Linear Motion Systems Market Insights
The global linear motion systems market is likely to witness notable revenue growth. Rising automation and digitization in industries across the globe is a major trend accelerating market growth. Market Research Future (MRFR) confirms that the global linear motion systems market is poised to escalate from USD 8.40 BN in 2022 to USD 14.22 BN by 2030, growing at a 7.80% CAGR during the assessment period (2022-2030).
Vast implementation and applications of the technology in manufacturing sectors to achieve a seamless & smooth process and transition fosters the linear-motion system market size. Besides, rapid industrialization and digital transformation worldwide boost the linear motion systems market demand. Also, large technological advances and rising usages of linear motion systems across the end-use industry boost market growth.
Other applications where linear motion systems expressively change dynamics include packaging, machine tools, palletizing, robotics, and material handling equipment. However, healthcare and automotive are the largest beneficiaries of linear motion systems. In the healthcare industry, these systems are used to manufacture incubators, x-ray machines, and dental chairs.
Linear motion systems are increasingly used in COVID testing as they help speed up RT-PCR testing and provide faster results. Besides, the spurring rise in industrial automation worldwide creates substantial market demand. With the increasing applications in various industries, including semiconductors, automotive, electronics, packaging, and robotics, the market is projected to witness vast demand in future years.
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Major Players
Leading linear motion systems market are
- Bosch Rexroth AG (Germany),
- Thomson Industries Inc. (the US),
- Rollon SpA (Italy),
- Schneeberger AG (Switzerland),
- Nippon Bearing Co. Ltd (Japan),
- SKF AB (Sweden),
- Hepco Motion (England),
- Schneider Electric Motion USA (US),
- Bishop-Wisecarver (US),
- Lintech (US), among others.
Linear Motion Systems Market – Segments
The report is segmented into types, applications, and regions. The type segment is sub-segmented into single-axis and multi-axis linear motion systems. The application segment is sub-segmented into packaging, machine tools, palletizing, robotics, material handling equipment, and others. By region, the linear motion systems market is segmented into the Americas, Europe, APAC, and the rest of the world.
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Global Linear Motion Systems Market – Regional Analysis
The Asia-Pacific region dominates the global linear motion systems market. Factors such as increased industrial activity and government investment in industrial automation systems are major driving forces behind the market growth. Besides, the presence of notable market players in the region and technological developments in linear motion systems.
The region houses a large semiconductor industry alongside rapidly growing automotive, pharmaceutical, food & beverage, and machine manufacturing industries. This, as a result, impacts the linear-motion system market positively. Additionally, the rapid adoption of linear actuators and other systems in the electronic and automotive manufacturing sectors boosts the market size.
Linear Motion Systems Market – Competitive Analysis
The linear motion systems market will see several strategic partnerships alongside other strategic approaches such as expansion, collaboration, mergers & acquisitions, and service & technology launches. Mature industry players invest strategically in research & development activities and foster expansion plans.
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Industry/Innovation/ Related News:
May 25, 2023 -- NSK Americas, a leading global bearing and linear motion control technology provider, showcased a new high-precision linear motion technology at Automate 2023. NSK's new AXIS series linear actuators are ultra-fast, super-precise single-axis actuators that provide high-load positioning in a simplified, easy-to-install form factor.
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