The North America Automation Components Market would witness market growth of 8.9% CAGR during the forecast period (2023-2029).
Automakers are using industrial automation technology to improve it, from research to design, manufacturing, and even marketing campaigns for their products to stay competitive. Many pieces of technology, including robotics, automobiles, manufacturing equipment, and spare parts, use automation components.
Automation components are utilized in several consumer electronics items, including TVs, refrigerators, ovens, and other household goods. Robots are used in the pharmaceutical business for various applications and goods due to improved automation components and enhanced flexibility. Pharmaceutical businesses, medical device makers, hospitals, and clinics use robots. Since they offer a wide variety of practically infinite applications, linear shafts have demonstrated their value for many years.
Effective solutions are now possible for activities in the food, semiconductor, and medical technology industries due to the broad range of formats, versions, and material components. These applications extend beyond the traditional domains of general and special-purpose machinery, jigs, and fixtures. They stand out for their outstanding performance in environments with high thermal loads or significant pollution. The market is predicted to increase due to the growing use of linear shafts along various vertical lines. Its durability, accuracy, and high quality are acknowledged to fuel the market's expanding expansion.
The region's automotive demand is continually changing due to expanding commodities & resource trade volumes, expanded globalization of value chains, developments in drive technology & CO2 emissions, and a focus on vehicle and passenger safety. In North America, there is a considerable demand for bearings. The sector thrives due to the increasing need for commodities such as ball bearings, roller bearings, and plain bearings. As the automotive sector expands, automotive bearings are gaining popularity among bearing manufacturers. In light of this, the growth of the North American market is supported by the expansion of the automotive industry.
The US market dominated the North America Automation Components Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $44,617.3 million by 2029. The Canada market is poised to grow at a CAGR of 11.4% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 10.4% during (2023 - 2029).
Based on Component, the market is segmented into Motors, Gears, Actuators, Bearing, Sensors, Locating Pins, Bushing & Coupling, Linear Shafts & Guides, Rollers, Screws and Stages. Based on Industry, the market is segmented into Automotive, Consumer Electronics, Chemical, Food & Beverage, Pharmaceutical, Semiconductors, Packaging and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Automation Components Market is Projected to reach USD 211.5 Billion by 2029, at a CAGR of 9.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bosch Rexroth AG (Robert Bosch GmbH), AB SKF, Emerson Electric Co., Nidec Corporation, Parker Hannifin Corporation, Rockwell Automation, Inc., Shanghai KGG Robots Co., Ltd., Automotion Components Ltd (The Wixroyd Group) and Stock Drive Products/Sterling Instrument (Designatronics, Inc.)
Scope of the Study
Market Segments Covered in the Report:
By Component
- Motors
- Gears
- Actuators
- Bearing
- Sensors
- Locating Pins
- Bushing & Coupling
- Linear Shafts & Guides
- Rollers
- Screws
- Stages
By Industry
- Automotive
- Consumer Electronics
- Chemical
- Food & Beverage
- Pharmaceutical
- Semiconductors
- Packaging
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Bosch Rexroth AG (Robert Bosch GmbH)
- AB SKF
- Emerson Electric Co.
- Nidec Corporation
- Parker Hannifin Corporation
- Rockwell Automation, Inc.
- Shanghai KGG Robots Co., Ltd.
