Market Highlights
The global linear motion systems market is growing rapidly. Vast implementation and applications of the technology in manufacturing sectors to achieve a seamless & smooth process and transition fosters the size of the linear-motion system market. Besides, rapid industrialization and digital transformation worldwide boost the demand in the linear motion systems & products market.
Other applications where linear motion systems are expressively changing the 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 in the manufacturing of incubators, x-ray machines, and dental chairs.
Linear motion systems are extremely useful for COVID testing as they help speed up RT-PCR testing, providing 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 the years to come.
According to Market Research Future (MRFR), the global linear motion systems market is projected to garner exponential gains by 2027, growing at an impressive CAGR during the forecast period (2020 – 2027). Rising automation and digitization in industries across the globe is a major trend accelerating market growth. Also, large technological advances and rising usages of linear motion systems across the end-use industry boost market growth.
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Segmentation:
he report is segmented into type, application, and regions. The type segment is sub-segmented into a single-axis linear motion system and multi-axis linear motion system. The application segment is sub-segmented into packaging, machine tools, palletizing, robotics, material handling equipment, and others. The region segment is sub-segmented into Americas, Europe, APAC, and Rest-of-the-World.
Linear Motion Systems Market – Regional Analysis
The Asia Pacific region dominates the global linear motion systems market. Factors such as increased industrial activity and increased government investment in industrial automation systems are major driving forces behind the market growth. Besides, the presence of well-established 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.
In Europe and North America, the linear motion systems & products market is driven by manufacturing plant requirements and well-established automotive industries. Moreover, constant upgrades in the electronics, packaging and medical sectors boost the market growth in these regions. The increasing emphasis of automotive, machine tool, and robotics industries on adopting energy-efficient linear motion systems contributes to market share.
Global Linear Motion Systems Market – Competitive Analysis
Highly competitive, the linear motion systems market appears to be fragmented, with several well-established players forming a competitive landscape. These players incorporate several strategies such as acquisition, collaboration, partnership, expansion, and product & technology launch to gain a larger competitive share.
They make substantial investments to drive new product developments and expansion initiatives. The market would witness relentless innovations and new product developments, eventually intensifying competition among linear motion systems providers.
Major Players:
Players leading the linear motion systems market include 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.
Industry/Innovation/ Related News:
Jun 11, 2021 --- Bosch Rexroth AG (Germany), a leading engineering firm, announced that it is very well responding to factory automation needs in the market with its new Smart MechatroniX solution platform, combining best-in-class linear motion technology components with electronics and software. Besides offering full process transparency, Bosch’s new technology also ensures a short time-to-market and high productivity, allowing quick commissioning.
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Information By Application (Packaging, Machine Tools, Palletizing, Robotics, Material Handling Equipment and others) By Type (Single-Axis Linear Motion System and Multi-Axis Linear Motion System) - Forecast till 2027
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