Linear Actuator Market Size, Share, Opportunities, And Trends By Type (Mechanical Linear Actuator, Hydraulic Linear Actuator, Pneumatic Linear Actuator, Piezoelectric Actuator), By Material (Aluminum, Steel, Zinc), By End-User (Construction, Industrial, Aerospace & Defense, Automotive, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Aug 2024
- Report Code : KSI061615462
- Pages : 145
The linear actuator market is projected to witness a compound annual growth rate of 7.45%, growing to US$53.467 billion by 2029 from US$32.340 billion in 2022.
The actuator is a device that produces a motion of force, torque, or displacement when the electrical, pneumatic, or hydraulic input is supplied. It is widely used in construction, aerospace & defense, industrial, automotive, and many others. Using a linear actuator for the control diaphragm in controllers has made it possible to control the flow precisely and more rapidly than with the traditional electromagnetic valve.
Subsequently, applications in the semiconductor fabrication systems field have expanded, including the demand for the piezoelectric actuator. The application of piezoelectric actuators in electronics has been widespread, such as digital cameras, cellular phones, etc. Electric linear actuators meet the needs of robotics and automation. Because they can be used in various industries, the demand for actuators will grow during the forecast period.
Linear Actuator Market Drivers:
- Utilization of industrial machinery
With the increase in industrial developments, the demand for linear actuators has increased. These industries rely heavily on linear actuators to enable precise and controlled linear motion in their machinery and equipment. Linear actuators convert rotational motion in motors into linear or straight push/pull movements.
Manufacturing exports in India total US$447.46 billion annually, with 6.03% growth during FY23, surpassing the previous year's (FY22) record exports of US$422 billion. Countries need various inputs to expand their production capacity to meet their demands. Economic growth could lead to industrial demand and vice versa, hence the need for input, and types of machinery like actuators will increase in the future.
- Growing robotics installation
World Robotics report by the International Federation of Robotics (IFR) recorded 5,53,052 industrial robot installations in factories worldwide, a growth rate of 5% in 2022. By region, 73% of all newly deployed robots were installed in Asia, 15% in Europe, and 10% in the Americas.
The report further suggested that APAC, China, Japan, and South Korea are the largest markets. Linear actuators control the linear movement of joints in robotic arms and manipulators, allowing for the precise positioning and assembly of components. The rise in robotic installations will lead to the expected increase in actuator demand.
- Increased automotive production
Linear actuators play a crucial role in automotive assembly lines, providing the necessary linear motion for different tasks such as positioning, lifting, and pulling, and in applications such as robotic welding, parts positioning, and component assembly. They find extensive usage in EVs for seat adjustment, window & door control, and suspension systems. Growing demand for new vehicles boosts actuator demand.
According to the European Automobile Manufacturers Association, the EU car market surged by 10.1% in February 2024 compared to the same month last year, reaching 8,83,608 units. Among the four major EU markets, France (+13%) and Italy (+12.8%) grew by double-digits, with Spain (+9.9%) and Germany (+5.4%) showing a significant increase. With petrol cars still leading the position, the share of battery cars has increased.
- Surge in aerospace & defense production
Linear actuators play a critical role in various aerospace and defense applications, including aircraft, satellites, missiles, and defence systems. They control and adjust the position, movement, and alignment of critical components such as control surfaces, landing gears, antenna arrays, and weapon systems.
The high precision and robustness offered by linear actuators are essential for ensuring the efficient operation of these aerospace and defence systems. The launches of new missiles will drive market growth. In May 2023, China launched submarine-launched ballistic missiles (SLBMs) that have an estimated range of more than 10,000 kilometers and are expected to be capable of delivering multiple nuclear warheads.
Linear Actuator Market Restraint:
- Regulatory challenges
Changes in government regulations related to safety, emissions, or energy efficiency requirements may necessitate modifications to existing systems or the adoption of new technologies. This can restrain the linear actuator industry’s growth. The fluctuation in the cost of raw materials and components can cause a slowdown. Suppose there are disruptions in the supply chain for essential materials used in manufacturing linear actuators. In that case, it can lead to increased costs for manufacturers or even a shortage of supply, hindering market growth.
The linear actuator market is segmented by type into mechanical linear actuator, hydraulic linear actuator, pneumatic linear actuator, and piezoelectric actuator. Demand from food processing, automotive, and material handling industries drives the mechanical linear actuator. The hydraulic linear actuator powers agriculture machinery. Thus, an increase in agricultural production will lead to its demand.
Pneumatic linear actuators are integrated into automation applications. Piezoelectric actuators find application in electronic equipment such as digital cameras and cellular phones, and demand for electronic products will drive the market.
Linear Actuator Market Geographical Outlook
- Asia-Pacific is anticipated to hold a significant share of the linear actuator market
The Asia-Pacific region will hold a significant share of the linear actuator market due to growing industrial production, including EV manufacturing, coupled with schemes to boost robotics manufacturing. The Chinese government launched the Five-Year Plan (2021 - 2025) to strengthen the nation’s role as a robot manufacturer and stated that it should make breakthroughs in core robotics technology.
In March 2022, MG Motors announced plans to raise US$350-500 million in private equity in India to fund its future needs, including EV expansion. These developments use linear actuators for the efficient movement of objects and thereby accelerate regional linear actuator market growth.
Linear Actuator Market Developments:
- July 2023 - SMAC Moving Coil Actuators launched its LPL30 low-profile electric linear moving coil actuators, which are being used by manufacturers of dosing and filling machines in Asia and Europe. Machine manufacturers are rapidly recognizing the advantages of programmable electric actuators and transitioning away from traditional air valves and cylinders that have been commonly used.
- May 2023 - Motion Plus launched the new "Motus1 linear actuator," which is more efficient and easier to use and delivers reliable motion control for industrial applications like assembly lines, gantries, material handling, packaging, palletizing, and more.
- February 2023 - Thomson introduces groundbreaking high-capacity, high-speed, and high-durability electric linear actuators. The Electrak XD can achieve operational speeds of up to 75 mm/sec (3 in/sec) and can sustain duty cycles of up to 100 percent. Its stroke length is up to 1200 mm.
Market Segmentation:
- By Type
- Mechanical Linear Actuator
- Hydraulic Linear Actuator
- Pneumatic Linear Actuator
- Piezoelectric Actuator
- By Material
- Aluminum
- Steel
- Zinc
- By End-User
- Construction
- Aerospace & Defense
- Industrial
- Automotive
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- UK
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Others
- North America
Frequently Asked Questions (FAQs)
The global linear actuator market is projected to expand at a CAGR of 7.45% during the forecast period.
The linear actuator market is projected to reach a market size of US$53.467 billion by 2029.
Linear Actuator Market was valued at US$32.340 billion in 2022.
The growing usage of industrial machinery and robots along with the rise in automotive production is expected to drive the demand for linear actuators, thereby propelling the expansion of the linear actuator market growth.
The Asia-Pacific region is anticipated to hold a sizable share of the linear actuator market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key benefits to the stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. LINEAR ACTUATOR MARKET BY TYPE
5.1. Introduction
5.2. Mechanical Linear Actuator
5.2.1. Market opportunities and trends
5.2.2. Growth prospects
5.2.3. Geographic lucrativeness
5.3. Hydraulic Linear Actuator
5.3.1. Market opportunities and trends
5.3.2. Growth prospects
5.3.3. Geographic lucrativeness
5.4. Pneumatic Linear Actuator
5.4.1. Market opportunities and trends
5.4.2. Growth prospects
5.4.3. Geographic lucrativeness
5.5. Piezoelectric Actuator
5.5.1. Market opportunities and trends
5.5.2. Growth prospects
5.5.3. Geographic lucrativeness
6. LINEAR ACTUATOR MARKET BY MATERIAL
6.1. Introduction
6.2. Aluminum
6.2.1. Market opportunities and trends
6.2.2. Growth prospects
6.2.3. Geographic lucrativeness
6.3. Steel
6.3.1. Market opportunities and trends
6.3.2. Growth prospects
6.3.3. Geographic lucrativeness
6.4. Zinc
6.4.1. Market opportunities and trends
6.4.2. Growth prospects
6.4.3. Geographic lucrativeness
7. LINEAR ACTUATOR MARKET BY END-USER
7.1. Introduction
7.2. Construction
7.2.1. Market opportunities and trends
7.2.2. Growth prospects
7.2.3. Geographic lucrativeness
7.3. Aerospace & Defense
7.3.1. Market opportunities and trends
7.3.2. Growth prospects
7.3.3. Geographic lucrativeness
7.4. Industrial
7.4.1. Market opportunities and trends
7.4.2. Growth prospects
7.4.3. Geographic lucrativeness
7.5. Automotive
7.5.1. Market opportunities and trends
7.5.2. Growth prospects
7.5.3. Geographic lucrativeness
7.6. Others
7.6.1. Market opportunities and trends
7.6.2. Growth prospects
7.6.3. Geographic lucrativeness
8. LINEAR ACTUATOR MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Type
8.2.2. By Material
8.2.3. By End-user
8.2.4. By Country
8.2.4.1. United States
8.2.4.1.1. Market Trends and Opportunities
8.2.4.1.2. Growth Prospects
8.2.4.2. Canada
8.2.4.2.1. Market Trends and Opportunities
8.2.4.2.2. Growth Prospects
8.2.4.3. Mexico
8.2.4.3.1. Market Trends and Opportunities
8.2.4.3.2. Growth Prospects
8.3. South America
8.3.1. By Type
8.3.2. By Material
8.3.3. By End-user
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.1.1. Market Trends and Opportunities
8.3.4.1.2. Growth Prospects
8.3.4.2. Argentina
8.3.4.2.1. Market Trends and Opportunities
8.3.4.2.2. Growth Prospects
8.3.4.3. Others
8.3.4.3.1. Market Trends and Opportunities
8.3.4.3.2. Growth Prospects
8.4. Europe
8.4.1. By Type
8.4.2. By Material
8.4.3. By End-user
8.4.4. By Country
8.4.4.1. Germany
8.4.4.1.1. Market Trends and Opportunities
8.4.4.1.2. Growth Prospects
8.4.4.2. UK
8.4.4.2.1. Market Trends and Opportunities
8.4.4.2.2. Growth Prospects
8.4.4.3. France
8.4.4.3.1. Market Trends and Opportunities
8.4.4.3.2. Growth Prospects
8.4.4.4. Spain
8.4.4.4.1. Market Trends and Opportunities
8.4.4.4.2. Growth Prospects
8.4.4.5. Others
8.4.4.5.1. Market Trends and Opportunities
8.4.4.5.2. Growth Prospects
8.5. Middle East and Africa
8.5.1. By Type
8.5.2. By Material
8.5.3. By End-user
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.1.1. Market Trends and Opportunities
8.5.4.1.2. Growth Prospects
8.5.4.2. UAE
8.5.4.2.1. Market Trends and Opportunities
8.5.4.2.2. Growth Prospects
8.5.4.3. Others
8.5.4.3.1. Market Trends and Opportunities
8.5.4.3.2. Growth Prospects
8.6. Asia Pacific
8.6.1. By Type
8.6.2. By Material
8.6.3. By End-user
8.6.4. By Country
8.6.4.1. China
8.6.4.1.1. Market Trends and Opportunities
8.6.4.1.2. Growth Prospects
8.6.4.2. Japan
8.6.4.2.1. Market Trends and Opportunities
8.6.4.2.2. Growth Prospects
8.6.4.3. South Korea
8.6.4.3.1. Market Trends and Opportunities
8.6.4.3.2. Growth Prospects
8.6.4.4. India
8.6.4.4.1. Market Trends and Opportunities
8.6.4.4.2. Growth Prospects
8.6.4.5. Australia
8.6.4.5.1. Market Trends and Opportunities
8.6.4.5.2. Growth Prospects
8.6.4.6. Others
8.6.4.6.1. Market Trends and Opportunities
8.6.4.6.2. Growth Prospects
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Bosch Rexroth
10.2. Eaton Corporation
10.3. Emerson Electric Co
10.4. Flotech Inc.
10.5. LINAK
10.6. Moog Inc
10.7. PARKER HANNIFIN CORP
10.8. Rotork
10.9. Venture MFG. CO.
Bosch Rexroth
Eaton Corporation
Emerson Electric Co
LINAK
Moog Inc
PARKER HANNIFIN CORP
Rotork
Venture MFG. CO.
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