Dublin, May 07, 2025 (GLOBE NEWSWIRE) — The “Automation Components Market Opportunities and Strategies to 2033” has been added to ResearchAndMarkets.com’s offering.
This report describes and explains the Automation Components Market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global Automation Components Market reached a value of nearly $145.95 billion in 2023, having grown at a compound annual growth rate (CAGR) of 8.40% since 2018. The market is expected to grow from $145.95 billion in 2023 to $245.93 billion in 2028 at a rate of 11.00%. The market is then expected to grow at a CAGR of 11.50% from 2028 and reach $423.83 billion in 2033.
Growth in the historic period resulted from the growth of the automotive industry, increasing demand in the semiconductor industry, increasing demand for consumer electronics, increasing adoption of robotics, increasing demand for automation and a rise in smart manufacturing initiatives.
Factors that negatively affected growth in the historic period include high installation costs. Going forward, the increasing adoption of IoT (Internet of Things), increasing industrialization, strong economic growth in emerging markets, growing food and beverage sector, and increasing focus on energy efficiency will drive the market. Factors that could hinder the growth of the Automation Components Market in the future include a shortage of skilled professionals.
The Automation Components Market is segmented by component into rollers, stages, linear shafts, bushings, linear guides, locating pins, bearings, gears, couplings, and other components. The motors market was the largest segment of the Automation Components Market segmented by components, accounting for 21.94% or $32.03 billion of the total in 2023. Going forward, the stages segment is expected to be the fastest-growing segment in the Automation Components Market segmented by components, at a CAGR of 13.36% during 2023-2028.
The Automation Components Market is segmented by solution into Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Plant Asset Management (PAM), Functional Safety, Product Lifecycle Management (PLM), and Manufacturing Execution System (MES). The Distributed Control System (DCS) market was the largest segment of the Automation Components Market segmented by solution, accounting for 27.64% or $40.35 billion of the total in 2023. Going forward, the Supervisory Control and Data Acquisition (SCADA) segment is expected to be the fastest-growing segment in the Automation Components Market segmented by solution, at a CAGR of 12.69% during 2023-2028.
The Automation Components Market is segmented by end-user industry into automotive, consumer electronics, pharmaceuticals, food and beverages, packaging, 3D printing, semiconductors, chemicals, and other industries. The automotive market was the largest segment of the Automation Components Market segmented by end user industry, accounting for 24.92% or $36.37 billion of the total in 2023. Going forward, the 3D printing segment is expected to be the fastest-growing segment in the Automation Components Market segmented by industry, at a CAGR of 14.34% during 2023-2028.
Western Europe was the largest region in the Automation Components Market, accounting for 30.07% or $43.89 billion of the total in 2023. It was followed by North America, Asia-Pacific, and then the other regions. Going forward, the fastest-growing regions in the Automation Components Market will be Asia-Pacific and Africa, where growth will be at CAGRs of 13.13% and 12.55% respectively. The global Automation Components Market is fairly fragmented, with a large number of small players in the market. The top ten competitors in the market made up to 22.73% of the total market in 2023.
The market fragmentation can be attributed to the presence of small players in different geographies. Rockwell Automation, Inc. was the largest competitor with a 5.65% share of the market, followed by Siemens AG with 5.31%, AB SKF with 2.94%, Schneider Electric SE with 2.23%, Bosch with 1.49%, Parker Hannifin Corporation with 1.29%, Emerson Electric Co. with 1.17%, Regal Rexnord Corporation with 0.94%, ABB Ltd. with 0.88%, and Yaskawa Electric Corp. with 0.83%.
Report Highlights
Key Companies Mentioned: Rockwell Automation Inc, Siemens AG, AB SKF, Schneider Electric SE, BoschCountries: China, Australia, India, Indonesia, Japan, South Korea, USA, Canada, Brazil, France, Germany, Italy, Spain, UK, RussiaRegions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, AfricaTime Series: Five years historic and ten years forecast.Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, automation components indicators comparison.Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Key Attributes:
Report AttributeDetailsNo. of Pages352Forecast Period2023 – 2033Estimated Market Value (USD) in 2023$145.95 BillionForecasted Market Value (USD) by 2033$423.83 BillionCompound Annual Growth Rate11.2%Regions CoveredGlobal
Key Topics Covered:
Major Market Trends
New Manufacturing Plants for Factory Automation ComponentsUse of Generative AI to Enhance Automation EfficiencyIntroduction of Advanced Automation ProductsStrategic Partnerships and Collaborations Among Major Players
Key Mergers and Acquisitions
GPC Asia Pacific acquired Auto Parts Group (APG) – ITIS Holding Acquired VITRONIC GroupDynacon Industrial Limited Acquired TRIO Motion TechnologyDwyerOmega Acquired Automation Components, Inc.Galco Industrial Electronics (Galco) Acquired Zesco IncBruker Corporation Acquired Optimal Industrial Automation and TechnologiesRockwell Automation’s Acquiring CUBIC Expands Intelligent Motor Control PortfolioLeadec Acquired Elmleigh Electrical Systems LimitedRoBEX LLC Acquired Vantage Corporation
Companies Featured
Rockwell Automation IncSiemens AGAB SKFSchneider Electric SEBoschParker Hannifin CorporationEmerson Electric Co.Regal Rexnord CorporationABB LtdYaskawa Electric Corp.Dynacon Industrial LimitedMitsubishi Electric CorporationYaskawa Electric CorporationFANUC CorporationHoneywell International Inc.Yokogawa Electric CorporationKUKA AGGeneral Electric Company (U.S.)GPC Asia PacificAdvantech Co. Ltd.Larsen & Toubro (L&T)Fuji Electric Co., Ltd.Delta Electronics Limited SKFShanghai KGG Robots Co., Ltd.Henkel AG & Co. KGaABruker CorporationITISHolding Yaskawa Electric CorporationOMRON CorporationBosch Rexroth AGAMETEKAutomationDirectATS AutomationLINAMARMastrin Digital SolutionsDwyerOmegaPromation Engineering Ltd.LEAR Corporation Argentina S.R.L.Sick S.A.Festo Argentina S.A.ABB ArgentinaSiemens LtdaSchneider Electric BrazilWEG S.A.Emerson ChileSMC Chile S.A.OMRON PeruNova SMAR S/ABravo Motor CompanySoftBank Group Corp.Alat – PIFNEXTSILICONNintexPars KhodroMabtechAlFalakAlesayi MotorsKordsaPenta ElektronikShemesh AutomationEmirates AutomationAl-BaharSchneider Electric UAEEl-Nasr Automotive Manufacturing CompanyDonnelly GroupEgyptian Automotive Manufacturing Co. (EAM)Al Tayar AutomotivePeugeot Automobile Nigeria (PAN)Tenneco South AfricaHella South Africa
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