Linear Actuator Market Size

Linear Actuator Market size was over USD 50 billion in 2023 and is poised to reach USD 135.9 billion by the end of 2036, growing at around 8% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of linear actuator is estimated at USD 54 billion.

The market is expanding due to the growing trend of automation in many industries. Key drivers to this growth are the rise of electric vehicles, advances in robotics and smart factories, and the demand for more accurate motion control in the manufacturing processes. Moreover, the drive toward energy efficiency by integrating advanced technologies into actuators also brings new opportunities for manufacturers to innovate and gain market share. Several companies in the linear actuator market are aggressively innovating to stay afloat in their respective areas of operation and meet dynamic industrial needs. 

Government initiatives also contribute towards the adoption of linear actuators in industrial automation.  In July 2023, the U.S. Department of Energy launched an initiative on the energy efficiency of industrial equipment, including the actuators. The program, therefore, supports incentives that have been made towards the industry in line with adopting energy-efficient technologies, which helps in encouraging manufacturers to adopt advanced actuators within their operations. The aforementioned regulatory support is likely to drive the growth of the markets by ensuring sustainable and efficient manufacturing practices.