Product Code: r6719
“Actuator Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on actuator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for actuator? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The actuator market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Pneumatic Actuators; Hydraulic Actuators; Electric Actuators; Mechanical Actuators
- 2) By Motion: Linear Actuator; Rotary Actuator
- 3) By End User: Automotive; Aerospace; Oil And Gas; Pharmaceutical; Power Generation; Food And Beverages; Chemicals; Mining; Other End Users
- Companies Mentioned: Emerson Electric Co.; ABB Ltd.; Rockwell Automation Inc.; Moog Inc.; SMC Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the actuator market are Emerson Electric Co., ABB Ltd., Rockwell Automation Inc., Moog Inc., SMC Corporation, Curtis Wright Corporation, Eaton Corporation Plc., Honeywell International Inc., Rotork Plc., Misumi Group Inc., Cameron International Corporation, Samson AG, Parker Hannifin Corporation, Venture MFG Co., and Altra Industrial Motion.
The global actuator market is expected to grow from $50.21 billion in 2022 to $54.85 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The actuator market is expected to grow to $76.64 billion in 2027 at a CAGR of 8.7%.
The actuator market consists of sales of lead screw actuators and manual valve actuators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
An actuator refers to a device that converts a control signal into mechanical action, such as driving an electric motor, to move or operate some machine. While actuators normally produce circular motion, they can also do so by using screws and wheel-and-axle systems to provide linear motion.
Asia-Pacific was the largest region in the actuator market in 2022. North America was the second-largest region in the actuator market. The regions covered in the actuator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The major types of actuators are pneumatic actuators, hydraulic actuators, electric actuators, and mechanical actuators. A pneumatic actuator is a mechanical device that converts energy into mechanical motion and is used in a variety of automotive applications, such as engine control, transmission control, and braking systems. The motion types include linear actuators and rotary actuators, which are used by several end users, such as automotive, aerospace, oil and gas, pharmaceutical, power generation, food and beverage, chemicals, mining, and others.
The growing popularity of electric vehicles is significantly contributing to the growth of the actuator market. Electric vehicles refer to those vehicles that have been partially or completely powered by electricity. Actuators are widely used in electric mobility to regulate component movement and serve a variety of functions in electric vehicles. For instance, in May 2022, according to the Global EV Outlook 2022 report shared by the International Energy Agency, a France-based autonomous intergovernmental organization, sales of electric vehicles had soared in 2021 and had continued to grow in 2022. In 2021, sales of electric vehicles (including completely electric and plug-in hybrid vehicles) increased to reach 6.6 million, a new high. Sales continued to grow rapidly into 2022 despite supply chain challenges, with 2 million electric cars sold globally in the first quarter, up by 75% from the same period a year earlier. By the end of 2021, there were around 16.5 million electric vehicles on the road worldwide, which was quadruple the number in 2018. Therefore, the growing popularity of electric vehicles is driving the growth of the actuator market going forward.
Product innovations have emerged as a key trend gaining popularity in the actuator market. Major companies operating in the actuator market are focused on developing and launching innovative products to strengthen their position in the market. For instance, in October 2021, Curtiss-Wright Corporation, a US-based aviation company and developer of edge sensors, controls, sub-systems, and mission-critical components, introduced the Exlar SA-R080 rotary and SA-L080 linear actuators with integral controls, the newest sense and control actuator model. The SA-080 is the first frame size (80 mm) in Curtiss-Harsh Wright's environment control and sense family of industrial electromechanical actuators. The SA series actuators provide force, precision, energy efficiency, and control while requiring less cabling, external servo controls, and integration than more traditional actuation solutions. The SA-080 series' features include a high-pressure seal and rod scraper for ingress protection, a standard rear manual drive for emergency operation, integrated power and control electronics tuned for high performance, and many others.
In August 2021, Volz Servos GmbH & Co. KG, a Germany-based developer and manufacturer of electro-mechanical actuators, acquired AEE GmbH for an undisclosed amount. Through this acquisition, Volz added AEE to its portfolio to meet the demand for certifiable electromechanical actuators from the UAV (unmanned aerial vehicle) and UAM (urban air mobility) markets. AEE GmbH is a Germany-based specialist avionics company that develops mechanical actuators for the aviation sector.
The countries covered in the actuator market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The actuator market research report is one of a series of new reports from The Business Research Company that provides actuator market statistics, including actuator industry global market size, regional shares, competitors with a actuator market share, detailed actuator market segments, market trends and opportunities, and any further data you may need to thrive in the actuator industry. This actuator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Actuator Market Characteristics
3. Actuator Market Trends And Strategies
4. Actuator Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Actuator Market
- 4.2. Ukraine-Russia War Impact On Actuator Market
- 4.3. Impact Of High Inflation On Actuator Market
5. Actuator Market Size And Growth
- 5.1. Global Actuator Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Actuator Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Actuator Market Segmentation
- 6.1. Global Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Pneumatic Actuators
- Hydraulic Actuators
- Electric Actuators
- Mechanical Actuators
- 6.2. Global Actuator Market, Segmentation By Motion, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Linear Actuator
- Rotary Actuator
- 6.3. Global Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Automotive
- Aerospace
- Oil And Gas
- Pharmaceutical
- Power Generation
- Food And Beverages
- Chemicals
- Mining
- Other End Users
7. Actuator Market Regional And Country Analysis
- 7.1. Global Actuator Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Actuator Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Actuator Market
- 8.1. Asia-Pacific Actuator Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Actuator Market
- 9.1. China Actuator Market Overview
- 9.2. China Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Actuator Market
- 10.1. India Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Actuator Market
- 11.1. Japan Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Actuator Market
- 12.1. Australia Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Actuator Market
- 13.1. Indonesia Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Actuator Market
- 14.1. South Korea Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Actuator Market
- 15.1. Western Europe Actuator Market Overview
- 15.2. Western Europe Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Actuator Market
- 16.1. UK Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Actuator Market
- 17.1. Germany Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Actuator Market
- 18.1. France Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Actuator Market
- 19.1. Eastern Europe Actuator Market Overview
- 19.2. Eastern Europe Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Actuator Market
- 20.1. Russia Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Actuator Market
- 21.1. North America Actuator Market Overview
- 21.2. North America Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Actuator Market
- 22.1. USA Actuator Market Overview
- 22.2. USA Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Actuator Market
- 23.1. South America Actuator Market Overview
- 23.2. South America Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Actuator Market
- 24.1. Brazil Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Actuator Market
- 25.1. Middle East Actuator Market Overview
- 25.2. Middle East Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Actuator Market
- 26.1. Africa Actuator Market Overview
- 26.2. Africa Actuator Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Actuator Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Actuator Market Competitive Landscape And Company Profiles
- 27.1. Actuator Market Competitive Landscape
- 27.2. Actuator Market Company Profiles
- 27.2.1. Emerson Electric Co.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. ABB Ltd.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Rockwell Automation Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Moog Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. SMC Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Actuator Market
29. Actuator Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer