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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Rotary Actuator Market Analysis
Another crucial trend aiding the precision rotary actuator industry growth is the growing adoption of rotary actuators by various end-user industries. Due to their mechanical stiffness and high force capabilities, rotary actuators are used in the aerospace industry, semiconductor production, defence industry, oil and gas manufacturing units, and packaging industry, among others.
The growing automotive industry is another key trend propelling the growth of the rotary actuators market. Rotary actuators are heavily employed in the automotive industry due to their applications in movement control of valves and flaps in exhaust and engine systems along with their usage in suspension systems and power steering.
Rotary Actuator Market Report Snapshots
Rotary Actuator Market 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.*
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Key Questions Answered in the Report
The rotary actuator market value is expected to grow at a CAGR of 6.10% between 2024 and 2032.
The major market drivers include increased incorporation of rotary actuators by various manufacturers, growing adoption of rotary actuators by various end user industries, and growth of aerospace and oil and gas industries.
The key trends fuelling the growth of the market include rise of industrial automation, advancements in technology, and growing automotive industry.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
A rotary actuator transforms various forms of energy such as hydraulic, electrical, and pneumatic into mechanical rotation.
Based on the product, market segmentations include hydraulic rotary actuators, electric rotary actuators, and pneumatic rotary actuators.
The various applications of rotary actuators include metal and mining, oil and gas, construction, industrial, and agriculture.
The competitive landscape consists of SMC Corporation of America, Emerson Electric Co., Parker Hannifin Corp, Festo Ltd., ABB Ltd., Bosch Rexroth Corporation, Norgren Ltd., MISUMI Corporation, Moog Inc., and IMI Kynoch Limited, among others.
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