Rotary Actuator Market Size, Share, Opportunities, And Trends By Type (Manual Rotary Actuator, Electric Rotary Actuator, Fluid Powered Rotary Actuator, Electrohydraulic Actuator, Others), By Application (Material Handling Equipment, Robotics, Farm Application, Steering System, Others), By End-User (Industrial, Aerospace & Defense, Marine, Agriculture, Others), And By Geography - Forecasts From 2024 To 2029

The global rotary actuator market was evaluated at US$1.607 billion in 2022 and is projected to grow at a CAGR of 5.78% to reach a market size of US$2.380 billion by 2029.

The rotary actuator is a mechanical device that transfers energy into torque by rotational motion. There are various types of rotary actuators available in the market to provide precise and controlled rotational motion for different fields of usage like aerospace & defense, agriculture, marine, robotics, and other industries. They are widely employed in different industries, contributing to the global rotary actuator market’s growth in the year ahead.

Global Rotary Actuator Market Drivers:

• Bolstering robotic applications is anticipated to propel the rotary actuator market growth.

Rotary actuators play a crucial role in enabling robotic systems to achieve precise and controlled rotational movements. They are utilized in robotic arms, grippers, manipulators, and other robotic components that require rotational motion. Industries such as automotive, logistics, and healthcare are increasingly adopting robotics to automate repetitive tasks and enhance efficiency.

The increasing installation of robots is driving the rotary actuator industry's growth. According to the International Federation of Robotics report of October 2022, global industrial robot installation increased to 517,385 new units in 2021, a 31% year-on-year growth.

• The utilization of robotic farming has widened the rotary actuator market size.

Farming robots require reliable, stable, and precise rotary actuators to obtain controlled and accurate movements. Rotary actuators are used in robotic arms, grippers, harvesters, and other components that require rotational motion. Implementing robotic farming equipment enables farmers to automate repetitive and labor-intensive tasks, improve efficiency, and achieve consistent results. Further, it accomplishes precise control over farming operations like depth of planting, spacing of seeds, and input application of crops.  

The launches of new robotic farming equipment accelerate the rotary actuator market growth. For instance, in February 2022, Verdant Robotics introduced its first multi-action autonomous farm robot for specialty crops, expanding its robot-as-a-service (RaaS) model to cater to more farmers' demands for sustainable and profitable growing practices. Additionally, in September 2023, Naïo, a French agricultural robotics manufacturer, now offers a 5-year warranty on new sales of its electric and CE/FCC-certified robots, including "Ted," "Jo," "Oz," and "Orio," a unique offering in the agriculture robotics industry.

• Increasing shipbuilding activity is predicted to boost the rotary actuator market growth.

Applications for rotary actuators aboard ships include steering, propulsion, and valve control. In steering systems, rotary actuators are essential components that allow exact control over the vessel's course. Furthermore, rotary actuators are used in valve control systems to manage the passage of gases or liquids through the ship's machinery. The growing shipbuilding activities drive the rotary actuator industry growth.

According to the report of the China Association of the National Shipbuilding Industry, China's total shipbuilding output was 37.86 million deadweight tonnages (DWT) last year, which was 47.3% of the world’s total. Moreover, Six Chinese shipbuilding enterprises were ranked among the world's top 10 in the three aforementioned indicators.

Global Rotary Actuator Market Geographical Outlook

• The Asia-Pacific region is predicted to dominate the market share.

The Asia-Pacific region will constitute a major share of the rotary actuator market due to the region's industrial expansion, increasing trend of robotics, and rising shipbuilding activities. For instance, in December 2021, the Chinese government released a Five-Year Plan for the robotic industry to strengthen China’s role as a manufacturer of robots and increase the application of such robots.  

Additionally, as per the Department of Fisheries, Government of India, under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), approved activities till April 2024 were 463 deep sea fishing vessels, 1,172 up-gradation of existing fishing vessels, and 2,255 bio-toilets in mechanized fishing vessels. These developments are expected to widen the rotary actuator market size in Asia Pacific.

Global Rotary Actuator Market Restraints:

• Intense market competition could hinder the rotary actuator market.

The market for rotary actuators is immensely competitive because many manufacturers offer large product portfolios. This environment of competition may put pressure on prices and shrink profit margins for businesses. Commoditization is another effect of competition that can make it difficult for producers to set themselves apart and gain market share.

Global Rotary Actuator Market Players and Products:

• Rotary actuators - AMETEK.Inc.'s product, featuring permanent magnet stepper or 28V DC brushless motor designs, can be customized for various applications like flight controls, cabin doors, cargo locks, fuel valves, and more. It offers integrated electronic control, rotary torque up to 600 ft-lbs, rotary potentiometers, limit switches, and optical switches.
• Rotary actuator SM4 - The Eckart SM4 rotary actuator is a compact, robust, wear-resistant, and efficient end cushioning device with an operating pressure of up to 250 bar (3,626 psi). Due to its torque, rotation angle, pressure range, positioning accuracy, stability, attachment type, and dimensions, it offers a wide range of applications.
• 11/22-MSQ - It is part of SMC Corporation's rotary actuator product line. The MSQ compact rotary table is a versatile tool for material transfer applications. It features load bearings, a mounting face, a rack-and-pinion style rotary actuator, seven sizes with rotational adjustments and auto switch capability, a hollow shaft, and direct load mounting.
• HEA(A) Compact Rotary Electric Actuator - The HEA(A)Series from Hearken is a compact, industrial-duty quarter-turn electric actuator designed for ball and butterfly valves. It offers 90°travel, output torques from 30Nm to 2000Nm, voltage options, and an ISO 5211 mounting pad.

Global Rotary Actuator Market Key Developments:

• March 2024- Kongsberg Automotive secured a contract worth over EUR 22 million for an electric rotary actuator for plug-in hybrid electric vehicles (PHEVs). The compact park lock actuator, designed to prevent vehicle movement during parking, is a key component of KA's PHEV system.
• January 2024- Emerson introduced the Eco-Friendly Electric Valve Actuator, the Fisher Easy-Drive 200R. This offers a reliable, sustainable alternative to gas-operated actuators, suitable for both globe and rotary valves.
• February 2023- Oilgear launched its latest SM helical rotary actuators at IFPE & CONEXPO-CON/AGG. These actuators feature an all-in-one design that replaces multiple components, and functions as a rotating device, mounting structure, and bearing.

 

• August 2022- ITT Inc. acquired Clippard Instrument Laboratories' product line to expand its product offering of rotary actuators, which are used in applications such as robotics, packaging, and automation.

Market Segmentation:

The rotary actuator market is segmented and analyzed as below:

• By Type
  • Manual Rotary Actuator
  • Electric Rotary Actuator
  • Fluid Powered Rotary Actuator
  • Electrohydraulic Actuator
  • Others
• By Application 
  • Material Handling Equipment
  • Robotics
  • Farm Application
  • Steering System
  • Others
• By End-User 
  • Industrial
  • Aerospace & Defense
  • Marine
  • Agriculture
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits for the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. ROTARY ACTUATOR MARKET, BY TYPE

5.1. Introduction

5.2. Manual Rotary Actuator

5.2.1. Market Opportunities and Trends

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Electric Rotary Actuator

5.3.1. Market Opportunities and Trends

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Fluid Powered Rotary Actuator

