Manufacturing Components · Direct
Monitoring · monthlyProcurement Category Intelligence
Actuators
Overview
Market size
$71.2B
global, USD
CAGR
7.1%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
6
tracked players
Signals
12
1 high severity
Market outlook
2031$100.4B
What changed
Demand by region
North America demand35%
Asia-Pacific demand40%
Europe demand17%
Rest of world demand8%
share of global demandtotal 100%
Cost drivers
Stainless steel & structural metals43%
Electric components & IoT sensors25%
Conversion & precision manufacturing18%
Energy & factory overhead8%
Logistics & packaging6%
share of delivered cost (analyst estimate)