Global Electric Linear Actuators Market Growth 2023-2029

Electric Linear Actuators are electrically powered, mechanical devices consisting of motors, linear guides, and drive mechanisms, which are used to convert electrical energy into linear displacement through mechanical transmission, electro-magnetism, or thermal expansion to provide straight line push/pull motion. Key specifications include the intended application, drive type, motor type, the mounting configuration, as well as other physical dimensions and electrical characteristics. Electric linear actuators are used primarily in automation applications when a machine component, tool, etc. requires a controlled movement to a particular position. They are used in a wide range of industries where linear positioning is needed. The actuators are driven by several means including ball or lead screws, belts, or voice coils, among others. Typical applications include opening and closing dampers, locking doors, braking machine motions, etc.

Researcher's newest research report, the “Electric Linear Actuators Industry Forecast” looks at past sales and reviews total world Electric Linear Actuators sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Linear Actuators sales for 2023 through 2029. With Electric Linear Actuators sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Linear Actuators industry.

This Insight Report provides a comprehensive analysis of the global Electric Linear Actuators landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Linear Actuators portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Linear Actuators market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Linear Actuators and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Linear Actuators.

The global Electric Linear Actuators market size is projected to grow from US$ 1017.3 million in 2022 to US$ 1429.5 million in 2029; it is expected to grow at a CAGR of 1429.5 from 2023 to 2029.

North America is the largest Electric Linear Actuators market with about 32% market share. Europe is follower, accounting for about 28% market share.

The key players are THK, IAI, Parker, TiMOTION, LINAK, ABB, SKF, Chiaphua Components, Moteck Electric, Honeywell, Auma etc. Top 3 companies occupied about 43% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Linear Actuators market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

DC Electric Linear Actuators

AC Electric Linear Actuators

Segmentation by application

Industrial

Medical

Commercial

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

THK

IAI

Parker

TiMOTION

LINAK

ABB

SKF

Chiaphua Components

Moteck Electric

Honeywell

Auma

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Linear Actuators market?

What factors are driving Electric Linear Actuators market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Linear Actuators market opportunities vary by end market size?

How does Electric Linear Actuators break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Frequently Asked Questions