Market Overview:
The global mechanical actuators market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for linear actuators and rotary actuators in various applications such as oil & gas, power generation, chemical, food & beverages, metals & mining, construction and healthcare. Additionally, the growing demand for mechanical actuators from emerging economies such as Asia Pacific and Latin America is also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market during the forecast period.
Product Definition:
Mechanical actuators are devices that convert energy into motion. They can be used to control the position or movement of objects, often by converting electrical or hydraulic energy into rotational or linear motion. Mechanical actuators are important for controlling machines and equipment in a wide range of industries, from automotive manufacturing to aerospace engineering.
Linear Actuators:
Linear actuators are used in various industries such as automotive, manufacturing, healthcare and food & beverages. The growth factor for the market is increasing demand from end-user industries. In addition, the need to replace conventional bulky hydraulic systems with smaller and more efficient linear actuators is also driving the market growth.
The global linear actuator industry was valued at USD 4.5 billion in 2016.
Rotary Actuators:
Rotary actuators are used in mechanical actuators market. They are widely used in food processing, packaging and material handling industries. The advantages of rotary over linear actuators include the ability to operate at high speed with a wide range of motion and simple design requirements.
The global mechanical actuator market was valued at USD 8,853 million in 2016.
Application Insights:
The oil & gas segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The high demand for energy, coupled with rising need for automation in upstream and downstream processes, is anticipated to drive the segment growth. In addition, growing investments by companies operating in this sector are likely to boost product demand.
The power generation application segment accounted for a share of 15% of the total revenue share in 2017 owing to increasing use of linear actuators as they offer compactness along with ease of installation and maintenance. Moreover, these actuators provide benefits such as smooth movement due to its gearless design; however, rotary actuators are preferred when it comes to heavy load applications since they offer higher strength than their counterparts do.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. These countries are experiencing strong economic growth owing to rapid industrialization and urbanization. Furthermore, increasing foreign investments coupled with favorable government policies are anticipated to drive the demand for mechanical actuators in this region over the forecast period.
The growing manufacturing sector across Asia Pacific has led to an increased demand for efficient machinery that consumes minimal energy resources; hence driving product demand across various industries such as automotive, construction equipment & parts manufacturing among others.
Growth Factors:
- Increasing demand for automation in various industries to increase the efficiency of processes is expected to drive the growth of the mechanical actuators market.
- Growing demand for electric vehicles is also expected to fuel the growth of the market as electric vehicles require advanced actuators for efficient functioning.
- Rising investments in research and development activities for new and innovative products is also anticipated to propel the growth of this market during the forecast period.
- The increasing use of robots in manufacturing and automotive industries is another key factor that is projected to boost demand for mechanical actuators over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mechanical Actuators Market Research Report
By Type
Linear Actuators, Rotary Actuators, Others
By Application
Oil & Gas, Power Generation, Chemical, Food & Beverages, Metals & Mining, Construction, Healthcare, Others
By Companies
Emerson, Honeywell, Moog, Rotork, Pentair, Parker Hannifin, Abb, Cameron, Smc, Eaton, Emerson, Fest
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Mechanical Actuators Market Report Segments:
The global Mechanical Actuators market is segmented on the basis of:
Types
Linear Actuators, Rotary Actuators, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Power Generation, Chemical, Food & Beverages, Metals & Mining, Construction, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emerson
- Honeywell
- Moog
- Rotork
- Pentair
- Parker Hannifin
- Abb
- Cameron
- Smc
- Eaton
- Emerson
- Fest
Highlights of The Mechanical Actuators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Linear Actuators
- Rotary Actuators
- Others
- By Application:
- Oil & Gas
- Power Generation
- Chemical
- Food & Beverages
- Metals & Mining
- Construction
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mechanical Actuators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mechanical actuators are devices that use energy to move or change the position of an object. They can be powered by electricity, gas, oil, or steam.
Some of the major players in the mechanical actuators market are Emerson, Honeywell, Moog, Rotork, Pentair, Parker Hannifin, Abb, Cameron, Smc, Eaton, Emerson, Fest.
The mechanical actuators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mechanical Actuators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mechanical Actuators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mechanical Actuators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mechanical Actuators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mechanical Actuators Market Size & Forecast, 2020-2028
4.5.1 Mechanical Actuators Market Size and Y-o-Y Growth
4.5.2 Mechanical Actuators Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Linear Actuators
5.2.2 Rotary Actuators
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Power Generation
6.2.3 Chemical
6.2.4 Food & Beverages
6.2.5 Metals & Mining
6.2.6 Construction
6.2.7 Healthcare
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mechanical Actuators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mechanical Actuators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Linear Actuators
9.6.2 Rotary Actuators
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Power Generation
9.10.3 Chemical
9.10.4 Food & Beverages
9.10.5 Metals & Mining
9.10.6 Construction
9.10.7 Healthcare
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Linear Actuators
10.6.2 Rotary Actuators
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Power Generation
10.10.3 Chemical
10.10.4 Food & Beverages
10.10.5 Metals & Mining
10.10.6 Construction
10.10.7 Healthcare
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Linear Actuators
11.6.2 Rotary Actuators
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Power Generation
11.10.3 Chemical
11.10.4 Food & Beverages
11.10.5 Metals & Mining
11.10.6 Construction
11.10.7 Healthcare
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Linear Actuators
12.6.2 Rotary Actuators
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Power Generation
12.10.3 Chemical
12.10.4 Food & Beverages
12.10.5 Metals & Mining
12.10.6 Construction
12.10.7 Healthcare
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Linear Actuators
13.6.2 Rotary Actuators
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Power Generation
13.10.3 Chemical
13.10.4 Food & Beverages
13.10.5 Metals & Mining
13.10.6 Construction
13.10.7 Healthcare
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mechanical Actuators Market: Competitive Dashboard
14.2 Global Mechanical Actuators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson
14.3.2 Honeywell
14.3.3 Moog
14.3.4 Rotork
14.3.5 Pentair
14.3.6 Parker Hannifin
14.3.7 Abb
14.3.8 Cameron
14.3.9 Smc
14.3.10 Eaton
14.3.11 Emerson
14.3.12 Fest
