The Electric Linear Cylinders Market is estimated to be valued at US$ 760.4 Mn in 2022 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Electric linear cylinders are electromechanical actuators that generate linear motion. They are commonly used in industrial automation applications where precision and control are important. Electric linear cylinders offer advantages over pneumatic and hydraulic cylinders such as noiseless operation, customizable speed and force control, and easier integration with digital controls. Common uses of electric linear cylinders include robotics, semiconductor equipment, packaging machines, and test stands. With the ongoing trend of industrial automation and rising demand for electric vehicles, the market for electric linear cylinders is expected to grow significantly in the coming years.
Market Dynamics:
The increasing demand for industrial automation across various end-use industries such as automotive, food & beverages, electronics, and semiconductors is a key driver for the electric linear cylinders market. Industrial robots require precise linear motion control which electric linear cylinders provide. The growing adoption of collaborative robots or ‘cobots’ in small and medium enterprises is also fueling market growth. Furthermore, the rising production of electric vehicles has increased the use of electric linear actuators in automotive assembly lines for applications such as battery pack installation, seat adjustment, and cargo management. Electric vehicle manufacturers are increasingly automating manufacturing processes to improve productivity and meet demand. This is positively impacting the electric linear cylinders market.
Segment Analysis
Electric Linear Cylinders Market can be segmented based on type, application and end-use industry. The rack and pinion type segment currently dominates the market owing to high load bearing capacity and accuracy. It finds widespread use in material handling applications requiring precise motion.
PEST Analysis
Political: Stable political environment and supportive regulations in most regions promote adoption of automation technologies.
Economic: Growth of end-use industries such as automotive, food and beverages drive market demand. However, rising costs may limit market growth.
Social: Increasing awareness about workplace safety and need for error-free operations favor market growth.
Technological: Advancements in linear motion systems improve functionality and enable integration of connectivity and smart features.
Key Takeaways
The Global Electric Linear Cylinders Market Size is expected to witness high growth, exhibiting CAGR of 5.1% over the forecast period, due to increasing adoption in industrial automation. The Asia Pacific region is expected to dominate the market during the forecast period, owing to growth of the end-use industries in China and India.
Regional analysis
The Asia Pacific region is projected to be the fastest as well as largest growing market for electric linear cylinders during the forecast period. This significant growth can be attributed to rapid industrialization and increasing manufacturing activities in major economies such as China and India.
Key players
Key players operating in the electric linear cylinders market are Bosch Rexroth AG, Tsubakimoto Europe B.V., RACO-Elektro-Maschinen GmbH, Mul-T-Lock, Exlar Europe GmbH, Linearmech S.R.L., Parker Hannifin, SEW-EURODRIVE GmbH & Co KG, SKF, BJ-Gear, Kollmorgen, Tolomatic, RK Rose+Krieger GmbH, Seimens AG, Moog, Inc., SMC Corporation, and Rockwell Automation.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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