What is the global market size of Actuators Market?

Actuators Market size was valued at USD 59.13 billion in 2022 and is poised to grow from USD 63.27 billion in 2023 to USD 108.71 billion by 2031, growing at a CAGR of 7.0% in the forecast period (2024-2031).

Who are the key vendors in the Global Actuators Market?

The Global Actuators Market is relatively fragmented, with a huge level of competition. Company that manufactures RotoPR equipment. It is a well-known producer with a broad range of products, particularly in the areas of electric, hydraulic, and pneumatic actuators. Curtiss-Wright Corporation, Eaton Corporation Inc., Rockwell Automation Inc., and SMC Corporation are additional significant market participants. The main strategy used by the players in this market is the development of new technologies to provide their clients a wider range of products. The marketplace for actuators is competitive 'Honeywell International Inc.', 'Siemens AG', 'Emerson Electric Co.', 'ABB Ltd.', 'Rockwell Automation, Inc.', 'SMC Corporation', 'Flowserve Corporation', 'Bosch Rexroth AG', 'Parker Hannifin Corporation', 'Rotork Plc', 'Curtiss-Wright Corporation', 'Moog Inc.', 'Schneider Electric SE', 'Mitsubishi Electric Corporation', 'Nook Industries, Inc.', 'Altra Industrial Motion Corp.', 'Festo AG & Co. KG', 'KSB SE & Co. KGaA', 'IMI plc', 'Linak A/S'

What is the key driver of Global Actuators Market?

Vehicle safety regulations and vehicle standards mandated by government & regulatory authorities are prompting automakers to install safety systems in their vehicles, thereby driving the actuator market across the globe.

What is the key market trend for Global Actuators Market?

In May 2020, AUMA launched the high-performance PROFOX actuator series with advanced features. With built-in intelligence, low operating cost, high medical efficiency, and compact design, which is suitable for various industries like, combined heat and power plants, process industries, shipbuilding and water treatment.

Which region accounted for the largest share in Global Actuators Market?

In 2021, North America held the largest market share and dominated the market with market size of USD 12.87 billion.

Actuators Market Size

SkyQuest Technology's Actuators market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Actuators Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Actuators Market Insights

Actuators Market size was valued at USD 58.18 billion in 2023 and is poised to grow from USD 68.25 billion in 2024 to USD 109.28 billion by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).

Actuators are in high demand as more and more industries, such as manufacturing, aviation, and automobiles, become automated. The growing need for electric actuators, which are more accurate, require less energy, and require less maintenance than hydraulic and pneumatic actuators, is a major contributing factor to global actuators market growth.

Actuators can now work with the Internet of Things (IoT) and control motion in real time due to the transition to Industry 4.0 and smart factories. Additionally, miniature actuators are becoming more widely used in medicine, particularly robot-assisted treatments. One significant real-world example was Bosch Rexroth's ctrlX FLOW 6D contactless transport system. In May 2025, it was showcased at Automate 2025 in Detroit. By employing sophisticated actuators to enable free-floating motion in six degrees of freedom, this system demonstrates how actuator technology has evolved in contemporary manufacturing. Actuators are becoming more and more crucial in many high-performance applications as companies continue to strive for greater speed, accuracy, and flexibility.

What Role Do Actuators Play in Accelerating Industrial Automation?

Automation has grown in popularity due to developments in robotics, artificial intelligence, and machine learning. An actuator is a crucial component of all actuation systems and helps automate many processes and systems in the food, automotive, medical, transportation, and manufacturing industries. The global actuators industry is anticipated to expand during the forecast period as a result of growing industrial automation.

Bosch Rexroth's ctrlX FLOW 6D contactless transport system was introduced at Automate 2025 in Detroit in May 2025, making it the most notable event. This illustrated how modern actuators with six degrees of freedom can move. This illustrates how actuators are enhancing automated and robotic systems' speed, accuracy, and adaptability.

Actuators Market Report Snapshots

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FAQs

Global Actuators Market size was valued at USD 49.83 Billion in 2023 and is poised to grow from USD 53.07 Billion in 2024 to USD 87.83 Billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).

Companies are using tactics like developing new products, purchasing other businesses, and relocating in the fragmented actuators market. Large companies are concentrating on intelligent and energy-efficient actuator solutions for the automation, aerospace, and medical sectors. Two key actuators market strategies are collaborating with other businesses and integrating digitally (AI, IoT). New technologies in soft robotics and electroactive polymers are being developed by startups, which accelerate research and development for established companies and facilitate product customization for consumers. 'Rotork plc', 'SMC Corporation', 'Emerson Electric Co.', 'Honeywell International Inc.', 'ABB Ltd.', 'Parker Hannifin Corporation', 'Festo AG & Co. KG', 'Moog Inc.', 'Rockwell Automation, Inc.', 'AUMA Riester GmbH & Co. KG', 'Johnson Electric Holdings Limited', 'Curtiss-Wright Corporation', 'Allied Motion Technologies Inc.', 'Tolomatic, Inc.', 'MISUMI Group Inc.'

Actuators are being used more frequently as a result of the increased demand for industrial automation, particularly in the automotive, manufacturing, and electronics industries. Actuators and smart sensors are being used by an increasing number of businesses to automate repetitive tasks, increase operational efficiency, and reduce human error. The need for precise motion control components has increased due to the shift to Industry 4.0 and the growth of automated assembly lines, particularly in developing nations.

IoT and AI Integration for Intelligent Actuators: One of the key trends driving the growth of the global actuators industry is the integration of IoT and AI. In order to perform self-monitoring, diagnostics, and predictive maintenance, actuators are increasingly being connected to sensors, artificial intelligence algorithms, and Internet of Things platforms. By altering their operation in response to input from neighboring systems, smart actuators can reduce the likelihood of failure and increase the energy efficiency of systems. This trend is rapidly expanding in the fields of industrial automation, HVAC, and smart agriculture. In these domains, remote control and real-time performance insights are critical.

How are Infrastructure and Defense Shaping Actuator Demand in North America?

Actuators Market Size

Actuators Market Insights

Actuators Market Report Snapshots

FAQs

What is the global market size of Actuators Market?

Who are the key vendors in the Actuators Market?

What is the key driver of Actuators Market?

What is the key market trend for Actuators Market?

Which region accounted for the largest share in Actuators Market?

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