Global electric linear cylinders market was valued at US$ 595.7 Mn in 2018, and is expected to exhibit a CAGR of 5.5% over the forecast period to reach US$ 962.5 Mn in 2027, according to Global Electric Linear Cylinders Market Report, by Linear Speed (0.1 m/s, 0.1 m/s – 0.5m/s, and above 0.5 m/s), by Vertical (Food and Beverages, Automotive, Healthcare and Pharmaceuticals, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa) published by . North America accounted for more than 28.6% of the global electric linear cylinders market revenue in 2018. Increasing adoption of electric linear cylinders in industries such as food & beverage, and automotive is expected to fuel growth of the electric linear cylinders market in the region. Moreover, shift in demand for electric linear cylinders from pneumatic and hydraulic cylinders is expected to boost growth of the electric linear cylinders market globally. SKF, Bosch Rexroth AG, Parker-Hannifin Corporation, and Tsubakimoto Europe B.V. are some of the key players operating in the electric linear cylinders market. To know the latest trends and insights prevalent in this market, : https://www.coherentmarketinsights.com/market-insight/electric-linear-cylinders-market-3031 Browse 80 market data tables* and 50 figures* on "Electric Linear Cylinders Market” - Global forecast to 2027. Key Takeaways of the Market:
- Asia Pacific is expected to be the fastest growing market with China and India poised to be growth engines of the market. Countries such as China, India, and Japan are leading markets in Asia Pacific, and collectively contributed over 63.5% of the total market share in terms of revenue in 2018. The Asia Pacific Electric Linear Cylinders market is projected to witness the highest growth rate of 5.9% over the forecast period. Factors such as growing urbanization and industrialization, along with increasing disposable income are expected to positively impact growth of the Asia Pacific market. Moreover, the growing automotive industry, increasing investments in process automation across different industry verticals, and technological advancements are also expected to contribute to growth of the electric linear cylinders market in Asia Pacific. Rapidly growing economies has resulted in several market players to expand their presence in the region. For instance, in March 2019, Bosch Rexroth invested US$ 67.87 million in smart factories in China in order to expand its presence in the country. Bosch Rexroth also plans to manufacture connected solutions for the Asia Pacific factory automation market which, in turn, will drive demand for electric linear cylinders that are used in automation process.
- The China electric linear cylinders market is expected to witness the highest growth rate of 6.7% during the forecast period (2019-2027) owing to high demand for industrial automation, and presence of a large number of manufacturing industries in the country. As per the International Organization of Motor Vehicle Manufacturers (OICA), China is the world’s largest producer of automobiles with an annual production of nearly 27.8 million units in 2018. Moreover, the increasing number of production facilities in industrial sectors as well as growing adoption of industry 4.0, which will be used majorly in smart factories, is expected to generate high demand for electric linear cylinders.
- Among verticals, the others segment accounted for a significant market share in the global electric linear cylinders market in 2017. Electric linear actuators are the most widely used linear actuators as they offer high precision control positioning. These electric linear actuators provide industrial automation in several industries. Apart from industries such as food & beverages, automotive, and healthcare, electric linear actuators have application in the electronics industry, aerospace & defense, agriculture, oil & gas, manufacturing, and the chemical industry among others. In mining and oil & gas industry, electric linear actuators are used for valve automation process for any valve type having linear movement. Moreover, manufacturers are offering a wide variety of electric linear actuators that are used in mining and oil & gas industries.
- Major players operating in the global electric linear cylinders market include 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.