Global Linear Actuator Market Size, Share, and COVID-19 Impact Analysis, By Operation Mechanism (Mechanical, Hydraulic, Pneumatic, and Electro-mechanical Actuators), By End-Use (Automotive, Construction, Energy & Mining, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
Industry: Semiconductors & ElectronicsGlobal Linear Actuator Market Insights Forecasts to 2033
- The Global Linear Actuator Market Size was Valued at USD 51.62 Billion in 2023
- The Market Size is Growing at a CAGR of 8.70% from 2023 to 2033
- The Worldwide Linear Actuator Market Size is Expected to Reach USD 118.87 Billion by 2033
- Asia Pacific is Expected to Grow the fastest during the forecast period.
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The Linear Actuator Market Size is Anticipated to Exceed USD 118.87 Billion by 2033, Growing at a CAGR 8.70% from 2023 to 2033.
Market Overview
Linear actuators are used in a variety of applications, including machine tools and industrial machinery, computer accessories such as disk drives and printers, valves, and dampers, and many other places where linear motion is required. Linear motion can be generated by hydraulic or pneumatic cylinders, but many other mechanisms are also used to generate it. Linear actuators are electromechanical devices that convert rotational motion into linear motion, allowing for precise control and movement in a wide range of applications. Linear actuators enable precise positioning, pushing, pulling, and lifting, making them essential components in robotic arms, conveyor systems, assembly lines, and material handling equipment. The electric linear actuators are crucial components that enable the operation of motorized windows, seats, and sunroofs. Within EVs, these actuators efficiently transform electrical energy into linear motion, which is an important attribute for vehicles that prioritize energy efficiency. Their use encompasses a wide range of EV features, including window and sunroof movement management and seat position adjustment. As EV technology becomes more widely adopted, the demand for linear actuators is expected to rise. Furthermore, ongoing technical improvements improve linear actuators' efficiency, precision, and durability, expanding their appeal across industries and driving growth in the market. Regulation by the government is critical in developing and implementing linear actuator standards to assure their quality, safety, and environmental sustainability. These worldwide initiatives aim to protect human health, promote environmental preservation, and reduce the hazards connected with hazardous substances.
Report Coverage
This research report categorizes the market for the linear actuator market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the linear actuator market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the linear actuator market.
Global Linear Actuator Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | 51.62 Billion |
Forecast Period: | 2023 - 2033 |
Forecast Period CAGR 2023 - 2033 : | 8.70% |
2033 Value Projection: | 118.87 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 278 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Operation Mechanism, By End-Use, By Region |
Companies covered:: | ISOTECH, INC., LINAK, Progressive Automations Inc., Rollon Corp., SMC Corporation, TiMOTION Technology Co. Ltd., Ultra-Motion, Fabco-Air, Inc., Venture MFG. Co., Actuonix Motion Devices, BISHOP-WISECARVER, Emerson Electric Co., HepcoMotion Ltd., Kollmorgen Corporation., and Others |
Pitfalls & Challenges: | Covid 19 Impact Challanges, Future, Growth and Analysis |
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Driving Factors
Linear actuators play critical roles in a wide range of aerospace and defense applications. These industries require high-performance systems capable of precise and dependable motion control for a variety of vital applications. The need for linear actuators in aircraft industries is driven by the necessity for precise and responsive motion control, and by the desire to reduce weight and improve safety measures. Governments have played an essential part in regulating and standardizing linear actuators for improved quality, safety, and environmental sustainability.
Restraining Factors
Changes in government rules governing safety, pollution, and energy efficiency could demand changes in existing systems or the implementation of new technologies. This may restrict the growth of the linear actuator industry. Changes in the cost of raw materials and components might create a slowdown. If the supply chain for crucial materials used in linear actuator manufacturing is disrupted, producers may face increased costs or a shortage of supply, restricting market growth.
Market Segmentation
The linear actuator market share is classified into operation mechanism and end-use.
- The mechanical segment is anticipated to hold the largest revenue share over the forecast period.
Based on the operation mechanism, the linear actuator market is categorized into mechanical, hydraulic, pneumatic, and electro-mechanical actuators. Among these, the mechanical segment is anticipated to hold the largest revenue share over the forecast period. Mechanical actuators use a power source to generate physical motion, a feature prevalent in almost all automated machinery. It consists of a variety of components, such as gearing, extension tubes, motors, and screw assemblies, all of which contribute to the segment's growth.
- The automotive segment holds the highest market share through the forecast period.
Based on the end-use, the linear actuator market is categorized into automotive, construction, energy & mining, healthcare, and others. Among these, the automotive segment holds the highest market share through the forecast period. Linear actuators are found in a variety of automobile applications, such as hoods, trunks, tailgates, tonneau coverings, and rumble seats. Linear actuators are crucial components utilized in a wide range of automotive applications, from small to huge. Many vehicle manufacturers used robots for clamping and fastening, spot welding, and assembly pressing.
Regional Segment Analysis of the Linear Actuator Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is anticipated to hold the largest share of the linear actuator market over the predicted timeframe.
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North America is projected to hold the largest share of the linear actuator market over the forecast period. The rise in automation in aerospace and automotive is increasing demand for linear actuators in the region. The region's healthcare industry is also quickly increasing, which is expected to drive up demand for linear actuators for medical applications. Linear actuators are widely used in the healthcare industry for a range of applications, such as hospital beds, patient lifts, and dental chairs. Linear actuators are used in the North American healthcare business for a variety of applications, such as patient placement, hospital beds, medical equipment adjustment, and mobility aids.
Asia Pacific is expected to grow at the fastest CAGR growth in the linear actuator market during the forecast period. The increased usage of electric vehicles (EVs) in the region is predicted to increase demand for linear actuators. These actuators are critical components in many aspects of EVs. Furthermore, the region is transitioning to renewable energy sources, which is driving up demand for linear actuators. These actuators are widely used in various renewable energy applications, including sun-tracking systems. These devices make sure solar panels are precisely aligned with the sun, maximizing energy production.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the linear actuator market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- ISOTECH, INC.
- LINAK
- Progressive Automations Inc.
- Rollon Corp.
- SMC Corporation
- TiMOTION Technology Co. Ltd.
- Ultra-Motion
- Fabco-Air, Inc.
- Venture MFG. Co.
- Actuonix Motion Devices
- BISHOP-WISECARVER
- Emerson Electric Co.
- HepcoMotion Ltd.
- Kollmorgen Corporation.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In March 2023, Nanotec Electronic introduced the NEMA 6, an external linear actuator with a 14 mm flange. This actuator is ideal for applications that include laboratory automation, medical equipment, and optical technologies.
- In October 2023, Emerson Electric Co. acquired Afag Holding, a Swiss-based company that specializes in automation systems and assembly technologies.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the linear actuator market based on the below-mentioned segments:
Global Linear Actuator Market, By Operation Mechanism
- Mechanical
- Hydraulic
- Pneumatic
- Electro-mechanical Actuators
Global Linear Actuator Market, By End-Use
- Automotive
- Construction
- Energy & Mining
- Healthcare
- Others
Global Linear Actuator Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
Frequently Asked Questions (FAQ)
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1. What is the CAGR of the global linear actuator market?The global linear actuator market is projected to expand at 8.70% during the forecast period.
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2. Who are the top key players in the global linear actuator market?The key players in the global linear actuator market are ISOTECH, INC., LINAK, Progressive Automations Inc., Rollon Corp., SMC Corporation, TiMOTION Technology Co. Ltd., Ultra-Motion, Fabco-Air, Inc., Venture MFG. Co., Actuonix Motion Devices, BISHOP-WISECARVER, Emerson Electric Co., HepcoMotion Ltd., Kollmorgen Corporation.
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3. Which region is expected to hold the largest share of the global linear actuator market?The North America region is expected to hold the largest share of the global linear actuator market.
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