Linear Actuator Market is segmented By Type (Electric Actuators, Mechanical Actuators, Pneumatic Actuators, Hydraulic Actuators), By End-use Industry ....
Market Size in USD Bn
CAGR7.77%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 7.77% |
Market Concentration | Medium |
Major Players | Bosch Rexroth AG, Emerson Electric Co., HepcoMotion Ltd., Kollmorgen Corporation, LINAK A/S and Among Others |
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.