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Linear Actuators - Global Market Trajectory & Analytics

  • ID: 5030136
  • Report
  • May 2021
  • Region: Global
  • 410 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Del-Tron Precision, Inc.
  • Exlar Automation
  • Kollmorgen Corporation
  • Moticont
  • Rockwell Automation, Inc.
  • Tolomatic, Inc.

Global Linear Actuators Market to Reach $37.3 Billion by 2027


Amid the COVID-19 crisis, the global market for Linear Actuators estimated at US$24.3 Billion in the year 2020, is projected to reach a revised size of US$37.3 Billion by 2027, growing at a CAGR of 6.3% over the analysis period 2020-2027. Electrical, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$13.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hydraulic segment is readjusted to a revised 6.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 8.2% CAGR


The Linear Actuators market in the U.S. is estimated at US$3.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.6 Billion by the year 2027 trailing a CAGR of 8.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Pneumatic Segment to Record 7.2% CAGR


In the global Pneumatic segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.5 Billion in the year 2020 will reach a projected size of US$5.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.7 Billion by the year 2027, while Latin America will expand at a 8.8% CAGR through the analysis period.

Select Competitors (Total 44 Featured) -

  • Actuonix Motion Devices Inc.
  • Bishop-Wisecarver Corporation
  • Burr Engineering & Development Company
  • Del-Tron Precision, Inc.
  • Duff-Norton
  • Emerson Electric, Co
  • Exlar Automation
  • Flowserve Corporation
  • Helix Linear Technologies
  • Kollmorgen Corporation
  • Lin Engineering, Inc.
  • LINAK
  • Moticont
  • Parker Hannifin Corporation
  • PBC Linear
  • Progressive Automation Inc.
  • REGNER®
  • Rockwell Automation, Inc.
  • Rollon India Pvt. Ltd
  • Shenzhen ZhaoWei Machinery & Electronics Co., Ltd
  • SMC Corporation of America
  • Thomson Industries, Inc.
  • TiMOTION Technology Co. Ltd
  • Tolomatic, Inc.
  • Tsubakimoto Chain, Co
  • Tusk Direct, Inc.
  • Venture Manufacturing
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Del-Tron Precision, Inc.
  • Exlar Automation
  • Kollmorgen Corporation
  • Moticont
  • Rockwell Automation, Inc.
  • Tolomatic, Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Linear Actuators, Why are they so Vital in Leading the 4th Industrial Revolution?
  • Linear Actuators Remain the Driving Force for Robotics and Automated Machines
  • Precision Capabilities: the USP of Linear Actuators
  • Types Of Linear Motors
  • Applications Of Linear Motors
  • COVID-19 Outbreak: A Major Setback for the Global Economy & Markets
  • Exhibit 1: Virus Induced Recession Impacts Businesses Across Sectors: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Recent Market Activity
  • Innovations
  • World Brands
  • Automotive Industry, Accounting for Over 27.9% Share of Revenues Wields a Massive Blow to Demand
  • Exhibit 2: Halting Assembly Lines & Falling Production Impact OEM Demand for Auto Parts & Components: Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
  • Exhibit 3: Battered Consumer Confidence Knocks Down Sales With Grim Ramifications for Auto Components in the Production Value Chain: Reduction in Automotive Demand in 2020 (In Million Vehicles)
  • Use of Actuators in Automobiles: A Review
  • Exhibit 4: Nothing Can Be More Interesting than the Concept of Driverless Cars in a Pandemic Era of Social Distancing: Autonomous Vehicles Penetration Time Line (In %)
  • Use of Actuators in Automobile Production: A Review
  • Slumping Manufacturing Industry Impacts Demand for Linear Actuators Used in Machine Tools
  • Summarization of COVID-19 Impact on Manufacturing
  • Exhibit 5: Plummeting Global PMI Brings Bad News for Linear Actuators: Global PMI Index Points for the Years 2018, 2019 & 2020
  • Exhibit 6: Falling Industrial Output Stands Testimony to the Pain Inflicted on the Manufacturing Industry: Global Industrial Output Growth (In %) for Dec-2019, Jan-2020, Feb-2020, Mar-2020, Apr-2020 & May-2020
