by The 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.
Market Overview:
Electric linear cylinders are electromechanical actuators that provide precise linear motion to components, machines, and tools. They convert electric signals into linear displacement and are used for applications across industries such as industrial robotics, semiconductor manufacturing tools, machine tending, material handling, and assembly lines.
Market Dynamics:
Surging demand from industrial robotics and semiconductor manufacturing tools is expected to be a key driver for the electric linear cylinders market growth over the forecast period. Many manufacturing companies are adopting industrial robotics to enhance productivity and reduce costs. Furthermore, with growing complexity of semiconductor chips and tools, manufacturers are increasingly using electric linear cylinders in their components for precise linear motion control.
Market key trends:
Electric linear cylinders are widely being adopted for industrial automation applications such as handling, assembly lines, packing and palletizing due to advantages such as high precision, versatility and efficiency. There has been a rising demand for electric linear cylinders from industries such as automotive, semiconductor, electronics and food & beverages for various automated manufacturing processes. Electric linear actuators offer benefits such as inherent overload protection, adjustable force and speed controls.
SWOT Analysis:
Strength: Electric linear cylinders provide high precision and accuracy in motion. They offer benefits like programmable speeds and forces.
Weakness: Initial investment for electric linear cylinders can be high compared to pneumatic systems.
Opportunity: Growing demand for automation from industries like automotive, electronics is driving opportunities for electric linear cylinder providers.
Threats: Availability of low-cost pneumatic alternatives can threaten electric linear cylinder market. Fluctuating raw material prices pose threats.
Key Takeaways
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 automation across industries.
Regional analysis: Asia Pacific dominated the global market in 2022, accounting for around 35% of overall shares, backed by strong presence of electronic and automotive industries in China, Japan and other emerging economies. Growth of manufacturing sector is driving demand for electric linear cylinders in the region.
Key players operating in the Electric Linear Cylinders market are 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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
