The global 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.
Electric linear cylinders are electro-mechanical actuators that convert electric energy into linear displacement. They are portable, compact, and cost-effective compared to traditional hydraulic and pneumatic cylinders. Electric linear cylinders offer smooth and precise motion control abilities making them ideal for automation in various industrial applications such as assembly lines, packaging machines, lifting and lowering machines, test equipment, and robotics. The growing demand for industrial automation from manufacturing industries is a major factor fueling the demand for electric linear cylinders.
Market key trends:
One of the key trends in the electric linear cylinders market is the development of electric linear actuators with compact construction and high force output capabilities. Major players are focusing on integrating precision guide rail systems, high-performance motors, and ball screw drives into electric linear cylinders to enhance their specifications such as load capacity, accuracy, and speed. For instance, PARKER offers a series of compact electric linear actuators under the brand name CLA that are 50% smaller than comparably rated pneumatic cylinders but provide the same stroke lengths and force outputs. Such developments are increasing the adoption of electric linear cylinders in applications where space is a constraint.
Threat of new entrants: Low capital requirements and established industry players make it difficult for new players to enter the market.
Bargaining power of buyers: Large buyers can negotiate lower prices due to bulk purchases, increasing their bargaining power.
Bargaining power of suppliers: A few strong suppliers exist for key components increasing their bargaining power over players.
Threat of new substitutes: Growing popularity of hydraulic actuators poses threat of substitution.
Competitive rivalry: Presence of many global and regional players leads to high competitive rivalry.
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 industrial automation.
Regional analysis: North America dominated the global market in 2022 and is expected to continue its dominance during the forecast period. This is attributed to rapid industrialization and presence of major players in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period.
Key players operating in the electric linear cylinders market include 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.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it