Hydraulic And Electric Linear Actuators Market Expected to Achieve 10.8% CAGR by 2029: Growth Forecast Insights

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How Large Will the Hydraulic And Electric Linear Actuators Market Size By 2025?
The market for hydraulic and electric linear actuators has expanded swiftly in the past few years. The market forecast suggests an increase from $68.42 billion in 2024 to $76.04 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 11.1%. Factors contributing to this trajectory can be traced back to the surge in industrial automation, higher acceptance of linear actuators, an uptrend in demand for accuracy and control in linear motion, expanded use of hydraulic linear actuators, and a rise in requirements for automated manufacturing.

How Big Is the Hydraulic And Electric Linear Actuators Market Size Expected to Grow by 2029?
It is anticipated that the market size of hydraulic and electric linear actuators will experience substantial growth in the imminent years. The market is projected to reach $114.71 billion by 2029, with a compound annual growth rate (CAGR) of 10.8%. This growth within the forecast period is likely owed to the consistent advancement in industrial automation and robotics, heightened concentration on energy efficiency and sustainability, ongoing enhancements in linear actuator technology, a growing need for adaptable and tailor-made linear actuator solutions, and an expanding use of linear actuators in budding markets. The key trends within the forecast period comprise automation in manufacturing, the incorporation of IoT technologies, customizable linear actuator solutions designed to meet unique industry requirements, ongoing progress in actuator technology, and the adoption of automation technologies.

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Which Key Market Drivers Powering Hydraulic And Electric Linear Actuators Market Expansion and Growth?
The growth of the hydraulic and electric linear actuators market is projected to be driven by the escalating demand for automation. This demand can be attributed to the rising need for better efficiency, productivity, and cost-effectiveness in both manufacturing and business operations. Automation, which minimises reliance on human intervention by autonomously executing processes or tasks, leverages technology to improve productivity and consistency. Hydraulic and electric linear actuators play a crucial role in automation, delivering specific, controlled movement and force in machinery, thereby boosting efficiency and precision in industrial procedures. A report from the International Federation of Robotics, a Germany-based robotics research organization, revealed that in September 2023, there were 553,052 industrial robots globally installed in factories in 2022, reflecting a 5% rise from the preceding year. This escalating demand for automation is, therefore, fuelling the growth of the hydraulic and electric linear actuators market.

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Which Fast-Growing Trends Are Poised to Disrupt the Hydraulic And Electric Linear Actuators Market?
Leading firms in the hydraulic and electric linear actuators market are concentrating their efforts on the creation of innovative offerings, such as industrial positioning actuators. These devices offer a dependable, adaptable, and user-friendly solution for motion control across a range of industrial settings. Their functionality allows for precise control of machine or component positions within automated systems, thereby increasing precision and efficiency of manufacturing and assembly processes. For example, in May 2023, US-based precision motion and control solutions provider, Motion Plus LLC, introduced the Motus1 (M1) industrial positioning actuator. The M1 utilises belt and screw drives and is aptly suited to a variety of uses including assembly lines, gantries, material handling, packaging, and palletizing. The M1 actuator, which is compliant with ingress protection (IP) 54 standards with its stainless-steel strip sealing and optional seal kit, offers unwavering motion control. The sophisticated belt and screw drive technology it employs ensures accurate and superior alignment for industrial purposes.

What Are the Emerging Segments in the Hydraulic And Electric Linear Actuators Market?
The hydraulic and electric linear actuatorsmarket covered in this report is segmented -

1) By Type: Hydraulic, Electric
2) By Force Capacity: Up To 250 Pounds, 250 Pounds To 1,000 Pounds, Above 1,000 Pounds
3) By Sales Type: Original Equipment Manufacturer (OEM), Aftermarket
4) By End-User Industry: Manufacturing And Industrial Automation, Aerospace, Construction And Heavy Machinery, Oil And Gas, Mining, Automotive, Marine, Power Generation, Renewable Energy, Other End User Industries

Subsegments:
1) By Hydraulic Actuators: Single Acting Hydraulic Cylinders, Double Acting Hydraulic Cylinders, Hydraulic Rodless Cylinders, Hydraulic Power Units, Compact Hydraulic Actuators
2) By Electric Actuators: Screw-Type Electric Actuators, Belt-Driven Electric Actuators, Linear Stepper Motors, Servo Electric Actuators, Electric Rod Actuators.

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Who Are the Global Leaders in the Hydraulic And Electric Linear Actuators Market?
Major companies operating in the hydraulic and electric linear actuators market are Eaton Corporation plc, Parker Hannifin Corporation, Emerson Electric Co., SKF Group AB, Bosch Rexroth AG, Thomson Industries Inc., Ametek Inc., SMC Corporation, Flowserve Corp., Moog Inc., KYB Corporation, Curtiss-Wright Corporation, Rotork plc, SCHUNK SE & Co. KG., Timotion Technology Co Ltd, Bimba Manufacturing Co, Power-Packer inc., Tolomatic Inc, LINAK AKTIESELSKAB, Kyntronics Inc., Römheld GmbH Friedrichshütte, Actuonix Motion Devices Inc.

Which are the Top Profitable Regional Markets for the Hydraulic And Electric Linear Actuators Industry?
Asia-Pacific was the largest region in the hydraulic and electric linear actuators market in 2024. The regions covered in the hydraulic and electric linear actuators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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