Rodless Actuators Market Size, Share, Opportunities, And Trends By Type (Screw Actuators, Belt-driven Actuators), By Application (Opening and Closing Dampers, Remote Operation of Valves, Others), By End-user Industry (Manufacturing, Power and Energy, Electrical and Electronics, Others), And By Geography - Forecasts From 2023 To 2028

The rodless actuators market is projected to grow at a CAGR of 7.45% over the forecast period, increasing from US$10.366 billion in 2021 to US$17.141 billion by 2028. In addition to delivering thrust, Rodless actuators are used to carry the load without any need for external guidance and ways. Screw-driven models are widely used for axial force applications where space is limited, and the payload needs to be supported. A rodless actuator’s entire stroke length is contained in its body compared to the weight on the rod that extends beyond the body. Moreover, these rodless actuators are used to calculate the load precisely and are considered an effect and inertia of the load. A rodless actuator moves in all directions, helps eliminate the need to compensate the piston area and helps in transporting the load for a longer duration and distance with minimal deflection.

Increasing Adoption in the Manufacturing Sector

The use of rodless actuators is increasing in the manufacturing sector as the need for transport increases, and the penetration of rodless actuators is increasing. According to the Ministry of Statistics and Programme Implementation, the contribution of manufacturing to India’s GDP was Indian Rupees 5,910 billion in the second quarter of 2021 and Indian Rupees 6,760 billion in the second quarter of 2022. In developing countries such as India and China, the manufacturing sector is bolstering, and various government initiatives are being taken to increase the share of manufacturing in India. For instance, the National Manufacturing Policy aims to boost manufacturing share to 25% of GDP by 2025.

Modernization of Power Sector

The demand for rodless actuators for the power and energy industry is increasing as they have been adapted for wind turbines. These actuators are created considering load, coefficient of friction, and steady movement in mind. Additionally, devices that transform solar energy into useful energy require rodless actuators. Further, China is making significant investments to modernize parts of its power sector. Most renewable energy devices are powered by water, biofuel, wind, and solar energy. For these applications, accurate actuation is necessary to maximize system performance, which increases the requirement of rodless actuators, resulting in a rise in the electricity power generation in China. For instance, as per the BP Statistical Review of World Energy, 2021, electricity power generation increased from 7.78k terawatt in 2020 to 8.53k terawatt in 2021.

Asia Pacific is Expected to Grow Significantly

Due to the availability of affordable raw materials and the rise in the development of new technology at a better price, the industry in the region is expected to experience substantial expansion. Additionally, during the forecast period, the rodless actuators market in Asia-Pacific is expected to be driven by an increase in the deployment of robots and automation in the industrial sector. For instance, to facilitate sewage treatment per current environmental standards, more than 700 of Rotork PLC's CK modular rodless actuators were installed at the Shantou sewage treatment facility in Guangdong, China, in October 2020.

Player Insight:

• Tolomatic Inc. is a market leader offering a broad selection of rodless electromechanical actuators, including various screw & belt-driven actuators with different bearing designs & options. The company strives for product innovation & the best service for all end users' requirements. It has emerged as a leading supplier of different linear actuators, pneumatic rodless actuators, and linear motion control, among others.

Market Developments:

• In 2022, the company came up with its New Twin Profile Rail Stage (TRS) actuator, which is expected to increase production & improve accuracy as well. The roadless screw-driven actuator can be used for various applications such as laser positioning, drilling, cutting, material handling, and pick & place, among others.

Rodless Actuators Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$10.366 billion
Market Size Value in 2028	US$17.141 billion
Growth Rate	CAGR of 7.45% from 2021 to 2028
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Type, Application, End-User Industry, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Tolomatic Inc., Parker Hannifin Corporation, Kollmorgen, LINAK, Thomson Industries, Inc., Festo, HepcoMotion, Fuyu actuators., Emerson Electric Co., SMC Corporation
Customization Scope	Free report customization with purchase

 

Market Segmentation:

• By Type
  • Screw Actuators
  • Belt-Driven Actuators
• By Application
  • Opening and Closing Dampers
  • Remote Operation of Valves
  • Others
• By End-User Industry
  • Manufacturing
  • Power and Energy
  • Electrical and Electronics
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others

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

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Data

2.3. Validation

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

5. RODLESS ACTUATORS MARKET BY TYPE 

5.1. Introduction

5.2. Screw Actuators

5.3. Belt-Driven Actuators

6. RODLESS ACTUATORS MARKET BY APPLICATION

6.1. Introduction

6.2. Opening and Closing Dampers

6.3. Remote Operation of Valves

6.4. Others

7. RODLESS ACTUATORS MARKET BY END-USER INDUSTRY

7.1. Introduction 

7.2. Manufacturing

7.3. Power and Energy

7.4. Electrical and Electronics

7.5. Others

8. RODLESS ACTUATORS MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By Application

8.2.3. End-User Industry

8.2.4. By Country

8.2.4.1. United States

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Type

8.3.2. By Application

8.3.3. End-User Industry

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Type

8.4.2. By Application

8.4.3. End-User Industry

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.2. Germany

8.4.4.3. France

8.4.4.4. Spain

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By Application

8.5.3. End-User Industry

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Israel

8.5.4.4. Others

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By Application

8.6.3. End-User Industry

8.6.4. By Country

8.6.4.1. China

8.6.4.2. India

8.6.4.3. South Korea

8.6.4.4. Indonesia

8.6.4.5. Thailand

8.6.4.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisition, Agreements, and Collaborations

9.4. Market Share Analysis

10. COMPANY PROFILES

10.1. Tolomatic Inc.

10.2. Parker Hannifin Corporation

10.3. Kollmorgen

10.4. LINAK

10.5. Thomson Industries, Inc.

10.6. Festo

10.7. HepcoMotion

10.8. Fuyu actuators.

10.9. Emerson Electric Co.

10.10. SMC Corporation

Tolomatic Inc.

Parker Hannifin Corporation

Kollmorgen

LINAK

Thomson Industries, Inc.

Festo

HepcoMotion

Fuyu actuators.

Emerson Electric Co.

SMC Corporation