The global actuators market is estimated to be $37.38 billion in 2014, and it is expected to grow at a CAGR 8.00% to reach $59.32 billion by 2019. The key market drivers identified for such growth are raising industrialization in developing countries, increase in the demand for vehicles, metals, minerals, processed goods, and technology advancement. The actuators market is in the growing stage; there by, demanding attention for up gradation and renovation of the products.
Industrial sector holds the largest market share of the actuators market. Region wise, U.S. and APAC hold a major market share of the actuators market. The key players in actuators market are Rotork, SMS, Fiesto, Honeywell, Emerson, Parker Hannifin, etc. mainly from U.S and U.K. India, China and Africa are enlisted as new growth markets for actuators in near future.
Browse more than 72 market data tables with 14 figures spread through 147 pages and in-depth TOC on "Global Actuators Market - Forecast Analysis (2014-2019)"
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The Global Actuators Market is mainly driven by the growing industrialization in the developing countries. The rising demand of vehicles, metals, minerals processed goods and technology advancement are identified as the other driving factors. North America is by far the largest market for actuators mainly, because there is sustaining growth in aerospace and defense actuators market, and major players such as Honeywell, Moog, SAAB, Parker Hannifin, etc. are based out in this area. Booming industrialization in countries such as Mexico creates substantial demand for actuators with respect to machinery there fore growth of actuators market, will remain stable in next five years for these region.
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- Global actuators systems market is estimated to be $37.38 billion in 2014, and it is expected to grow at a CAGR of 8.00% to reach $59.32 Billion by 2019
- Rapid industrialization in growing economy, increasing demand for efficient transport systems and massive demand for energy, metals, minerals and processed goods act as the major divers for this sector
- Industrial sector is estimated to grow at with a CAGR of 8.00% and recorded as the highest growth area comparing its other competitive sub sectors
- North America and APAC are holding the highest market share with an estimated market size of $7.85 billion and $7.48 billion, respectively
- The key players for this market are concentrated in U.S and Europe and they are responsible for major innovations and setting up market trends
Economical crises have strongly affected the manufacturing sector of European market, hence there is decline in industrial output. However, the actuators market in Europe is estimated to grow at a CAGR of 6.00% to reach $8.67 billion in 2019. Asia-Pacific is one of the fastest growing regions in actuators market. Major industrialization is in progress in this area.
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The Global Actuators Market report provides in depth analysis of drivers, challenges, restraints, and opportunities impacting the industry. It also discusses about the industry, market, and technology trends that are currently prevailing in the global actuators market. It tracks, analyzes, and lays out the market size of the major sub sectors in each region. It provides information about the leading competitors in the global actuators market. Apart from a general overview of the companies, it also provides details on their financial positions, key products, their unique selling points, and key developments. This research report also segments the market on the basis of sub sectors such as industry, automobile, aerospace and defense, health care, marine and mining.
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