Linear Actuators Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Linear Actuators Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : February, 2021 | Industrial

Report Digest


Global Linear Actuators Market: Overview

Linear actuators help in the process of conversion of energy into motions of straight line, usually in positioning applications. Most of these actuators are either electro-mechanical or its mechanical devices providing accurate positioning and controlled movement. These actuators are mainly utilized in valves, computer peripherals, industrial machinery, and other areas where there is a need for linear motion. Rising demand from end users are likely to work in favour of the global linear actuators market over the timeframe of analysis, from 2020 to 2030. Linear actuators usually generate push and pull action, which is why it is gaining traction with the increasing automation in various industries.

There has been an increased demand for electric linear actuators from the automotive sector, which is estimated to play an important role in the rapid growth of the global linear actuators market in the near future. Utilized in various applications, such as robotic dispensing, assembly pressing, clamping and fixtures, and robotic spot welding, these actuators find increasing use in the automotive industry. Electric linear actuators are free from chronic leaks and are quite low-priced, which is why automotive manufacturers are adopting them. In addition, these actuators facilitate hassle-free integration with various components and are capable of high load capacity. These benefits are estimated to trigger expansion of the global linear actuators market over the timeframe of analysis, from 2020 to 2030.

Type, end use, and region are the three vital parameters that have been considered for the segmentation of the global linear actuators market.

Global Linear Actuators Market: Notable Developments

One pertinent development of this market is mentioned below and it has left a positive impact on the said market:

  • In October 2018, US-based manufacturer of products of mechanical power transmission, Altra Industrial Motion Corportaion, made acquisition of four operating companies from Fortive, American industrial technology conglomerate. Automotive and Specialty platform of Fortive, comprising Portescap and Jacobs Vehicle Systems, Thomson, and Kollmorgen were combined with Altra Industrial Motion Corporation.

Some of the well-known players in the global linear actuators market are listed below:  

  • Burr Engineering & Development Company
  • Helix Linear Technologies, Inc
  • Bishop-Wisecarver Corporation
  • BEI Kimco Magnetics
  • Rollon India Pvt. Ltd.
  • Tusk Direct, Inc.

Global Linear Actuators Market: Key Trends

The below-mentioned factors are projected to give a glimpse into the nature of the business pertaining to the global linear actuators market over the assessment period, from 2020 to 2030.

Rapid Industrialization and Factory Automation to Facilitate Rapid Growth of the Market

Growing automation in manufacturing industry is anticipated to trigger growth of the global linear actuators market over the forecast timeline, from 2020 to 2030. Integration of industrial internet of things (IIoT) and complete automation of factories constitute industrial objectives. Growing industrialization across the globe, especially in the developing countries is likely to open up new growth avenues for the global linear actuators market over the assessment timeframe. In an attempt to achieve increased efficiency, many companies are replacing already existing actuators with the newer versions, which is likely to drive the demand for linear actuators in the near future.

Global Linear Actuators Market: Geographical Analysis

North America is estimated to come up as one of the leading regions in the global linear actuators market and is estimated to remain so over the assessment timeframe, from 2020 to 2030. In addition to that, manufacturing of linear actuators from Asia Pacific countries to North America is likely to work in favor of the regional market. Asia Pacific is estimated to be another promising region in the market due to rapid industrialization across the globe.

The global linear actuators market is segmented as:

Type

  • Pneumatic
  • Hydraulic
  • Mechanical
  • Electric

End Use

  • Automotive
  • Medical/Healthcare
  • Furniture
  • Mining
  • Steel
  • Water and Wastewater Management
  • Construction
  • IT/Semiconductor
  • Military
  • Agriculture
  • Chemical
  • Petrochemical

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?