Press release
Primary Catalyst Driving Automation Components Market Evolution in 2025: Rising Industrial Robot Demand Drives Automation Component Market Growth Driver
Automation Components Market
The automation component market is anticipated to be propelled by the increasing demand for industrial robots used in manufacturing procedures. These programmable mechanical tools, which are deployed for tasks such as assembly, welding, painting and material handling, are becoming increasingly sought after due to their ability to enhance efficiency, accuracy and productivity. They also reduce labor expenses and boost safety measures. The automation components further improve the effectiveness and functionality of these industrial robots, thereby streamlining the manufacturing processes. For instance, as per the World Robotics 2023 report by the International Federation of Robotics, a non-profit organization based in Germany, Japan had 414,281 functional robots while Europe possessed 728,391, and Americas had 491,535 units (+9%) in 2022. The US represented 7% of the total global installations, having grown by 7% to exceed 590,000 units in 2023. Hence, the increased application of industrial robots in manufacturing activities is driving the expansion of the automation component market.
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How will the growth rate of the automation components market shape industry trends by 2034?
In recent times, there has been a significant expansion in the size of the automation components market. The market, which is projected to rise from $163.87 billion in 2024, will reach $184.86 billion in 2025 with a compound annual growth rate (CAGR) of 12.8%. Factors such as the need for tailored solutions, growing pressures to reduce costs, the rising demand for efficiency, labor deficits, and regulatory compliance requirements have all contributed to the growth in the historic timeframe.
We're anticipating a rapid expansion in the automation components industry in the coming years, with the market projected to reach $294.44 billion by 2029, registering a compound annual growth rate (CAGR) of 12.3%. This surge in the predicted period is due to factors such as sustainability efforts, digital transformation, the rise of Industry 4.0, the integration of artificial intelligence, and the resilience of supply chains. Furthermore, key trends to watch out for during this forecast period encompass the incorporation of edge computing, the proliferation of collaborative robots (cobots), the implementation of predictive maintenance solutions, increased use of industrial internet of things (IIoT) applications, and the utilization of additive manufacturing for tailor-made components.
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How are the latest trends influencing the growth of the automation components market?
Major firms in the automation components sector are creating cutting-edge solutions such as sensor experience kits that are custom-made for IoT engineering in order to keep up with the growing need for streamlined and scalable IoT solutions. These kits usually comprise different sensors, development boards, connectivity modules, and software tools specifically constructed to expedite the quick prototyping and evolution of IoT applications. For example, in February 2023, Henkel AG & Co. KGaA, a manufacturing company based in Germany, introduced the Sensor INKxperience Kit for IoT engineering. This kit includes four types of printed electronics technologies that come with pre-configured hardware and software, enabling professional engineers to navigate and tinker with printed sensor technologies for IoT applications. The kit is packed with a leak detection sensor, a non-contact fluid level sensor, a positive temperature coefficient (PTC) heater, and single and multi-zone force sensitive resistor (FSR) sensors, which help engineers swiftly prototype and evaluate sensor solutions.
Which primary segments of the automation components market are driving growth and industry transformations?
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 geographical regions are pioneering growth in 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.
Who are the influential players reshaping the automation components market landscape?
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
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What Is Covered In The Automation Components Global Market Report?
• Market Size Forecast: Examine the automation components market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automation components market for a structured understanding.
• Key Players Overview: Analyze major players in the automation components market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automation components market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automation components market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automation components market.
• Industry Challenges: Identify potential risks and obstacles affecting the automation components market.
• Competitive Landscape: Review strategic developments in the automation components market, including expansions, agreements, and new product launches.
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