Actuators Market: By Motion, By Type, By End-User Industry, and Geography
Actuators Market: By Motion, By Type, By End-User Industry, and Geography
Actuators Market size was valued at US$ 4,862.1 million in 2023 and is poised to grow at an 11.9% CAGR from 2024 to 2030. Actuator is a component or a part of a machine responsible to achieve physical movements by converting electrical, and hydraulic energy into mechanical energy. Thus, the increasing use of industrial milking robots to minimize human error and speed up production in the mechanical industry is expected to drive the growth of the actuators market. For instance, according to world robotics 2020, countries like Japan, the US, China, Korea, and Germany contribute about 73% of global robot installations.
In addition, increasing commercial aircraft is expected to fuel the growth of the actuators market over the forecast years. For instance, actuators are used in various applications of aircraft like flight control, landing gears, seats, doors, and others. Emerging countries like India, Africa, and China have seen to increase the air travel in recent years which is expected to increase air passenger traffic and eventually increase the demand for actuators in aircraft industries. However, high installation costs and maintenance costs of pneumatic and hydraulic actuators, the risk associated with a steam valve, and reduced control quality are expected to hinder the growth of the actuators market over the forecast period. Whereas the wide array of applications employing the use of linear actuators such as electronics and electricals, marine, aerospace, defense, chemical, paper, agriculture, and others are expected to provide the opportunity to the market key players and new entrants in the growth of the actuators market.
Study Period
2024-2030Base Year
2023CAGR
11.9%Largest Market
Asia PacificFastest Growing Market
North America
The Actuators market is expected to grow over the forecasted period due to the increasing demand for actuators in various applications such as healthcare, electronics & electricals, marine, aerospace, defense, and others. For instance, in the medical industry, actuators are used in many devices and equipment such as wheelchairs, treatment chairs, dental chairs, beds for medical purposes, and CT, MRI, and PT scanning instruments. Furthermore, the growing healthcare industry is expected to boost the growth of the actuator market over the forecast period. For instance, the number of hospitals has been gradually increasing in several emerging nations such as India, China, and Japan due to increasing cases of cancer and COVID 19 pandemic, this is expected to have a positive impact on the growth of the actuators market over the forecast period.
The Actuators market is segmented based on regions into North America, Asia Pacific, Europe, Latin America, and Middle East, and Africa. The Asia Pacific actuators market is likely to hold a significant revenue share, and in the forecasted years, it is predicted to increase rapidly due to rapid industrialization, and growing investments in Automation processes. North America region is expected to have significant growth owing to the well-established and growing automotive industry in this region. The increasing adoption of automation in industries by employing robots in this region is expected to boost the actuators market growth in this region over the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 4,862.1 million |
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Market CAGR |
11.9% |
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By Type |
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By Motiion |
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By End User Industry |
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By Region |
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The actuators market size was valued at US$ 4,862.1 million in 2023 and is expected to grow at an 11.9% CAGR from 2024 to 2030.
High maintenance cost is expected to hinder market growth over the forecast period.
The leading players in the global Actuators market are ABB, MISUMI, TAMAGAWA SEIKI Co. Ltd., Moog Inc., Eaton Corporation Inc., Rockwell Automation, Inc., SMC Corporation, Emerson Electric Co., Parker Hannifin Corporation, Curtiss-Wright Corporation, Rotork PLC, Venture MFG Co.
North America region is expected to have the largest market share value and is expected to dominate the global actuators market.
| 1.Executive Summary |
| 2.Global Actuators Market Introduction |
| 2.1.Global Actuators Market - Taxonomy |
| 2.2.Global Actuators Market - Definitions |
| 2.2.1.Motion |
| 2.2.2.Type |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Actuators Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Actuators Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Actuators Market By Motion, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Linear |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Rotary |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Actuators Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Hydraulic |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Pneumatic |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electric |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Actuators Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Aerospace & Defense |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Automotive |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Construction |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Chemicals |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Food & Beverages |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Healthcare & Pharmaceuticals |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Marine |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 7.8. Mining |
| 7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.8.3. Market Opportunity Analysis |
| 7.9. Oil & Gas |
| 7.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 7.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.9.3. Market Opportunity Analysis |
| 7.10. Power Generation |
| 7.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 7.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.10.3. Market Opportunity Analysis |
| 7.11. Others |
| 7.11.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 7.11.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.11.3. Market Opportunity Analysis |
| 8.Global Actuators Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 , (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Actuators Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Motion Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Linear |
| 9.1.2.Rotary |
| 9.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Hydraulic |
| 9.2.2.Pneumatic |
| 9.2.3.Electric |
| 9.2.4.Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Aerospace & Defense |
| 9.3.2.Automotive |
| 9.3.3.Construction |
| 9.3.4.Chemicals |
| 9.3.5.Food & Beverages |
| 9.3.6.Healthcare & Pharmaceuticals |
| 9.3.7.Marine |
| 9.3.8.Mining |
| 9.3.9.Oil & Gas |
| 9.3.10.Power Generation |
| 9.3.11.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Actuators Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Motion Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Linear |
| 10.1.2.Rotary |
| 10.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Hydraulic |
| 10.2.2.Pneumatic |
| 10.2.3.Electric |
| 10.2.4.Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Aerospace & Defense |
| 10.3.2.Automotive |
| 10.3.3.Construction |
| 10.3.4.Chemicals |
| 10.3.5.Food & Beverages |
| 10.3.6.Healthcare & Pharmaceuticals |
| 10.3.7.Marine |
| 10.3.8.Mining |
| 10.3.9.Oil & Gas |
| 10.3.10.Power Generation |
| 10.3.11.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) Actuators Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Motion Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Linear |
| 11.1.2.Rotary |
| 11.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Hydraulic |
| 11.2.2.Pneumatic |
| 11.2.3.Electric |
| 11.2.4.Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Aerospace & Defense |
| 11.3.2.Automotive |
| 11.3.3.Construction |
| 11.3.4.Chemicals |
| 11.3.5.Food & Beverages |
| 11.3.6.Healthcare & Pharmaceuticals |
| 11.3.7.Marine |
| 11.3.8.Mining |
| 11.3.9.Oil & Gas |
| 11.3.10.Power Generation |
| 11.3.11.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Actuators Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Motion Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Linear |
| 12.1.2.Rotary |
| 12.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Hydraulic |
| 12.2.2.Pneumatic |
| 12.2.3.Electric |
| 12.2.4.Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Aerospace & Defense |
| 12.3.2.Automotive |
| 12.3.3.Construction |
| 12.3.4.Chemicals |
| 12.3.5.Food & Beverages |
| 12.3.6.Healthcare & Pharmaceuticals |
| 12.3.7.Marine |
| 12.3.8.Mining |
| 12.3.9.Oil & Gas |
| 12.3.10.Power Generation |
| 12.3.11.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Actuators Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Motion Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Linear |
| 13.1.2.Rotary |
| 13.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Hydraulic |
| 13.2.2.Pneumatic |
| 13.2.3.Electric |
| 13.2.4.Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Aerospace & Defense |
| 13.3.2.Automotive |
| 13.3.3.Construction |
| 13.3.4.Chemicals |
| 13.3.5.Food & Beverages |
| 13.3.6.Healthcare & Pharmaceuticals |
| 13.3.7.Marine |
| 13.3.8.Mining |
| 13.3.9.Oil & Gas |
| 13.3.10.Power Generation |
| 13.3.11.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.ABB |
| 14.2.2.Rockwell Automation |
| 14.2.3.Altra Industrial Motion |
| 14.2.4.Moog, Inc. |
| 14.2.5.Rotork |
| 14.2.6.KEMET Corporation |
| 14.2.7.Dover Chemical Corporation |
| 14.2.8.MISUMI |
| 14.2.9.Honeywell |
| 14.2.10.Curtiss Wright |
| 14.2.11.Emerson |
| 14.2.12.SMC |
| 14.2.13.Eaton |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
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