Press release
Rising Industrial Robot Demand Drives Automation Component Market Growth: A Significant Driver Propelling The Automation Components Market In 2025
Automation Components Market Size
What Is the Automation Components Market Size and Projected Growth Rate?
Recent years have seen a significant expansion in the size of the automation components market. The market, which was worth $163.87 billion in 2024, is forecasted to reach a value of $184.86 billion in 2025 at a compound annual growth rate (CAGR) of 12.8%. This growth during the historical period is linked to the increasing demand for tailor-made solutions, pressures to reduce costs, the necessity for greater efficiency, labor shortages, and adherence to regulatory requirements.
The market size of automation components is set to experience rapid expansion in the coming years, potentially reaching a value of $294.44 billion by 2029 with a compound annual growth rate (CAGR) of 12.3%. This forecasted growth can be linked to factors such as sustainability initiatives, the rise of digitalization, the advent of Industry 4.0, the utilization of artificial intelligence, and the resilience of the supply chain. Some of the trendsetters during this forecast period will include the integration of edge computing, the emergence of collaborative robots (cobots), the implementation of predictive maintenance solutions, the growth of industrial internet of things (IIoT) applications, and the use of additive manufacturing for custom components.
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What Are the Major 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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What Are The Driving Automation Components Market Evolution?
The burgeoning need for industrial robots within manufacturing operations is anticipated to boost the expansion of the automation component market. Industrial robots are programmable mechanical tools utilized for automated tasks in manufacturing processes including assembly, welding, painting, and material handling. This escalating need for industrial robots within manufacturing operations is spurred by their capacity to enhance efficiency, accuracy, and productivity while cutting down labor expenses and improving safety. The automation component boosts the effectiveness and functionality of industrial robots, making manufacturing operations more straightforward. For instance, in 2023, the World Robotics report produced by the International Federation of Robotics, a Germany-based non-profit organization, stated that in 2022, Japan had 414,281 working robots, Europe had 728,391, and the Americas had 491,535 units (+9%). The US represented 7% of worldwide robot installations, which rose by 7% to over 590,000 units in 2023. Therefore, this escalating need for industrial robots within manufacturing operations is fueling the expansion of the automation component market.
Which Firms Dominate The Automation Components Market Segments?
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 Major Trends Shaping the Automation Components Market?
Leading firms in the automation components market are working on state-of-the-art solutions like sensor experience kits customized for IoT engineering to meet the increasing need for integrated and easily scalable IoT applications. These kits usually feature a range of sensors, development panels, connectivity modules, and software tools aimed at expediting the prototyping and development of IoT projects. For example, Henkel AG & Co. KGaA, a manufacturing company based in Germany, unveiled the Sensor INKxperience Kit for IoT engineering in February 2023. This kit provides four pre-configured printed electronics technologies complemented by hardware and software, offering professional engineers a chance to explore and test printed sensor technologies for IoT use-cases. The kit features a leak detection sensor, a non-contact liquid level sensor, a positive temperature coefficient (PTC) heater, as well as single and multi-zone force sensitive resistor (FSR) sensors, all of which enable engineers to efficiently prototype and test sensor solutions.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automation Components Market?
2. What is the CAGR expected in the Automation Components Market?
3. What Are the Key Innovations Transforming the Automation Components Industry?
4. Which Region Is Leading the Automation Components Market?
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