The competition in the linear actuator market is considered to be relatively high. Some of the key players include Parker Hannifin Corporation, Thomson Industries, Inc. subsidiary of Altra Industrial Motion Corp., and Bosch Rexroth AG. Other major players are SKF Group, Rockwell Automation, and Tolomatic Inc. Other contributors towards market diversification include regional manufacturers and specialized providers like Ewellix, earlier known as SKF Motion Technologies, and Actuonix Motion Devices. Some key factors governing competition in the industry include technological innovation, product differentiation, pricing strategy, and the capability of companies to provide customized solutions to different applications across manufacturing, healthcare, and automotive industries.
In a key development, Tolomatic Inc. introduced its new RSX128 electric rod-style actuator in March 2023 for extreme force applications as high as 100,000 lbf (445 kN). The high-force actuator is very suitable for high demands on industrial applications in pressing, punching, stamping, and assembly in the automotive and general industries. Such developments further intensify the competitive outlook of the market.
Here are some leading players in the market:
Author Credits: Abhishek Verma
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