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What Is the Growth Rate of the Automation Components Market?

In recent times, the size of the automation components market has seen a quick expansion. An increase from $163.87 billion in 2024 to $184.86 billion in 2025, equating to a compound annual growth rate (CAGR) of 12.8%, is forecasted. The historic growth can be linked to factors such as the need for personalized solutions, pressure to reduce costs, an increase in efficiency demands, labor scarcity, and regulatory compliance requirements.

What Growth Rate Is Forecasted for the Automation Components Market by 2029?

Expectations are high for a significant upswing in the automation components market size within the next few years, poised to reach $294.44 billion in 2029, boasting a compound annual growth rate (CAGR) of 12.3%. The anticipated growth in the forecast period can be tied to efforts of sustainability, increased digitalization, the rise of Industry 4.0, implementation of artificial intelligence, and improving resilience of the supply chain. Looking ahead, the forecast period is likely to see key developments such as the integration of edge computing, the proliferation of collaborative robots (cobots), the uptake of predictive maintenance solutions, a broadening scope for industrial internet of things (IIoT) applications, and the use of additive manufacturing in custom components productions.

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Which Key Companies Are Shaping the Future of the Automation Components Market?

Major companies operating in the automation components market are Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corporation, Nidec Corporation, TE Connectivity Ltd., Parker Hannifin Corporation, Emerson Electric Co., Svenska Kullagerfabriken, Rockwell Automation Inc., Danfoss, Omron Corporation, Bosch Rexroth AG, FANUC Corporation, SMC Corporation, Keyence Corporation, Yaskawa Electric Corporation, Festo AG & Co. KG, KUKA AG, Yokogawa Electric Corporation, National Instruments Corporation, Automotion Components Ltd

Which Factors Are Driving Demand in the Automation Components Industry?

The automation component market is poised for growth, propelled by the increasing demand for industrial robots in manufacturing processes. These programmable mechanical devices, used in an array of tasks including assembly, welding, painting, and material handling, are aiding manufacturing processes with their ability to enhance efficiency, precision, and productivity. They also reduce labor costs while bolstering safety. The automation component plays an integral role in heightening the efficiency and functionality of these industrial robots, thereby refining manufacturing processes. As stated in the World Robotics 2023 report by the Germany-based non-profit organization, the International Federation of Robotics, Japan had an impressive 414,281 functioning robots in 2022. Europe followed with 728,391 while the Americas rounded up to 491,535 units, evidencing an increase by 9%. The US made up 7% of global robot installations which grew by 7% to reach above 590,000 units in 2023. Consequently, the surge in demand for industrial robots in manufacturing processes is a primary driving force behind the growth of the automation component market.

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How Is the Automation Components Market Segmented by Several Divisions?

The automation components market covered in this report is segmented –

1) By Components: Rollers, Stages, Linear Shafts, Bushings, Linear Guides, Locating Pins, Bearings, Gears, Couplings, Other Components

2) By Solution: Supervisory Control And Data Acquisition, Programmable Logic Controller, Distributed Control System, Plant Asset Management, Functional Safety, Product Lifecycle Management, Manufacturing Execution System

3) By End User Industry: Automotive, Consumer Electronics, Pharmaceuticals, Food And Beverage, Packaging, 3D Printing, Semiconductors, Chemical, Other End-User Industries

Subsegments:

1) By Rollers: Conveyor Rollers, Guide Rollers, Idler Rollers, Ball Transfer Rollers

2) By Stages: Linear Stages, Rotary Stages, XY Stages, Precision Stages

3) By Linear Shafts: Hardened Linear Shafts, Ground Linear Shafts, Non-Ground Linear Shafts

4) By Bushings: Linear Bushings, Sleeve Bushings, Flanged Bushings, Bearings and Bushings Assemblies

5) By Linear Guides: Roller Linear Guides, Ball Linear Guides, Cross Roller Guides

6) By Locating Pins: Spring Loaded Locating Pins, Manual Locating Pins, Pneumatic Locating Pins

7) By Bearings: Ball Bearings, Roller Bearings, Thrust Bearings, Needle Bearings

8) By Gears: Spur Gears, Helical Gears, Bevel Gears, Worm Gears, Planetary Gears

9) By Couplings: Flexible Couplings, Rigid Couplings, Universal Couplings, Shaft Couplings

10) By Other Components: Fasteners, Clamps, Mounting Brackets, Drive Units, Sensors, Other Supporting Automation Components

What are the Emerging Market Trends Driving the Growth of the Automation Components Industry?

Leading businesses in the automation components market are innovating and providing advanced solutions including sensor experience kits, specifically designed for IoT engineering to cater to the surging demand for unified and expandable IoT solutions. These kits generally consist of various sensors, development boards, connectivity modules, and software tools, all created to expedite the prototyping and development process of IoT applications. For example, Henkel AG & Co. KGaA, a production firm based in Germany, launched the Sensor INKxperience Kit for IoT engineering in February 2023. This kit offers engineers access to four pre-configured printed electronics technologies, complete with both hardware and software to help engineers explore and experiment with printed sensor technologies for IoT applications. The kit comes with a leak detection sensor, a non-contact liquid level sensor, a positive temperature coefficient (PTC) heater, and single and multi-zone force-sensitive resistor (FSR) sensors, allowing engineers to rapidly prototype and assess sensor solutions.

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Which Regions Are Driving Growth in the Automation Components Market?

Europe was the largest region in the automation component market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the automation components market, and how is it changing globally?

2. Who are the major companies in the automation components market, and how are they performing?

3. What are the key opportunities and risks in the automation components market right now?

4. Which products or customer segments are growing the most in the automation components market?

5. What factors are helping or slowing down the growth of the automation components market?

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