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 AttributeDetails
No. of Pages739
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$29.5 Billion
Forecasted Market Value (USD) by 2030$46.8 Billion
Compound Annual Growth Rate6.8%
Regions CoveredGlobal


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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