ELECTRIC LINEAR CYLINDERS MARKET ANALYSIS

Regional Analysis

Global Electric Linear Cylinders Market: Regional Insights

Based on region, the global electric linear cylinders market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Out of which Asia Pacific is the dominant region.

In 2020, the electric linear cylinders market in India generated a revenue of US$ 41.2 Mn, and it is expected to grow at a CAGR of 6.6% over the forecast period.

The market in India is expected to witness significant growth throughout the forecast period owing to the rapidly expanding economy, and favorable Foreign Direct Investment (FDI) policies.

The automotive industry is one of the largest industries in India and has observed several new entrants. The recent entry of the U.K.-based brand, MG Hector, and South Korea-based brand, KIA is expected to boost the growth of India’s automotive sector. Therefore, the growing automotive sector and the increasing adoption of automation are expected to boost the demand for electric linear cylinders in the market.

Furthermore, some of the prominent automobile manufacturers, such as Daimler, BMW, Ford, Nissan, and Volkswagen, have production bases in India, thus boosting market growth. Other rapidly growing industry verticals in India are the food and beverages and pharmaceutical sectors, thereby contributing to the growth of the global electric linear cylinders market.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa