Linear Actuators Market Size to Grow by $ 9.66 bn through 2021-2025
Technavio research projects the linear actuators market to grow by $ 9.66 bn, accelerating at a CAGR of over 6% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Linear Actuators Market: Key Market Driver
One of the primary factors that will trigger the growth of the linear actuators market size is increased demand for electric linear actuators from automotive industry. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Linear Actuators Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
Technavio has been monitoring the Global Linear Actuators Market and it is expected to grow by USD 9.66 billion, progressing at a CAGR of over 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Linear Actuators Market: Demand from automotive industry to drive market growth
APAC will offer several growth opportunities to market vendors during the forecast period. The increasing demand for smart actuators will significantly influence linear actuators market's growth in this region. 45% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for linear actuators in APAC. Factors such as increased demand for electric linear actuators from the automotive industry will offer immense growth opportunities. This report provides an accurate prediction of the contribution of all segments to the growth of the linear actuators market size.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
Linear Actuators Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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.are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
Linear Actuators Market: Key Highlights of the Report for 2021-2025
