Global Linear Actuator Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global linear actuator market in its upcoming report titled, “Global Linear Actuator Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global linear actuator market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global linear actuator market report has been segmented on the basis of type, application, and region.

Request Covid - 19 Impact

A linear actuator creates motion in a straight line, in contrast with circular motion of a conventional electric motor. Linear actuator is used in machine tools and industrial machinery, in computer peripherals such as disk drives and printers, in valves and dampers, and others. Linear actuators have various benefits such as simple design with minimal moving parts, is self-contained and can achieve high speeds. Actuators may be powered by electric current, hydraulic fluid or pneumatic pressure.

Technological advancements in actuator and increasing automation in manufacturing industry are major factors driving growth of the global linear actuator market. In addition, actuator finding wide application in various sectors such as construction, military, etc. is another factor expected to support growth of the global actuator market. Moreover, linear actuators have various advantages as compared to other actuator substitutes such as safer use, less expensive, easy to install, and silent working of actuator which is another factor expected to support growth of the global linear actuator market.

However, early wear and tear of linear actuator is expected to challenge growth of the global linear actuator market for a certain extent. Technological advancements such as development of actuator having high accuracy and long life of product are expected to create new opportunities for major players operating in the market over the forecast period.

North America market is expected to dominate in the global linear actuator market with higher revenue share as compared to other regional markets, owing to increasing demand from various sectors such as automotive, food processing, etc. and presence of several prominent players operating in this region. Europe market accounts for second-largest revenue share in the global linear actuator market, owing to increasing demand from energy and defense sector. Markets in Middle East & Africa is expected to witness moderate growth in global linear actuator market, owing to well established oil and gas industry. The market in Asia Pacific is projected to witness fastest growth in terms of revenue. This can be attributed to rapid industrialization, increasing manufacturing base due to lower production cost and raw material cost, and presence of major automotive players in emerging economies in this region.

Global Linear Actuator Market Segmentation:

By Type:

• Mechanical
• Hydraulic
• Pneumatic
• Piezoelectric
• Electro-mechanical actuators

By Application:

• Automotive
• Medical/Healthcare
• Energy and Mining
• Steel
• Construction
• Military
• Chemical

By Region:

• North America
• Europe
• Asia Pacific
• Latin America