Press Release

Linear Actuators Market Growing At a CAGR Of +5.6% and Expected to Reach USD 6056.1 Million by 2024 | Major Key Players – Parker, Emerson, LINAK, THK, ABB, Flowserve, SKF, IAI, Belimo

A linear actuator is an actuator that creates motion in a straight line, in contrast to the circular motion of a conventional electric motor. Linear actuators are used in machine tools and industrial machinery, in computer peripherals such as disk drives and printers, in valves and dampers, and in many other places where linear motion is required. Hydraulic or pneumatic cylinders inherently produce linear motion.
According to this study, over the next five years, the Linear Actuators market will register a 4.1% CAGR in terms of revenue, the global market size will reach US$ 8928.5 million by 2024, from US$ 7297 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in the Linear Actuators business.

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Linear Actuators manufacturers range from large multinational corporations to small privately owned companies in this industry. The leading players are Parker, Emerson, LINAK, THK, ABB, accounting for 20.09 per cent revenue market share in 2018.
the market segment by three types: Pneumatic Linear Actuators, Electric Linear Actuators and Hydraulic Linear Actuators. The applications of Linear Actuators are Oil & Gas, General Industries, Chemical, Power and Other industries. Oil & Gas and General Industries are the main application, which accounts for about 58.99% of total consumption in 2018.This report presents a comprehensive overview, market shares, and growth opportunities of Linear Actuators market by product type, application, key manufacturers and key regions and countries.

This study considers the Linear Actuators value and volume generated from the sales of the following segments:

Segmentation by product type: 

  • Pneumatic
  • Electric
  • Hydraulic
Segmentation by application: 
Oil & Gas
General Industries
Chemical
Power
Others
This report also splits the market by region: 
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC CountriesThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: 
Parker
Emerson
LINAK
THK
ABB
Flowserve
SKF
IAI
Belimo
Honeywell
Auma
Rotork
Tsubakimoto Chain
KollmorgenIn addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Linear Actuators consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Linear Actuators market by identifying its various sub-segments.
Focuses on the key global Linear Actuators manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in the next few years.
To analyze the Linear Actuators with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Linear Actuators submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.