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.
The whole market is growing due to the development of downstream industry from 2012 to 2022. The industry?s rapid expansion pace slowed to a crawl in 2014. Various players are adopting competitive strategies such as collaborations, acquisitions and capitalizing untapped opportunities in the World, to sustain and gain market penetration.
Globally, the Electric Linear Actuators industry market is concentrated. And some enterprises, like IAI, Parker, THK, LINAK, SKF are well-known for the wonderful performance of their Electric Linear Actuators and related services. At the same time, North America, occupied 28.63% sales market share in 2016, is remarkable in the global Electric Linear Actuators industry.
The sales of Electric Linear Actuators are related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Electric Linear Actuators industry may not keep that fast. But it is surely forecasted that the market of Electric Linear Actuators is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Electric Linear Actuators market to approach these areas. QYR analysis of the Electric Linear Actuators market indicated that North America would account for the highest sales in 2022 with close to 28 percent of global sales coming from this region.
Although the market competition of Electric Linear Actuators is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Electric Linear Actuators and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
According to this study, over the next five years the Electric Linear Actuators market will register a 3.5% CAGR in terms of revenue, the global market size will reach USD 1100 million by 2024, from USD 890 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Electric Linear Actuators business, shared in Chapter 3.
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.
This study considers the Electric Linear Actuators value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
DC Electric Linear Actuators
AC Electric Linear Actuators
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Industrial
Medical
Commercial
Others
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
IAI
Parker
THK
LINAK
SKF
Moteck Electric
Chiaphua Components
Tolomatic
TiMOTION
DewertOkin
Helix
Linear-Mech
Venture Mfg
Thomson
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Electric Linear Actuators consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Electric Linear Actuators market by identifying its various subsegments.
Focuses on the key global Electric Linear Actuators manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electric Linear Actuators with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electric Linear Actuators submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
