Our latest research report entitled Linear Actuators Market (by type (pneumatic, hydraulic, electric), end-use industry (automotive, steel, construction, medical/healthcare, IT/semiconductor, agriculture, chemical)) provides complete and deep insights into the market dynamics and growth of Linear Actuators.
The latest information on market risks, industry chain structure Linear Actuators cost structure, and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential Linear Actuators’ growth factors.
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Increasing Adoption of Electrical Linear Actuators in the Automotive Industry Augments Market Growth
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 that 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.
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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 the end-use industry, the sub-markets include automotive, steel, construction, medical/healthcare, IT/semiconductor, agriculture, chemical, and other end-use industries.
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.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/industry-automation/global-linear-actuators-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Linear Actuators.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2026.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand, and/or diversify.