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Robotics Actuators Market Share

Report ID: GMI6718
Published Date: Sep 2023
Report Format: PDF

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Robotics Actuators Market Share

The robotics actuators market is highly competitive owing to the presence of key players such as

ABB
Altra Industrial Motion
Cedrat Technologies
Curtis Wright
DVG Automation
Emerson Electric CO.
Harmonic Drive LLC
Macron Dynamics
MISUMI Group Inc.
Moog
Nook Industries Inc.
Rockwell Automation
SKF
SMC
Tolomatic

Industry participants are expected to increase their foothold in the commercial industry with growing investments in facility centers & acquisitions. Significant investments in R&D to gain technological competitiveness and aggressive business strategies including technological launches, collaborations & long-term agreements with clients to capture the market share are positively impacting the market.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for robotics actuators was valued at USD 13.4 billion in 2022 and is anticipated to grow at a CAGR of over 10% between 2023 and 2032, driven by the increasing adoption of industrial automation, where in the mechanical components enable the movement & functionality of robots and automated machinery.

The rotary segment of robotics actuator market was valued at over USD 8.5 billion in 2022 and is expected to grow at a lucrative pace through 2032, owing to their versatility and efficiency.

Asia Pacific has a strong presence in the robotics actuators market, owing to the significant industrialization and automation across diverse sectors including manufacturing, automotive, and electronics.

ABB, Altra Industrial Motion, Cedrat Technologies, Curtis Wright, DVG Automation, Emerson Electric CO., Harmonic Drive LLC, Macron Dynamics, MISUMI Group Inc., Moog, Nook Industries Inc., Rockwell Automation, SKF, SMC, and Tolomatic.