The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the automation components market further?
The growing demand for industrial robots in manufacturing processes is expected to propel the automation component market going forward. Industrial robots are programmable mechanical devices used for automation tasks in manufacturing processes, such as assembly, welding, painting, and material handling. The growing demand for industrial robots in manufacturing processes is driven by their ability to improve efficiency, precision, and productivity while reducing labor costs and enhancing safety. The automation component enhances the efficiency and functionality of industrial robots, streamlining manufacturing processes. For instance 2023, according to the World Robotics 2023 report published by the International Federation of Robotics, a Germany-based non-profit organization, in 2022, Japan had 414,281 operational robots, Europe had 728,391, and the Americas had 491,535 units (+9%). The US accounted for 7% of global robot installations, which grew by 7% to over 590,000 units in 2023. Therefore, the growing demand for industrial robots in manufacturing processes is driving the growth of the automation component market.
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What are the key factors influencing the forecasted market size of the automation components industry?
The automation components market size has grown rapidly in recent years. It will grow from $163.87 billion in 2024 to $184.86 billion in 2025 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to demand for customized solutions, cost reduction pressures, increasing demand for efficiency, labor shortages, and regulatory compliance.
The automation components market size is expected to see rapid growth in the next few years. It will grow to $294.44 billion in 2029 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to sustainability initiatives, digitalization trends, emergence of Industry 4.0, adoption of artificial intelligence, and supply chain resilience. Major trends in the forecast period include edge computing integration, growth of collaborative robots (cobots), adoption of predictive maintenance solutions, expansion of industrial internet of things (IIoT) applications, and additive manufacturing for custom components.
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Who are the leading competitors in 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 emerging trends are set to transform the automation components market landscape?
Major companies in the automation components market are developing advanced solutions such as sensor experience kits tailor-made for IoT engineering to meet the growing demand for integrated and scalable IoT solutions. This kit typically includes a variety of sensors, development boards, connectivity modules, and software tools designed to facilitate the rapid prototyping and development of IoT applications. For instance, in February 2023, Henkel AG & Co. KGaA, a Germany-based manufacturing company, launched the Sensor INKxperience Kit for IoT engineering. This kit offers four printed electronics technologies pre-configured with hardware and software, allowing professional engineers to explore and experiment with printed sensor technologies for IoT applications. The kit includes 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, enabling engineers to prototype and test sensor solutions quickly.
How do different geographies compare in terms of market share and growth potential 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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Which major segments of the automation components market are experiencing the fastest growth?
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
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How is the automation components market defined?
An automation component refers to a part or element within an automated system or process that performs a specific function to automate tasks or operations. These components can vary depending on the type of automation system but generally include hardware, software, or a combination of both designed to perform tasks with minimal human intervention.
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