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The linear actuators market size is forecast to increase by USD 14.75 billion at a CAGR of 6.78% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for electric linear actuators in various industries, particularly in the automotive sector. This trend is driven by the need for automation and electrification in modern vehicles. Another trend is the rising preference for smart actuators, which offer advanced features such as improved precision and energy efficiency. However, the high initial cost of implementing linear actuators remains a challenge for some investors and funders. From an environmental perspective, the shift towards electric linear actuators also addresses concerns over fire hazards associated with traditional rotary actuators, motors, and output shaft mechanisms.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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