Linear Actuator Market Size and Forecast 2024-2033|Parker Hannifin Corporation, Emerson Electric Co., Rockwell Automation Inc., Bosch Rexroth AG, SMC Corporation

The Linear Actuator Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Linear Actuator Market:

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

According to The Business Research Company’s Linear Actuator Global Market Report 2024, The linear actuator market size is expected to see strong growth in the next few years. It will grow to $55.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to brakes, EGR, and turbo applications in automotive industry, projected market growth, increasing demand for energy-efficient solutions, strong presence of existing vendors, growing demand for compact and lightweight actuators. Major trends in the forecast period include increased automation in manufacturing, advancements in robotics, miniaturization of devices, integration with the internet of things (IoT), rising demand for electric vehicles.

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.

Get A Free Sample Of The Report (Includes Graphs And Tables):

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

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

Major companies operating in the linear actuator market are developing innovative products, such as motus1 (m1) industrial positioning actuator, to better serve customers with advanced features. These actuators convert rotary motion into linear motion for precise positioning in various applications. For instance, in May 2023, Motion Plus LLC, a US-based automation company that manufactures linear actuators, launched the motus1 (m1) industrial positioning actuator. The motus1 is a belt- and screw-driven industrial linear positioner designed for a wide range of applications, including assembly lines, gantries, material handling, packaging, and palletizing. The m1 actuator is ingress protection (IP) 54-compliant owing to its stainless-steel strip sealing and optional seal kit. The m1 actuator provides dependable motion management for industrial applications with its sophisticated belt and screw drive technology ensures accurate and superior-quality alignment control.

The linear actuator market report table of contents includes:

1. Executive Summary

2. Linear Actuator Market Characteristics

3. Linear Actuator Market Trends And Strategies

4. Linear Actuator Market – Macro Economic Scenario

5. Global Linear Actuator Market Size and Growth

26. South America Linear Actuator Market

27. Brazil Linear Actuator Market

28. Middle East Linear Actuator Market

29. Africa Linear Actuator Market

30. Linear Actuator Market Competitive Landscape And Company Profiles

Top Major Players: