Market Overview:
The global actuators market size reached US$
38.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$
61.1 Billion by 2027, exhibiting a growth rate (CAGR) of
7.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
An actuator is a mechanical component that assists in converting energy into motion and controls machinery equipment and systems. The device usually works on hydraulic and pneumatic forces and can be operated manually, electronically or through a software program. Actuators move in linear and rotary motions. The linear motion converts energy for positioning other equipment and subsequently perform push and pull function. On the other hand, rotary motion provides movement to various ball and butterfly valves. Actuators are most commonly used in the form of electric motors, solenoids, hard drive stepper motors and comb drivers and find extensive applications across various sectors like oil and gas, power generation, chemicals, food & beverages, metals & mining, automotive, aerospace, etc.
Actuators Market Trends:
Rapid industrialization is one of the key factors driving the growth of the market. Furthermore, technological advancements in the automotive industry, such as the introduction of Advanced Driver Assistance Systems (ADAS) have significantly enhanced the utilization of actuators. The rising trend of automation across various industries is another major growth-inducing factor. The implementation of the Internet of Things (IoT) has facilitated automation of actuators for enhanced productivity and reduced downtime in the industrial and manufacturing units. They provide high precision and control, along with reduced noise creation and fuel leakages. Moreover, an increasing number of aircraft carriers are being equipped with actuators on each wing to maintain efficient flight at low airspeeds, thereby driving the product demand. Other factors, including product innovations such as the development of actuators with low carbon emissions and extensive research and development (R&D), are also augmenting the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global actuators market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product, type and end use industry.
Breakup by Product:
- Linear Actuators
- Rod Type
- Screw Type
- Belt Type
- Rotary Actuators
- Motors
- Bladder and Vane
- Piston Type
Breakup by Type:
- Electric
- Pneumatic
- Hydraulic
- Mechanical
- Others
Breakup by End Use Industry:
- Oil and Gas
- Power Generation
- Chemicals
- Food and Beverages
- Metals and Mining
- Automotive
- Aerospace and Defense
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Rockwell Automation, Moog Inc., Emerson Electric, ABB, SMC Corporation, IMI PLC, Flowserve, Altra Industrial Motion, Cedrat Technologies, DVG Automation, Festo, MISUMI Group Inc., Harmonic Drive LLC, Kinitics Automation, Venture Mfg. Co., etc.
IMARC Group’s latest report provides a deep insight into the global actuators market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the actuators market in any manner.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Product, Type, End Use Industry, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered |
Rockwell Automation, Moog Inc., Emerson Electric, ABB, SMC Corporation, IMI PLC, Flowserve, Altra Industrial Motion, Cedrat Technologies, DVG Automation, Festo, MISUMI Group Inc., Harmonic Drive LLC, Kinitics Automation and Venture Mfg. Co. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global actuators market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global actuators industry?
- What has been the impact of COVID-19 on the global actuators industry?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the global actuators industry?
- What are the key driving factors and challenges in the global actuators industry?
- What is the structure of the global actuators industry and who are the key players?
