CAGR: 5.6%Current Market Size: USD 740.7 MillionFastest Growing Region: APAC
Largest Market: EuropeProjection Time: 2023-2030Base Year: 2022
The global electric linear cylinders market is expected to grow from USD 740.7 million in 2022 to USD 1145.39 million by 2030, at a CAGR of 5.6% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the rising demand from the automotive sector.
Electric cylinders are self-locking linear drives with the possibility for no strength while at rest. Electric cylinders are a good choice for replacing hydraulic and pneumatic structures. They can also fulfil the demands of high-pressure and high-speed applications. Motors are employed as a power supply for a variety of automatic gear because they provide excellent controllability. When constructing computerised equipment, several factors must be considered, including the management system, installation environment, and production line layout. It takes several hours to select the motor and various mechanical components and prepare functioning manuals. The usage of linear actuators helps to reduce this time and provides additional benefits. The electric powered linear cylinder is a linear actuator in which the motor is coupled with a linear motion mechanism. As a result, electric driven linear cylinders are ideal for pulling and pushing loads. As the global automotive industry expands, so does the requirement for automated production to regulate quality and production costs. Many automobile manufacturers use electric linear actuators in various automotive manufacturing processes as a result of greater automation. These actuators are employed in a variety of vehicle assembly procedures, including pressing, elevating, transporting, cutting, bending, stamping, and lifting.
Sample Request: - Global Electric Linear Cylinders Market
Market Dynamics:
Drivers:
The market for electric linear cylinders is expanding significantly on a global scale. The quickly expanding automotive sector, rising industrial use of electric linear cylinders, and rising preference for electric linear cylinders over pneumatic and hydraulic cylinders are the main factors propelling the growth of the global market. The electric linear cylinder has many benefits, including the highest level of precision and ease of scalability for any application or force demand. Additionally, they offer instant input for maintenance & diagnostics and are simply programmable or networkable. As compared to pneumatic and hydraulic cylinders, they also provide applied forces, stroke lengths, and custom speed with very little noise.
Restraints:
An electric linear cylinder must be stored properly, with appropriate insulation measures to prevent leakage, as these products are built to operate in a variety of temperatures. A faulty or poorly insulated electric linear can leak gases, adversely affecting employees and those around it.
Opportunities:
Various developments in IT, nanotechnology, and biotechnology will require the development of technologies, gadgets, and gadgets that will diminish in use, and will have to be extensively used. There is also the need for advanced systems in traditional industries such as the military, entertainment, medicine, and manufacturing, where large-force machines must be manufactured at high speeds, with great displacements, and at a high energy efficiency.
Challenges:
The price of electric linear cylinders is a major disadvantage. Their efficiency, design, and construction typically come at a higher initial cost. These actuators can overheat, making them unsuitable for continuous use or dangerous environments.
Segmentation Analysis:
The global automotive lighting market has been segmented based on linear speed, verticals, and region.
By Linear Speed
The linear speed segment includes 0.1m/s-0.5m/s, above 0.5m/s and others. The above 0.5m/s segment led the largest share of the electric linear cylinders market with a market share of around 41% in 2022. Electric linear cylinders with linear speeds above 0.5 m/s held a dominant position in 2017 and are expected to continue to do so over the Projection period. Typically, electric cylinders with linear speeds above 0.5 m/s are used in thrust-rod actuators driven by ball screws or load screws, which are primarily used for pushing-pulling and inserting operations with very short extension and retract times.
By Vertical
The vertical segment includes automotive, food & beverages, healthcare and others. The automotive segment led the largest share of the electric linear cylinders market with a market share of around 38% in 2022. Linear electric cylinders are used in a wide range of industries, mainly in the automotive industry, for material handling, and assembly. They allow accurate and precise positioning of heavy loads. Aside from machines and robots, these cylinders are also used in the automotive industry for opening and closing doors, robotic spot welding, assembly pressing, and fixtures, among others.
Global Electric Linear Cylinders Market- Sales Analysis.
The sale of electric linear cylinders expanded at a CAGR of 5.2% from 2016 to 2022
Electric linear cylinders are utilised in a variety of applications, including automotive, medical, industrial, material handling, and agricultural gear. These actuators are in charge of providing speed, control, and precision. However, it is thought to have a larger initial cost and a more complex design than fluid power cylinders (either pneumatic or hydraulic). The initial cost of various electric linear actuator components is expensive. Such factors are projected to impede the Global Electric Linear Actuator Market's growth rate throughout the Projection period.
A recent industry trend is technological breakthroughs in the design and development of electric linear cylinders and actuators. Electric cylinders are high-performance, low-cost alternatives to pneumatic and hydraulic cylinders, prompting manufacturers to focus on design innovation and improving the capabilities of electric linear cylinders.
Thus, owing to the aforementioned factors, the global electric linear cylinders market is expected to grow at a CAGR of 5.6% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the electric linear cylinders market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The European region dominated the electric linear cylinders market and held a 38.4% share of the market revenue in 2022.
Global Electrical Linear Cylinders Market - Country Analysis:
Germany's electric linear cylinders market size was valued at USD 85.32 million in 2022 and is expected to reach USD 7.1 million by 2030, at a CAGR of 5.9% from 2023 to 2030.
