Linear Motion System Market is estimated to increase at a CAGR of 5.1% during the forecast period, 2022-2029.
The factors driving the growth of the Linear Motion System Market includes growing demand for automated warehouses, expansion of the e-commerce industry, increasing application of linear motion systems in hydro and solar power systems and improvements in the living standards. Moreover, increasing use of linear motion components in the automotive manufacturing process such as handling, sorting, and material provisioning, growing adoption of advanced technologies by manufacturers and rise in the launch of innovative products, are some of the additional factors supplementing the Linear Motion System Market size in the coming years. In addition, the increasing investments by major companies on research and development, rapid urbanization, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
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However, growth of the Linear Motion System Market is hindered due to variations in the prices of raw materials.
The major players operating in the Linear Motion System Market includes Bosch Rexroth AG, SCHNEEBERGER Holding AG, Hiwin Corporation, Rockwell Automation Inc., The Timken Company, NSK Ltd., Thomson Industries, Inc., Nippon Thompson Co. Ltd., THK Co., Ltd., and Robert Bosch GmbH, and others.
Based On Type, the Multi-Axis Linear Motion System segment is predicted to grow at a significant CAGR during the forecast period
The multi-axis linear motion system provides high level of positioning and enables extremely precise machining and positioning processes with short control cycles, are some of the features pushing Linear Motion System Market share.
Based on End-Use Industry, the Automotive segment is projected to expand at a robust CAGR over the forecast period
Growing demand for linear actuators in robotic weld guns, boring and honing devices and increasing penetration of passenger vehicles, are propelling growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR during the forecast period
As per the Linear Motion System Market Forecast, increasing penetration of electric vehicles across India, China, and South Korea, rising demand for automated warehouses, rapid growth in the e-commerce industry and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Key Development
- In 2021, The Timken Company, completed the acquisition of Intelligent Machine Solutions (iMS), a manufacturer of industrial robotics and automation solutions. The addition of iMS expands and complements Timken’s Rollon linear motion product range with larger and heavy-duty applications, including seventh-axis robotic transfer units (RTUs) and gantry systems.
Market Segmentation
Segmentation by Type
- Single-Axis Linear Motion System
- Multi-Axis Linear Motion System
Segmentation by End-Use Industry
- Automotive
- Electronics and Semiconductor
- Manufacturing
- Aerospace
- Healthcare
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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The Linear Motion System Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global linear motion system market are Bishop-Wisecarver, Bosch Rexroth AG, Hepco Motion, Lintech, Nippon Bearing Co., Ltd., RollonS.p.A., Schneeberger AG, Schneider Electric Motion, SKF AB, and Thomson Industries.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Linear Motion System Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/linear-motion-system-market/download-sampleMarket DynamicsThe ongoing industrialization along with the need for modern automatic systems in industries such as linear motion systems is catering the demand for this market.
Moreover, increasing demand for linear motion system owing to its superior performance in harsh environmental conditions in industries is further fueling the market growth.
However, high maintenance associated with these systems may restrict the market growth.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.