- What is the degree of competition in the global actuators industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Actuators Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product
5.5 Market Breakup by Type
5.6 Market Breakup by End Use Industry
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Product
6.1 Linear Actuators
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Rod Type
6.1.2.2 Screw Type
6.1.2.3 Belt Type
6.1.3 Market Forecast
6.2 Rotary Actuators
6.2.1 Market Trends
6.2.2 Major Types
6.2.2.1 Motors
6.2.2.2 Bladder and Vane
6.2.2.3 Piston Type
6.2.3 Market Forecast
7 Market Breakup by Type
7.1 Electric
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Pneumatic
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Hydraulic
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Mechanical
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Oil and Gas
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Power Generation
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Chemicals
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Food and Beverages
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Metals and Mining
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Automotive
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Aerospace and Defense
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Rockwell Automation
14.3.2 Moog Inc
14.3.3 Emerson Electric
14.3.4 ABB
14.3.5 SMC Corporation
14.3.6 IMI PLC
14.3.7 Flowserve
14.3.8 Altra Industrial Motion
14.3.9 Cedrat Technologies
14.3.10 DVG Automation
14.3.11 Festo
14.3.12 MISUMI Group Inc
14.3.13 Harmonic Drive LLC
14.3.14 Kinitics Automation
14.3.15 Venture Mfg. Co
List of Figures
Figure 1: Global: Actuators Market: Major Drivers and Challenges
Figure 2: Global: Actuators Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Actuators Market: Breakup by Product (in %), 2021
Figure 4: Global: Actuators Market: Breakup by Type (in %), 2021
Figure 5: Global: Actuators Market: Breakup by End Use Industry (in %), 2021
Figure 6: Global: Actuators Market: Breakup by Region (in %), 2021
Figure 7: Global: Actuators Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Actuators Industry: SWOT Analysis
Figure 9: Global: Actuators Industry: Value Chain Analysis
Figure 10: Global: Actuators Industry: Porter’s Five Forces Analysis
Figure 11: Global: Actuators (Linear Actuators) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 12: Global: Actuators (Linear Actuators) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 13: Global: Actuators (Rotary Actuators) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 14: Global: Actuators (Rotary Actuators) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 15: Global: Actuators (Electric) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 16: Global: Actuators (Electric) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 17: Global: Actuators (Pneumatic) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 18: Global: Actuators (Pneumatic) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 19: Global: Actuators (Hydraulic) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 20: Global: Actuators (Hydraulic) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 21: Global: Actuators (Mechanical) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 22: Global: Actuators (Mechanical) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 23: Global: Actuators (Other Types) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 24: Global: Actuators (Other Types) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 25: Global: Actuators (Oil and Gas) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 26: Global: Actuators (Oil and Gas) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 27: Global: Actuators (Power Generation) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 28: Global: Actuators (Power Generation) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 29: Global: Actuators (Chemicals) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 30: Global: Actuators (Chemicals) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 31: Global: Actuators (Food and Beverages) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 32: Global: Actuators (Food and Beverages) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 33: Global: Actuators (Metals and Mining) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 34: Global: Actuators (Metals and Mining) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 35: Global: Actuators (Automotive) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 36: Global: Actuators (Automotive) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 37: Global: Actuators (Aerospace and Defense) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 38: Global: Actuators (Aerospace and Defense) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 39: Global: Actuators (Other End Use Industries) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 40: Global: Actuators (Other End Use Industries) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 41: North America: Actuators Market: Sales Value (in Billion US$), 2016 & 2021
Figure 42: North America: Actuators Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 43: Europe: Actuators Market: Sales Value (in Billion US$), 2016 & 2021
Figure 44: Europe: Actuators Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 45: Asia Pacific: Actuators Market: Sales Value (in Billion US$), 2016 & 2021
Figure 46: Asia Pacific: Actuators Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 47: Middle East and Africa: Actuators Market: Sales Value (in Billion US$), 2016 & 2021
Figure 48: Middle East and Africa: Actuators Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 49: Latin America: Actuators Market: Sales Value (in Billion US$), 2016 & 2021
Figure 50: Latin America: Actuators Market Forecast: Sales Value (in Billion US$), 2022-2027
List of Tables
Table 1: Global: Actuators Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Actuators Market Forecast: Breakup by Product (in Billion US$), 2022-2027
Table 3: Global: Actuators Market Forecast: Breakup by Type (in Billion US$), 2022-2027
Table 4: Global: Actuators Market Forecast: Breakup by End Use Industry (in Billion US$), 2022-2027
Table 5: Global: Actuators Market Forecast: Breakup by Region (in Billion US$), 2022-2027
Table 6: Global: Actuators Market Structure
Table 7: Global: Actuators Market: Key Players