Audi, BMW and others are among the most prominent automobile manufacturers in Germany, which is expected to drive electric linear cylinder demand. Other industry verticals that are experiencing rapid growth, such as food and beverages and pharmaceuticals, are also contributing to electric linear cylinders growth.
China’s electric linear cylinders market size was valued at USD 18.48 million in 2022 and is expected to reach USD 29.01 million by 2030, at a CAGR of 5.8% from 2023 to 2030.
Due to the growing automotive sector in China, automobile manufacturers are increasingly looking for electric linear cylinders to control quality and production costs. Electric linear cylinders are used in various automotive production processes as a result of this increased automation. In addition to pressing, raising, and transporting, bending, stamping, and moving, these are included in different mechanisms for assembling vehicles.
India's electric linear cylinders market size was valued at USD 14.22 million in 2022 and is expected to reach USD 22.15 million by 2030, at a CAGR of 5.7% from 2023 to 2030.
One of India's largest industries is the automotive industry. It has recently experienced the entry of various new key players, including MG Hector of the U.K. and KIA from South Korea, both of which are expected to contribute to the growth of the sector. As a result of the growing automotive industry and the growing adoption of automation, electric linear cylinders are expected to be in high demand.
Key Industry Players Analysis:
To increase their market position in the global electric linear cylinders market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
5.6% |
Market Size |
740.7 million in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Linear Speed, By Vertical, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Bosch Rexroth AG, SEW-EURODRIVE GmbH & Co KG, BJ-Gear, Kollmorgen, Exlar Europe GmbH, Tsubakimoto Europe B.V., Tolomatic, Rockwell Automation, Moog, Inc., BJ-Gear, Mul-T-Lock, and Kollmorgen. |
By Linear Speed |
|
By Vertical |
|
Regional scope |
|
Scope of the Report
Global Electric Linear Cylinders Market by Linear Speed:
Global Electric Linear Cylinders Market by Vertical:
Global Electric Linear Cylinders Market by Region:
Global electric linear cylinders market size was USD 740.7 million in 2022
Increasing automotive sector and technological advancements.
The European region will witness more growth in the electric linear cylinders market.
Leading players in the electric linear cylinders market are Bosch Rexroth AG, SEW-EURODRIVE GmbH & Co KG, BJ-Gear, Kollmorgen, Exlar Europe GmbH, Tsubakimoto Europe B.V., Tolomatic, Rockwell Automation, Moog, Inc., BJ-Gear, Mul-T-Lock Kollmorgen among others.
Global electric linear cylinders market is expected to reach USD 1145.39 million by 2030, at a CAGR of 5.6% from 2023 to 2030.
Political Factors- To encourage a collaborative working culture, a transparent governance system is required. The industry of electric linear cylinders is currently dealing with several problems as a result of corruption and a lack of transparency. The current political turmoil and unpredictability are the main causes of this lack of openness. By encouraging fraudulent activities, making corporate processes like licensing and contracting more challenging, and reducing law enforcement, corruption undermines stakeholders' trust in commercial enterprises and governmental organizations. Rising bureaucratic corruption often slows economic growth, which limits the ability of markets like the elevator safety system market to thrive.
Economic Factors- It might be harder to meet growth targets for the elevator safety system sector in mature markets that are close to saturation. Therefore, when selecting nations for international expansion, the industry lifecycle stage must be taken into account. When deciding whether to expand internationally, the market for electric linear cylinders should analyze the rates of economic growth in the various nations. There are greater opportunities to pursue long-term growth goals in nations with rapid economic growth. Consumer spending becomes more restrained when the economy is growing slowly, which has a direct impact on the revenue growth of the elevator safety system sector.
Social Factors- Two significant social characteristics that may affect the marketing, sales, and human resource management plans for the elevator safety system market are respect for hierarchy and social class stratification. When approaching nations with large power distances, the elevator safety system market is most comfortable in hierarchical structures and formal work cultures. Increased social stratification is another indication that market segmentation tactics are needed, as the demand for electric linear cylinders cannot effectively target numerous people from various social classes using a single marketing mix.
Technological Factors- The elevator safety system market should benefit nations with superior technology infrastructure since these nations facilitate businesses' pursuit of goals including cost reduction, innovation, and value creation. It will be more difficult for the elevator safety system industry to leverage technology to gain a sustainable competitive advantage because it might be simple for rivals to copy, as demonstrated by a well-developed technological infrastructure. The rate and progress of technological innovation may impact the market and industry as a whole. The elevator safety system market will be able to comprehend the rate of new product development, the length of the product life cycle, and the specific features consumers demand by analyzing the forthcoming technological innovation trends.
Environmental Factors- The implementation of the closed-loop, circular economy concept is starting to become commonplace in several nations across a range of places and industries. Businesses with enabling institutional frameworks can facilitate material reuse and recycling. Similarly to this, recycling is a well-liked hobby throughout the world. The market for electric linear cylinders may gain from these sustainability trends and utilize them as a tool to accomplish financial goals by lowering manufacturing costs and lowering environmental costs.
Legal Factors- Rigid adherence to intellectual property rules benefits businesses like the elevator safety system Market because it safeguards their patents from infringement, giving them a sustainable competitive advantage. Numerous federal and state legislation is in place in several nations to safeguard consumers against potential economic abuse. Laws to protect consumer privacy has become tighter in the age of information technology. The elevator safety system market must strictly abide by data privacy laws while doing online transactions in order to prevent lawsuits.
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