Linear Actuators Global Strategic Industry Report 2024: Market to Reach $46.8 Billion by 2030 - Enabling Industrial Automation Functions Across Multiple Verticals

Dublin, April 18, 2024 (GLOBE NEWSWIRE) -- The "Linear Actuators - Global Strategic Business Report" report has been added to * ResearchAndMarkets.com's* offering.

*Global Linear Actuators Market to Reach $46.8 Billion by 2030*

The global market for Linear Actuators estimated at US$29.5 Billion in the year 2023, is projected to reach a revised size of US$46.8 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2023-2030.

Electrical Linear Actuators, one of the segments analyzed in the report, is projected to record 6.7% CAGR and reach US$18.5 Billion by the end of the analysis period. Growth in the Hydraulic Linear Actuators segment is estimated at 5.6% CAGR for the next 8-year period.

*The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 7.6% CAGR*

The Linear Actuators market in the U.S. is estimated at US$3.9 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$14.4 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

*Key Attributes:*

*Report Attribute* *Details*
No. of Pages 739
Forecast Period 2023 - 2030
Estimated Market Value (USD) in 2023 $29.5 Billion
Forecasted Market Value (USD) by 2030 $46.8 Billion
Compound Annual Growth Rate 6.8%
Regions Covered Global*MARKET OVERVIEW*

· Linear Actuators, a Cutting Edge Technology Enabling Industrial Automation Functions
· Global Economic Update
· Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
· Global Inflation Rates (In %) for the Years 2019 through 2024
· World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
· Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
· Competition
· Linear Actuators - Global Key Competitors Percentage Market Share in 2023 (E)
· Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
· Linear Actuators: Overview, Types and Applications
· Recent Market Activity
· Innovations

*MARKET TRENDS & DRIVERS*

· Innovations in Rails, Tracks & Ball Bearings Help Improve Performance of Linear Actuators. Here's How
· Encouraging Outlook for Automobile Production Despite Disruptions, Bodes Well for the Growth of Linear Actuators
· Encouraging Recovery in Automobile Production, Notwithstanding the Many Challenges, Offers Hope for Players in the Value Chain Including Manufacturers of Linear Actuators: Global Light Vehicle Production (In Million Units) for Years 2019 through 2025
· Growing Investments in Plant Automation in the Manufacturing Industry to Drive Demand for Linear Actuators
· Rising CAPEX Spending on Plant Automation to Benefit Demand for Linear Actuators, Which Are the Backbone of Automation: Global Market for Factory Automation (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
· Recovery of the Mining and Oil & Gas Industry to Open New Growth Opportunities for Linear Actuators
· Cautious Optimism & Attempts to Balance Risks & Opportunities Leads Mining Companies to Pursue Development of More Growth Options Through Mine Expansions: Global Mining Project Development Spending (In US$ Billion) as of the Year 2023
· Rising Energy Demand to Benefit Oil & Gas Operations & Open a Parallel Avenue of Opportunity for Linear Actuators: Global Energy Consumption (In Exajoule) for Years 2025, 2030, 2035, 2040, 2045 and 2050
· Optimistic Outlook for the Construction to Sustain Demand for Electric Linear Actuators in Construction Machinery
· Global Construction Spending (in US$ Trillion) for the Years 2020-2028
· Strong Outlook for Construction Machinery Means Increased Demand Scope for Linear Actuators: Global Market for Construction Machinery (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
· Smart Homes to Provide Robust Opportunities for Linear Actuators in Home Automation Systems
· Growing Number of Smart Homes Catalyzes Opportunities for Linear Actuators in Enabling Simplified & Affordable Home Comfort Automation: Global Number of Smart Home Households (Million) for the Years 2020, 2022, 2024, 2026 and 2028
· Mechanization of Agriculture: A Big Opportunity for Linear Actuators
· Focus on Crop Productivity, Increased Reliance on Automated Machines to Drive Opportunities for Linear Actuators in Agricultural Machines: Required & Current Rate of Total Factor Productivity (TFP) Growth (In %)
· Growing Investments in Autonomous Farm Equipment Bodes Well for All in the Component Value Chain Including Manufacturers of Linear Actuators (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
· Growing Concept of Smart Hospital & Strong Focus on Innovative Medical Devices Drive Up the Business Opportunity for Linear Actuators
· Robust Military Budgets & Spending to Spur Opportunities for Linear Actuators in Military Equipment & Devices
· Military Spending (In US$ Billion) & % Share of GDP by Country for the Year 2023
· Smart Linear Actuators Rise in Popularity. Here's Why
· Electric Linear Actuators Becomes the Actuator Technology of Choice
· Pneumatic Linear Actuators Grow in Popularity. Here's Why
· New Innovations Remain Crucial for Market Growth

*FOCUS ON SELECT PLAYERS**(Total 234 Featured) *

· Actuonix Motion Devices Inc
· Bishop-Wisecarver Corporation
· Burr Engineering & Development Company
· Del-Tron Precision, Inc
· DUFF NORTON AUSTRALIA
· Emerson Electric, Co
· Exlar Automation
· Flowserve Corporation
· Helix Linear Technologies
· Kollmorgen Corporation
· Lin Engineering, Inc.
· LINAK A/S
· Moticont, a motion company
· Parker Hannifin Corporation
· PBC Linear
· Progressive Automation Inc.
· REGNER
· Rockwell Automation, Inc.
· Rollon Corp.
· SMC Corporation of America
· TiMOTION Technology Co. Ltd.
· Tolomatic, Inc.
· Tsubakimoto Europe B.V.
· Tusk Direct, Inc.
· Venture Manufacturing Co.

For more information about this report visit https://www.researchandmarkets.com/r/o44ub7

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*Attachment*

· Linear Actuators Market

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