Linear Actuator Market Size, Opportunities And Scope By 2033

Overview and Scope

A linear actuator is a device that converts energy, such as electric, hydraulic, or pneumatic, into straight-line mechanical motion. It can be used to lift, lower, slide, or tilt machinery or materials. Linear actuators are commonly used in various applications, including manufacturing plants, robots, industrial machinery, and home automation systems.

Sizing and Forecast

The linear actuator market size has grown strongly in recent years. It will grow from $37.89 billion in 2023 to $41.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased automation in manufacturing, advancements in robotics, miniaturization of devices, integration with the internet of things (IoT), rising demand for electric vehicles.

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/linear-actuator-global-market-report

Segmentation & Regional Insights

The linear actuator market covered in this report is segmented –

1) By Material: Aluminum, Steel, Zinc

2) By Operation Mechanism: Mechanical, Hydraulic, Pneumatic, Electro-Mechanical Actuators

3) By End-User: Construction, Aerospace And Defense, Industrial, Automotive, Other End-Users

North America was the largest region in the linear actuator market in 2023. The regions covered in the linear actuator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=13871&type=smp

Major Driver Impacting Market Growth

The rising demand for electric vehicles is expected to propel the growth of the linear actuator market going forward. Electric vehicles (EVs) are vehicles that are powered, either partially or entirely, by electricity stored in rechargeable batteries. The younger generations are often more environmentally conscious and open to new technologies, driving EV adoption. Linear actuators are used in electric vehicles to provide precise control of operations such as backrest adjustments, window positions, and automatic door systems, hence improving passenger comfort and safety. For instance, in April 2023, according to the International Energy Agency, a France-based global research and statistics collection institution, approximately 10 million electric cars were sold globally in 2022, and the electric vehicle market share increased to 14% from 4% in 2020. Therefore, the rising demand for electric vehicles is driving the growth of the linear actuator market.

Key Industry Players

Major companies operating in the linear actuator market report are Parker Hannifin Corporation, Emerson Electric Co., Rockwell Automation Inc., Bosch Rexroth AG, SMC Corporation, IAI America Inc., Flowserve Corporation, Tsubakimoto Europe B.V., Kollmorgen Corporation, LINAK A/S, TiMOTION Technology Co. Ltd., ElectroCraft, Rollon Corp., Exlar Automation, Progressive Automations Inc., Lin Engineering Inc., Tolomatic Inc., Fabco-Air Inc., PBC Linear, DUFF NORTON AUSTRALIA, Bishop-Wisecarver Corporation, Helix Linear Technologies, REGNER, Venture Manufacturing Co., Actuonix Motion Devices, Burr Engineering & Development Company, Del-Tron Precision Inc, Moticont, Tusk Direct Inc., ISOTECH INC.

The linear actuator market report table of contents includes:

Executive Summary
Linear Actuator Market Characteristics
Linear Actuator Market Trends And Strategies
Linear Actuator Market – Macro Economic Scenario
Global Linear Actuator Market Size and Growth
Linear Actuator Market Segmentation
Linear Actuator Market Regional And Country Analysis

………….

Key Mergers And Acquisitions In The Linear Actuator Market
Linear Actuator Market Future Outlook and Potential Analysis
Appendix

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Linear Actuator Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Linear Actuator Market, Segmentation By Operation Mechanism, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Linear Actuator Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

…………..

Table 74: Parker Hannifin Corporation Financial Performance

Table 75: Emerson Electric Co. Financial Performance

Table 76: Rockwell Automation Inc. Financial Performance

Table 77: Bosch Rexroth AG Financial Performance

Table 78: SMC Corporation Financial Performance

Explore the trending research reports from TBRC:

https://goodprnews.com/process-control-automation-market-size/

https://topprnews.com/sales-force-automation-software-market-report/

Learn About Us:

The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/