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2025-2034 Linear Actuator Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsWhat Is the Expected CAGR for the Linear Actuator Market Through 2025?
The scale of the linear actuator market has significantly expanded in the last few years. Its projected growth is expected to rise from $41.25 billion in 2024 to $44.87 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.8%. The historic period's growth is credited to the surge in manufacturing automation, the evolution of robotics, the miniaturization of devices, integration with the Internet of Things (IoT), and the escalating demand for electric vehicles.
What's the Projected Size of the Global Linear Actuator Market by 2029?
In the coming years, the linear actuator market is projected to experience significant growth, with its value expected to reach $58.72 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.0%. This projected growth during the forecast period can be accredited to factors such as the use of brakes, EGR, and turbo applications within the automotive industry, anticipated market expansion, and the ever-increasing demand for energy-efficient solutions. Also contributing to this growth are the strong foothold of current market vendors and the escalating demand for compact, lightweight actuators. The forecast period also anticipates trends such as the rise in automation within the manufacturing sector, advancements in the field of robotics, device miniaturization, integration with the Internet of Things (IoT), and a growing interest in electric vehicles.
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Top Growth Drivers in the Linear Actuator Industry: What's Accelerating the Market?
The linear actuator market is predicted to grow, driven by the surging popularity of electric vehicles (EVs). These vehicles rely wholly or partly on electric energy from rechargeable batteries. Notably, the increasingly eco-conscious younger generations are becoming more open to forward-thinking technologies, hence the uptick in EV adoption. Linear actuators have found practical applications in EVs, specifically in providing exact control of functions such as adjusting backrests, positioning windows, and managing automatic door systems, thus enhancing passenger safety and comfort. As an example, data from the France-centred autonomous intergovernmental body, the International Energy Agency, highlights that electric car sales have shot up approx. 25% in the first quarter of 2024 compared to the same timeframe in 2023. Consequently, the progressive rise in the popularity of electric vehicles is fuelling the linear actuator market's growth.
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What Trends Will Shape the Linear Actuator Market Through 2029 and Beyond?
Leading companies in the linear actuator market, such as Motion Plus LLC, are creating cutting-edge products like the motus1 (m1) industrial positioning actuator to deliver enhanced features to their clientele. These actuators are known for converting circular movement to linear movement for accurate positioning in a variety of uses. In May 2023, the US-based automation producer, Motion Plus LLC, known for creating linear actuators, introduced their product, the motus1 (m1) industrial positioning actuator. The motus1, with its belt-and-screw-drive design, is suitable for a multitude of functions including assembly lines, gantries, packaging, palletizing, and handling of materials. The actuator adheres to the ingress protection (IP) 54 standards due to the use of stainless-steel strip sealing and an additional seal kit. The m1 actuator offers reliable motion control for industrial applications as its sophisticated belt and screw drive technology ensures high-quality and precise alignment management.
What Are the Main Segments in the Linear Actuator Market?
The linear actuator market covered in this report is segmented -
1) By Material: Aluminum, Steel, Zinc
2) By Operation Mechanism: Mechanical, Hydraulic, Pneumatic, Electro-Mechanical Actuators
3) By End-User: Construction, Aerospace And Defense, Industrial, Automotive, Other End-Users
Subsegments:
1) By Aluminum: Extruded Aluminum Linear Actuators, Aluminum Tube Actuators, Anodized Aluminum Linear Actuators, Aluminum Frame Actuators
2) By Steel: Stainless Steel Linear Actuators, Carbon Steel Linear Actuators, Galvanized Steel Actuators, Steel Frame Actuators
3) By Zinc: Zinc-Plated Linear Actuators, Zinc-Coated Actuators, Zinc Alloy Actuators, Zinc Die-Cast Actuators
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Which Top Companies are Driving Growth in the Linear Actuator Market?
Major companies operating in the linear actuator market report are Parker Hannifin Corporation, Emerson Electric Co., Rockwell Automation Inc., Bosch Rexroth AG, SMC Corporation, IAI America Inc., Flowserve Corporation, Tsubakimoto Europe B.V., Kollmorgen Corporation, LINAK A/S, TiMOTION Technology Co. Ltd., ElectroCraft, Rollon Corp., Exlar Automation, Progressive Automations Inc., Lin Engineering Inc., Tolomatic Inc., Fabco-Air Inc., PBC Linear, DUFF NORTON AUSTRALIA, Bishop-Wisecarver Corporation, Helix Linear Technologies, REGNER, Venture Manufacturing Co., Actuonix Motion Devices, Burr Engineering & Development Company, Del-Tron Precision Inc, Moticont, Tusk Direct Inc., ISOTECH INC.
Which Regions Will Dominate the Linear Actuator Market Through 2029?
North America was the largest region in the linear actuator market in 2024. The regions covered in the linear actuator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Table of Contents:
Table of Contents
Global Micro Actuator Market Research Report 2018
1 Micro Actuator Market Overview
1.1…
