Actuators Market by Actuation (Electrical, Pneumatic, Hydraulic), Type (Linear, Rotary), Application (Industrial Automation, Robotics, Vehicles & Equipment), Vertical (Automotive, Electronics, Healthcare), and Region - Global Forecast to 2027

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Date: 20-May-2021
No. of pages: 326
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“Increase in demand of actuators in the automotive industry is driving the actuators market.”

The actuators market is projected to grow from USD 53.9 billion in 2021 to USD 86.6 billion by 2027, at a CAGR of 8.2% between 2021 and 2027. Increasing demand for actuators in the automotive industry, the rapid growth of industrialization and utilization of robotics, and rising demand for actuators in healthcare are some of the key factors driving the growth in the actuators market. Wide array of applications employing the use of linear actuators is one of the lucrative opportunities for actuator system providers during the forecast period.

The COVID-19 outbreak has triggered disruptions to global supply chains and business processes. While the pandemic did not impact the 2019 demand for valve actuators, the market projections do consider industry trends and how the COVID-19 pandemic will influence the valve actuators market in various vertical industries. Most industries utilizing actuators like agriculture, healthcare, automotive, aerospace and defense, and food and beverages were crushed negatively by the current COVID-19 pandemic outbreak. Apart from the healthcare sector, nearly all industrial sectors witnessed a downfall. Also, imposition of lockdowns and quarantine regulations internationally in India, Canada, and European nations have disturbed the normal flow of business, demand for sale or new projects, and revenue in major industries like aviation, automotive, and oil & gas. These industries normally are the prime business prospects for the actuators market.

Based on type, the linear actuator segment accounts for the largest market size during the forecast period

The growth of this segment can be attributed to their increased use in packaging machines, medical equipment, production machinery, transportation, and aerospace & defense industries. Increasing automation of industrial processes in emerging economies such as China and India is one of the factors expected to drive the growth of the actuators market across the globe

Based on the vertical, the automotive segment is projected to lead the market during the forecast period.

Actuators are not only used in major functional systems of an automobile but also in the bodywork and the interior of an automobile in the recent years. The demand for actuators that offer a high level of safety and control, as well as excellent process monitoring capabilities, is expected to increase in the oil & gas industry across the globe

“Asia Pacific is projected to grow at the highest CAGR during the forecast period.”

The Asia Pacific region is estimated to account for a share of 48.2% of the actuators market in 2021. The actuators market in this region has been studied for Japan, China, India, South Korea, Taiwan, and the Rest of Asia Pacific. Industries in the Asia Pacific region are continuously upgrading their capabilities and as such, require machinery equipped with new and advanced actuators. Countries such as China and Japan are primarily investing in robotics and automation to gain a tactical edge in the field of robotics and process automation. This provides an excellent growth opportunity for the manufacturers of actuators in the Asia Pacific region.

The break-up of profile of primary participants in the actuators market:


  • By Company Type: Tier 1 – 49%, Tier 2 – 37%, and Tier 3 – 14%

  • By Designation: C Level – 55%, Director Level – 27%, and Others – 18%

  • By Region: North America – 55%, Europe – 27%, Asia Pacific – 9%, RoW – 9%


ABB (Switzerland), Rockwell Automation (US), Altra Industrial Motion (US), Moog (US), SMC (Japan), Curtis Wright (Exlar) (US), and MISUMI (Japan) are some of the leading players operating in the actuators market.

Research Coverage:

This research report categorizes the actuators market. By actuation (electrical, pneumatic, hydraulic, and others). Based on application (industrial automation, robotics and vehicles, and equipment), by type (linear actuator and rotary actuator), by vertical (food & beverages; oil & gas; metals, mining, and machinery; power generation; chemicals, paper, and plastics; pharmaceutical & healthcare; automotive; aerospace & defense; marine; electronics & electrical; construction; agriculture; utilities; and household & entertainment). The actuators market has been studied for North America, Europe, Asia Pacific, and the Rest of the World (the Middle East, Latin America, and Africa).  The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the actuators market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; agreements, collaborations, new product launches, contracts, expansion, acquisitions, and partnerships associated with actuators market

