Press release
Comprehensive Automation Components Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Comprehensive Automation Components Market Trends
The automation components market has grown rapidly in recent years. It is expected to increase from $163.87 billion in 2024 to $184.86 billion in 2025 at a CAGR of 12.8%. The market's past expansion can be attributed to the demand for customized solutions, cost-cutting pressures, efficiency improvements, labor shortages, and regulatory compliance.
The automation components market is expected to grow rapidly, reaching $294.44 billion by 2029, at a CAGR of 12.3%. The growth can be attributed to sustainability initiatives, the rise of digitalization trends, the emergence of Industry 4.0, the adoption of artificial intelligence, and the need for supply chain resilience. Key trends in this market include the integration of edge computing, the growth of collaborative robots (cobots), the adoption of predictive maintenance solutions, the expansion of industrial IoT applications, and the use of additive manufacturing for custom components.
What Is Stimulating Growth in the Automation Components Market?
The growing demand for industrial robots in manufacturing is expected to propel the growth of the automation component market. Industrial robots are programmable devices used for various tasks like assembly, welding, and material handling. Their increasing use in manufacturing processes is driven by the need for higher efficiency, precision, and productivity while lowering labor costs. Automation components enhance the functionality of industrial robots, streamlining manufacturing processes. For example, the International Federation of Robotics reported that Japan had 414,281 operational robots in 2022, while Europe had 728,391 and the Americas had 491,535. In 2023, the U.S. accounted for 7% of global robot installations, with growth of 7%. Thus, the growing demand for industrial robots is driving the automation component market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14855&type=smp
Which Key Market Leaders Are Driving Automation Components Industry Growth?
Major companies operating in the automation components market are Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corporation, Nidec Corporation, TE Connectivity Ltd., Parker Hannifin Corporation, Emerson Electric Co., Svenska Kullagerfabriken, Rockwell Automation Inc., Danfoss, Omron Corporation, Bosch Rexroth AG, FANUC Corporation, SMC Corporation, Keyence Corporation, Yaskawa Electric Corporation, Festo AG & Co. KG, KUKA AG, Yokogawa Electric Corporation, National Instruments Corporation, Automotion Components Ltd
What Are the Emerging Trends in the Automation Components Industry?
In the automation components market, major companies are focusing on advanced solutions like sensor experience kits tailored for IoT engineering to meet the demand for integrated and scalable IoT solutions. For example, in February 2023, Henkel AG & Co. KGaA, a German manufacturing company, introduced the Sensor INKxperience Kit for IoT engineering. This kit includes various sensors, development boards, connectivity modules, and software tools to facilitate rapid prototyping and IoT application development.
What Are the Main Segments in the Automation Components Market?
The automation components market covered in this report is segmented -
1) By Components: Rollers, Stages, Linear Shafts, Bushings, Linear Guides, Locating Pins, Bearings, Gears, Couplings, Other Components
2) By Solution: Supervisory Control And Data Acquisition, Programmable Logic Controller, Distributed Control System, Plant Asset Management, Functional Safety, Product Lifecycle Management, Manufacturing Execution System
3) By End User Industry: Automotive, Consumer Electronics, Pharmaceuticals, Food And Beverage, Packaging, 3D Printing, Semiconductors, Chemical, Other End-User Industries
Subsegments:
1) By Rollers: Conveyor Rollers, Guide Rollers, Idler Rollers, Ball Transfer Rollers
2) By Stages: Linear Stages, Rotary Stages, XY Stages, Precision Stages
3) By Linear Shafts: Hardened Linear Shafts, Ground Linear Shafts, Non-Ground Linear Shafts
4) By Bushings: Linear Bushings, Sleeve Bushings, Flanged Bushings, Bearings and Bushings Assemblies
5) By Linear Guides: Roller Linear Guides, Ball Linear Guides, Cross Roller Guides
6) By Locating Pins: Spring Loaded Locating Pins, Manual Locating Pins, Pneumatic Locating Pins
7) By Bearings: Ball Bearings, Roller Bearings, Thrust Bearings, Needle Bearings
8) By Gears: Spur Gears, Helical Gears, Bevel Gears, Worm Gears, Planetary Gears
9) By Couplings: Flexible Couplings, Rigid Couplings, Universal Couplings, Shaft Couplings
10) By Other Components: Fasteners, Clamps, Mounting Brackets, Drive Units, Sensors, Other Supporting Automation Components
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automation-components-global-market-report
Which Geographic Area Leads the Automation Components Market?
Europe was the largest region in the automation component market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automation Components Global Market Report?
- Market Size Analysis: Analyze the Automation Components Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automation Components Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automation Components Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automation Components Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14855
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
•LinkedIn: https://in.linkedin.com/company/the-business-research-company
•Twitter: https://twitter.com/tbrc_info
•YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Comprehensive Automation Components Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034 here
News-ID: 3847794 • Views: …
More Releases from The Business Research Company
n-Butanol Market to Grow at 5% CAGR, Reaching $4.52 Billion by 2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
n-Butanol Market Outlook: How is the Market Expected to Grow by 2025?
The market size for n-butanol has been experiencing a consistent growth in the past few years. The market is projected to expand from $3.55 billion in 2024 to $3.72 billion in 2025, demonstrating a Compound Annual Growth Rate…
Acrylic Powder Coating Market is Anticipated to Expand upto $1.98 Billion in 202 …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Acrylic Powder Coating Industry?
The market for acrylic powder coating has seen sustained growth over the past few years. Expectations are for it to expand from a value of $1.53 billion in 2024 to $1.6 billion in 2025, reflecting a 4.5% compound…
L-lactide Industry Expected to Reach $2.64 Billion by 2029 at 12.7% CAGR
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
L-lactide Market Value Projection: How Much Will the Market Size by 2025?
The market size for l-lactide has experienced quick expansion in the past few years. The value is projected to increase from $1.45 billion in 2024 to $1.63 billion in 2025, representing a compound annual growth rate (CAGR) of 12.6%.…
Graphene Market is Anticipated to Expand upto $3.41 Billion in 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Graphene Industry?
In the latest years, the size of the graphene market has seen a substantial expansion. It is projected that it will rise from $1.32 billion in 2024 to $1.6 billion in 2025, with a compound annual growth rate (CAGR) of…
More Releases for Components
Train And Components Market Report 2024 - Train And Components Market Growth And …
"The Business Research Company recently released a comprehensive report on the Global Train And Components Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive…
PC Components Market High-Performance Components for Personal Computers and IT S …
Global PC Components Market Overview:
The PC Components market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the PC Components market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and globalization. This growth has created both…
Rubber Molding for Automotive Components and Sub-Components Market 2022 | Detail …
Global Rubber Molding for Automotive Components and Sub-Components Market 2022-2028, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @…
Rubber Molding For Automotive Components and Sub Components Market Is Thriving W …
Rubber Molding for Automotive Components & Sub-Components Market: Introduction
The process of rubber molding involves shaping rubber material into functional products in the automotive ancillary components industry. Products that are made through rubber molding are enclosed in a mold cavity instead of a die which can be made into complex as well as required shapes.
Some of the areas where rubber molded components are used in automotive are brakes, transmissions, steering, engines,…
Active Electronic Components Market - Increased The Need For Energy Efficient Ac …
According to a new market report published by Transparency Market Research “Active Electronic Components Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, the active electronic components market was worth US$ 182.9 Bn in 2014 and is expected to reach US$ 376.9 Bn by 2023, growing at a CAGR of 8.4% from 2015 to 2023. North America was the largest market for active electronic components…
Active Electronic Components Market - Miniaturized Electronic Components Are Als …
Electronic components can be broadly categorized into electromechanical components, active electronic components, and passive electronic components. The active electronic components refer to display device, semiconductor devices, and others. Various semiconductor devices include transistors, integrated circuits diodes, and optoelectronic components. In 2014, semiconductor devices held approximately 50% of the global active electronic components market. Reduction in component size and reliability boosted the growth of the market. This has propelled the usage…
