Linear Motion System - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Linear Motion System Market is accounted for $6.72 billion in 2020 and is expected to reach $11.11 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Growing need for quality inspection and automation, reduced time-to-market, growing demand for high accuracy and repeatability in industrial processes and rising demand for miniaturization of electronic devices in the semiconductor industry are the major factors propelling the market growth. However, lack of effective product differentiation and high cost of installation of linear motion systems are hampering the market growth.
A linear-motion system is a designed to offer free motion in one direction. Linear motion systems contain linear motion bearings, slides, and rails as components, and are used in a wide variety of applications. The systems are equipped with a wide range of control systems and configurations to meet desired production requirements. Linear motion systems are built to work at high speeds, with a high level of accuracy and performance in harsh environmental conditions. They help in the transportation of industrial payloads in harsh environments, which is very useful for applications pertaining to factory automation.
Based on end user, the automotive segment is going to have a lucrative growth during the forecast period owing to the rise in automotive sales around the globe. Moreover, the rapidly increasing demand for energy-efficient mass transit drives increased the adoption of hybrid and fully electric-powered vehicles, which is creating a massive opportunity for linear motion systems in the automotive sector. Due to the growing adoption of automation in the automotive manufacturing process and involvement of digitization and AI, the demand for different linear motion systems is increasing in the automotive sector.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to an increase in industrial activity, technological advancements in the field of linear motion systems, rise in government investment in industrial automation systems, and the presence of well-established players providing linear motion system across the region. The region constitutes the presence of large semiconductor industry, besides automotive, pharmaceutical, food & beverages, and machine manufacturing. Moreover, there is a rising degree of miniaturization in various fields of applications that have led to a rise in the production of various linear motion systems in the region.
Some of the key players profiled in the Linear Motion System Market include ABB, Automation Tooling Systems, Beckhoff Automation, Bishop-Wisecarver, Bosch Rexroth AG, Fortive, Hepco Motion, Hiwin Corporation, Lintech, Mitsubishi Electric, Nippon Bearing Co. Ltd, Parker Hannifin Corporation, Rockwell Automation Inc, Rollon SpA, Schneeberger AG, Schneider Electric Motion USA, SKF AB, and Thomson Industries Inc.
• Multi-axis Linear Motion System
• Single-axis Linear Motion System
• Linear Drive System
• Linear Axes
• Linear Guides & Tables
• Linear Modules
• Steel Manufacturing
• Machine Tools
• Material Handling Equipment
End Users Covered:
• Electronics and Semiconductor
• Food & Beverages
• Medical and Healthcare
• Oil & Gas
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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