  • Exhibit 7: Massive Revenue Erosion in Machine Tools Market Impacts Demand for Linear Actuators: Global Market for Machine Tools (In US$ Billion)
  • Among the Lessons Learnt from the Pandemic is the Importance of Automation. Re-Doubled Focus on Manufacturing Automation to Benefit Medium-to-Long-Term Growth
  • What Does This Mean for the Linear Actuators Market?
  • Exhibit 8: Robust Outlook for Post Pandemic Industry 4.0 Spending Bodes Well for Linear Actuators in Automation Applications: Global Spending on Industry 4.0 Technologies (in US$ Billion) for the Years 2021 and 2023
  • Linear Actuators in Mining and Oil & Gas Applications: A Current & Post Pandemic Outlook
  • Valve Automation: The Key Goal of Linear Actuators in Mining and Oil & Gas Applications
  • Electric Linear Actuators Eliminate Methane Emissions
  • How COVID-19 is Changing the Outlook for the Year 2020
  • Exhibit 9: Massive Drop in CAPEX in 2020 Upends Opportunities for Linear Actuators in Oil & Gas Applications: Global Oil & Gas E&P Industry Spending (2015-2021E)
  • Construction Industry Sustains Billions in Revenue Losses. Demand for Electric Linear Actuators in Construction Machinery Takes a Beating
  • Exhibit 10: Construction Industry Collapses, Disrupting Demand for Heavy Construction Machinery & Parts/Components: Global Construction Spending (In US$ Trillion) for the Years 2019, 2020, & 2021
  • Smart Homes to Provide Robust Opportunities for Linear Actuators in Home Automation Systems
  • Exhibit 11: Growing Number of Smart Homes Catalyzes Opportunities for Linear Actuators in Enabling Simplified & Affordable Home Comfort Automation: Global Smart Homes Market (In US$ Billion) for the Years 2021, 2023 & 2025
  • Mechanization of Agriculture: A Big Opportunity for Linear Actuators
  • At the Helm of Automation in Agriculture is a Key Component Technology - “Linear Actuators”
  • Exhibit 12: Focus on Crop Productivity, Increased Reliance on Automated Machines to Drive Opportunities for Linear Actuators in Agricultural Machines: Required & Current Rate of Total Factor Productivity (TFP) Growth (In %)
  • Post Pandemic Focus on Strengthening Healthcare Systems to Benefit Use of Linear Actuators in Medical Equipment
  • Exhibit 13: With the COVID-19 Pandemic Exposing Global Healthcare Unpreparedness, There is Increasing Policy Led Focus on Rebooting Health Systems Worldwide: Current & Required Healthcare Spending as % of GDP
  • Use of Linear Actuators in UAVs & Aircraft to Increase in Sync with the Growing Commercial Opportunity for Drones & Expected Recovery in Aviation
  • Exhibit 14: In the Emerging Age of Autonomy, the World of UAVs is Getting Bigger & Along With it the Opportunity for Linear Actuators: Number of Countries Using Military & Commercial Drones
  • When Will the Aviation Industry Recover From COVID-19?
  • Exhibit 15: Expected Revenue Losses in Global Aviation Crushes All Hopes for an Early Recovery: Revenue Losses in Global Aviation (In US$ Billion) for April, July & December 2020
  • New Innovations Vital to Bring Back Growth in the Post COVID-19 Period
  • Pneumatic Linear Actuators Grow in Popularity. Here’s Why
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown
  • Actuonix Motion Devices Inc.
  • Bishop-Wisecarver Corporation
  • Burr Engineering & Development Company
  • Del-Tron Precision, Inc.
  • Duff-Norton
  • Emerson Electric, Co
  • Exlar Automation
  • Flowserve Corporation
  • Helix Linear Technologies
  • Kollmorgen Corporation
  • Lin Engineering, Inc.
  • LINAK
  • Moticont
  • Parker Hannifin Corporation
  • PBC Linear
  • Progressive Automation Inc.
  • REGNER®
  • Rockwell Automation, Inc.
  • Rollon India Pvt. Ltd
  • Shenzhen ZhaoWei Machinery & Electronics Co., Ltd
  • SMC Corporation of America
  • Thomson Industries, Inc.
  • TiMOTION Technology Co. Ltd
  • Tolomatic, Inc.
  • Tsubakimoto Chain, Co
  • Tusk Direct, Inc.
  • Venture Manufacturing
Note: Product cover images may vary from those shown
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