In 2022, the global sales market for electric linear actuators was valued at $20.5 billion. Over the next ten years (2022-2032), the global electric linear actuator market will grow at a 5.3% CAGR. The global market size is expected to be over $34.3 billion. DC electric linear actuators will continue to be the best-selling category …
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Electric Linear Actuator Market Surpasses US$ 20 Billion, Projected to Reach US$ 34 Billion by 2032
Global sales of electric linear actuators totaled a valuation of US$ 20.5 billion in 2022. Over the next ten years (2022 to 2032), the worldwide electric linear actuator market will expand at 5.3% CAGR. The global market size is likely to reach around US$ 34.3 billion. DC electric linear actuators will continue to remain the top-selling category through 2032. As per Future …