Market Trends in Power & Motion - Mar 8th, 2024
 
 
Market Trends in Power & Motion | View online
 
March 8, 2024
The global linear actuator market is forecast to experience a high level of growth in the coming years due in large part to use of these actuators in various automation solutions.
The February 2024 PMA Business Conditions Report shows metalforming manufacturers are increasingly optimistic about business activity in the coming months.
The benefits provided by electric actuators over hydraulic and pneumatic options is increasing their adoption in a range of applications.
Positive market conditions for the hydraulics sector and its various customer markets will drive growth for hydraulic fittings in the coming years.
Corey Holloway of anyseals provides insight into the current market conditions for O-rings.