The Actuator Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Actuator Market?
The size of the actuator market has seen robust growth in recent years. In 2024, the market was valued at $58.91 billion, and it is projected to increase to $63.93 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Actuator Industry?
The actuator market is anticipated to increase significantly in the upcoming years, reaching a value of $90.8 billion in 2029 with a compound annual growth rate (CAGR) of 9.2%.
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What are the Key Growth Drivers Fueling the Actuator Market?
The key drivers in the actuator market are:
• Expansion of renewable energy and electrification of vehicles
• Advances in precision medicine, biotechnology and the focus on energy efficiency
• Rapid urbanization and infrastructure development
• Growth in robotics, automation and the rising adoption of pneumatic and hydraulic actuators in industrial applications
Global Market Segmentation: Identifying Major Actuator Industry Segments
The actuator market covered in this report is segmented –
1) By Type: Pneumatic Actuators, Hydraulic Actuators, Electric Actuators, Mechanical Actuators
2) By Motion: Linear Actuator, Rotary Actuator
3) By End User: Automotive, Aerospace, Oil And Gas, Pharmaceutical, Power Generation, Food And Beverages, Chemicals, Mining, Other End Users
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What are the Emerging Trends Shaping the Future of the Actuator Market?
The key trends in the actuator market are:
• The actuator market is witnessing a rising trend in the use of electric actuators.
• Advancements in smart actuators have become a significant new trend.
• The expansion of Industrial Internet of Things (IIoT) integration is shaping the actuator market.
• There's a growing trend in the use of miniaturization and high-precision actuators, including pneumatic and hydraulic actuators in industrial applications.
Who Are the Top Competitors & Leading Players in the Actuator Market?
Major companies in the actuator market are:
• Emerson Electric Co.
• ABB Ltd.
• Rockwell Automation Inc.
• Moog Inc.
• SMC Corporation
• Curtis Wright Corporation
• Eaton Corporation Plc
• Honeywell International Inc.
• Rotork Plc
• Misumi Group Inc.
• Cameron International Corporation
• Samson AG
• Parker Hannifin Corporation
• Venture MFG Co.
• Altra Industrial Motion
• Actuonix Motion Devices Inc.
• Aptiv PLC
• AUMA Riester Gmbh & Co. KG
• BorgWarner Inc.
• Continental AG
• Denso Corporation
• Festo AG & Co. K.G.
• Flowserve Corporation
• GEA Group AG
• General Electric Company
• Hitachi Ltd.
• IAV Automotive Engineering
• Johnson Controls International PLC
• KITZ Corporation
• Mecvel Technologies Private Limited
• Nidec Corporation
• Regal Rexnord Corporation
• Robert Bosch GmbH
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the actuator market in 2024
