Market Overview
As per the recent study, the global linear motion system market size is witnessed at USD 3.45 billion in 2020 and is expected to grow at a significant CAGR of 4.83% along with market size of USD 4.57 billion during the forecast period 2021-2027.
A linear motion system is a compact system used for handling industrial materials. This system is used for several end-use industrial applications like product transportation, packaging, and palletizing. This system is used for light-duty machining jobs in various industries like semiconductor, automotive, food & beverage, and more. Moreover, this system includes moving the load, a guide system for handling the load, and sealing that protects the inner parts of the system. This system is specially designed for working at high speeds with a high level of accuracy and performance in harsh environmental conditions by helping in the transportation of industrial payloads
Introducing the advanced technologies in the field of linear motion systems regarding electromechanical systems and growing industrial production are expected to accelerate the growth of the market. The beneficial advantages like higher efficiency and durability are impeding the market growth. In addition to that, these systems are environmentally friendly as their working is not dependent on fuel which makes them ideal to use in various industries, especially which industries are prone to higher carbon emissions. Due to rise in the automotive sales, it is anticipated to enhance the demand for this system in automotive sales during the review period.
The linear motion system market opportunities are growing demand for energy-efficient and eco-friendly vehicles in the automotive sector is fostering the LMS market growth.
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Market Segmentation
The linear motion system market is sectioned into two segments Industry and type.
Industry Segmentation: Based on the industry segment, the linear motion system market is classified into automotive, aerospace, medical and pharmaceutical, food and beverages, semiconductor & electronics, machine tools, and others (pulp, paper & textiles).
Type Segmentation: Based on the type segment, the linear motion system market is partitioned into single-axis linear motion systems and multi-axis linear motion systems.
Regional analysis
By the recent updates, the global linear motion system market based on the regions is divided into four major regions such as Asia-Pacific, Europe, North America, and the Middle East & Africa. Among them, Asia-Pacific is expected to dominate the largest market share during the review period due to the rising adoption of advanced technologies, development in industrial activity, and growing investment in the automotive industry. Moreover, the presence of a few major key players is boosting the market growth in this region. Owing to the adoption rate of linear motion systems for massive deployment in the Chinese automotive and electronic manufacturing sectors, China is holding the largest market share. Apart, India and Japan also dominate the tremendous growth due to the region increased at a higher rate.
The linear motion system market prominent key players are SKF AB (Sweden), Schneider Electric Motion USA (US), Nippon Bearing Co. Ltd (Japan), Rollon Spa (Italy), Thomas Industries, Schneeberger AG (Switzerland), Bosch Rexroth AG (Germany), Bishop-Wisecarver (US), and others.
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Industry News
According to the latest research, the linear motion system market forecast states that this system is anticipated to reach immense growth in the review period due to the rising investment, R & D, introducing the innovations in the linear motion system like launching the linear motion customer tool kit along with profile ball ralls, runner blocks, linear shafting, ball bushing, and linear actuators which boosts the linear motion system market growth.
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