The Linear Actuator Market is Predict to reach USD 27 Billion by 2030, at a CAGR of 6.1%

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Linear Actuator Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Linear Actuator Market size is expected to reach $27 billion by 2030, rising at a market growth of 6.1% CAGR during the forecast period.

The Electric segment is leading the Global Linear Actuator Market, by Operation Mechanism in 2022; thereby, achieving a market value of $10.3 billion by 2030. Electric linear actuators are often favored for their energy efficiency. In the context of a growing emphasis on sustainable and energy-efficient solutions, industries found electric actuators to align with their goals of reducing energy consumption and operating costs. Hence, these factors will pose lucrative growth prospects for the segment.

The Automotive segment is experiencing a CAGR of 5.4% during (2023 - 2030). The automotive industry witnessed a significant push towards automation and the integration of ADAS. Linear actuators were essential in developing advanced seating systems, adaptive headlights, and other automated features enhancing vehicle safety and comfort. Thus, these factors will help expand the segment.

Full Report: https://www.kbvresearch.com/linear-actuator-market/

The Asia Pacific region dominated the Global Linear Actuator Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10.2 billion by 2030. The Europe region is anticipating a CAGR of 5.4% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 5.6% during (2023 - 2030).

List of Key Companies Profiled

Linear Actuator Market Report Segmentation

By Operation Mechanism

Electric
Pneumatic
Hydraulic
Others

By End Use

Automotive
Construction
Energy & Mining
Healthcare
Others

By Geography

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA