Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Actuators Market

Global Actuators Market Set to Expand at 5.23% CAGR over 2025
Asia Pacific to Resonate Strong Growth Opportunities for the Growth of Global Actuators Market
Actuators Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic
data, with forecast data to 2025. Actuators Market report is helpful for future strategy development,
and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth,
Trends, key players forecast to 2025.
As per Market Research Future (MRFR)’s analysis, the global actuators market is poised to expand at a
CAGR of 5.23% during the forecast period. The growth of the automotive sector is likely to influence the
expansion of the market positively through the assessment period. In addition, the shift witnessed
towards the electric cars is also expected to expedite the growth of the actuators market over the next
couple of Years.
The boosted sales of passenger cars and commercial vehicles is anticipated to augment the market size
and valuation in the years to come. The rising investments in technological innovations is prognosticated
to unleash new growth opportunities into the actuators market over the next few years.
The growing demand for lightweight components is anticipated to propel the expansion of the actuators
market across the assessment period. The standard fuel emission norms are projected to favor the
expansion of the actuators market in the upcoming years. However, the pricing policies of the
components is anticipated to check the expansion of the actuators market in the foreseeable future.
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Market Segmentation:
By type, the global actuators market has been segmented into market has been segmented as
pneumatic, electric, hydraulic, mechanical, and others. Among these, the electric segment presently
accounts for the maximum share of the global market and is projected to strike the highest CAGR of
5.61% during the review period. The growth of the segment can be ascribed to the cost effectiveness of
the electric actuators.
By End-User, the actuators market has been segmented into automotive, oil & gas, aerospace &
defense, pharmaceutical, power, food & beverages, chemicals, water & wastewater and mining &
metals. Among these, the automotive segment has the dominant share of the market and is poised to
strike a relatively higher CAGR of 6.11% during the forecast period. The rising demand for automobiles is
likely to influence the expansion of the segment positively.
Regional Analysis:
The global actuators market, by region, has been segmented into Americas, Europe, Asia Pacific and the
Middle East & Africa. Asia Pacific exhibits tremendous potential for growth and is poised to expand
significantly over the assessment period. The regional market is expected to strike a relatively higher
CAGR of 5.93% during the projection period. The growth of the automotive sector in the major country-
level markets such as India, China, Japan, etc. are expected to boost the growth trajectory of the
actuators market in the region. Furthermore, the consolidation of manufacturing facilities in the region