Linear Motion Systems Market Overview
The Linear Motion Systems Market Size was valued at USD 7.8 billion in 2021. The Linear Motion Systems market industry is projected to grow from USD 8.40 Billion in 2022 to USD 14.22 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.80% during the forecast period (2022 - 2030)
A specialized machine called a linear motion system is utilized in mechanical systems to transform rotating motion into a linear motion. For a wide range of applications, including packing, transportation, material handling, and manufacturing, it transports objects in a logical pattern. A linear motion system is divided into two types, single-axis linear motion systems, and multi-axis linear motion systems, based on the number of axes required to satisfy the requirements of each of these applications.
The main factor fueling the market's expansion is the rise in demand for linear motion systems in the automobile industry as a result of improvements in manufacturing techniques. Another factor driving market expansion is the growing demand for electronic device miniaturization in the semiconductor industry.
Numerous products in the linear motion system sector stopped being produced as a result of the COVID-19 pandemic, which is why there was a global lockdown. This has slowed the market's expansion for linear motion systems in 2020 and 2021, and a continuation of this pattern is anticipated in the first half of 2022.
To adapt to urgent difficulties and establish new methods of working after COVID-19, makers of linear motion systems should concentrate on safeguarding their staff, operations, and supply chains.
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Market Segment
● By Industry
The Linear Motion System Market is divided into the following industry segments: Semiconductors & Electronics, Machining Tools, Food & Beverages, Automotive, Aerospace, and Others. The industry with the highest anticipated CAGR during the projection period is machining tools.
● By Type
The global market is divided into Single-axis linear motion systems and Multi-axis linear motion systems based on the types of linear motion systems. The multi-axis linear motion system previously recorded the highest income, and the trend is not expected to alter. It cannot be overstated how significant this point is. Therefore, in terms of market share, it will continue to be in control.
Report Scope:
Report Attribute/Metric | Details |
Market Size in 2027 | USD 8.76 Billion |
Growth rate: | CAGR 7.8% from 2020 to 2027 |
Forecast Period | 2020-2027 |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
In-depth Market Research Report (83 Pages) on Linear Motion Systems Market: https://www.marketresearchfuture.com/reports/linear-motion-system-market-6200
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Regional Analysis
The region that has the largest market share for linear motion systems is Asia-Pacific. In 2017, the area held a share of 34.22% of the overall market. During the assessment period, this regional market is anticipated to increase at a CAGR of 10%. This region has experienced tremendous growth as a result of its increased use of cutting-edge technologies, industry activity, and investments in the automotive sector. It also has a few significant market participants.
Due to its acceptance rate of motion systems for widespread deployment in the Chinese automotive and electronic industrial industries, China dominates the Asia-Pacific area. India and Japan have enormous growth potential as a result of the region's rapid growth.
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Industry News
NTN Canada, a manufacturing company, unveiled its linear motion products in 2019. They launched it using Ball Bushing, Runner Blocks, Linear Actuators, Profile Ball Ralls, and Linear Shafting. The linear motion system solution introduced by NTN Canada has been specially designed to satisfy the numerous and stringent requirements across many industries, including the automobile industry.
The SCHNEEBERGER Group announced in 2019 that recirculating units in various lengths and sizes 1–12 are now available. The SR type of recirculating unit is suitable for medium to high loads, according to the company. The SK and SKD types are suitable for small to medium pressure.
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