What Is The Current and Historic Market Size Analysis Of The Linear Actuator Market?
The linear actuator market has seen considerable growth due to a variety of factors.
• The expansion of the linear actuator market has been substantial in the last few years. The market is anticipated to grow from $41.25 billion in 2024 to $44.87 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%.
The growth experienced in the past can be credited to several factors including increased utilization of automation in manufacturing processes, progressive advancements in the field of robotics, the shrinking size of devices, incorporation with the internet of things (IoT), and a surge in demand for electric vehicles.
What Are The Predictions for The Linear Actuator Market in the Coming Years?
The linear actuator market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the linear actuator market is projected to experience significant growth. It is anticipated to expand to $58.72 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%.
Factors contributing to this growth during the forecast period include the application of brakes, EGR, and turbos in the automotive sector, projected market expansion, a surge in demand for energy-efficient solutions, a strong base of pre-existing vendors, and an increased need for compact and light actuators. The forecast period is also expected to see major trends like enhanced automation in production, technological advancements in robotics, device miniaturization, convergence with Internet of Things (IoT), and a growing demand for electric vehicles.
Which Drivers Are Accelerating Growth In The Linear Actuator Market?
The surge in the popularity of electric vehicles is set to fuel the expansion of the linear actuator market. Electric vehicles (EVs), which rely partially or entirely on electricity stored in rechargeable batteries for power, appeal to the environmentally-minded younger generations and those keen on embracing novel technologies, thus increasing EV usage. Linear actuators play a pivotal role in electric vehicles, enabling accurate control of functions like backrest adjustments, window positioning, and automatic doors, thereby enhancing the comfort and safety of passengers. For example, the International Energy Agency, an autonomous intergovernmental organization based in France, reported that in the first quarter of 2024, sales of electric cars saw an increase of about 25% compared to the same timeframe in 2023. Thus, the surging demand for electric vehicles is a major driving force for the growth of the linear actuator market.
What Are The Core Segments Of The Global Linear Actuator Market?
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
Subsegments:
1) By Aluminum: Extruded Aluminum Linear Actuators, Aluminum Tube Actuators, Anodized Aluminum Linear Actuators, Aluminum Frame Actuators
2) By Steel: Stainless Steel Linear Actuators, Carbon Steel Linear Actuators, Galvanized Steel Actuators, Steel Frame Actuators
3) By Zinc: Zinc-Plated Linear Actuators, Zinc-Coated Actuators, Zinc Alloy Actuators, Zinc Die-Cast Actuators
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How Are Emerging Trends Reshaping The Dynamics Of The Linear Actuator Market?
Leading companies in the linear actuator market are introducing cutting-edge products like the motus1 (m1) industrial positioning actuator to improve customer service with enhanced features. These actuators transform rotary movement into linear ones, allowing for detailed positioning in various use cases. For example, in May 2023, US automation firm Motion Plus LLC, which produces linear actuators, unveiled the motus1 (m1) industrial positioning actuator. The motus1 is an industrial linear positioner propelled by belts and screws and devised for several operations such as assembly lines, gantries, material handling, packaging, and palletizing. With its stainless-steel strip sealing and an optional seal kit, the m1 actuator complies with ingress protection (IP) 54. The m1 actuator offers reliable movement control for industrial purposes, and its advanced belt and screw drive technology ensure optimal and high-quality alignment control.
Who Are the Key Players In The Linear Actuator Market?
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.
What Are The Regional Insights Into The Linear Actuator Market?
North America was the largest region in the linear actuator market in 2024. The regions covered in the linear actuator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
