Rotary Actuators Market by Product and Geography - Forecast and Analysis 2022-2026

Published: Aug 2022

Pages: 141

SKU: IRTNTR73264

Snapshot

The rotary actuators market share is expected to increase by USD 800.99 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.52%.

This rotary actuators market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers rotary actuators market segmentations by product (pneumatic rotary actuators, electric rotary actuators, and hydraulic rotary actuators) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The rotary actuators market report also offers information on several market vendors, including ABB Ltd., AUMA Riester GmbH and Co. KG, Curtiss Wright Corp., Emerson Electric Co., Flowserve Corp., Harmonic Drive Systems Inc., Holland Motion Group, IMI Critical Engineering, LINAK AS, MISUMI Group Inc., Moog Inc., Oriental Motor Co. Ltd., Parker Hannifin Corp., Pentair Plc, Rockwell Automation Inc., Rotomation Inc., Rotork Plc, Schlumberger Ltd., Siemens AG, SMC Corporation, and Tameson BV among others.

What will the Rotary Actuators Market Size be During the Forecast Period?

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Rotary Actuators Market: Key Drivers, Trends, and Challenges

The growth of industrial automation is notably driving the rotary actuators market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the rotary actuators industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Rotary Actuators Market Driver

The growth of industrial automation is one of the key drivers supporting the rotary actuators market size growth. For instance, process automation aids in continuous production processes to transform raw materials into final products, where the continuous process is monitored and controlled by actuators. Meanwhile, to increase productivity, manufacturers are integrating actuation devices into their manufacturing units. Significantly, rotary actuators are extensively used in various end-user industries like semiconductors, oil and gas, packaging, and aerospace and defense. For example, a printed circuit board (PCB) assembly unit works in a circular motion. The precision of the board's position is the most important requirement during the manufacturing process. Thus, electric rotary actuators are used to control and monitor the position of circuit boards over the PCB assembly unit. These factors will drive the rotary actuators market size growth during the forecast period.

Key Rotary Actuators Market Trend

The advent of flood-proof submersible electric actuators is one of the key rotary actuators market trends that is contributing to the market growth. The flood-proof submersible electric rotary actuator is a recent innovation in the global rotary actuators market. For instance, Emerson Electric launched EIM Aquanaught in August 2018. It is a waterproof submersible electric actuator designed to meet critical isolation demands in wastewater treatment plants during a large volume of water to be processed. The actuator can operate even when submerged under 150 feet of dirty water for seven days. The product features a mechanical design with a waterproof enclosure and hermetically sealed connections that ensure uninterrupted plant operation during flooding conditions. Such innovative product launches will propel the rotary actuators market growth during the forecast period.

Key Rotary Actuators Market Challenge

Volatility in raw material prices is one of the factors hindering the rotary actuators market growth. The key raw materials used in the manufacture of actuators are copper, stainless steel, and other metal alloys. However, the volatility in the prices of these raw materials can be a deterrent to market growth. The fluctuations in raw material prices might affect the productivity of the vendors. The highly competitive nature of the market prevents the vendors from transferring the increased cost to the end-user, which reduces their profit margins. Therefore, the volatility in the cost of raw materials is a key price challenge and might hinder the growth of the rotary actuators market during the forecast period.

This rotary actuators market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global rotary actuators market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the rotary actuators market during the forecast period.

Who are the Major Rotary Actuators Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the rotary actuators market encompasses successful business strategies deployed by the key vendors. The rotary actuators market is fragmented and the vendors are deploying growth strategies such as price, product differentiation, brand, quality, and performance to compete in the market.

Product Insights and News

ABB Ltd. - Through the motion segment, the company designs and manufactures electric motors, generators, drives, and services, as well as offers integrated digital powertrain solutions.
ABB Ltd. - The company offers rotary actuators such as PME120, RHDE250, RHDE800, RHDE2500, and RHDE4000.

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.

The rotary actuators market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Rotary Actuators Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the rotary actuators market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Rotary Actuators Market?

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32% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the rotary actuators market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rapid growth in the production and sales of robots will facilitate the rotary actuators market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 declined the growth of the rotary actuator market in APAC. However, in the first half of 2021, with the gradual decrease in the number of people affected by the disease and the lifting of lockdowns, factories and manufacturing units resumed operations and slowly gained their pace, which was hindered due to the pandemic. This led to an increase in the sales of automobiles. Thus, the rotary actuator market is expected to witness a high growth rate during the forecast period.

What are the Revenue-generating Product Segments in the Rotary Actuators Market?

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The rotary actuators market share growth by the pneumatic rotary actuators segment will be significant during the forecast period. The demand for pneumatic rotary actuators will increase with the expansion of petrochemical plants globally as rotary pneumatic actuators are used in the automated control valves of these petrochemical plants. Similarly, the oil and gas industry is also witnessing constant growth with the increasing demand for crude oil products. A considerable amount of demand for pneumatic rotary actuators is expected to come from the oil and gas industry. The other key contributor to the growth of the global pneumatic rotary actuators market will be the water and wastewater treatment industry and the mining industry. Overall, the global pneumatic rotary actuators market is expected to witness an accelerating year-over-year growth rate during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the rotary actuators market size and actionable market insights on post COVID-19 impact on each segment.

Rotary Actuators Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.52%
Market growth 2022-2026	$ 800.99 million
Market structure	Fragmented
YoY growth (%)	4.11
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	APAC at 32%
Key consumer countries	US, China, India, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ABB Ltd., AUMA Riester GmbH and Co. KG, Curtiss Wright Corp., Emerson Electric Co., Flowserve Corp., Harmonic Drive Systems Inc., Holland Motion Group, IMI Critical Engineering, LINAK AS, MISUMI Group Inc., Moog Inc., Oriental Motor Co. Ltd., Parker Hannifin Corp., Pentair Plc, Rockwell Automation Inc., Rotomation Inc., Rotork Plc, Schlumberger Ltd., Siemens AG, SMC Corporation, and Tameson BV.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Rotary Actuators Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive rotary actuators market growth during the next five years
Precise estimation of the rotary actuators market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the rotary actuators industry across North America, Europe, APAC, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of rotary actuators market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product

5.3 Pneumatic rotary actuators - Market size and forecast 2021-2026
- Exhibit 28: Chart on Pneumatic rotary actuators - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Pneumatic rotary actuators - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Pneumatic rotary actuators - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Pneumatic rotary actuators - Year-over-year growth 2021-2026 (%)

5.4 Electric rotary actuators - Market size and forecast 2021-2026
- Exhibit 32: Chart on Electric rotary actuators - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Electric rotary actuators - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Electric rotary actuators - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Electric rotary actuators - Year-over-year growth 2021-2026 (%)

5.5 Hydraulic rotary actuators - Market size and forecast 2021-2026
- Exhibit 36: Chart on Hydraulic rotary actuators - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Hydraulic rotary actuators - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Hydraulic rotary actuators - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Hydraulic rotary actuators - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 India - Market size and forecast 2021-2026
- Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)

7.12 France - Market size and forecast 2021-2026
- Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption

9.4 Industry risks
- Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 91: Vendors covered

10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification

10.3 ABB Ltd.
- Exhibit 93: ABB Ltd. - Overview
- Exhibit 94: ABB Ltd. - Business segments
- Exhibit 95: ABB Ltd. - Key offerings
- Exhibit 96: ABB Ltd. - Segment focus

10.4 AUMA Riester GmbH and Co. KG
- Exhibit 97: AUMA Riester GmbH and Co. KG - Overview
- Exhibit 98: AUMA Riester GmbH and Co. KG - Product / Service
- Exhibit 99: AUMA Riester GmbH and Co. KG - Key offerings

10.5 Curtiss Wright Corp.
- Exhibit 100: Curtiss Wright Corp. - Overview
- Exhibit 101: Curtiss Wright Corp. - Business segments
- Exhibit 102: Curtiss Wright Corp. - Key offerings
- Exhibit 103: Curtiss Wright Corp. - Segment focus

10.6 Emerson Electric Co.
- Exhibit 104: Emerson Electric Co. - Overview
- Exhibit 105: Emerson Electric Co. - Business segments
- Exhibit 106: Emerson Electric Co. - Key news
- Exhibit 107: Emerson Electric Co. - Key offerings
- Exhibit 108: Emerson Electric Co. - Segment focus

10.7 Flowserve Corp.
- Exhibit 109: Flowserve Corp. - Overview
- Exhibit 110: Flowserve Corp. - Business segments
- Exhibit 111: Flowserve Corp. - Key news
- Exhibit 112: Flowserve Corp. - Key offerings
- Exhibit 113: Flowserve Corp. - Segment focus

10.8 Harmonic Drive Systems Inc.
- Exhibit 114: Harmonic Drive Systems Inc. - Overview
- Exhibit 115: Harmonic Drive Systems Inc. - Business segments
- Exhibit 116: Harmonic Drive Systems Inc. - Key offerings
- Exhibit 117: Harmonic Drive Systems Inc. - Segment focus

10.9 Holland Motion Group
- Exhibit 118: Holland Motion Group - Overview
- Exhibit 119: Holland Motion Group - Product / Service
- Exhibit 120: Holland Motion Group - Key offerings

10.10 Pentair Plc
- Exhibit 121: Pentair Plc - Overview
- Exhibit 122: Pentair Plc - Business segments
- Exhibit 123: Pentair Plc - Key news
- Exhibit 124: Pentair Plc - Key offerings
- Exhibit 125: Pentair Plc - Segment focus

10.11 Rotork Plc
- Exhibit 126: Rotork Plc - Overview
- Exhibit 127: Rotork Plc - Business segments
- Exhibit 128: Rotork Plc - Key news
- Exhibit 129: Rotork Plc - Key offerings
- Exhibit 130: Rotork Plc - Segment focus

10.12 SMC Corporation
- Exhibit 131: SMC Corporation - Overview
- Exhibit 132: SMC Corporation - Business segments
- Exhibit 133: SMC Corporation - Key offerings
- Exhibit 134: SMC Corporation - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 135: Inclusions checklist
- Exhibit 136: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 137: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 138: Research methodology
- Exhibit 139: Validation techniques employed for market sizing
- Exhibit 140: Information sources

11.5 List of abbreviations
- Exhibit 141: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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