- Hydraulic
- Pneumatic
- Electric
- Others
Actuators Market size was valued at USD 44,482.7 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.
Actuators Market Key Developments:
- In December 2020, Rotork PLC launched its newly developed AC version of the PAX1 linear actuator.
Actuators Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
11.9%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Actuators Market Dynamics
The actuators are majorly used in controlling and moving mechanisms of systems. The actuators are majorly used in various applications such as robotics, machine learning, and artificial intelligence. They are also helpful in automating various systems in the automotive, agriculture, food, transport, and medical industry. The growing population is expected to rise automation in industries.
Asia-Pacific Got Significant Share
Actuators Market Regional Analysis
Based on regions, the Actuators market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to lead the market in the forecast period the asia pacific is focusing on technological advancements in robotics automation to dominate actuators market
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The actuators market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
- The Actuators Market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The Actuators Market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The Actuators Market report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The Actuators Market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Actuators Market Segmentation
By Type
By Motiion
- Linear
- Rotary
By End User Industry
- Aerospace & Defense
- Automotive
- Construction
- Chemicals
- Food & Beverages
- Healthcare & Pharmaceuticals
- Marine
- Mining
- Oil & Gas
- Power Generation
- Others
By Geography
- North America
- Europe
- The Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The actuators market was valued at USD 44,482.7 million in 2022 and is expected to grow at an 11.9% CAGR from 2023 to 2029.
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 |
- ABB
- Rockwell Automation
- Altra Industrial Motion
- Moog, Inc.
- Rotork
- KEMET Corporation
- Dover Chemical Corporation
- MISUMI
- Honeywell
- Curtiss Wright
- Emerson
- SMC
- Eaton