Manufacturing Components

Actuators: Market Size, Growth & Forecast to 2030

The Actuators market is valued at about $69.2 billion (2026) and is projected to grow at a 6.8% CAGR through 2030. The largest cost driver is Stainless steel & structural metals (43% of spend). North America leads demand at 35%.

Market size
$69.2 bn (2026)
CAGR to 2030
+6.8%
Buyer power
Favours buyers
Tracked suppliers
9

Projected market growth to 2030

Market size index, 2026 = 100, at the 6.8% CAGR.

1391261131001002026106.82027114.12028121.82029130.12030138.92031

Cost structure

Stainless steel & structural metals
43%
Electric components & IoT sensors
25%
Conversion & precision manufacturing
18%
Energy & factory overhead
8%
Logistics & packaging
6%

Regional demand split

North America demand
35%
Asia-Pacific demand
40%
Europe demand
17%
Rest of world demand
8%

Key suppliers

Emerson Electric Co.ABB LtdSiemens AGSMC CorporationParker HannifinCurtiss-Wright
Read the full Actuators report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/actuators