PUBLISHER: The Business Research Company | PRODUCT CODE: 1458682
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458682
A linear actuator is a device that converts energy, such as electric, hydraulic, or pneumatic, into straight-line mechanical motion. It can be used to lift, lower, slide, or tilt machinery or materials. Linear actuators are commonly used in various applications, including manufacturing plants, robots, industrial machinery, and home automation systems.
The main types of material in a linear actuator are aluminum, steel, and zinc. Aluminum is a silvery-white, lightweight, and ductile metal often chosen as a material for the construction of linear actuator components due to its lightweight nature, corrosion resistance, ease of machining, cost-effectiveness, good thermal conductivity, and recyclability. Linear actuators are categorized by operation mechanism into mechanical, hydraulic, pneumatic, and electro-mechanical actuators. The end-user category includes construction, aerospace, and defense, industrial, automotive, and others.
The linear actuator research report is one of a series of new reports from The Business Research Company that provides linear actuator market statistics, including the linear actuator industry's global market size, regional shares, competitors with an linear actuator market share, detailed linear actuator market segments, market trends and opportunities, and any further data you may need to thrive in the linear actuator industry. This linear actuator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The linear actuator market size has grown strongly in recent years. It will grow from $37.89 billion in 2023 to $41.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased automation in manufacturing, advancements in robotics, miniaturization of devices, integration with the Internet of Things (IoT), and the rising demand for electric vehicles.
The linear actuator market size is expected to see strong growth in the next few years. It will grow to $55.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth projected for the forecast period in the automotive industry can be attributed to the use of brakes, Exhaust Gas Recirculation (EGR) systems, and turbo applications. This growth is further driven by the overall market expansion, increasing demand for energy-efficient solutions, the strong presence of existing vendors, and the rising demand for compact and lightweight actuators. Major trends expected during this period include increased automation in manufacturing processes, advancements in robotics, the miniaturization of devices, integration with the Internet of Things (IoT), and the rising demand for electric vehicles.
The increasing demand for electric vehicles (EVs) is expected to drive the growth of the linear actuator market in the future. Electric vehicles, powered by rechargeable batteries, are gaining popularity due to their environmental benefits and technological advancements. Linear actuators play a crucial role in EVs, providing precise control for operations such as adjusting backrests, positioning windows, and operating automatic door systems, thus enhancing passenger comfort and safety. For example, in April 2023, the International Energy Agency reported that approximately 10 million electric cars were sold globally in 2022, with the electric vehicle market share increasing to 14% from 4% in 2020. This trend indicates a growing demand for electric vehicles, which in turn is expected to boost the linear actuator market.
Major companies in the linear actuator market are innovating to provide advanced products such as the motus1 (m1) industrial positioning actuator, which converts rotary motion into linear motion for precise positioning in various applications. Motion Plus LLC, a US-based automation company, launched the motus1 (m1) industrial positioning actuator in May 2023. This actuator is designed for use in assembly lines, gantries, material handling, packaging, and palletizing, offering IP 54-compliant protection with stainless-steel strip sealing and an optional seal kit. The m1 actuator ensures accurate alignment control in industrial applications through its sophisticated belt and screw drive technology, providing reliable motion management.
In September 2023, Emerson Electric Co., a US-based company specializing in linear actuators, purchased Afag Holding AG for an undisclosed sum. This acquisition enhances Emerson's manufacturing automation capabilities and expands its motion portfolio by combining Afag's electric linear motion solutions with Emerson's pneumatic motion technologies. Afag Holding AG, based in Switzerland, provides electric linear motion and handling automation solutions.
Major companies operating in the linear actuator market report are Parker Hannifin Corporation, Emerson Electric Co., Rockwell Automation Inc., Bosch Rexroth AG, SMC Corporation, IAI America Inc., Flowserve Corporation, Tsubakimoto Europe B.V., Kollmorgen Corporation, LINAK A/S, TiMOTION Technology Co. Ltd., ElectroCraft, Rollon Corp., Exlar Automation, Progressive Automations Inc., Lin Engineering Inc., Tolomatic Inc., Fabco-Air Inc., PBC Linear, DUFF NORTON AUSTRALIA, Bishop-Wisecarver Corporation, Helix Linear Technologies, REGNER, Venture Manufacturing Co., Actuonix Motion Devices, Burr Engineering & Development Company, Del-Tron Precision Inc, Moticont, Tusk Direct Inc., ISOTECH INC.
North America was the largest region in the linear actuator market in 2023. The regions covered in the linear actuator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the linear actuator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The linear actuator market consists of sales of ball screw linear actuators, rack and pinion linear actuators, and linear voice coil actuators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Linear Actuator Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on linear actuator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for linear actuator? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The linear actuator market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.