Global Linear Actuators Market to Reach $34.9 Billion by 2026

Jul 01, 2023

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10 Aug, 2021, 10:00 ET

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SAN FRANCISCO, Aug. 10, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Linear Actuators - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE Edition: 9; Released: May 2021 Executive Pool: 4269 Companies: 44 - Players covered include Actuonix Motion Devices Inc.; Bishop-Wisecarver Corporation; Burr Engineering & Development Company; Del-Tron Precision, Inc.; Duff-Norton; Emerson Electric, Co; Exlar Automation; Flowserve Corporation; Helix Linear Technologies; Kollmorgen Corporation; Lin Engineering, Inc.; LINAK; Moticont; Parker Hannifin Corporation; PBC Linear; Progressive Automation Inc.; REGNER®; Rockwell Automation, Inc.; Rollon India Pvt. Ltd; Shenzhen ZhaoWei Machinery & Electronics Co., Ltd; SMC Corporation of America; Thomson Industries, Inc.; TiMOTION Technology Co. Ltd; Tolomatic, Inc.; Tsubakimoto Chain, Co; Tusk Direct, Inc.; Venture Manufacturing and Others. Coverage: All major geographies and key segments Segments: System (Electrical, Hydraulic, Pneumatic, Mechanical, Other Systems); End-Use (Automotive, Construction, Energy & Mining, Steel, Chemical, Military, Healthcare, Other End-Uses) Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.

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ABSTRACT-

Global Linear Actuators Market to Reach $34.9 Billion by 2026 Linear actuators were developed specifically for the semiconductor industry. Over the years, technological advancements have resulted in linear actuators reach extreme precision without compromising on their core property of speed. Growing in tandem with the requirements of the semiconductor industry, multiple linear motors to suit varied requirements have been developed In addition, easy integration with automation equipment, low down time, and lower prices have resulted in rapid adoption of linear motors and actuators. Presently, linear motors are capable of high dynamic agility, and coupled with velocities of 10 meters per second and acceleration of 20g, linear motors are amongst the best options for automation in multiple end-use applications. Apart from being competitive with belt drives and ball screws for advanced positioning applications, linear motors and actuators are also enabling automation of even difficult tasks. Various attributes such as being noise-free, maintenance-free, controllability and reliability are enabling linear drives to replace servo-controlled pneumatic cylinders which are plagued with noise as well as the additional cost of air compressors. Linear actuators remain a critical component of robotics and are expected to considerably advance the automated technology in the coming years. Extensively used in various applications across the robotics industry, linear actuators along with linear motors quietly perform important functions to enhance production and other tasks.

Amid the COVID-19 crisis, the global market for Linear Actuators estimated at US$24.3 Billion in the year 2020, is projected to reach a revised size of US$34.9 Billion by 2026, growing at a CAGR of 6.3% over the analysis period. Electrical, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$13.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hydraulic segment is readjusted to a revised 6.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.3 Billion in 2021, While China is Forecast to Reach $9.7 Billion by 2026 The Linear Actuators market in the U.S. is estimated at US$3.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.7 Billion by the year 2026 trailing a CAGR of 8.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

The automotive industry represents one of the major end-use markets for linear actuators. Linear actuators are commonly used in lifting, lowering, opening, closing Hoods/bonnets; trunks/boots; tailgates; tonneau covers; rumble seats; steering wheel; headrest; folding of the rear view mirror, displacement of the cleaning mechanism of the lights, opening and closing the sunroof or roof panel, activating control valves of gases and fluids etc. Automotive actuators control various processes in vehicles, such as regulating the lighting, controlling the doors, and brake application, among others. They can control various valves and devices in vehicles. The actuators are in turn controlled by various motors such as PMDC (permanent magnet DC motor), liner motor, and stepper motor. Automotive actuators are a kind of transducers that have the capability to change energy that is provided by a hydraulic, pneumatic, or electric source into mechanical motion. They cause action in a system. The main attribute of an automatic actuator is high thrust and high response, which enables in offering a good solution for precise spring and sudden stop.

Automotive actuators help reduce road accidents and are used in electronic parking brake, head light lifts, and in fuel pumps systems. Due to their improved performance, energy savings, and consistency, linear actuators which began gaining momentum in the pre-pandemic period will continue to gain momentum in the post pandemic period also. In the post pandemic period, growth of linear actuators will be supported by growing integration of electric and automated systems into vehicles; expected recovery in demand for electric vehicles worldwide; legislation of novel carbon dioxide emission regulations in various countries; continuous focus shed on fuel efficient vehicles; among others. Vehicles with automatic systems, such as window lock and door lock systems are heavy users of linear actuators. The growing use of automatic systems in vehicles will fuel adoption of these actuators. Virtually every car rolling off the assembly line even mid-segment cars today come loaded with automated comfort and convenience features, which bodes well for future growth of the market.

Pneumatic Segment to Reach $7.2 Billion by 2026

In the global Pneumatic segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.5 Billion in the year 2020 will reach a projected size of US$5.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2026, while Latin America will expand at a 8.8% CAGR through the analysis period. More

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About Global Industry Analysts, Inc. & StrategyR™Global Industry Analysts, Inc., (www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS: Zak Ali Director, Corporate Communications Global Industry Analysts, Inc. Phone: 1-408-528-9966 www.StrategyR.com Email: [email protected]

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