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Linear Motion Systems Market is estimated to reach at US$ 6.83 Bn by 2028 growing at a CAGR of 6.1 % during the Forecast Period
The global Linear Motion Systems market has shown phenomenal growth since the last few years. The market is forecasted to witness rapid growth during the forecast timespan. Some of the factors for the growth of the global market include inclination towards renewable power sources, rising adoption from the consumer electronics sector.
Advantages Associated with Linear Motion Systems is Fuelling the Market Growth
The major factor fuelling the growth of the global Linear Motion Systems market is the advanced features associated with these systems which result in increased adoption from a different region. The linear motion systems offer an increased product lifecycle and higher efficiency. These systems are designed to employ with machines of different payloads in several industry verticals as these are available in multiple variants which meets any special production requirements. The linear systems do not require any kind of fuel to operate which makes it environment-friendly. Also, these systems offer high processing speed while maintaining the accuracy level even in harsh environments. These factors are anticipated to fuel the growth of the global linear motion systems market during the forecast period.
Machine Tools Segment Held Significant Market Share Global Linear Motion Systems Market in 2019
On the basis of the end-use industry, the global linear motion systems market is dominated by the machine tools industry segment, accounting for significant market share in 2019. In this industry, linear motion systems are used for several applications including shearing, cutting, grinding, and boring, and other metal deformation forms aimed at providing high reliability and cost-efficiency. The different linear motion components including motors, ball-screws, actuators, and linear guides provide improved performance of machine tools and enable it to work efficiently in hazard conditions. These factors are expected to favour the growth of the segment in the future.
On the other hand, the automotive segment is projected to witness the fastest growth during the forecast period. The automotive manufacturers are adopting advanced technology to develop better and cheaper vehicles in lesser time. The rising demand for linear actuators, linear rail guides, controllers, and linear motors is expected to fuel the growth of the linear motion system in the automotive industry.
The Asia Pacific is projected to dominate the Global Market during the Forecast Period
By Region, Asia Pacific is estimated to dominate the global linear motion systems market, by holding significant market share in 2019. The rising adoption of new technologies and developments in emerging Asian continents including China, Japan, and India is majorly driving the growth of the market in the region. Additionally, the supporting g government policies and subsidies to improve IT infrastructure favour regional growth. Japan is the major contributor for the linear motion systems market in Asia Pacific. Moreover, the presence of major players operating in global linear systems markets such as HIWIN Technologies Corp., THK Co., Ltd., and NSK Ltd., is estimated to fuel the growth of the region over the forecast period.
The linear motion systems market is highly fragmented in nature. The enterprises are engaged in establishing strategic mergers and acquisitions with other industry players in order to expand their product portfolio and increase their consumer base across the globe.
In October 2018, Thomson Industries, Inc., one of the leading companies in mechanical motion systems announced the launch of an upgraded RediMount option for integration of linear motion systems.
In July 2018, Timken announced the completion of acquisition with Rollon Group, an Italy based, one of the leading manufacturers of engineered linear motion products. The acquisition was intended to add a linear motion product line as a part of their new business segment.
In October 2011, Altra Industrial Motion Corp. announced the completion of the combination with four operating companies including market-leading brands operating in precision motion control market. The companies include Jacobs Vehicle Systems, Kollmorgen, Portescap, and Thomson.
Some of the prominent companies operating in global Linear Motion Systems market include THK Co., Ltd., SCHNEEBERGER Group, NSK Ltd., HepcoMotion, HIWIN Technologies Corp., Fortive, Nippon Thompson Co., Ltd., Timken Company, Robert Bosch GmbH, Rockwell Automation Inc., and Schaeffler Technologies AG & Co. KG.
Global Linear Motion Systems Market by End-Use Industry
- Food & Beverages
- Machining Tools
- Semiconductor & Electronics
- Medical and Pharmaceutical
- Others (Textile, Paper & Pulp)
Global Linear Motion Systems Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America