DUBLIN–(BUSINESS WIRE)–The “Linear Actuators – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
Global Linear Actuators Market to Reach $46.8 Billion by 2030
The global market for Linear Actuators estimated at US$27.7 Billion in the year 2022, is projected to reach a revised size of US$46.8 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2022-2030.
Electrical, one of the segments analyzed in the report, is projected to record 7.6% CAGR and reach US$18.5 Billion by the end of the analysis period. Growth in the Hydraulic segment is estimated at 6.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 8.7% CAGR
The Linear Actuators market in the U.S. is estimated at US$3.7 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$14.4 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030.
Business Wire Global-Linear-Actuators Financial-Results Market Manufacturing
