ROTARY ACTUATOR MARKET OVERVIEW
The popularity of hydraulic rotary actuators has been constantly increasing within the last few years. In 2022, the market size reached $2.4 billion and is expected to grow by USD 800.99 million, accelerating at a CAGR of 4.52% between 2022 and 2026.
A global trend of industrial automation is one of the main driving forces of the hydraulic rotary actuator market growth. As the ultimate goal of all businesses is to increase productivity in the process of manufacturing, for some industries like construction, oil and gas, semiconductors, packaging, and aerospace, integrating all kinds of rotating devices into manufacturing units is a great solution. More and more producers like using rotary actuators for their precision, which is crucial when it comes to material positioning and other tasks.
According to different market reports, the key consumers of hydraulic rotary actuators are USA, China, India, Germany, and France. The market data of the Made-in-China B2B platform confirms the above, showing that for the last 3 months (October to December 2022) the top 10 countries with the highest demand for hydraulic rotary actuators have been Taiwan (China) – 24%, South Africa – 20%, USA – 17%, India – 7%, Russia – 6%, Australia – 4%, Lebanon – 4%, the Netherlands – 4%, Pakistan – 4% and Sri Lanka – 2%.
According to Chinese B2B platforms, the search volume for rotary actuators has been quite stable during the whole year. The highest peaks were in June and December, and the lowest was in August.
WEITAI ROTARY ACTUATORS
WEITAI Hydraulic is one of top China’s hydraulic rotary actuator manufacturers. Our modern and well-equipped factory can produce high quality actuators in big volumes. While famous European and American rotary actuator manufacturers struggle to find raw materials and optimize lead time, WEITAI has all the resources, machinery and well-organized logistics to quickly provide the best hydraulic solutions for its customers at the best prices. If you’re interested in doing business with WEITAI, please contact us here, and we will get back to you shortly.
WEITAI Marketing Department