Linear Actuators Market
Linear Actuators Market (Type - Pneumatic, Hydraulic, Mechanical, and Electric; End Use - Automotive, Medical/Healthcare, Furniture, Mining, Steel, Water and Wastewater Management, Construction, IT/Semiconductor, Military, Agriculture, Chemical, and Petrochemical) - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Press Release :
North America Linear Actuators Market: Snapshot
The North America market for linear actuators is chiefly driven by the rising adoption of automation across a number of industries, an increased focus on wastewater management, and the flourishing aerospace and defense industry. An exponential rise in shale gas exploration activities in the region is also expected to levy a significant positive impact on the market’s overall development in the next few years.
Transparency Market Research estimates that the market will exhibit a promising 6.9% CAGR over the period between 2016 and 2024. At this rate, the market, which valued at US$2,893.5 mn in 2015, will reach a valuation of US$5,236.6 mn by 2024.
Electric Actuators to Remain Most Promising Product Variety
Of the key varieties of linear actuators available in the North America market, the report examines hydraulic, pneumatic, electric, and mechanical linear actuators. Of these, the segment of electric linear actuators emerged as the most attractive segment, accounting for a 24% of the market in 2015. The rising adoption across industrial automation practices, better flexibility options, and the lower cost of ownership are some of the key factors that helped boost the consumption of electric linear actuators in the North America market. In the near future, the demand for actuators with high power efficiency and low weight will drive the demand for electric actuators.
The demand for electric actuators has also considerably increased in the region owing to the several limitations of mechanical actuators. The rate of replacement of mechanical actuators has considerably increased in the past few years, stimulating the uptake of electric actuators in the region. The segment is also expected to remain the most promising product variety in the North America market in the near future, exhibiting a 7.2% CAGR from 2016 through 2024. Electric actuators are expected to account for a nearly 25% of the overall market by 2024. The manual and hybrid varieties of linear actuators are also expected to witness promising growth over the said period.
Linear Actuators Market in Mexico to Exhibit Strong Growth
From a geographical perspective, the North America linear actuators market is examined for the U.S., Canada, and Mexico. Of these, the U.S. accounted for over two-thirds of the market’s overall revenue in 2015 and is expected to retain its top spot through 2024 as well. The high rate of adoption of industrial automation, the rising demand for wastewater management, and the boom in the shale gas and food and beverages industries have been boosting the application of linear actuators in the U.S. market. These factors will continue to drive the increased demand for linear actuators in the U.S., keeping the country at the top spot in the North America market.
However, the market in Mexico will exhibit the most promising growth over the forecast period, registering a more than 8% CAGR. The rapid growth across the construction and manufacturing sectors witnessed over the past few years is expected to remain one of the key factors responsible for the robust development of the linear actuators market in the country in the near future. Furthermore, rising government investment aimed at improving power supply infrastructure, airports, and pipelines is also expected to boost the demand for linear actuators in Mexico over the forecast period.
North America Linear Actuators Market: Competitive Dynamics
The competitive landscape of the North America linear actuators market is highly fragmented, with none of the top five players accounting for a share of over 5% in the overall market in 2015.
Some of the leading players in the market are Kollmorgen, Tsubakimoto Chain, Co., DESTACO, Enerpac, Duff-Norton, Joyce Dayton Corporation, MOOG, Inc., PHD, Inc., General Electric, Co., NOOK Industries, Inc., Altra Industrial Motion, Corporation, Parker Hannifin Corporation, Festo Group, Tolomatic, Inc., Rockwell Automation, IAI America, Inc., Fortive Corporation, RACO International, L.P., and Curtiss-Wright Corporation.
North America Linear Actuators Market: Market Overview
This report provides strategic analysis of the North America linear actuators market, and the growth forecast for the period 2016 to 2024. The scope of the report includes competitive analysis of various market segments based on type, end use, and in-depth cross-sectional scrutiny of the North America linear actuators market across countries. Linear actuators refer to actuators which creates linear motion of a machine part or the machine itself. Linear actuators have varied applications, such as in linearly actuated valves, pumps, industrial machinery, vehicular brakes and computer peripherals among others. They can have a very simple mechanism of action, or can be very complex.
Growth in industrial automation, across verticals such as automotive, food & beverage manufacturing, pharmaceutical manufacturing, healthcare and defense among others, has been the primary driver of the linear actuators market in North America. The increasing importance for water and wastewater management has also been boosting the growth of linear actuators market. Increasing population in North America has led to increasing demand for efficient water and wastewater management. With stringent environmental regulations and depleting water resources, the government of North American countries has been stressing on improving water and wastewater management systems.
Growing demand for various types of linearly actuated valves, for increasing energy efficiency, monitoring of quality of wastewater treatment, and also to meet the changing environmental regulations have been further promoting growth of linear actuator valves in North America. Considering the positive impacts of the factors mentioned above, the linear actuators market in North America can be anticipated to grow at a good pace during the forecast period.
North America Linear Actuators Market: Segmentation
On the basis of type, the North America linear actuators market has been segmented into pneumatic, hydraulic, mechanical electric and others. Electric linear actuators have been further divided into ball screw, linear guide, linear table, rod less linear actuator, rod style linear actuator and others. The rod style linear actuator sub-segment has again been divided into helical belt, worm, DC motor and servo motor. The market revenue for linear actuators has been provided in terms of USD million, along with the CAGR for the forecast period from 2016 to 2024.
End use industries covered under this report includes automotive, medical/healthcare, furniture, mining, steel, water & wastewater management, construction, it/semiconductor, military, agriculture, chemical, petrochemical among others. Each of these segments provide market size and forecast for the period 2016 - 2024, highlighting the key trends influencing and challenging factors for each segment. The country wise market analysis gives in-depth analysis of the current trends in different countries including the U.S., Canada and Mexico.
North America Linear Actuators Market: Competitive Dynamics
To aid in strategic decision-making, the report also includes competitive profiling of leading players in the industry, their market share, various business strategies adopted by them, and recent developments. The key trends analysis and market opportunity map provided in the report discusses the various upcoming trends and current end use industries, with a focus on the future penetration of these products. The market opportunity map and market attractiveness analysis included in the report provide insight into market dynamics, industry competition, and the most profitable segments in the North America linear actuators market. Additionally, the Porter’s five forces analysis aids in better understanding of the level of competition present in the market. Top players of the North America linear actuators market has also being profiled and included in the report.
The report also provides breakdown and assessment of various factors impacting the market growth, which are suitably described as market drivers, restraints, and opportunities. These factors determine various existing trends and their impact on market growth. Overall, taking into consideration the various factors affecting the linear actuators market, the report includes a holistic analysis of the North America linear actuators market, and provides an estimate of growth for the forecast period 2016 to 2024.
Some of the leading players in the market are Kollmorgen (U.S.), Tsubakimoto Chain, Co. (Japan), DESTACO (U.S.), Enerpac (U.S.), Duff-Norton (U.S.), Joyce Dayton Corporation (U.S.), MOOG, Inc. (U.S.), PHD, Inc. (U.S.), General Electric, Co. (U.S.),NOOK Industries, Inc. (U.S.),Altra Industrial Motion, Corporation (U.S.), Parker Hannifin Corporation (U.S.), Festo Group (U.S.), Tolomatic, Inc. (U.S.),Rockwell Automation (U.S.), IAI America, Inc. (Japan) Fortive Corporation (U.S.), RACO International, L.P. (U.S.) and Curtiss Wright Corporation (U.S.) among others.
The market has been segmented as follows:
North America Linear Actuators Market – By Type:
- Ball screw
- Linear guide
- Linear table
- Rod less linear actuator
- Rod style linear actuator
- Helical belt
- DC Motor
- Servo Motor
North America Linear Actuators Market - By End Use:
- Medical/ Healthcare
- Water & wastewater management
- IT / Semiconductor
North America Linear Actuators Market - By Country: