Hydraulic and Electric Linear Actuators Market Report 2024

This Hydraulic And Electric Linear Actuators market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The hydraulic and electric linear actuators market size has grown rapidly in recent years. It will grow from $61.73 billion in 2023 to $68.42 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth observed during the historic period can be attributed to advancements in industrial automation, a rising adoption of linear actuators, increased demand for precise and controlled linear motion, greater utilization of hydraulic linear actuators, and a growing need for automated production.

The hydraulic and electric linear actuators market size is expected to see rapid growth in the next few years. It will grow to $103.6 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth anticipated for the forecast period can be attributed to the ongoing expansion of industrial automation and robotics, a heightened emphasis on energy efficiency and sustainability, continual advancements in linear actuator technology, growing demand for customizable and versatile actuator solutions, and increasing use of linear actuators in emerging markets. Key trends during this period include the automation of manufacturing processes, integration of IoT technologies, development of customizable linear actuator solutions tailored to specific industry requirements, ongoing technological advancements in actuators, and the adoption of broader automation technologies.

The growing demand for automation is projected to drive the expansion of the hydraulic and electric linear actuators market. Automation refers to the use of technology to perform tasks or processes independently, reducing the need for human intervention while improving productivity and consistency. This demand for automation is increasing due to the need for greater efficiency, productivity, and cost savings in manufacturing and business operations. Hydraulic and electric linear actuators are integral to automation, providing precise and controlled movement and force in machinery, thus improving efficiency and accuracy in industrial processes. For example, the International Federation of Robotics, a Germany-based robotics research organization, reported in September 2023 that factories worldwide installed 553,052 industrial robots in 2022, marking a 5% increase from the previous year. As a result, the growing emphasis on automation is driving the hydraulic and electric linear actuators market.

Key players in the hydraulic and electric linear actuators market are concentrating on developing innovative products, such as industrial positioning actuators, to offer reliable, versatile, and user-friendly motion control solutions for diverse industrial applications. Industrial positioning actuators are devices designed to precisely control the position of machinery or components in automated systems, thereby enhancing accuracy and efficiency in manufacturing and assembly processes. For instance, in May 2023, Motion Plus LLC, a US-based precision motion and control solutions provider, introduced the Motus1 (M1) industrial positioning actuator. This linear positioner, which uses belt and screw drives, is suitable for a range of applications including assembly lines, gantries, material handling, packaging, and palletizing. The M1 actuator, featuring ingress protection (IP) 54 standards with stainless-steel strip sealing and an optional seal kit, ensures reliable motion control. Its advanced belt and screw drive technology provides precise and high-quality alignment for industrial purposes.

In September 2023, Emerson Electric Co., a US-based technology and engineering firm, acquired Afag Holding AG for an undisclosed sum. This acquisition strengthens Emerson's factory automation capabilities by integrating Afag's advanced electric linear motion solutions with Emerson's pneumatic technology, thereby broadening its market presence. Afag Holding AG, based in Switzerland, is a manufacturer of assembly automation components, including electric linear actuators.

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.

Asia-Pacific was the largest region in the hydraulic and electric linear actuators market in 2023. 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.

The countries covered in the hydraulic and electric linear actuators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Hydraulic and electric linear actuators are devices that convert energy into linear motion. Hydraulic actuators use fluid pressure to generate high force, making them suitable for demanding applications, while electric actuators use electric motors to provide precise control and efficiency. By combining these technologies, systems can utilize the power of hydraulics alongside the precision and responsiveness of electric actuation, thereby enhancing performance in various industrial applications.

The main types of linear actuators are hydraulic and electric. Hydraulic actuators use pressurized fluid to create linear motion and are typically employed in high-force applications such as heavy machinery and industrial automation. These actuators can be categorized by their force capacity into three ranges, up to 250 pounds, 250 pounds to 1,000 pounds, and above 1,000 pounds. They are available from original equipment manufacturers (OEMs) and the aftermarket. The end-user industries for these actuators include manufacturing and industrial automation, aerospace, construction and heavy machinery, oil and gas, mining, automotive, marine, power generation, renewable energy, and more.

The hydraulic and electric linear actuators market research report is one of a series of new reports that provides hydraulic and electric linear actuators market statistics, including hydraulic and electric linear actuators industry global market size, regional shares, competitors with a hydraulic and electric linear actuators market share, detailed hydraulic and electric linear actuators market segments, market trends and opportunities, and any further data you may need to thrive in the hydraulic and electric linear actuators industry. This hydraulic and electric linear actuators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hydraulic and electric linear actuators market consists of sales of hydraulic cylinders, double-acting and single-acting hydraulic actuators, electric actuators, ball screw actuators, belt drive actuators, and control systems with sensors and feedback devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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