Global Electric Linear Actuator Market
Electric Linear Actuator Market Size And Forecast
According to Verified Market Research, the Global Electric Linear Actuator Market was valued at USD 16.13 Billion in 2018 and is expected to witness a growth of 6.41% from 2019-2026 and reach USD 26.26 Billion by 2026.
Electric Linear Actuator Market Outlook
As the global automotive industry continues to grow, the demand for automated production is also expanding to control quality and production costs. As a result of this increased automation, many automotive manufacturers employ electric linear actuators in different automotive manufacturing processes. These actuators are used in various vehicle assembly processes including pressing, elevation, conveying cutting, bending, stamping, and lifting. Apart from this, other application includes opening and closing of vehicle doors, robotic spot welding, assembly pressing, robotic dispensing, and clamping and fixtures in the automotive industry. These actuators provide high accuracy, high speed, and high reliability. This is potentially driving the market growth rate for the electric linear actuators in the global market.
Global Electric Linear Actuator Market Segmentation
The Global Electric Linear Actuator Market is segmented on the basis of The Global Electric Linear Actuators Market is segmented on the basis of Type, Application, and Geography.
Electric Linear Actuator Market Competitive Landscape
The “Electric Linear Actuator Market” study report offers a valuable insight with an emphasis on global market including some of the major players such as Parker Hannifin, LINAK, SKF, TiMOTION, DewertOkin, etc.
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