DUBLIN–(BUSINESS WIRE)–The “Global Actuators Market by Actuation (Electrical, Pneumatic, Hydraulic), Type (Linear, Rotary), Application (Industrial Automation, Robotics, Vehicles & Equipment), Vertical (Automotive, Electronics, Healthcare), and Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The actuators market is projected to grow from USD 53.9 billion in 2021 to USD 86.6 billion by 2027, at a CAGR of 8.2% between 2021 and 2027. Increasing demand for actuators in the automotive industry, the rapid growth of industrialization and utilization of robotics, and rising demand for actuators in healthcare are some of the key factors driving the growth in the actuators market. A wide array of applications employing the use of linear actuators is one of the lucrative opportunities for actuator system providers during the forecast period.
The COVID-19 outbreak has triggered disruptions to global supply chains and business processes. While the pandemic did not impact the 2019