About Actuators-
An actuator is a component of a machine that produces force, torque, or displacement, usually in a controlled way, when an electrical, pneumatic, or hydraulic input is supplied to it in a system. An actuator converts such an input signal into the required form of mechanical energy. It is a type of transducer. The actuators market presents a promising growth outlook, driven by the increasing demand for automation, technological advancements, and the development of new application areas. By focusing on the trends and opportunities, companies in the actuators market can develop innovative solutions that cater to the evolving needs of various industries and contribute to the overall growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.65% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Actuators- market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sumitomo Heavy Industries, Ltd. (Japan), Rollon S.p.A. (Italy), Moog Inc. (United States), Marelli Holdings Co., Ltd. (Japan), Bosch Rexroth AG (Germany), Emerson Electric Co. (United States), Parker Hannifin (United States), SMC Corporation (Japan), Festo Inc. (Germany) and Pneumadyne (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are HIWIN Technologies Crop. (Taiwan), NSK Ltd. (Japan), Airtac International Group (Taiwan), THK CO., LTD. (Japan), Norgren Ltd. (United Kingdom), NIRECO (Japan) and SUMIDA CORPORATION (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Actuators- market by Type (Electric, Hydraulic, Pneumatic and Others), Application (Industrial Automation, Robotics, Vehicles and Others) and Region.
On the basis of geography, the market of Actuators- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product Type, the sub-segment i.e. Linear will boost the Actuators- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Aerospace & Defense will boost the Actuators- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in Actuator Technology
Market Growth Drivers:
Increasing Automation and Demand for Smart Machines and Growth of the Internet of Things (IoT) and Connected Devices
Challenges:
Leakage Issues with Hydraulic and Pneumatic Actuators
Restraints:
High Installation and Maintenance Costs
Opportunities:
Smart Cities and Infrastructure Development and Growing Focus on Energy Efficiency
Market Leaders and their expansionary development strategies
In August 20212, Rollon acquired iMS, with this acquisition, Rollon is expanding its lineup of linear actuator modules and robotic transport units (RTUs), allowing for static loads of over 45.360 Kg and support for industrial robots with payloads up to 2.000 Kg.
In September 2023, Marelli launched its new range of multipurpose smart actuators aimed at electric cars, that are designed to simplify the actuation of complex vehicle functions. These new smart actuators include an electronic module, that autonomously controls the actuator itself and connects it to the vehicle electronic network.
Key Target Audience
Actuators Manufacturer, Government Bodies, New Entrants, Suppliers & Distributors, Potential Investors, Research Center and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.