Global Industrial Automation Spares Market

Industrial Automation Spares Market Size, Share, Growth Analysis, By Type (Electrical Component, Electronic Component), By End User (Oil and Gas, Automotive), By Region - Industry Forecast 2025-2032

Report ID: SQSG20I2030 | Region: Global | Published Date: January, 2025
Pages: 157 | Tables: 66 | Figures: 75

Industrial Automation Spares Market News

  • In July 2021, Rockwell Automation Inc., entered into a collaboration with a cloud-based product digitalization platform, Kezzler AS. The new collaboration is mainly aiming on enabling manufacturers to capture their products from various raw material sources to the point of sale with the help of cloud-based chain solutions.
  • In July 2021, Siemens AG, a leading global market player announced the expansion of its partnership with SAP SE for enhancing and delivering new solutions and asset lifecycle management. The partnership is aiming to connect plant floor operations, product development through digital twins.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Industrial Automation Market
Buy Now GET FREE SAMPLE
Industrial Automation Sensors Market
Buy Now GET FREE SAMPLE
Industrial Automation Software Market
Buy Now GET FREE SAMPLE
Industrial Automation and Control Systems Market
Buy Now GET FREE SAMPLE
Factory Automation Market
Buy Now GET FREE SAMPLE
Industrial Robots Market
Buy Now GET FREE SAMPLE
Automotive Garage Equipment Market
Buy Now GET FREE SAMPLE
Logistics Automation Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Industrial Automation Spares Market

Report ID: SQSG20I2030

$5,300
BUY NOW GET FREE SAMPLE