Global Linear Actuators Market 2021-2025
Technavio has been monitoring the linear actuators market and it is poised to grow by $ 9.66 bn during 2021-2025 progressing at a CAGR of 6% during the forecast period. Our report on linear actuators market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increased demand for electric linear actuators from automotive industry, advent of high speed linear actuators and low manufacture and procurement costs. In addition, increased demand for electric linear actuators from automotive industry is anticipated to boost the growth of the market as well.
The linear actuators market analysis includes product segment and geographical landscapes.
Technavio's linear actuators market is segmented as below:
- By Product
- Electric linear actuators
- Hydraulic linear actuators
- Pneumatic linear actuators
- By Geography
- North America
- South America
This study identifies the increasing demand for smart actuators as one of the prime reasons driving the linear actuators market growth during the next few years. Also, growing popularity of integrated linear actuators and increased applications in renewable energy management will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on linear actuators market covers the following areas:
- Linear actuators market sizing
- Linear actuators market forecast
- Linear actuators market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading linear actuators market vendors that include Curtiss-Wright Corp., Emerson Electric Co., Festo SE & Co. KG, Flowserve Corp., Kollmorgen Corp., LINAK AS, Moog Inc., Parker Hannifin Corp., Siemens AG, and SMC Corp.. Also, the linear actuators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.