Robotics and Automation Actuators Market

New product developments have been the leading strategy adopted by major players from 2016 to 2018 in Robotics and Automation Actuators Market

The robotics and automation actuators market size is expected to grow from USD 15.8 billion in 2019 to USD 30.9 billion by 2024, at a CAGR of 14.37% during the forecast period. The major driving factors driving the robotics and automation actuators market are the increasing investments in process automation across industry verticals, rising demand for robots, and technological advancements in actuators.

The major players in the robotics and automation actuators market include Rockwell Automation (US), Moog (US), Curtiss Wright (US), ABB (Switzerland), and Altra Industrial Motion (US), among others. These players have adopted various growth strategies, such as partnerships, agreements, expansions, acquisitions & mergers, and new product developments, to expand their presence in the robotics and automation actuators market. New product developments has been the leading strategy adopted by major players from 2016 to 2018 and to innovate on their offerings and broaden their customer base.

To know about the assumptions considered for the study download the pdf brochure

ABB, a Switzerland-based company, is among the leading players in the robotics and automation actuators market. The company has a large value contract with major countries, such as China. The company holds a greater share in automating the industrial process across different industrial verticals. It has also been focusing on the acquisition of small players to increase its product offerings as well as market share. The company has adopted several other strategies, such as partnerships, agreements, and the establishment of new manufacturing facilities to strengthen its market position as well ensure future growth. ABB announced the establishment of the world’s most advanced robotics factory in Shanghai, China in October 2018 at an investment of USD 150 million.

Rockwell Automation is a leading supplier of control system products for factory automation. The company has a wide product offering catering to industries, such as automotive, marine, oil & gas, metals & mining, food & beverages, power generation, and textiles. The company has a wide distribution network in regions, such as North America, Europe, Asia Pacific, Africa, and Latin America. It has a well-organized and developed collaborative framework which allows collaboration with different industries, thus strengthening the company’s technological product offerings. The company has steady sales and good order backlog and invested 5.57% of its revenue on research & development activities in 2018.

Moog is a leading designer and manufacturer of precision motion and fluid control systems. The company offers a wide range of products for military and industrial systems. The company caters to industries, such as defense, space, energy, oil & gas, automotive, medical, and manufacturing. It has a wide distribution network and owns manufacturing facilities in the US, Germany, India, Japan, Netherlands, Canada, and China, among others.

Related Reports:

Robotics and Automation Actuators Market by Actuation (Electric, Pneumatic, Hydraulic), Application (Process Automation, Robotics), Industry (Automotive, Electronics, Healthcare), Design Characteristics (Load, Torque) & Region - Global Forecast to 2024

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
AS 6962
RI Published ON
3/6/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Robotics and Automation Actuators Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved