Global Electric Linear Actuators Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electric Linear Actuators Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Linear actuators are a cleaner and more effective alternative to hydraulic and pneumatic solutions. The electric linear actuator converts the rotary motion of the gear and ball or lead screw into linear or linear motion to achieve accurate and repeatable performance of pushing/pulling, raising/lowering, rotating or positioning loads. Electric linear actuators can provide high efficiency, high control capabilities, high performance accuracy, continuous reliability and low maintenance costs.

Market Overview:

The latest research study on the global Electric Linear Actuators market finds that the global Electric Linear Actuators market reached a value of USD 2537.82 million in 2022. It’s expected that the market will achieve USD 3688.46 million by 2028, exhibiting a CAGR of 6.43% during the forecast period.

Influence of COVID-19 Outbreak on Electric Linear Actuators Industry Development

The coronavirus has caused widespread economic losses and caused most manufacturing industries in the world to decline. Preventing epidemics forces people to stay at home passively. Through the practice of social evacuation, the activities of consumers and enterprises are reduced to a minimum. The impact of COVID-19 on the electric linear actuator industry will involve all entities in the industry chain.

The company’s management efficiency has declined, commuting has been severely hampered, production plans have been severely hampered, network expansion has been delayed, marketing has been delayed, brand adjustment has been forced, market sales have fallen, and company and employee income has fallen. At the same time, the downstream market activities of electric linear actuators are limited, production and projects are suspended, and people's purchasing power declines and other factors have led to an overall decline in downstream demand. The decline in production and demand has led to an overall decline in the market in 2020.

Strength

Accurate, powerful actuators support equipment control systems in countless industries. Electric linear actuators can provide high efficiency, high control capabilities, high performance accuracy, continuous reliability and low maintenance costs.
With the growth of automation demand, linear electric actuators are increasingly used in industrial automation equipment.

Weakness

The manufacturing industry has slowed down, in which the automotive industry has declined in the past two years
Electric linear actuators have higher initial costs and more complex designs. However, the maintenance and operating costs of these linear actuators are lower than alternative products

Opportunities

Technological advancements in long life and high precision provide growth opportunities
The trend of industrial automation facing the manufacturing industry is growing, and the industrial Internet of Things is integrated

Threat

The rebound of Covid-19 in some countries and the uncontrollable phenomenon will have an impact on the global economy and will have a negative impact on the supply chain

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

SMC Corporation, LINAK, PARKER HANNIFIN, THK and Thomson Industries are the five key players in the global Electric Linear Actuators market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Electric Linear Actuators market in the past 5 years.

SMC Corporation manufactures directional control devices such as power, hand, and air valves. The Company also produces air filters, cylinders, and actuators along with other pneumatic equipment.

LINAK manufactures and distributes linear actuators, lifting columns, switchgear, and control boxes. The Company markets its products to companies in the medical equipment, office automation and design, and industrial design sectors worldwide.

Segmentation Overview:

Among different product types, DC Linear Actuators segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Off-highway Vehicles segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Electric Linear Actuators market covered in Chapter 3:

ABB
Firgelli Automations
Moteck
Chiaphua Components
Thomson Industries
Servomech
IAI
SMC Corporation
Venture Mfg. Co.
LINAK
MecVel
TiMOTION
PARKER HANNIFIN
Hiwin
Ewellix
Auma
RK Rose+Krieger GmbH
Progressive Automations
THK
Kollmorgen

In Chapter 4 and Chapter 14.2, on the basis of types, the Electric Linear Actuators market from 2018 to 2029 is primarily split into:

DC Linear Actuators
AC Linear Actuators

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electric Linear Actuators market from 2018 to 2029 covers:

Mechanical Engineering
Furniture
Off-highway Vehicles (agricultural or construction machines)
Medical
On-highway Vehicles
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)