by The automation components market size is poised to grow by USD 301.19 billion by 2032 from USD 129.85 billion in 2023, exhibiting a CAGR of 9.80% during the forecast period 2023-2032.
Key Takeaways
- Europe contributed more than 34% of revenue share in 2022.
- Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By component, the motors segment has held the largest market share of 23% in 2022.
- By component, the stages segment is anticipated to grow at a remarkable CAGR of 10.4% between 2023 and 2032.
- By end-user industry, the automotive segment generated over 24% of revenue share in 2022.
- By end-user industry, the 3D printing segment is expected to expand at the fastest CAGR over the projected period.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Automation components market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Automation components Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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Automation Components Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 9.80% |
| Market Size in 2023 | USD 129.85 Billion |
| Market Size by 2032 | USD 301.19 Billion |
| Largest Market | Europe |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Component and By End User Industry |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: Air Transport MRO Market Size To Rake USD 129.70 Bn By 2032
The empirical study on the global Automation components market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Automation components Market. Our market report for the Automation components market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
Automation Components Market Players
- Siemens AG
- ABB Ltd
- Rockwell Automation, Inc.
- Schneider Electric SE
- Mitsubishi Electric Corporation
- Emerson Electric Co.
- Honeywell International Inc.
- General Electric Company
- Omron Corporation
- Keyence Corporation
- Yokogawa Electric Corporation
- FANUC Corporation
- Bosch Rexroth AG
- Parker Hannifin Corporation
- Schneider Electric SE
Data Sources and Methodology
To gather comprehensive insights on the Global Automation components Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Automation components Market.
The most resonating, simple, genuine, and important causes because of which you must decide to buy the Automation components market report exclusively from precedence research
- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
By Component
- Rollers
- Stages
- Linear Shafts
- Bushings
- Linear Guides
- Locating Pins
- Bearings
- Gears
- Couplings
- Actuators
- Motors
- Sensors
- Screws
By End User Industry
- Automotive
- Consumer Electronics
- Pharmaceuticals
- Food and Beverage
- Packaging
- 3D Printing
- Semiconductors
- Chemical
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global Automation components market.
- Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
- Benefit from in-depth research and analysis of the latest trends shaping the global Automation components market.
- Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Automation components market.
- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global Automation components market but also the strategic plans of industry leaders.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Automation Components Market
5.1. COVID-19 Landscape: Automation Components Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Automation Components Market, By Component
8.1. Automation Components Market Revenue and Volume, by Component, 2023-2032
8.1.1. Rollers
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Stages
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Linear Shafts
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Bushings
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Linear Guides
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
8.1.6. Locating Pins
8.1.6.1. Market Revenue and Volume Forecast (2020-2032)
8.1.7. Bearings
8.1.7.1. Market Revenue and Volume Forecast (2020-2032)
8.1.8. Gears
8.1.8.1. Market Revenue and Volume Forecast (2020-2032)
8.1.9. Couplings
8.1.9.1. Market Revenue and Volume Forecast (2020-2032)
8.1.10. Actuators
8.1.10.1. Market Revenue and Volume Forecast (2020-2032)
8.1.11. Motors
8.1.11.1. Market Revenue and Volume Forecast (2020-2032)
8.1.12. Sensors
8.1.12.1. Market Revenue and Volume Forecast (2020-2032)
8.1.13. Screws
8.1.13.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Automation Components Market, By End User Industry
9.1. Automation Components Market Revenue and Volume, by End User Industry, 2023-2032
9.1.1. Automotive
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Consumer Electronics
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Pharmaceuticals
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Food and Beverage
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
9.1.5. Packaging
9.1.5.1. Market Revenue and Volume Forecast (2020-2032)
9.1.6. 3D Printing
9.1.6.1. Market Revenue and Volume Forecast (2020-2032)
9.1.7. Semiconductors
9.1.7.1. Market Revenue and Volume Forecast (2020-2032)
9.1.8. Chemical
9.1.8.1. Market Revenue and Volume Forecast (2020-2032)
9.1.9. Others
9.1.9.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Automation Components Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.1.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.1.3.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.1.4.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.2.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.2.3.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.2.4.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.2.5.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.2.6.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.3.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.3.3.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.3.4.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.3.5.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.3.6.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.4.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.4.3.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.4.4.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.4.5.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.4.6.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.5.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.5.3.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Component (2020-2032)
10.5.4.2. Market Revenue and Volume Forecast, by End User Industry (2020-2032)
Chapter 11. Company Profiles
11.1. Siemens AG
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. ABB Ltd
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Rockwell Automation, Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Schneider Electric SE
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Mitsubishi Electric Corporation
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Emerson Electric Co.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Honeywell International Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. General Electric Company
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Omron Corporation
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Keyence Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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