5.4.1. Market Opportunities and Trends

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

5.5. Electrohydraulic Actuator

5.5.1. Market Opportunities and Trends

5.5.2. Growth Prospects

5.5.3. Geographic Lucrativeness

5.6. Others

5.6.1. Market Opportunities and Trends

5.6.2. Growth Prospects

5.6.3. Geographic Lucrativeness

6. ROTARY ACTUATOR MARKET, BY APPLICATION

6.1. Introduction

6.2. Material Handling Equipment

6.2.1. Market Opportunities and Trends

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Robotics

6.3.1. Market Opportunities and Trends

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Farm Application

6.4.1. Market Opportunities and Trends

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

6.5. Steering System

6.5.1. Market Opportunities and Trends

6.5.2. Growth Prospects

6.5.3. Geographic Lucrativeness

6.6. Others

6.6.1. Market Opportunities and Trends

6.6.2. Growth Prospects

6.6.3. Geographic Lucrativeness

7. ROTARY ACTUATOR MARKET, BY END-USER

7.1. Introduction

7.2. Industrial

7.2.1. Market Opportunities and Trends

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Aerospace & Defense

7.3.1. Market Opportunities and Trends

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

7.4. Marine

7.4.1. Market Opportunities and Trends

7.4.2. Growth Prospects

7.4.3. Geographic Lucrativeness

7.5. Agriculture

7.5.1. Market Opportunities and Trends

7.5.2. Growth Prospects

7.5.3. Geographic Lucrativeness

7.6. Others

7.6.1. Market Opportunities and Trends

7.6.2. Growth Prospects

7.6.3. Geographic Lucrativeness

8. ROTARY ACTUATOR MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By Application

8.2.3. By End-User

8.2.4. By Country

8.2.4.1. USA

8.2.4.1.1. Market Opportunities and Trends

8.2.4.1.2. Growth Prospects

8.2.4.2. Canada

8.2.4.2.1. Market Opportunities and Trends

8.2.4.2.2. Growth Prospects

8.2.4.3. Mexico

8.2.4.3.1. Market Opportunities and Trends

8.2.4.3.2. Growth Prospects

8.3. South America

8.3.1. By Type

8.3.2. By Application

8.3.3. By End-User

8.3.4. By Country 

8.3.4.1. Brazil

8.3.4.1.1. Market Opportunities and Trends

8.3.4.1.2. Growth Prospects

8.3.4.2. Argentina

8.3.4.2.1. Market Opportunities and Trends

8.3.4.2.2. Growth Prospects

8.3.4.3. Others

8.3.4.3.1. Market Opportunities and Trends

8.3.4.3.2. Growth Prospects

8.4. Europe

8.4.1. By Type

8.4.2. By Application

8.4.3. By End-User

8.4.4. By Country

8.4.4.1. Germany

8.4.4.1.1. Market Opportunities and Trends

8.4.4.1.2. Growth Prospects

8.4.4.2. UK

8.4.4.2.1. Market Opportunities and Trends

8.4.4.2.2. Growth Prospects

8.4.4.3. France

8.4.4.3.1. Market Opportunities and Trends

8.4.4.3.2. Growth Prospects

8.4.4.4. Spain

8.4.4.4.1. Market Opportunities and Trends

8.4.4.4.2. Growth Prospects

8.4.4.5. Others

8.4.4.5.1. Market Opportunities and Trends

8.4.4.5.2. Growth Prospects

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By Application

8.5.3. By End-User

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.1.1. Market Opportunities and Trends

8.5.4.1.2. Growth Prospects

8.5.4.2. UAE

8.5.4.2.1. Market Opportunities and Trends

8.5.4.2.2. Growth Prospects

8.5.4.3. Others

8.5.4.3.1. Market Opportunities and Trends

8.5.4.3.2. Growth Prospects

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By Application

8.6.3. By End-User

8.6.4. By Country

8.6.4.1. China 

8.6.4.1.1. Market Opportunities and Trends

8.6.4.1.2. Growth Prospects

8.6.4.2. Japan

8.6.4.2.1. Market Opportunities and Trends

8.6.4.2.2. Growth Prospects

8.6.4.3. South Korea

8.6.4.3.1. Market Opportunities and Trends

8.6.4.3.2. Growth Prospects

8.6.4.4. India

8.6.4.4.1. Market Opportunities and Trends

8.6.4.4.2. Growth Prospects

8.6.4.5. Australia

8.6.4.5.1. Market Opportunities and Trends

8.6.4.5.2. Growth Prospects

8.6.4.6. Others

8.6.4.6.1. Market Opportunities and Trends

8.6.4.6.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. AMETEK.Inc.

10.2. Eckart GmbH

10.3. Electromech Technologies

10.4. Emerson Electric Co

10.5. HKS Dreh-Antriebe GmbH

10.6. Rotomation Inc.

10.7. SMC Corporation

10.8. The Kerry Company Inc

10.9. Hearken

AMETEK.Inc.

Eckart GmbH

Electromech Technologies

Emerson Electric Co

HKS Dreh-Antriebe GmbH

Rotomation Inc.

SMC Corporation

The Kerry Company Inc

Hearken