The Global Linear Actuators Market was valued at US$ 21.5 billion in 2019. Linear actuators are transmission elements used to create linear motion and convert the circular or rotary motion into linear motions. Increased adoption of industrial robotics and industrial automation across multiple end use industries has fuelled the demand for linear actuator to accomplish repetitive mechanical operations with high accuracy, precision, and repeatability.
Advancements in agriculture machinery have fuelled the adoption of electric linear actuator for improving the efficiency of mechanical systems used in agricultural equipments. The demand for green energy solutions has fuelled the growth of solar panels and associated systems. The solar power plant operators are focusing on improving the efficiency of solar power harnessing through adoption of solar tracking devices. Linear actuators optimize the performance of solar tracking systems through efficient operation and thus are gaining increased adoption worldwide.
The global linear actuator market is anticipated to grow steadily during the forecast period. North America contributed a dominating share to the global linear actuators market in 2019 owing to increased demand from aerospace & defense and semiconductor & electronic manufacturing industry and is anticipated to grow significantly during the forecast period.
Asia Pacific contributed a prominent share to the global linear actuator market in 2019 and is anticipated to be the fastest growing segment during the forecast period. Expansion of manufacturing industry and adoption of industrial robotics are anticipated to bolster the growth of the Asia Pacific linear actuator market during the forecast period.
Linear Actuators Market Share Analysis, by Geography (2022)
The report titled “Linear Actuators Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global linear actuators market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global linear actuators market is segmented on the basis of type, applications, end use industry, and geography. Based on type, the global linear actuators market is segmented into electrical actuators, pneumatic actuators, hydraulic actuators, and others. Based on applications, the global linear actuators market is segmented into robotics, industrial automation, equipment, and others. Based on end use industry, the global linear actuators market is segmented into automotive, aerospace & defense, oil & gas, chemical & pharmaceuticals, healthcare, energy & utility, food & beverages, metal & mining, paper & pulp, semiconductor & electronics, consumer electronics, and others. Based on geography, the global linear actuators market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on linear actuators. Further, market share of prominent companies in the global linear actuators market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the linear actuators companies.
The global linear actuators market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the linear actuators business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global linear actuators market.
Major players active in the global linear actuators market include Altra Industrial Motion Corporation, Curtiss-Wright Corporation, DESTACO, Duff-Norton, Enerpac, Festo Group, Fortive Corporation, General Electric, Co., IAI America, Inc., Joyce Dayton Corporation, Kollmorgen, MOOG, Inc., NOOK Industries, Inc., Parker Hannifin Corporation, PHD, Inc., RACO International, L.P., Rockwell Automation, Tolomatic, Inc., and Tsubakimoto Chain, Co.
Market Segmentation:
By Type
By Applications
By End use industry
By Geography
Advancements in agriculture machinery have fuelled the adoption of electric linear actuator for improving the efficiency of mechanical systems used in agricultural equipments. The demand for green energy solutions has fuelled the growth of solar panels and associated systems. The global linear actuator market is anticipated to grow steadily during the forecast period.
The global linear actuators market was valued at US$ 21.5 billion in 2019.
Asia Pacific contributed a prominent share to the global linear actuator market. Expansion of manufacturing industry and adoption of industrial robotics are anticipated to bolster the growth of the Asia Pacific linear actuator market during the forecast period.
Linear actuators are largely used in the robotics, industrial automation, equipment, and others.
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