Press release
Leading Companies Fueling Growth and Innovation in the Linear Actuator Market
Linear Actuator
Projected Market Size and Growth Prospects for the Linear Actuator Market
The linear actuator market is forecasted to reach $56.89 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.5%. This upward trend is largely driven by applications in automotive components like brakes, exhaust gas recirculation (EGR), and turbochargers. Additional factors contributing to the market's expansion include increasing demand for energy-efficient solutions, the presence of established vendors, and the rising need for actuators that are both compact and lightweight. Key trends anticipated to influence the market during this period involve enhanced automation in manufacturing processes, advances in robotics, the miniaturization of devices, integration with the Internet of Things (IoT), and growing adoption of electric vehicles.
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Leading Companies Dominating the Linear Actuator Industry
Several prominent corporations dominate the linear actuator market, including Parker Hannifin Corporation, Emerson Electric Co., Rockwell Automation Inc., Bosch Rexroth AG, SMC Corporation, and IAI America Inc. Other notable players include 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., and ISOTECH INC.
Recent Industry Developments Strengthening Market Positions
In a significant move in September 2023, Emerson Electric Co., a US-based linear actuator manufacturer, acquired Afa*g Holding AG. Although the financial terms were undisclosed, this acquisition enhances Emerson's manufacturing automation capabilities by combining Afa*g's electric linear motion solutions with Emerson's expertise in pneumatic motion technologies. Afa*g Holding AG, headquartered in Switzerland, specializes in electric linear motion and handling automation, making this partnership a strategic expansion of Emerson's motion portfolio.
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Emerging Innovations and Future Trends in the Linear Actuator Market
Market leaders are focusing on developing innovative products that offer enhanced functionality and precision. One example is the launch of the motus1 (m1) industrial positioning actuator by Motion Plus LLC in May 2023. This US-based automation company introduced the m1 actuator as a belt- and screw-driven linear positioner designed for a variety of industrial uses including assembly lines, gantries, material handling, packaging, and palletizing. The actuator's IP54 rating is achieved through stainless-steel strip sealing and an optional seal kit, ensuring protection against dust and water. With its advanced drive technology, the m1 provides reliable and precise motion control for demanding applications.
Comprehensive Segmentation of the Linear Actuator Market
The linear actuator market is segmented by type, application, and region to offer a detailed understanding of market dynamics. For instance, within related sectors, the rechargeable poly lithium-ion battery market-closely linked to actuator applications-is categorized by component, structure, and use. Components include cathode materials such as Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Nickel Manganese Cobalt (NMC), and Lithium Nickel Cobalt Aluminum Oxide (NCA). Anode materials cover graphite, silicon-based anodes, lithium titanate, and others. Electrolytic solutions are divided into liquid, solid, and gel electrolytes, while other components include battery management systems (BMS), separators, and current collectors. Applications span electric vehicles, consumer electronics, power, industrial sectors, and more, reflecting the broad utilization of technologies supporting linear actuator growth.
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