Robotic and Automation Actuator Trends and Forecast
The future of the global robotic and automation actuator market looks promising with opportunities in the oil and gas, chemical and cpi, water and wastewater, paper and pulp, mining, automotive, and food and beverage sectors. The global robotic and automation actuator market is expected to reach an estimated $32.0 billion by 2030 with a CAGR of 12.4% from 2024 to 2030. The major drivers for this market are rising demand for industrial robots, growing investment for process automation in industrial sectors, and increasing adoption of 5G and AI enabled robotic mobility solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Robotic and Automation Actuator by Segment
The study includes a forecast for the global robotic and automation actuator by type, actuation, application, end use industry, and region.
Robotic and Automation Actuator Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Rotary
• Linear
Robotic and Automation Actuator Market by Actuation [Shipment Analysis by Value from 2018 to 2030]:
• Electrical
• Mechanical
• Hydraulic
• Pneumatic
Robotic and Automation Actuator Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Robotics
• Process Automation
Robotic and Automation Actuator Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Oil and Gas
• Chemicals and CPI
• Water and Wastewater
• Paper and Pulp
• Mining
• Automotive
• Food and Beverages
• Others
Robotic and Automation Actuator Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Robotic and Automation Actuator Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies robotic and automation actuator companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the robotic and automation actuator companies profiled in this report include-
• MISUMI
• Flowserve
• Crane Holdings
• ABB
• Altra Industrial Motion
• Rockwell Automation
• Moog
• IMI
• SMC
• Curtiss-Wright
Robotic and Automation Actuator Market Insights
Lucintel forecasts that robotic is expected to witness highest growth over the forecast period due to its increasing demand from large-scale businesses to use industrial robots in their manufacturing facilities.
Automotive will remain the largest segment due to increasing use of robotic and automation technology in this sector to improve production efficiency, reduced costs, and enhance safety by removing the need for workers to perform risky tasks.
APAC is expected to witness highest growth over the forecast period due to rising investment in robotics and automation to improve in industries process automation, favourable government support for micro- and small-business technological advancement, and presence of key players in the region.
Features of the Global Robotic and Automation Actuator Market
Market Size Estimates: Robotic and automation atuator market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Robotic and automation atuator market by various segments, such as by type, actuation, application, end use industry and region in terms of($B).
Regional Analysis: Robotic and automation atuator market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, actuations, applications, end use industries, and regions for the robotic and automation actuator market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the robotic and automation actuator market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the robotic and automation actuator market size?
Answer: The global robotic and automation actuator market is expected to reach an estimated $32.0 billion by 2030.
Q.2 What is the growth forecast for robotic and automation actuator market?
Answer: The global robotic and automation actuator market is expected to grow with a CAGR of 12.4% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the robotic and automation actuator market?
Answer: The major drivers for this market are rising demand for industrial robots, growing investment for process automation in industrial sectors, and increasing adoption of 5G and AI enabled robotic mobility solutions.
Q4. What are the major segments for robotic and automation actuator market?
Answer: The future of the robotic and automation actuator market looks promising with opportunities in the oil and gas, chemical and cpi, water and wastewater, paper and pulp, mining, automotive, and food and beverage sectors.
Q5. Who are the key robotic and automation atuator market companies?
Answer: Some of the key robotic and automation actuator companies are as follows:
• MISUMI
• Flowserve
• Crane Holdings
• ABB
• Altra Industrial Motion
• Rockwell Automation
• Moog
• IMI
• SMC
• Curtiss-Wright
Q6. Which robotic and automation actuator market segment will be the largest in future?
Answer: Lucintel forecasts that robotic is expected to witness highest growth over the forecast period due to its increasing demand from large-scale businesses to use industrial robots in their manufacturing facilities.
Q7. In robotic and automation actuator market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising investment in robotics and automation to improve in industries process automation, favourable government support for micro- and small-business technological advancement, and presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the robotic and automation actuator market by type (rotary and linear), actuation (electrical, mechanical, hydraulic, and pneumatic), application (robotics and process automation), end use industry (oil and gas, chemicals and CPI, water and wastewater, paper and pulp, mining, automotive, food and beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Robotic and Automation Actuator Market, Robotic and Automation Actuator Market Size, Robotic and Automation Actuator Market Growth, Robotic and Automation Actuator Market Analysis, Robotic and Automation Actuator Market Report, Robotic and Automation Actuator Market Share, Robotic and Automation Actuator Market Trends, Robotic and Automation Actuator Market Forecast, Robotic and Automation Actuator Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.