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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