- Automotion Components Ltd (The Wixroyd Group)
- Stock Drive Products/Sterling Instrument (Designatronics, Inc.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automation Components Market, by Component
1.4.2 North America Automation Components Market, by Industry
1.4.3 North America Automation Components Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Acquisition and Mergers: 2019, Feb – 2023, Feb) Leading Players
Chapter 4. North America Automation Components Market by Component
4.1 North America Motors Market by Country
4.2 North America Gears Market by Country
4.3 North America Actuators Market by Country
4.4 North America Bearing Market by Country
4.5 North America Sensors Market by Country
4.6 North America Locating Pins Market by Country
4.7 North America Bushing & Coupling Market by Country
4.8 North America Linear Shafts & Guides Market by Country
4.9 North America Rollers Market by Country
4.1 North America Screws Market by Country
4.11 North America Stages Market by Country
Chapter 5. North America Automation Components Market by Industry
5.1 North America Automotive Market by Country
5.2 North America Consumer Electronics Market by Country
5.3 North America Chemical Market by Country
5.4 North America Food & Beverage Market by Country
5.5 North America Pharmaceutical Market by Country
5.6 North America Semiconductors Market by Country
5.7 North America Packaging Market by Country
5.8 North America Others Market by Country
Chapter 6. North America Automation Components Market by Country
6.1 US Automation Components Market
6.1.1 US Automation Components Market by Component
6.1.2 US Automation Components Market by Industry
6.2 Canada Automation Components Market
6.2.1 Canada Automation Components Market by Component
6.2.2 Canada Automation Components Market by Industry
6.3 Mexico Automation Components Market
6.3.1 Mexico Automation Components Market by Component
6.3.2 Mexico Automation Components Market by Industry
6.4 Rest of North America Automation Components Market
6.4.1 Rest of North America Automation Components Market by Component
6.4.2 Rest of North America Automation Components Market by Industry
Chapter 7. Company Profiles
7.1 Bosch Rexroth AG (Robert Bosch GmbH)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 AB SKF
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.5.2 Acquisition and Mergers:
7.3 Emerson Electric Co.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.3.5.3 Acquisition and Mergers:
7.4 Nidec Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.4.5.2 Acquisition and Mergers:
7.5 Parker Hannifin Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Product Launches and Product Expansions:
7.6 Rockwell Automation, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.6.5.2 Acquisition and Mergers:
7.7 Shanghai KGG Robots Co., Ltd.
7.7.1 Company Overview
7.8 Automotion Components Ltd (The Wixroyd Group)
7.8.1 Company Overview
7.9 Stock Drive Products/Sterling Instrument (Designatronics, Inc.)
7.9.1 Company Overview
TABLE 1 North America Automation Components Market, 2019 - 2022, USD Million
TABLE 2 North America Automation Components Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Automation Components Market
TABLE 4 Product Launches And Product Expansions– Automation Components Market
TABLE 5 Acquisition and Mergers– Automation Components Market
TABLE 6 North America Automation Components Market by Component, 2019 - 2022, USD Million
TABLE 7 North America Automation Components Market by Component, 2023 - 2029, USD Million
TABLE 8 North America Motors Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Motors Market by Country, 2023 - 2029, USD Million
TABLE 10 North America Gears Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Gears Market by Country, 2023 - 2029, USD Million
TABLE 12 North America Actuators Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Actuators Market by Country, 2023 - 2029, USD Million
TABLE 14 North America Bearing Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Bearing Market by Country, 2023 - 2029, USD Million
TABLE 16 North America Sensors Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Sensors Market by Country, 2023 - 2029, USD Million
TABLE 18 North America Locating Pins Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Locating Pins Market by Country, 2023 - 2029, USD Million
TABLE 20 North America Bushing & Coupling Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Bushing & Coupling Market by Country, 2023 - 2029, USD Million
TABLE 22 North America Linear Shafts & Guides Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Linear Shafts & Guides Market by Country, 2023 - 2029, USD Million
