Global Linear Actuators market will reach 9.79 billion US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/10/15

The global market scale of Linear Actuators was 7.46 billion dollars in 2018. It is expected to reach 7.75 billion dollars by 2019 and 9.79 billion dollars by 2025, with the CAGR of 3.97%.  In 2018, the production volume of Linear Actuators is 59.9 million Units.

The Major production regions of Linear Actuators are North America, Europe, China which accounted for about 65.67% of production market share in 2018. China is the largest consumption region with a market share of 27.01% in 2018.

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 percent 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.

The market scale will keeps increasing in the next few years. Although sales of Linear Actuators brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Linear Actuators field.

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