The industrial joysticks market size has the potential to grow by USD 71.01 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.30%.
This report provides a detailed analysis of the market by product (hydraulic industrial joysticks, electric industrial joysticks, and others), geography (Europe, North America, APAC, South America, and MEA), and key vendors.
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The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
Althen Sensors & Controls NL
Eaton Corporation Plc
Emerson Electric Co.
J.R. Merritt Controls Inc.
MEGATRON Elektronik GmbH & Co. KG
Parker Hannifin Corp.
Robert Bosch GmbH
Spohn & Burkhardt GmbH & Co. KG
The industrial joysticks market is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as increased demand for customized joysticks to achieve growth opportunities. However, factors such as lack of skilled machine operators will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the industrial joysticks market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This industrial joysticks market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
Industrial Joysticks Market: Key Drivers and Trends
The demand for customized industrial joysticks from manufacturing industries is rising.
The maritime, construction, and oil and gas industries require customized industrial joysticks to control different operations in their plant equipment.
To take advantage of this opportunity, vendors are providing uniquely customized joysticks as per the end-user requirements with more user-friendly features such as high-quality design, excellent touch and feel, protection from electromagnetic interference (EMI), and safety
In the heavy machinery segment, the demand for better machine control operations will augment growth in the global industrial joysticks market during the forecast period.
The development of operator chair systems is one of the key industrial joysticks market trends.
Integrated systems provide adjustability and switches for operator safety and comfort, taking ease-of-use and efficiency to new levels while using industrial joysticks.
The combined operating system structure comprises an assembly of different functions to enhance comfort and minimizes stressful seating spots for drivers and operators.
Consequently, the rapid adoption of operator chair systems is expected to induce growth in the global industrial joysticks market in the coming years.
32% of the market’s growth will originate from Europe during the forecast period. The UK is one of the key markets for industrial joysticks in Europe. Market growth in this region will be slower than the growth of the market in APAC, North America, and South America.
The extensive demand for the automation of heavy vehicles in the oil and gas, maritime, and construction industries is one of the prime factors that will facilitate the industrial joysticks market growth in Europe over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Industrial Joysticks Market: Segmentation by Product
Hydraulic joysticks are mostly used in heavy industries like maritime and oil and gas. Thus, the rise in oil and gas drilling activities and contracts will drive the demand for hydraulic industrial joysticks. The reason for the increasing use of these types of joysticks is the simplicity of operation, which just involves controlling pilot-operated valves directly and without electronic controls. Hence, the growth rate of the market segment is expected to be fast during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial joysticks market size.
Althen Sensors & Controls NL, Curtiss-Wright Corp., Danfoss AS, Eaton Corporation Plc, Emerson Electric Co., J.R. Merritt Controls Inc. , MEGATRON Elektronik GmbH & Co. KG, Parker Hannifin Corp., Robert Bosch GmbH, Spohn & Burkhardt GmbH & Co. KG are a few of the key vendors in the industrial joysticks market.