Linear Actuator Market Size & Growth:

The Linear Actuator Market Size was valued at USD 35.57 Billion in 2023 and is expected to reach USD 66.96 Billion by 2032 and grow at a CAGR of 7.3% over the forecast period 2024-2032.

The Linear Actuator Market has experienced significant growth over recent years due to advancements in technologies, higher demand for automation, and growing applications across industries. Linear actuators registered an astonishing growth rate with the advancement of robotics, automation, and industrial machines in sectors. According to Global Industrial Robotics Survey, for the next five years, automation will occupy 25% of industrial companies' capital expenditure. Contributing to this growth will be the retail, consumer goods, logistics, and healthcare sectors.

To Get More Information on Linear Actuator Market - Request Sample Report

Logistically, companies expect even higher capital investment through automation into 30% of various technologies; linear actuators are not an exception. The high demand for automation reveals that industrial operations are attaining value in terms of efficiency and precision. Solution providers will also benefit from still-prevalent capital costs and industrial know-how for technological applications. 71% of those surveyed see the limitation of hardware costs and skill gaps as major hurdles to the increased adoption of automation. At the same time, an increase in speed, quality, safety, and production capacity would benefit the companies. This in return stimulates the demand for linear actuators in automated equipment. Taking all these factors into consideration, the linear actuator market is expected to pursue steady growth, particularly within industries involving significant degrees of automation.

Linear Actuator Market Dynamics

KEY DRIVERS:

• Industrial Automation and Robotics Propel Linear Actuator Market Growth

Another strong driver of linear actuators is demand from manufacturing, automotive, and logistics operations for automation. Reports indicate that 25% of industrial capital spending will go to automation over the next five years, so linear actuators are key for the accurate positioning of robotic arms, conveyor systems, and production lines. Industry 4.0, also called a smart factory, further ensures the demand because of its interconnected systems and requirements for high precision of motion control.

The growing adoption of automation and robotics has a positive effect on developing the linear actuator market. Over 500,000 industrial robots are newly installed every year, and linear actuators are irreplaceable tools for motion control in those systems. The major investments are made by the North American and Asia-Pacific areas in advanced manufacturing and smart factory architectures.

• Healthcare Innovations Drive Demand for Linear Actuators in Medical Devices

Increased investment in healthcare technologies, for instance, robotic surgeries, medical diagnostics, and adjustable devices, creates a demand for linear actuators. Moreover, the aging population and increased demand for healthcare push the linear actuators to ensure fluid and controlled movements of equipment in hospitals such as medical imaging and rehabilitation tools.

RESTRAIN:

• Technological Complexity and Skill Gaps: Barriers to Widespread Adoption of Linear Actuators

Most organizations face difficulties in lacking the appropriate professionals who can put advanced technologies into use with proper installation and maintenance. The deficit in such fields may hamper the widespread application of linear actuators. In addition, training current employees or hiring new talent incurs costs that steer companies further away from investing in linear actuator systems. In addition, 70% of manufacturers reported challenges in getting skilled workers, which is a key reason for labour skills to effectively include automation technologies. As more and more industries are reverting to automation and increasing productivity, the demand for linear actuators, which form an essential part of the machinery used in automation applications, would also be on the uptick.

According to the Census Bureau, shows that, by 2030, the number of unfilled manufacturing jobs will be 2.1 million. Most of this shortage will result from the aging workforce: 40% of manufacturing employees are set to retire. This article further pointed out that about 80% of the manufacturers are challenged to acquire skilled labour, which becomes pretty important for the inclusion of automation technologies such as linear actuators.

Linear Actuator Market Segmentation Analysis

BY MECHANISM TYPE

In 2023, the Mechanical segment of the linear actuator market accounted for the largest revenue share at 34% due to rising advancements in the manufacturing and automation sectors. Recently, Parker Hannifin and Siemens have designed innovative mechanical linear actuator systems that boost precision and efficiency in industrial applications.

The Hydraulic segment in the linear actuator market is to grow at the highest CAGR of 9.61% during the forecast period. It is because of recent increases in demand for high force and speed in the application of industrial requirements. Recent launch of advanced hydraulic actuators by various companies, including Bosch Rexroth and Parker Hannifin, improve the level of efficiency and performance in construction, agriculture, and other manufacturing applications.

BY END USE

In 2023, the automotive segment of the linear actuator market accounted for a significant revenue share of 44%, Manufacturers like Continental and Bosch have introduced innovative linear actuator solutions due to growing demand for automation and enhanced vehicle capabilities. Meanwhile, Continental has developed air actuators to enhance suspension systems to set real-time conditions that increase driving comfort and stability.

Linear Actuator Market Regional Outlook

In 2023, North America dominated the market for linear actuators with 33% of revenue share, because automation is now becoming increasingly widespread in various industries within the region, in particular those of aerospace and automobiles. According to the U.S. the sector for automation is expected to grow highly, and jobs in manufacturing are becoming more automated as productivity and efficiency increase. North America's healthcare industry is also growing, and one of the big industries demanding linear actuators is on the rise. Additionally, the U.S. Aging Statistics report shows that the population aged 65 and above is gradually increasing with each passing year. Then, by 2060, the Census Bureau predicts that the population aged 65 and over will reach 94.7 million, which will further fuel the increase in the need for mobility aids and healthcare solutions containing linear actuators.

The Asia Pacific region is expected to grow at the fastest CAGR of 8.92% from 2024 to 2032. It is primarily attributed to the growing adoption of electric vehicles in China and Japan that have involved linear actuators in numerous electric vehicle systems. Also, there is a major shift in the region toward renewable sources of energy that increases the demand for linear actuators as well. These actuators have been applied in many renewable energy applications, and importantly to solar tracking mechanisms that move, position, and maximally capture sunlight to produce energy.

Do You Need any Customization Research on Linear Actuator Market - Inquire Now

Key Players 

Some of the major players in the Linear Actuator Market are:

• Actuonix Motion Devices (L12-P Series, L35-P Series)

• BISHOP-WISECARVER (Electric Cylinder, Linear Actuator System)

• ElectroCraft (PowerPAC Linear Actuator, Miniature Linear Actuator)

• Emerson Electric Co. (ASCO Linear Actuator, Fisher Linear Actuator)

• Fabco-Air, Inc. (Electric Cylinder, Linear Actuator System)

• IAI America, Inc. (Linear Actuator, Electric Cylinder)

• ISOTECH, INC. (Linear Actuator, Electric Cylinder)

• LINAK (LA25, LA36)

• Progressive Automations Inc. (Linear Actuator, Electric Cylinder)

• Rollon Corp. (Linear Actuator, Electric Cylinder)

• SMC Corporation (Linear Actuator, Electric Cylinder)

• TiMOTION Technology Co. Ltd. (Linear Actuator, Electric Cylinder)

• Tolomatic USA (Linear Actuator, Electric Cylinder)

• Ultra Motion (Linear Actuator, Electric Cylinder)

• Venture MFG. Co. (Linear Actuator, Electric Cylinder)

• Rockwell Automation (Allen-Bradley Linear Actuator, Bulletin 800 Series Linear Actuator)

• Parker Hannifin Corporation (Parker Linear Actuator, IMI Precision Engineering Linear Actuator)

• ABB Ltd (ABB Linear Actuator, ABB Electric Cylinder)

• Helix Linear Technologies (Helix Linear Actuator, Helix Electric Cylinder)

RECENT TRENDS

• In October 2024, UAVOS unveiled its SDL-M-04B linear servo actuator to enhance high-performance control in UAVs in October 2024. The company's SDL-M-04B actuator is designed to allow for effective movement and reliability in a wide range of UAV applications. By introducing SDL-M-04B, UAVOS continues to demonstrate how the company works to advance UAV technology in general and ensure more efficient operation in drone operations.

• In January 2024, Emerson launched the Fisher Easy Drive 200R electric actuator, making the process of automation of valves quite simple. This new actuator offers improved performance capabilities and ease of installation, which simplifies the process of automation for industrial applications. It was in line with Emerson's efforts in innovation concerning the automation business and efficiency enhancement in operation.