Overview and Scope
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.
Sizing and Forecast
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), rising demand for electric vehicles.
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Segmentation & Regional Insights
The linear actuator market covered in this report is segmented –
1) By Material: Aluminum, Steel, Zinc
2) By Operation Mechanism: Mechanical, Hydraulic, Pneumatic, Electro-Mechanical Actuators
3) By End-User: Construction, Aerospace And Defense, Industrial, Automotive, Other End-Users
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.
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Major Driver Impacting Market Growth
The rising demand for electric vehicles is expected to propel the growth of the linear actuator market going forward. Electric vehicles (EVs) are vehicles that are powered, either partially or entirely, by electricity stored in rechargeable batteries. The younger generations are often more environmentally conscious and open to new technologies, driving EV adoption. Linear actuators are used in electric vehicles to provide precise control of operations such as backrest adjustments, window positions, and automatic door systems, hence improving passenger comfort and safety. For instance, in April 2023, according to the International Energy Agency, a France-based global research and statistics collection institution, approximately 10 million electric cars were sold globally in 2022, and the electric vehicle market share increased to 14% from 4% in 2020. Therefore, the rising demand for electric vehicles is driving the growth of the linear actuator market.
Key Industry Players
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.
The linear actuator market report table of contents includes:
- Executive Summary
- Linear Actuator Market Characteristics
- Linear Actuator Market Trends And Strategies
- Linear Actuator Market – Macro Economic Scenario
- Global Linear Actuator Market Size and Growth
- Linear Actuator Market Segmentation
- Linear Actuator Market Regional And Country Analysis
………….
- Key Mergers And Acquisitions In The Linear Actuator Market
- Linear Actuator Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Linear Actuator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Linear Actuator Market, Segmentation By Operation Mechanism, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Linear Actuator Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………..
Table 74: Parker Hannifin Corporation Financial Performance
Table 75: Emerson Electric Co. Financial Performance
Table 76: Rockwell Automation Inc. Financial Performance
Table 77: Bosch Rexroth AG Financial Performance
Table 78: SMC Corporation Financial Performance
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