Top Industrial Automation Spares Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Industrial Automation Spares Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Industrial Automation Spares industry players.

Industrial Automation Spares Market Competitive Landscape

The global industrial automation spares market is fairly fragmented in nature with the existence of several well-known international and regional market players operating across the globe. Key market players are focusing on various business developing strategies such as developing innovative applications, mergers & acquisitions, partnerships, and collaborations to expand their market presence and product portfolio to cater the rising consumer need.

Top Players in Industrial Automation Spares Market

  • Siemens AG (Germany) 
  • ABB Ltd (Switzerland) 
  • Rockwell Automation (USA) 
  • Emerson Electric Co. (USA) 
  • Schneider Electric (France) 
  • Honeywell International Inc. (USA) 
  • Mitsubishi Electric Corporation (Japan) 
  • Yaskawa Electric Corporation (Japan) 
  • Rexel (France) 
  • Sonepar (France) 
  • WESCO International, Inc. (USA) 
  • Motion Industries (USA) 
  • Applied Industrial Technologies (USA) 
  • RS Components (UK) 
  • Mouser Electronics (USA) 
  • Spare Parts On-Demand (USA) 
  • Xometry (USA) 
  • SKF Group (Sweden) 
  • NSK Ltd. (Japan)

Industrial Automation Spares Market

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Global Industrial Automation Spares Market size was valued at USD 11.3 billion in 2023 and is poised to grow from USD 11.97 billion in 2024 to USD 18.93 billion by 2032, growing at a CAGR of 5.9% during the forecast period (2025-2032).

The global industrial automation spares market is fairly fragmented in nature with the existence of several well-known international and regional market players operating across the globe. Key market players are focusing on various business developing strategies such as developing innovative applications, mergers & acquisitions, partnerships, and collaborations to expand their market presence and product portfolio to cater the rising consumer need. 'Siemens AG (Germany) ', 'ABB Ltd (Switzerland) ', 'Rockwell Automation (USA) ', 'Emerson Electric Co. (USA) ', 'Schneider Electric (France) ', 'Honeywell International Inc. (USA) ', 'Mitsubishi Electric Corporation (Japan) ', 'Yaskawa Electric Corporation (Japan) ', 'Rexel (France) ', 'Sonepar (France) ', 'WESCO International, Inc. (USA) ', 'Motion Industries (USA) ', 'Applied Industrial Technologies (USA) ', 'RS Components (UK) ', 'Mouser Electronics (USA) ', 'Spare Parts On-Demand (USA) ', 'Xometry (USA) ', 'SKF Group (Sweden) ', 'NSK Ltd. (Japan)'

Rising adoption of Industry 4.0 has transformed the global supply chain across several industries coupled with the changing consumer requirements like personalized and instantaneous services are key factors expected to drive the growth of the global industrial automation spares market during the forecast period. Along with the rapidly growing technology, various market players partnering with techno-savvy companies for developing new solutions are also anticipated to propel the growth of the global market over the coming years. For instance, in February 2020, Honeywell International Inc., and Tech Mahindra Limited entered into a strategic partnership to develop “Factories of the Future” by comprising with digital technologies.

Increasing R&D to Surge Industrial Automation Spares Market Growth: Increasing R&D activities in biotechnology, immunology, cancer, and other sectors are fueling the market expansion across the world. Major companies of the industry are mainly focusing on the development of latest technology products for the ease of use and comfort for consumers. And, a rapid growth in the population across the world has led to increase in disease, which has resulted positively to the Global Industrial Automation Spares Market.

Globally, Asia Pacific dominated the industrial automation spares market with a holding of significant revenue share in 2021 and is projected to maintain its dominance throughout the forecast period. Rapid growth in population, urbanization, increasing wages, and lower production cost are key factors projected to drive the growth of the regional market in the coming years. Furthermore, Asia Pacific region provides lucrative growth opportunities for the adoption of automation solutions because of its huge manufacturing sector and easy availability of workers.

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Global Industrial Automation Spares Market
Industrial Automation Spares Market

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