Electric Linear Actuator Market Surpasses US$ 20 Billion, Projected to Reach US$ 34 Billion by 2032 – FMIBlog

Oct 14, 2024

In 2022, the global sales market for electric linear actuators was valued at $20.5 billion. Over the next ten years (2022-2032), the global electric linear actuator market will grow at a 5.3% CAGR. The global market size is expected to be over $34.3 billion.

DC electric linear actuators will continue to be the best-selling category through 2032. According to Future Market Insights, the target category will grow at a 5.2% CAGR from 2022 to 2032.The worldwide market is being driven by rising demand for industrial, commercial, and medical applications. Growing need for automation and robotics will drive up demand for electric linear actuators.Electric linear actuators are becoming increasingly used in robotics and industry automation.

Electric linear actuators are used because they offer the user better precision and more consistency. Rising penetration of automation in the manufacturing of automobiles is likely to boost sales through 2032.

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Today, more and more automotive manufacturers are using automation and robotics. Robots perform procedures such as spot welding, clamping and fixing, and assembly pressing.

High adoption of robotics in automotive industry will propel electric linear actuator demand. This is because they have become crucial components of robots.

The most common type of electric linear actuator used is the DC electric linear actuator. There is a wide variety of industries that make use of DC electric linear actuators. One of the leading industries that use DC linear actuators is the aerospace industry.

The aerospace industry makes use of DC electric linear actuators in aircraft systems such as landing gear, flaps, and slats to control the movement of the aircraft.

Hence, rising demand for automation in aerospace & automotive sectors will boost the market. Further, increasing usage of electric linear actuators in medical devices and agricultural equipment will bode well for the market.

Key Takeaways from the Electric Linear Actuator Market Report:

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“High penetration of automation and robotics will boost electric linear actuator demand. Hence, key market players are expanding their portfolios to gain maximum profits.” Says a lead Future Market Insights analyst.

Who is Winning?

Parker Hannifin, SKF, Helix Linear Technologies, Linak, Tolomatic, Moteck Electric, Timotion Technology, Altra Industrial Motion Corp., Moog Inc, and Dewertokin are few leading manufacturers of electric linear actuators.

These companies are aiming at developing novel electric linear actuators for specific applications. They are also adopting mergers, partnerships, collaborations, and acquisitions to expand their presence and expertise.

Global Electric Linear Actuator Segmentation:

By Type:

By Application:

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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