Actuators Market Global Forecast to 2024 by Actuation (Electrical, Pneumatic, Hydraulic), Type (Linear, Rotary), Applications, Vertical (Automotive, Electronics, Healthcare), Regions


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Shibuya Data Count

Jan 13, 2021, 07:40 EST


Shibuya-ku, Tokyo, Japan, Japan, Jan 13, 2021, 07:40 /Comserve / -- The actuators market includes key players, such as ABB (Switzerland), Rockwell Automation (US), Altra Industrial Motion (US), Moog (US), SMC (Japan), Curtiss Wright (US), and MISUMI (Japan), among others

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

The actuators market size is expected to grow from USD 49.2 billion in 2019 to USD 74.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period. The market for actuators is driven due to the increasing use of electric actuators and compact pneumatic actuators in robotics and automation applications across the globe. However, formulation and stringent implementation of various regulations to ensure increased safety, reduced power consumption, and noise & leak elimination in actuators are expected to restrain the growth of the actuators market across the globe.

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The actuators market includes key players, such as

ABB (Switzerland),
Rockwell Automation (US),
Altra Industrial Motion (US),
Moog (US),
SMC (Japan),
Curtiss Wright (US), and
MISUMI (Japan), among others

Pneumatic actuator to grow at highest CAGR during the forecast period in the actuators market

Based on actuation, the actuators market is segmented into pneumatic, hydraulic,electrical and others. The pneumatic actuation segment is projected to grow at the highest CAGR during the forecast period. Pneumatic actuators are expected to increase higher efficiency and greater levels of control. Major manufacturers of pneumatic actuators include Thomson Linear, SMC, ABB, Rockwell Automation, and Curtiss Wright, among others.

Vehicles and Equipment segment is estimated to account for the largest market share in the actuators market in 2019

The application segment of global actuators market has been segmented into robotics, industrial automation, and vehicles & equipment. The automation of parts includes various application areas across different industrial verticals where automation actuators are used. The robotics part consists of the robotic actuators required for industrial robots and the service robots which are used across various industrial verticals. The demand for factory automation is increasing across industries due to the changing consumption patterns, and production of goods & services. For example, in the food & beverages industry, manufacturers are employing mass customization capabilities to address the changing needs of customers. The demand for vehicles and equipments is increasing, which is increasing the demand for actuators used in vehicles and equipment market.

The actuators market in the Asia Pacific is projected to grow at the highest CAGR

The Asia Pacific region is estimated to lead the global actuators market in 2019, and the trend is expected to continue during the forecast period. This region is upgrading various capabilities by undertaking developments in the field of actuators. China and India are primarily investing in robotics and automation to enhance and gain a tactical edge. This is an excellent opportunity for actuator manufacturers to strengthen their businesses in the Asia Pacific region.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-106861

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

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

By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
By Designation: C-Level Executives– 35%, Directors – 25%, and Others – 40%
By Region: North America – 45%, Europe – 20%, Asia Pacific – 30%, Rest of the World 5%

Research Coverage:

The market study covers the actuators market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as actuation, type, application, vertical, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Reasons to buy this report:
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall actuators market and the subsegments. 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 will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.2.1 MARKETS COVERED 22
1.2.2 YEARS CONSIDERED FOR THE STUDY 23
1.3 CURRENCY 23
1.4 LIMITATIONS 24
1.5 MARKET STAKEHOLDERS 24
2 RESEARCH METHODOLOGY 25
2.1 RESEARCH DATA 25
2.1.1 SECONDARY DATA 27
2.1.1.1 Key data from secondary sources 27
2.1.2 PRIMARY DATA 28
2.1.2.1 Key data from primary sources 28
2.1.2.2 BREAKDOWN OF PRIMARIES 29
2.2 MARKET SIZE ESTIMATION 29
2.3 MARKET DEFINITION & SCOPE 29
2.3.1 SEGMENTS AND SUBSEGMENTS 30
2.3.2 SEGMENT DEFINITIONS 30
2.3.2.1 Actuators market, by actuation 30
2.3.2.2 Actuators market, by type 30
2.3.2.3 Actuators market, by application 30
2.3.2.4 Actuators market, by vertical 30
2.4 RESEARCH APPROACH & METHODOLOGY 31
2.4.1 BOTTOM-UP APPROACH 31
2.4.2 REGIONAL ACTUATORS MARKET 31
2.4.3 GENERAL APPROACH FOR THE ACTUATORS MARKET 31
2.4.4 ACTUATORS MARKET, BY ACTUATION 31
2.4.5 ACTUATORS MARKET, BY TYPE 32
2.4.6 ACTUATORS MARKET, BY APPLICATION 32
2.4.7 ACTUATORS MARKET, BY VERTICAL 32
2.4.8 TOP-DOWN APPROACH 33
2.5 DATA TRIANGULATION & VALIDATION 34
2.5.1 DATA TRIANGULATION THROUGH SECONDARY RESEARCH 34
2.5.2 DATA TRIANGULATION THROUGH PRIMARIES 34
2.6 RESEARCH ASSUMPTIONS 36
2.6.1 MARKET SIZING 36
2.6.2 MARKET FORECASTING 36
2.7 RISKS 37
2.8 OTHERS 37
2.8.1 LIMITATIONS/GRAY AREAS 37
3 EXECUTIVE SUMMARY 38
4 PREMIUM INSIGHTS 41
4.1 ATTRACTIVE OPPORTUNITIES IN ACTUATORS MARKET 41
4.2 ACTUATORS MARKET, BY ACTUATION 41
4.3 ACTUATORS MARKET, BY TYPE 42
4.4 ACTUATORS MARKET, BY REGION 42
5 ACTUATORS MARKET, BY ACTUATION 43

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-106861

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

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