Linear Actuator Market Trends

Growth Drivers:

• Automation in manufacturing: Automation is one of the major factors in the growth of the market, as most industries around the world are adapting to automated systems to gain better and higher levels of precision. Such development points towards the importance of advanced actuators in automation processes, thereby driving the market ahead as industries look to optimize their processes and reduce operational costs.
• Adoption of electric vehicles: Another key market growth factor in the linear actuator can be attributed to the fast adoption rates of electrical vehicles. Demand for high-performing actuators has been increasing gradually.  In August 2023, LINAK introduced the LA33 Electric Linear Actuator in their powering options to meet this demand-the next progressive step to offer a potent and efficient solution to the automotive sector. This move complements the growth in the market and comes in line with the trend toward sustainable transportation, which is expected to further push demand for such technologies.
• Energy efficiency and sustainability: The increasing need for energy efficiency and promoting sustainability within the bigger global activity has significant effects on the linear actuator market. In April 2022, Bosch Rexroth launched the CytroMotion actuator system which is aimed at achieving energy efficiency by combining the robustness of hydraulic systems with the sustainability of electric actuators. This indicates how the innovation correctly reacts to the growing demand for actuators that contribute to the reduction of energy consumption and carbon footprints of industrial processes. As more and more industries search for ways to increase their sustainability factor, the demand for such energy-efficient actuators will increase, hence driving market growth.

Challenges

• Regulatory compliance: Another challenge that linear actuator manufacturers face is the demanding regulatory environment. Complying with such demands so far as regards energy efficiency directives and environmental legislation calls for the highest possible investments from the producers themselves in the products they manufacture. New regulations have been applied as of July 2023 by the European Union, focusing on increased energy efficiency for industrial machinery, which includes actuators. This may be expensive in terms of compliance and pose huge challenges to manufacturers, particularly the smaller players who may lack the resources to meet such requirements.
• Supply-chain disruptions: Global uncertainties have developed new challenges and disruptions in the supply chain for linear actuator companies. However, continuous perturbations in the supply chain may further be a restraint to the growth in the industry and hence would require sound supply chain management strategies by the manufacturers.