The volumes of linear actuator manufacturing are growing, and the trend is here to stay. It is happening due to the fact that linear actuators play an important role in many industries and their importance continues boosting.
According to the data provided by Verified Market Research, the share of the linear actuator market has grown to 16.13 billion USD in 2018. Until 2026, it is expected to grow for 6.4% more.
The study was conducted based on numerous comprehensive reports provided by different companies. The main aim was to assess the current trends in the actuator market, challenges, new developments and opportunities, and other factors that influence the market.
In the research, different aspects were covered. The market was assessed based on:
- The actuator applications
It was done to help to make smart decisions for investment and development purposes.
Leading Actuator Manufacturers
One of the aims was also to identify top manufacturers of linear actuators. Different companies were assessed. Based on numerous criteria, the following companies were determined as the leaders in the field.
Progressive Automations started as a USA manufacturer but very rapidly it moved to the worldwide arena. The company is known for the variety of its products, their top quality, and absolutely affordable prices. Their actuators are applied in such demanding industries as marine, agricultural, aerospace, and similar. The company is known for specializing exclusively in linear actuator solutions, electric actuators in particular.
Rockwell Automation is a world-leading producer of linear actuators and all types of solutions for manufacturing automation. It is known for producing not only products but software, too. The company has been in the market for more than 80 years and is for sure here to stay.
ABB Group is a multinational company. Its head office is located in Switzerland. ABB is known for being active in robotics, the production of heavy electrical equipment, technology, and products for industrial automation. The company is widely represented in the entire world, including the market of the USA where it has its own facilities.
MISUMI is a Japanese conglomerate that is known for its top-quality products for manufacturing automation. The company is headquartered in Tokyo but is active in the entire world thanks to its proprietary brands and products.
Its configurable and fixed products are used in all the industries and are known for their reliability and top-quality.
Curtiss-Wright is one of the leading manufacturers of products for industrial, defence, commercial, energy, and other markets. During the Second World War, the company became a leading manufacturer of aircraft.
Now, it is one of the major players in the production market for the aerospace sector. The company is known for supplying finished products and components.
Market Segmentation and Forecasts
We can divide the global market of linear actuators based on the following criteria:
- Segment type (application)
- The end-user of the product
Based on the application, or the segment type, we divide the market into:
- The market of linear actuators
- The market of rotatory actuators
Thus, here, we would like to highlight that the market of linear actuators started boosting in 2019. For now, the growth trend is observed. We expect that with the further industrial developments, the growth will continue.
The market segmentation based on an end-user is more varied. Here, we shall mention all the industries where linear actuators are used: automotive, marine, oil and gas, water supply and disposal, and similar. Basically, all the industries can be connected with the application of linear actuators. Though the segments that take the biggest advantage of linear actuators are the oil & gas and automotive sectors. It is expected that this trend is going to continue in the future, too.
Finally, geographically the market was analysed in the following regions:
Thus, the main share of the linear actuator market was represented by the Asian-Pacific sector. They registered the highest CAGR of 7.8% ad the value is expected to grow. It is because tech-leaders such as Japan and China are located here. The North American market`s influence is growing, too. Some of the oldest and most influential companies are headquartered and operate there.
the share of the linear market is going to grow. It is determined by the rapid development of industries where linear actuators and their systems are applied. Many industries are actively shifting from the application of pneumatic to electric actuators. More solutions and products are developed that require the movement accuracy and reliability of electric linear actuators.
While it is clear that many factors are going to influence the market development in general and this market in particular, it is already pretty clear that the share of linear actuator manufacturing is going to grow.
With contributions from Hayley Mann. She is a technology enthusiast specializing in automation methods of ergonomics devices. Her engineering background helps her to create interesting articles on technical topics, making them understandable for all readers.