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.
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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
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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.
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