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The linear actuators market size is estimated to increase by USD 12.32 billion and grow at a CAGR of 6.08% between 2022 and 2027. Market expansion hinges on various factors, including reduced production and procurement costs, heightened demand for electric linear actuators in the automotive sector, and the introduction of high-speed linear actuators. However, challenges persist, notably the substantial initial investment required for actuator implementation, the emergence of alternative manufacturing methods, and heightened competition from local suppliers. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
Market Forecast 2023-2027
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This report extensively covers market segmentation by product (electric, hydraulic, and pneumatic), end-user (automotive industry, water and wastewater industry, marine industry, aerospace, and defense industry, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
The electric segment will account for a major share of the market's growth during the forecast period. With low maintenance costs and increased benefits, electric linear actuators are replacing conventional favourites, such as hydraulic and pneumatic linear actuators, in many end-user industries, such as automotive and oil and gas. It finds advanced applicability in automobiles, robots, and other industrial equipment.
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The electric segment was valued at USD 12.90 billion in 2017 and continued to grow until 2021. The major consumers of electric linear actuators are the automotive and aerospace defense sectors. However, these actuators can operate efficiently under extreme temperatures and offer high reliability, thus making them ideal for outdoor installations, in very low-temperature areas, and in tropical climates with high humidity. They are predominantly used in industries that require controlled movement of components. Hence, they are ideal for automotive manufacturing but are experiencing growing demand from the construction and agricultural industries. For instance, Thomson Industries offers a variety of electric linear actuators that are generally used in construction and agricultural end-user segments for functions that require precision, such as throttle control, hood lift, hatch open, auger fold, and spout pivot. Currently, the electric segment dominates the market due to the expanded adoption in many developed and developing countries such as China, the US, Germany, India, and more, which in turn will boost the growth of the market during the forecast period.
Based on end-user, the market has been segmented into the automotive industry. The automotive industry will account for the largest share of this segment. It is undergoing an upsurge in technological advances and changes in consumer preferences, due to which the demand for automobiles is anticipated to remain stable. The demand for electric and autonomous vehicles is also steadily increasing, which, in turn, supports propelling the growth of the automotive industry. Electric vehicles, such as cars, trucks, and buses, are considered inexpensive alternatives to conventional vehicles, and their use does not cause pollution. Therefore, various companies are launching electric vehicles, including Tata Motors, Hyundai Motor Company, and more. furthermore, the increase in demand for heavy-duty vehicles, such as bulldozers, front loaders, and backhoes, from the growing construction industry will support the growth of the automotive industry. Therefore, such factors in the automotive industry will lead to an increase in demand during the forecast period.
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APAC is estimated to contribute 47% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The major demand arises from the automotive manufacturing and construction sectors in APAC. The market is driven by rapid industrial expansion and the advent of smart manufacturing industries. These play a significant role in automating manufacturing facilities. However, they are predominantly used in robotic arms and collaborative robots that are used in the automotive manufacturing sector and this helps facilitate the movement of the robotic arms and are used in press assemblies. Countries such as China, Russia, Japan, Australia, Singapore, and India are the major contributors to the market growth in APAC. APAC has become the manufacturing hub of the world in the past few years, with both local as well as international companies increasingly developing their manufacturing facilities in the region. In addition, augmented applicability and demand in the agricultural sector and the construction sector will drive the growth of the market in the region. The increasing demand from the power generation industry and the mining industry is one of the significant factors driving the growth of the pneumatic segment in the region, boosting the growth of the regional market during the forecast period.
The market is witnessing robust growth across various industries such as industrial automation, robotics, and manufacturing operations. These electromechanical devices play a crucial role in automated systems, ensuring precise linear motion for enhanced efficiency and productivity. With applications ranging from lighting control and HVAC systems to aerospace and defense sectors, linear actuators provide adaptability and design variations to meet specific industry requirements. In the automotive industry, they contribute to precision and efficiency in production lines, while in medical equipment, they enable customization for specific applications. With continuous advancements and new product launches, linear actuators remain integral components in modern automation and industrial systems. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The market is witnessing robust growth driven by various industries such as industrial automation, robotics, automotive, aerospace, and medical equipment. Companies are leveraging low manufacturing costs and procurement to drive adoption across these sectors. Electric linear actuators, known for their low operational costs, are increasingly preferred, while manufacturing operations in countries like India and China capitalize on cost advantages, including low labor costs. This strategic approach enables companies to expand production capacity while maintaining product quality, driving profitability and market growth. With precision and efficiency in production lines, these electromechanical devices play a pivotal role in automation, offering adaptability and design variations for specific applications across diverse industries.
