Market Overview
The rise in demand for inspection quality, automation, and miniaturization of electronic devices is considered the major growth factor of the Linear Motion System Market. The automation industry is the fastest growing industry in the linear motion market because of the development in manufacturing technology. Even the machining tool industry is boosting market growth. The linear motion system helps the business activities to move ahead in a smooth process. The major driving force of the Linear Motion Systems Industry is digital transformation and industrialization. The high-quality performance of the market is fueling up the market growth. The linear motion system has various advantages, such as high efficiency and a long product life cycle. This technology provides a shorter time to market, maximum productivity, and well-improved configurations. Due to these advanced features, the market is getting the highest rise. The market is receiving high opportunities because of increased demand for energy-efficient and eco-friendly vehicles in the automotive industry. The adoption of automated systems in different industrial sectors is boosting the market.
The Linear Motion Systems Market went through a tough time during the pandemic period. Due to restricted guidelines, the industries faced various problems. But the key players are their best to recover the growth rate of the market. The significant recovery of the market will continue in the future days and let the market growth on a higher scale. According to the reports, the Linear-Motion System Market will register a CAGR of 7.8% worth USD 8.76 Million by 2023 during the forecast period.
The automotive industry is one of the fastest growing industries in the linear motion market. This industry has been experiencing rapid developments in terms of manufacturing and manufacturing technology. Automotive manufacturers are upgrading systems, adding inspection and networking capabilities, and taking advantage of integration to produce a better, cheaper product in less time. There is a high demand for linear rail guides, linear motors, controllers, and linear actuators worldwide, as these components help enhance the efficiency of production and manufacturing facilities in the automotive industry.
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Market Segmentation
The Global Linear Motion Systems Market is segmented into three major segments such as industry and type. The industry segment is sub-categorized into automotive, aerospace, medical and pharmaceutical, food and beverages, semiconductor and electronics, machine tools, and others like pulp, paper, and textile. Among these industrial segments, the machine tools segment has led the market in recent years, and it is expected to continue with its significant growth in the upcoming years. The Linear Motion Systems Market is categorized into a single-axis linear motion system and a multi-axis linear motion system in the type segment. The multi-axis linear motion market had already registered the highest revenue in the early years, and it is going to continue the relevant growth rate in the future years.
Regional Analysis
The Linear Motion Systems Market is geographically distributed into several regions such as Asia Pacific, Europe, Middle East, Africa, and North America. The customer preference for electric and hybrid vehicles is one of the primary factors of the market’s growth. The Asia Pacific region is the leading region with the highest share due to increased adoption of advanced technology, development industry activity, and investment in the automotive industry. China is the dominating region of the Asia Pacific due to its increased adoption of motion systems for massive deployment in the Chinese automotive and electronic manufacturing units. Even India and Japan have also shown tremendous growth in recent years.
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Key Market Players
Major vendors in the global linear motion market are THK Co., Ltd. (Japan), NSK Ltd. (Japan), HIWIN Technologies Corp. (Taiwan), Nippon Thompson Co., Ltd. (IKO) (Japan), Robert Bosch GmbH (Germany), Schaeffler Technologies AG & Co. KG (Germany), Rockwell Automation Inc. (US), Timken Company (US), Fortive (US), HepcoMotion (UK), and SCHNEEBERGER Group (Switzerland).
HIWIN Technologies Corp. manufactures and distributes ball screw and motion control components. The company is majorly engaged with research & development, design, manufacture and sales of ball screws (BSs), linear guideways (GWs) and industrial robots. The company serves various industries in linear motion markets include semiconductor & electronics, automotive, medical, machining tools, and other industrial sectors. The company has approximately 80% of the annual revenues generated from linear guideways and ball screws segments.
Nippon Thompson Co., Ltd. (IKO) manufacture and sale needle roller bearings in Japan using its own technology, and used that advanced technology as a foundation for entering into the field of linear motion rolling guides (Linear Way Series and Mechatronics Series). The company also develops large range of products including the linear way and linear roller way rail guiding systems, and a ball spline-based shaft guiding system. The company offers diversified linear motion products with its own patented C-Lube technology. The IKO motion components developed by the company serves wide range of industries includes semiconductor, packaging, medical, machine tools, and automation. The company also manufactures miniature linear guides, which are designed to use in small medical equipment manufacturing, and provide continuously smooth motion.
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