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall actuators market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:


  • Market Penetration: Comprehensive information on actuators offered by the top players in the market

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the actuators market

  • Market Development: Comprehensive information about lucrative markets – the report analyzes the actuators market across varied regions

  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the actuators market  

  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players in the actuators market

Actuators Market by Actuation (Electrical, Pneumatic, Hydraulic), Type (Linear, Rotary), Application (Industrial Automation, Robotics, Vehicles & Equipment), Vertical (Automotive, Electronics, Healthcare), and Region - Global Forecast to 2027

Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Markets Covered
1.2.2 Years Considered For The Study
1.3 Currency
1.4 Limitations
1.5 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown Of Primaries
2.2 Market Size Estimation
2.3 Market Definition & Scope
2.3.1 Segments And Subsegments
2.3.2 Segment Definitions
2.3.2.1 Actuators Market, By Actuation
2.3.2.2 Actuators Market, By Type
2.3.2.3 Actuators Market, By Application
2.3.2.4 Actuators Market, By Vertical
2.4 Research Approach & Methodology
2.4.1 Bottom-Up Approach
2.4.2 Regional Actuators Market
2.4.3 General Approach For The Actuators Market
2.4.4 Actuators Market, By Actuation
2.4.5 Actuators Market, By Type
2.4.6 Actuators Market, By Application
2.4.7 Actuators Market, By Vertical
2.4.8 Top-Down Approach
2.5 Data Triangulation & Validation
2.5.1 Data Triangulation Through Secondary Research
2.5.2 Data Triangulation Through Primaries
2.6 Research Assumptions
2.6.1 Market Sizing
2.6.2 Market Forecasting
2.7 Risks
2.8 Others
2.8.1 Limitations/Gray Areas

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities In Actuators Market
4.2 Actuators Market, By Actuation
4.3 Actuators Market, By Type
4.4 Actuators Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Value Chain Analysis
5.4 Market Ecosystem Map
5.5 Technology Analysis
5.6 Patent Analysis
5.7 Case Study Analysis

6 Industry Trends
6.1 Introduction
6.2 Evolution
6.3 Technology Trends
6.4 Safety Standards And Selection Criteria For Actuators
6.5 Patent Analysis, 2012–2017

7 Actuators Market, By Actuation
7.1 Introduction
7.2 Electrical
7.3 Hydraulic
7.4 Pneumatic
7.5 Others
7.5.1 Mechanical
7.5.2 Thermal Or Magnetic
7.5.3 Piezoelectric Actuator
7.5.4 Soft Actuator Or Polymer Actuator

8 Actuators Market, By Application
8.1 Introduction
8.2 Industrial Automation
8.3 Robotics
8.3.1 Industrial Robots
8.3.2 Service Robots
8.4 Vehicles And Equipment

9 Actuators Market, By Type
9.1 Introduction
9.2 Linear Actuators
9.2.1 Rod Type Linear Actuators
9.2.2 Screw Type Linear Actuators
9.2.3 Belt Type Linear Actuators
9.3 Rotary Actuators
9.3.1 Motors
9.3.2 Bladder & Vane
9.3.3 Piston Type

10 Actuators Market, By Vertical
10.1 Introduction
10.2 Globe Valves
10.3 Ball Valves
10.4 Butterfly Valves
10.5 Safety Valves
10.6 Plug Valves
10.7 Others
10.2 Food & Beverages
10.3 Oil & Gas
10.4 Metals, Mining, And Machinery
10.5 Power Generation
10.6 Chemicals, Paper, And Plastics
10.7 Pharmaceutical & Healthcare
10.8 Automotive
10.9 Aerospace & Defense
10.10 Marine
10.11 Electronics & Electrical
10.12 Construction
10.13 Utilities
10.14 Household & Entertainment
10.15 Agriculture

 

11 Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Us
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 Uk
11.3.4 Italy
11.3.5 Switzerland
11.3.6 Rest Of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Taiwan
11.4.6 Rest Of Asia Pacific
11.5 Rest Of The World (Row)
11.5.1 Middle East
11.5.2 Latin America
11.5.3 Africa

