PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1808909
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1808909
Industrial Automation Spares Market size was valued at US$ 12,767.12 Million in 2024, expanding at a CAGR of 6.2% from 2025 to 2032.
Industrial automation spares refer to the replacement components utilized in machinery and equipment that are part of automated industrial operations. These components, which may be electronic, electrical, or mechanical, play a vital role in preserving the efficiency and functionality of automated systems within factories and other industrial environments. They guarantee the seamless operation of production lines and automated processes by supplying readily accessible parts for repairs and maintenance. Industrial automation spares find application across a range of industries, such as manufacturing, food production, electronics, and logistics. Suppliers specializing in Maintenance, Repair, and Operations (MRO) are dedicated to providing these spares, ensuring that industrial facilities can promptly resolve any equipment malfunctions and sustain optimal production levels.
Industrial Automation Spares Market- Market Dynamics
Increasing industrial automation is expected to drive the growth of the market.
As various industries continue to embrace advanced technologies to enhance operational efficiency, accuracy, and productivity, automation plays a crucial role in reducing human error, improving output consistency, and decreasing downtime. This creates a significant demand for dependable and high-performance spare components. With an increasing number of manufacturers transitioning to smart factories and digital production lines, the need for automation spares is on the rise. In 2024, businesses are expected to invest USD252.6 billion in industrial core value chain software and operational technology hardware, with projections indicating that this amount will exceed USD350 billion by 2030, as per recent research by IoT Analytics on industrial software. Nevertheless, the growing adoption of Industry 4.0 and the expansion of smart manufacturing may present growth opportunities for the market. On the other hand, the high initial costs associated with automation systems could hinder market growth.
Industrial Automation Spares Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.2% over the forecast period (2025-2032)
Based on product type segmentation, Electronic Component was predicted to show maximum market share in the year 2024
Based on End-User segmentation, Automotive was the leading End-User in 2024
Based on region, Asia Pacific was the leading revenue generator in 2024
The Global Industrial Automation Spares Market is segmented on the basis of Product Type, End-User, and Region.
The market is categorized into eight segments according to product type: Electrical Components, Electronic Components, Pneumatic and Hydraulic Components, Mechanical Components, Connectors, and Structural Machine Parts. The Electronic Component segment dominates the Industrial Automation Spares market owing to its vital function in facilitating the efficient and precise operation of automated systems. Components such as sensors, programmable logic controllers (PLCs), drives, relays, and human-machine interfaces (HMIs) are crucial for the monitoring, control, and optimization of industrial processes. These components find extensive application across various sectors, including automotive, electronics, food and beverage, and pharmaceuticals, due to their exceptional reliability, versatility, and performance. Furthermore, the increasing adoption of Industry 4.0 and smart manufacturing technologies has considerably heightened the demand for advanced electronic spares.
The market is segmented into two categories according to End-User: Automotive, Oil & Gas, Pharmaceuticals, Food & Beverage, Electronics and Semiconductors, Packaging, Metals and Mining, Aerospace & Defense, and Other End-Users. Automotive leads the market, primarily due to its significant reliance on automation for intricate manufacturing processes, such as vehicle assembly, welding, painting, and quality inspection. As automotive manufacturers aim for improved efficiency, accuracy, and scalability, they make substantial investments in automated systems that necessitate regular maintenance and prompt replacement of spare parts, especially electronic components like sensors, drives, and controllers. The swift expansion of electric vehicles (EVs), rising production levels, and the demand for flawless manufacturing have further heightened the necessity for dependable automation infrastructure.
Industrial Automation Spares Market- Geographical Insights
The Asia Pacific region is at the forefront of market growth, driven by rapid industrialization, the expansion of manufacturing bases, and robust government support for automation. The rising adoption of smart manufacturing technologies, coupled with increasing investments in infrastructure and industrial automation, has greatly enhanced the demand for automation spares throughout the region. According to the Ministry of Industry and Information Technology (MIIT), China has established over 30,000 basic-level smart factories as part of a nationwide initiative to promote industrial digitalization and intelligent upgrading. Europe also holds a substantial market share, especially in nations such as Germany and Italy, where advanced manufacturing and a commitment to energy-efficient automation technologies propel market growth.
The market for Industrial Automation Spares is characterized by intense competition, featuring a combination of global leaders and local entities that are actively involved in product innovation, forming strategic alliances, and expanding their services. Prominent firms vie for dominance based on critical factors such as product quality, technological integration, reliability, and the speed of delivery. Industry players are concentrating on providing modular, plug-and-play components along with predictive maintenance solutions to secure a competitive advantage. Additionally, the increasing demand for tailored and energy-efficient automation systems has compelled companies to bolster their research and development capabilities. Mergers, acquisitions, and partnerships are frequently employed strategies aimed at broadening geographic reach and diversifying product offerings.
In June 2025, ABB Robotics is broadening its extensive robot portfolio with the introduction of the IRB 6730S, IRB 6750S, and IRB 6760. The addition of these new robots, in conjunction with the expanded range of next-generation robots released since 2022, enables the company to provide its customers with the most complete selection of industrial robots and variants available in the market.
In June 2025, Rockwell Automation, Inc., the leading global firm focused on industrial automation and digital transformation, unveiled PointMax I/O, a versatile remote input/output (I/O) system aimed at assisting manufacturers in addressing the increasing complexity of contemporary industrial operations.