TABLE 24 North America Rollers Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Rollers Market by Country, 2023 - 2029, USD Million
TABLE 26 North America Screws Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Screws Market by Country, 2023 - 2029, USD Million
TABLE 28 North America Stages Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Stages Market by Country, 2023 - 2029, USD Million
TABLE 30 North America Automation Components Market by Industry, 2019 - 2022, USD Million
TABLE 31 North America Automation Components Market by Industry, 2023 - 2029, USD Million
TABLE 32 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Automotive Market by Country, 2023 - 2029, USD Million
TABLE 34 North America Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Consumer Electronics Market by Country, 2023 - 2029, USD Million
TABLE 36 North America Chemical Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Chemical Market by Country, 2023 - 2029, USD Million
TABLE 38 North America Food & Beverage Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Food & Beverage Market by Country, 2023 - 2029, USD Million
TABLE 40 North America Pharmaceutical Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Pharmaceutical Market by Country, 2023 - 2029, USD Million
TABLE 42 North America Semiconductors Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Semiconductors Market by Country, 2023 - 2029, USD Million
TABLE 44 North America Packaging Market by Country, 2019 - 2022, USD Million
TABLE 45 North America Packaging Market by Country, 2023 - 2029, USD Million
TABLE 46 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 47 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 48 North America Automation Components Market by Country, 2019 - 2022, USD Million
TABLE 49 North America Automation Components Market by Country, 2023 - 2029, USD Million
TABLE 50 US Automation Components Market, 2019 - 2022, USD Million
TABLE 51 US Automation Components Market, 2023 - 2029, USD Million
TABLE 52 US Automation Components Market by Component, 2019 - 2022, USD Million
TABLE 53 US Automation Components Market by Component, 2023 - 2029, USD Million
TABLE 54 US Automation Components Market by Industry, 2019 - 2022, USD Million
TABLE 55 US Automation Components Market by Industry, 2023 - 2029, USD Million
TABLE 56 Canada Automation Components Market, 2019 - 2022, USD Million
TABLE 57 Canada Automation Components Market, 2023 - 2029, USD Million
TABLE 58 Canada Automation Components Market by Component, 2019 - 2022, USD Million
TABLE 59 Canada Automation Components Market by Component, 2023 - 2029, USD Million
TABLE 60 Canada Automation Components Market by Industry, 2019 - 2022, USD Million
TABLE 61 Canada Automation Components Market by Industry, 2023 - 2029, USD Million
TABLE 62 Mexico Automation Components Market, 2019 - 2022, USD Million
TABLE 63 Mexico Automation Components Market, 2023 - 2029, USD Million
TABLE 64 Mexico Automation Components Market by Component, 2019 - 2022, USD Million
TABLE 65 Mexico Automation Components Market by Component, 2023 - 2029, USD Million
TABLE 66 Mexico Automation Components Market by Industry, 2019 - 2022, USD Million
TABLE 67 Mexico Automation Components Market by Industry, 2023 - 2029, USD Million
TABLE 68 Rest of North America Automation Components Market, 2019 - 2022, USD Million
TABLE 69 Rest of North America Automation Components Market, 2023 - 2029, USD Million
TABLE 70 Rest of North America Automation Components Market by Component, 2019 - 2022, USD Million
TABLE 71 Rest of North America Automation Components Market by Component, 2023 - 2029, USD Million
TABLE 72 Rest of North America Automation Components Market by Industry, 2019 - 2022, USD Million
TABLE 73 Rest of North America Automation Components Market by Industry, 2023 - 2029, USD Million
TABLE 74 Key Information – Bosch Rexroth AG
TABLE 75 Key Information –AB SKF
TABLE 76 Key Information – Emerson Electric Co.
TABLE 77 Key Information – Nidec Corporation
TABLE 78 Key Information – Parker Hannifin Corporation
TABLE 79 Key information – Rockwell Automation, Inc.
TABLE 80 Key Information – Shanghai KGG Robots Co., Ltd.
TABLE 81 Key Information – Automotion Components Ltd
TABLE 82 Key Information – Stock Drive Products/Sterling Instrument
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Acquisition and Mergers: 2019, Feb – 2023, Feb) Leading Players
FIG 5 Swot analysis: Robert Bosch GmbH
FIG 6 Recent strategies and developments: AB SKF
FIG 7 Recent strategies and developments: Emerson Electric Co.
FIG 8 Recent strategies and developments: Nidec Corporation
FIG 9 Recent strategies and developments: Rockwell Automation, Inc.