12 Competitive Landscape And Customer Analysis
12.1 Introduction
12.2 Oem Competitive Leadership Mapping
12.2.1 Visionary Leaders
12.2.2 Innovators
12.2.3 Dynamic Differentiators
12.2.4 Emerging Companies
12.3 Ranking Of Key Players, 2018
12.3 Market Share Analysis, 2020
12.3 Revenue Analysis, 2020
12.4 Competitive Scenario
12.4.1 New Product Launches
12.4.2 Acquisitions
12.4.3 Contracts
12.4.4 Partnerships/Collaborations

13 Customer Analysis
13.1 Objectives
13.2 Introduction
13.2.1 Fourth Industrial Revolution (Industry 4.0)
13.2.2 Consumer Buying Process
13.2.3 Prominent Companies:
13.2.4 Small And Medium Enterprises:
13.3 Customer Actuator Selection Criteria
13.4 Testing
13.4.1 Selection Criteria
13.4.2 Problems Related To The Actuators/Actuation Systems Faced By Customers In The Testing Industry
13.5 Food & Beverage Industry
13.5.1 Selection Criteria
13.5.2 Major Problems Related To Actuator/Actuation Systems Faced By Customers In F&B Industry
13.5.3 Application Areas Of Actuators Being Used In F&B Industry
13.5.4 Factors That Will Affect The Demand For Actuators During The Next 3 To 5 Years
13.5.5 The Major Actuator/ Actuation System Buyers In F&B Industry
13.5.6 Major Actuator Suppliers For F&B Industry
13.6 Chemical Industry
13.6.1 Selection Criteria
13.6.2 Application Areas Wherein Actuators Are Being Used In Chemical Industry
13.6.3 Problems Related To Actuators/Actuation Systems Faced By Customers In Chemical Industry
13.6.4 Factors That Will Affect The Demand For Actuators During The Next 3 To 5 Years
13.6.5 Major Actuator/Actuation System Buyers In Chemical Industry
13.6.6 Major Actuator Suppliers For This Industry
13.7 Metals And Mining Industry
13.7.1 Selection Criteria
13.7.2 Application Areas Where Actuators Are Being Used In Metals & Mining Industry
13.7.3 Factors That Will Affect The Demand For Actuators During The Next 3 To 5 Years
13.7.4 Major Actuator/Actuation System Buyers In Metals & Mining Industry
13.7.5 Which Companies Are The Major Actuator Suppliers For This Industry?
13.8 Manufacturing & Construction Industry
13.8.1 Selection Criteria
13.8.2 Major Problems Related To Actuators/Actuation Systems Faced By Customers In Manufacturing & Construction Industry
13.8.3 What Are The Different Application Areas Wherein Actuators Are Being Used In Manufacturing & Construction Industry?
13.8.4 Factors That Will Affect The Demand For Actuators During The Next 3 To 5 Years
13.8.5 Major Actuator/Actuation System Buyers In Manufacturing & Construction Industry
13.8.6 Major Actuator Suppliers For Manufacturing & Construction Industry
13.9 Pharmaceutical And Health Care
13.9.1 Selection Criteria
13.9.2 Actuators/Actuation Systems Faced By The Customers In Pharmaceuticals Industry
13.9.3 Application Areas Wherein Actuators Are Being Used In Pharmaceuticals Industry
13.9.4 Factors That Will Affect The Demand For Actuators During The Next 3 To 5 Years
13.9.5 The Major Actuator/System Buyers In Pharmaceuticals Industry
13.9.6 Major Actuator Suppliers For Pharmaceuticals Industry
13.10 Pulp And Paper Industry
13.10.1 Selection Criteria
13.10.2 Major Problems Related To Actuators/Actuation Systems Faced By Customers In Pulp & Paper Industry
13.10.3 Different Application Areas Where Actuators Are Being Used In Pulp & Paper Industry
13.10.4 Factors That Will Affect The Demand For Actuators During The Next 3 To 5 Years
13.10.5 Major Actuator/Actuation System Buyers In Pulp & Paper Industry
13.10.6 Major Actuator Suppliers For Pulp & Paper Industry?
13.11 Water Treatment
13.11.1 Selection Criteria
