Electric Linear Cylinders are Estimated to Witness High Growth Owing to Wide Adoption in Automation Industry.

 Electric linear cylinders, also known as linear actuators, are electromechanical devices that produce controlled linear motion. They find application in various industrial equipment and machinery where linear motion is required such as assembly lines, robotic systems, positioning equipment, and material handling systems. Electric linear cylinders offer significant advantages over conventional pneumatic and hydraulic cylinders including precise controllability, low maintenance, noiseless operation, simple design, and energy efficiency. With the rapid rise in automation across all major industries, the demand for automated equipment and industrial robots has increased tremendously which present a huge opportunity for growth of electric linear cylinder market.

The global Electric Linear Cylinders Market is estimated to be valued at US$ 799.18 Mn in 2023 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 Opportunity:
Wide adoption of industrial automation offers significant growth opportunity for electric linear cylinders market. With growing labor costs and need for precise operation, industrial automation is gaining high traction globally. Major industries such as automotive, electronics, food & beverages, packaging, and pharmaceuticals are increasingly automating their manufacturing processes which requires a range of actuators including electric linear cylinders. Robots perform complex tasks with high precision and improve production capacity which is driving their adoption. As electric linear cylinders are integral components of automated machinery, their demand is expected to rise substantially owing to growing automation across all industries. This presents a major market opportunity for players in the electric linear cylinder market.”

Porter’s Analysis:

Threat of new entrants: The threat of new entrants is moderate as setting up a new manufacturing facility requires high initial investment and the market is dominated by major established players. However, there is opportunity for new entrants to provide customized solutions.

Bargaining power of buyers: The bargaining power of buyers is high as the market has several product options from key players. Buyers can negotiate on price and demand additional services and customized solutions.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are several component manufacturers. However, suppliers have less influence given the brand name of major players.

Threat of new substitutes: The threat of substitutes is low as electric linear cylinders have advantages over manual operating systems and other automated methods.

Competitive rivalry: The competitive rivalry is high among key players like Bosch Rexroth AG, Tsubakimoto Europe B.V., etc. to gain higher market share through product innovation and differentiated offerings.

SWOT Analysis:

Strengths: Electric linear cylinders offer precision, speed and programmability. Major players have strong distribution network and brand reputation.

Weaknesses: Initial investment is high for customization. SMEs have limited bargaining power.

Opportunities: Growing automation in manufacturing and logistics sector boosts demand. Increase in IIoT applications presents opportunities.

Threats: Trade barriers and regional regulations can impact global sourcing. Economic slowdown affects capital investments.

Key Takeaways:

The global electric linear cylinders market is expected to witness high growth over the forecast period of 2023 to 2030. The global Electric Linear Cylinders Market is estimated to be valued at US$ 799.18 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030.

The need for precision and automation in manufacturing and logistics industries drives the market. The region of Asia Pacific dominates the market currently due to presence of manufacturing hub countries like China and industrialization across Southeast Asian nations. Europe and North America also hold significant market shares. Growing industrialization in ASEAN countries and modernization of manufacturing infrastructure presents growth opportunities in Asia Pacific region over the forecast period.

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. The major players focus on product innovation and providing system level customized solutions to clients.

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