Linear Actuators Market (Type - Pneumatic, Hydraulic, Electric, and Other Types; End-use Industry - Automotive, Steel, Construction, Medical/Healthcare, IT/Semiconductor, Agriculture, Chemical, and Other End-use Industries): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

A recent report published by Infinium Global Research on the linear actuators market provides an in-depth analysis of segments and sub-segments in the global as well as regional linear actuators market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional linear actuators market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global linear actuators market. According to the report, the global linear actuators market is projected to grow at a CAGR of 6.2% over the forecast period of 2020-2026.

Market Insight

Linear actuators are electric devices designed to convert rotational motion in low voltage DC motors into linear push/pull movement. Three are different types of the Linear actuator are available in the market which includes mechanical actuators, piezoelectric actuators, hydraulic actuators, and electrical actuators. An electric linear actuator is one of the widely used actuators in the automotive industry. Electric linear actuators having several benefits include high durability, less maintenance cost, increased efficiency, and ensure consistency of performance.

The increasing adoption of electrical linear actuators in the automotive industry augments market growth over the forecast period. Besides this linear actuator is used in several end-use industries such as water and wastewater management, healthcare, furniture, Construction, IT/Semiconductor, military, agriculture, chemical, and many other end-use industries. Going further, the increasing inclination towards industrial automation across manufacturing industries and integrating the Industrial Internet of Things are some of the major factors enhancing market growth. Industrial automation is supported by several types of linear actuators.

Furthermore, the outbreak of Coronavirus has a negative impact on the manufacturing sector. The manufacturing industry is the key sector for the linear actuator. The slowdown in the manufacturing industry is expected to be the major restraints for the linear actuators market. However, growing awareness regarding 3D printing is expected to restraints the growth of the linear actuators market as the usages of machines will be decline. Going further, technological advancement in terms of increasing the life and accuracy provides growth opportunities to market players operating in this market in the coming years. 

North America is expected to show a significant share in the linear actuators market over the forecast period owing to the growing demand from different sectors such as automotive, water and wastewater management, and many others. Additionally, the presence of several players in this region is also a major factor drives the market growth in this region. The U.S. holds maximum market’ share and is expected to retain dominance over the forecast period. Europe region is accounted to hold the second position in the global linear actuators market over the forecast period due to the growing demand from several end-use industries.

Further, Asia Pacific is expected to be the fastest-growing region in the linear actuators due to the presence of a large manufacturing base in China. Additionally, the presence of a large base of automotive players in this region, rapid industrialization, is increasing the manufacturing base due to lower production costs. The increasing inclination towards industrialization and the high emergence of automation in their industries drives the growth if the linear actuators market in the Middle East and Africa region.

Segment Covered

The report on the global linear actuators market covers segments such as type, and end-use industry. On the basis of type, the sub-markets include pneumatic, hydraulic, electric, and other types. On the basis of end-use industry, the sub-markets include automotive, steel, construction, medical/healthcare, IT/semiconductor, agriculture, chemical, and other end-use industries.

Companies Profiled:

The report provides profiles of the companies in the market such as Rockwell Automation, Inc., Parker-Hannifin Corporation, General Electric Company, PHD, Inc, Moog Inc., Joyce/Dayton Corp., Duff-Norton, Enerpac, and DESTACO.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the linear actuators market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.