There has been a steady demand for IoT-enabled smart linear actuators due to various technological advances, such as the advent of Industry 4.0 and IoT. These actuators integrate functionalities such as potentiometers, rotary encoders, network switches, and controllers. Further, different functions such as switching, position feedback, and system diagnostics are increasingly being embedded into smart actuators. Companies such as Thomson Industries are starting to integrate microprocessor-based printed circuit boards and software in actuators. In addition, the Electrak Smart Linear Actuator, offered by Thomson Industries, is a smart actuator that allows the automation of facilities and delivers expanded efficiency and productivity with improved diagnostic capabilities and controllability. The advent of smart linear actuators drives the miniaturization of components and thereby lowers hardware and software costs significantly. These smart linear actuators are finding increased applicability in material handling; and in domestic, office, and hospital equipment and are projected to become significant. Therefore, the rising demand for smart actuators is anticipated to boost the growth of the market during the forecast period.
The high cost associated with the implementation of actuators is a significant hindrance to market growth. For instance, the initial cost associated with an electric actuator can be in the range of USD100-USD2000, depending on design and applicability, even though the costs associated with operation and maintenance are lower than for hydraulic and pneumatic actuators. On the other hand, pneumatic and hydraulic actuators are associated with low procurement costs but have high operational and maintenance costs owing to the need to replace parts periodically. However, these actuators are susceptible to leakages and contaminations. In addition, pneumatic linear actuators are vulnerable to pressure losses leading to low operational speed and loss of control of the positioning of the system. Also, hydraulic actuators are vulnerable to fuel leakages and require many companion parts, including a fluid reservoir, motors, pumps, release valves, and heat exchangers which results in a high cost of procurement and maintenance. Therefore, the high initial cost of actuator implementation can impede the growth of the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd. - The company offers linear actuators such as LME620, RSD10 and RSD50.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
ABB Ltd., Actuonix Motion Devices Inc., Bishop Wisecarver Corp., Curtiss Wright Corp., Emerson Electric Co., Ewellix AB, Festo SE and Co. KG, Flowserve Corp., General Electric Co., Kollmorgen Corp., LINAK AS, Moog Inc., Oriental Motor Co. Ltd., PARKER HANNIFIN CORP., Sensata Technologies Inc., Siemens AG, SMC Corp., The Timken Co., TiMOTION Technology Co. Ltd., and Tolomatic Inc.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is witnessing significant growth driven by various industries such as aerospace and defense, automotive, agriculture, healthcare, and industrial automation. These electromechanical devices facilitate precise linear motion, making them indispensable in modern equipment and automated systems. From assembly lines in car production to customization for specific applications in dental chairs and surgical tables, linear actuators find versatile usage across diverse sectors. With the rise of electric vehicles and renewable energy sources, there's an increasing demand for linear actuators in areas like HVAC control systems and solar tracking systems. As technology advances, new product launches cater to evolving needs, addressing challenges such as installation complexity while enhancing adaptability and efficiency in industrial operations and beyond.
The market is witnessing robust growth across various sectors including aerospace, defense, agriculture, automotive, healthcare, and industrial automation. These actuators, especially DC electric ones, offer versatile design variations suitable for heavy-duty machinery, industrial robots, and medical equipment in hospitals. With the advent of electric vehicles and IoT platforms, there's a growing demand for linear actuators in automotive and smart manufacturing operations. These devices facilitate precise movement in a straight line, enabling lifting, pushing, pulling, and tilting motions. From lighting control in offices to rotational motion in X-ray machines, linear actuators play a pivotal role in diverse applications across industries.
Moreover, the market is witnessing robust growth driven by diverse industries such as aerospace, defense, agriculture, and automotive. DC electric linear actuators are at the forefront, powering various applications in electric vehicles and industrial machinery. With the rise of industrial automation systems and IoT platforms, demand for linear actuators continues to surge, facilitating precise movement in motorized robotic arms and robotics. Despite challenges related to installation and maintenance complexity, the market remains dynamic, offering innovative solutions to meet evolving industry needs. As demand rises across sectors, the linear actuator market is poised for sustained growth and technological advancement.
Linear Actuators Market Scope |
|
Report Coverage |
Details |
Page number |
181 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.08% |
Market growth 2023-2027 |
USD 12.33 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.78 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 47% |
Key countries |
US, China, Japan, Germany, and the UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Actuonix Motion Devices Inc., Bishop Wisecarver Corp., Curtiss Wright Corp., Emerson Electric Co., Ewellix AB, Festo SE and Co. KG, Flowserve Corp., General Electric Co., Kollmorgen Corp., LINAK AS, Moog Inc., Oriental Motor Co. Ltd., PARKER HANNIFIN CORP., Sensata Technologies Inc., Siemens AG, SMC Corp., The Timken Co., TiMOTION Technology Co. Ltd., and Tolomatic Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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