wright, IMI Critical Engineering, Tolomatic, Inc., and and Venture MFG. Co., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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