At a Staggering CAGR of 13.2%, Robotics and Automation Actuators Market to be Worth a Whopping $45.2 Billion by 2032 | ABB Ltd, Altra Industrial Motion, Crane Holdings, Curtiss-Wright Corp, Flowserve Corp, IMI, MISUMI Group Inc

Prime determinants of growth

The robotics and automation actuators market analysis are anticipated to expand significantly during the forecast period owing to increasing demand for industrial robots, process enhancement ability in 3D printing using linear actuators, surge in use of robots in healthcare and transportation sector. Additionally, during the forecast period, the robotics and automation actuators market is anticipated to increase the use of intelligent actuators for robotics and industrial automation. On the other hand, growth in the robotics and automation actuators market is expected to be restrained by high installation costs.

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Allied Market Research published a report, titled, "Robotics and Automation Actuators Market: Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global robotics and automation actuators industry generated $13.2 billion in 2022, and is anticipated to generate $45.2 billion by 2032, witnessing a CAGR of 13.2% from 2023 to 2032.

Leading Market Players: -

ABB Ltd, Altra Industrial Motion (Regal Rexnord), Crane Holdings, Co., Curtiss-Wright Corporation, Flowserve Corporation, IMI, MISUMI Group Inc., Moog, Rockwell Automation, SMC Corporation

The report provides a detailed analysis of these key players of the global robotics and automation actuators market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

North America to maintain its dominance by 2032.

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly one-third of the global robotics and automation actuators market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to rise in technological advancements and a well-established automotive industry.

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KEY FINDINGS OF THE STUDY:

• The robotics and automation actuators market growth is expected to witness significant growth in the coming years, driven by increasing demand for automation across various industries, advancements in robotics technology, and the need for precise control in industrial processes.

• Other factors driving the growth of the robotics and automation actuators market share include the increasing use of automation in the healthcare industry for surgeries and patient care, the growing demand for energy-efficient solutions, and the increasing adoption of industrial IoT (IIoT) for process optimization with the help of industrial automation actuators.

• Pneumatic is expected to be the fastest-growing market for robotics and automation actuators market size, driven by the increasing demand for automation in rural areas in countries such as China, India, and Japan.

• The robotics and automation actuators market is highly competitive, with several major players operating globally. To remain competitive, companies are focusing on product innovation, strategic partnerships, and expanding their distribution networks.

The pneumatic segment to maintain its leadership status throughout the forecast period.

Based on actuation, the pneumatic segment held the highest market share in 2022, accounting for more than one-third of the global robotics and automation actuators market revenue, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 13.82% from 2023 to 2032.

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The rotary segment to maintain its leadership status throughout the forecast period.

Based on type, the rotary segment held the highest market share in 2022, accounting for more than three-fourths of the global robotics and automation actuators market revenue, and is estimated to maintain its leadership status throughout the forecast period, as it has high demand for rotary actuators for servo motors.

The others segment to maintain its lead position during the forecast period.

Based on end use industry, the others segment accounted for the largest share in 2022, contributing to more than one-fourth of the global robotics and automation actuators market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to increase in demand for renewable energy sources and smart grids, growth in the biopharmaceutical industry.

Robotics and Automation Actuators Market Report Highlights

Type

• Rotary
• Linear

Actuation

• Electrical
• Mechanical
• Hydraulic
• Pneumatic

End Use Industry

• Oil and Gas
• Chemicals and CPI
• Water and Wastewater
• Paper and Pulp
• Mining
• Automotive
• Food and Beverages
• Others

By Region

• North America  (U.S., Canada, Mexico)
• Europe  (UK, Germany, France, Rest of Europe)
• Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
• LAMEA  (Latin America, Middle East, Africa)

Read More: https://www.alliedmarketresearch.com/robotics-and-automation-actuators-market-A74552

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