The Europe Linear Actuator Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030).
Linear actuators, indispensable motion control components, have evolved remarkably, transforming industries through their precision, adaptability, and diverse applications. These dynamic devices, driven by electric, hydraulic, pneumatic, or mechanical mechanisms, facilitate linear motion with unparalleled control. These are indispensable components in the automation of various industries, including manufacturing, healthcare, renewable energy, and consumer electronics.
Moreover, the adoption of linear actuators has witnessed a steady rise, propelled by the relentless pursuit of efficiency, precision, and automation across industries. The manufacturing landscape, in particular, has embraced linear actuators to enhance processes, automate tasks, and optimize overall operational performance. The robust demand from the manufacturing sector is driven by the quest for increased productivity, reduced manual labor, and the imperative of achieving high precision in production processes.
In addition, linear actuators have become integral components within the automotive industry, playing a crucial role in various applications prioritizing controlled and precise linear movement. From enhancing the comfort and convenience of vehicle occupants to contributing to the efficiency of automated manufacturing processes, linear actuators have found diverse applications within the automotive sector.
As per the data from the International Energy Agency, after the surge in 2020, electric vehicle sales in Europe increased by over 65 percent annually to 2.3 million in 2021. Norway (86 percent), Iceland (72 percent), Sweden (43%), and the Netherlands (30 percent) were expected to hold the largest market shares for new electric vehicle sales in Europe in 2021, followed by France (19 percent), Italy (9 percent), and Spain (8%). Thus, with Europe's rising automotive and healthcare sectors, there is a demand for linear actuators in the region.
The Germany market dominated the Europe Linear Actuator Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,655 Million by 2030. The UK market is experiencing a CAGR of 4.5% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 6.2% during (2023 - 2030).
Free Valuable Insights: The Global Linear Actuator Market will Hit USD 27 Billion by 2030, at a CAGR of 6.1%
Based on Operation Mechanism, the market is segmented into Electric, Pneumatic, Hydraulic, and Others. Based on End Use, the market is segmented into Automotive, Construction, Energy & Mining, Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Operation Mechanism
By End Use
By Country
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