13.11.2 Major Problems Related To Actuators/Actuation Systems Faced By Customers Water Treatment Industry
13.11.3 Applications, Wherein Actuators Are Used In Water Treatment Industry
13.11.4 Factors Affecting The Demand For Actuators In This Industry In The Next 3 To 5 Years
13.11.5 Which Companies Are Major Buyers Of Actuators/Actuation Systems In Water Treatment Industry?
13.11.6 Companies Are The Major Actuator Suppliers For Water Treatment Industry
13.12 Oil & Gas
13.12.1 Selection Criteria
13.12.2 Application Areas For Actuators In The Oil & Gas Industry
13.12.3 Major Problems Related To Actuators/Actuation Systems Faced By The Customers In Oil & Gas Industry
13.12.4 Actuators In The Next Three To Five Years
13.12.5 Major Suppliers Of Actuators For The Oil & Gas Industry.
13.12.6 Major Certifications Required For Actuators For The Oil & Gas Industry.
13.12.7 Major Actuator Buyers In The Oil & Gas Industry.
13.13 Aerospace
13.13.1 Selection Criteria
13.13.2 Major Problems Related To Actuator/Actuation Systems Faced By The Customers In Aerospace Industry
13.13.3 Application Areas Where Actuators Are Being Used In Aerospace Industry
13.13.4 Different Application Areas Within Flight Controls Where Actuators Are Used
13.13.5 Application Areas Within Flight Controls Where Linear Actuators Are Used
13.13.6 Changing Actuator Requirements In Furture
13.13.7 Major Suppliers Of Linear Actuators For The Aerospace Industry
13.13.8 Major Buyers Of Linear Actuators In The Aerospace Industry
13.14 Defense
13.14.1 Selection Criteria
13.14.2 Advantages Of Actuators In Defense
13.14.3 Problems Related To The Actuators/Actuation Systems Faced By Customers In The Defense Industry
13.14.4 Major Suppliers Of Linear Actuators In The Defense Industry
13.15 Power Generation
13.15.1 Selection Criteria
13.15.2 Applications For Which Actuators Are Used.
13.15.3 Application Areas For Actuators In The Power Generation Industry
13.15.4 Factors That Will Affect The Demand For Actuators During The Next 3 To 5 Years?
13.15.5 Customer Expectations For Actuators And Related Systems Suppliers Regarding Maintenance And Support
13.15.6 6major Suppliers Of Linear Actuators For The Power Generation Industry
13.15.7 Major Buyers Of Linear Actuators In The Power Generation Industry
13.16 Automotive Industry
13.16.1 Selection Criteria
13.16.2 Application Areas For Actuators In The Automotive Industry
13.16.3 Problems Related To Actuators/Actuation Systems Faced By The Customers In This Industry
13.16.4 Important Factors That Will Affect The Demand For Actuators During The Next 3 To 5 Years
13.16.5 Major Suppliers Of Linear Actuators For The Automotive Industry

14 Company Profiles
(Business Overview, Products Offered, Recent Developments, Swot Analysis, Mnm View)*
14.1 Introduction
14.2 Rockwell Automation
14.3 Moog
14.4 Smc
14.5 Curtis Wright (Exlar)
14.6 Abb
14.7 Imi Plc
14.8 Altra Industrial Motion
14.9 Tolomatic
14.10 Venture Mfg. Co.
14.11 Iai
14.12 Skf
14.13 Harmonic Drive Llc
14.14 Nook Industries, Inc.
14.15 Kollmorgen
14.16 Misumi Group Inc.
14.17 Dvg Automation
14.18 Macron Dynamics
14.19 Rotomation
14.20 Cedrat Technologies
14.21 Kinitics Automation
14.22 Festo

*Details On Business Overview, Products Offered, Recent Developments, Swot Analysis, Mnm View Might Not Be Captured In Case Of Unlisted Companies.

15 Appendix
15.1 Discussion Guide
15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
15.3 Available Customizations
15.4 Related Reports
15.5 Author Details

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