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Global Actuators Market worth $59.32 Billion by 2019
|By PR Newswire
|March 4, 2014 11:30 AM EST
DALLAS, March 4, 2014 /PRNewswire/ --
According to a new report of "Global Actuators Market by Application (Industry, Health care, Automobile, Aerospace & Defense, Marine and Mining) & Geography (Asia-Pacific, Europe, Latin America, North America, the Middle East, and Rest of the world) - Forecast Analysis (2014 -2019)", published by MarketsandMarkets, Global Actuators Market is expected to grow at a CAGR 8.00% to reach $59.32 Billion by 2019 and Actuators Market in Europe is estimated to grow at a CAGR of 6.00% to reach $8.67 Billion in 2019..
Browse more than 72 market data tables with 14 figures spread through 147 pages and in-depth TOC on "Global Actuators Market - Forecast Analysis (2014-2019)"
Early buyers will receive 10% customization on this report.
The Global Actuators Market is mainly driven by the growing industrialization in the developing countries. The rising demand of vehicles, metals, minerals processed goods and technology advancement are identified as the other driving factors. North America is by far the largest market for actuators mainly, because there is sustaining growth in aerospace and defense actuators market, and major players such as Honeywell, Moog, SAAB, Parker Hannifin, etc. are based out in this area. Booming industrialization in countries such as Mexico creates substantial demand for actuators with respect to machinery there fore growth of actuators market, will remain stable in next five years for these region.
Economical crises have strongly affected the manufacturing sector of European market, hence there is decline in industrial output. However, the actuators market in Europe is estimated to grow at a CAGR of 6.00% to reach $8.67 billion in 2019. Asia-Pacific is one of the fastest growing regions in actuators market. Major industrialization is in progress in this area.
The Global Actuators Market report provides in depth analysis of drivers, challenges, restraints, and opportunities impacting the industry. It also discusses about the industry, market, and technology trends that are currently prevailing in the global actuators market. It tracks, analyzes, and lays out the market size of the major sub sectors in each region. It provides information about the leading competitors in the global actuators market. Apart from a general overview of the companies, it also provides details on their financial positions, key products, their unique selling points, and key developments. This research report also segments the market on the basis of sub sectors such as industry, automobile, aerospace and defense, health care, marine and mining.
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