Linear Actuator Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Linear Actuator Market is segmented By Type (Electric Actuators, Mechanical Actuators, Pneumatic Actuators, Hydraulic Actuators), By End-use Industry ....

Linear Actuator Market Size

Market Size in USD Bn

CAGR7.77%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR7.77%
Market ConcentrationMedium
Major PlayersBosch Rexroth AG, Emerson Electric Co., HepcoMotion Ltd., Kollmorgen Corporation, LINAK A/S and Among Others
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Linear Actuator Market Analysis

The linear actuator market is estimated to be valued at USD 57.55 Bn in 2024 and is expected to reach USD 97.14 Bn by 2031. It is estimated to grow at a compound annual growth rate (CAGR) of 7.77% from 2024 to 2031. Growth of the linear actuator market is driven by increasing adoption of linear motion technologies across industries such as automotive, medical, aviation, and more.