Research by Global Market Studies has reported a CAGR of 7.3% for the Linear Motion Market, expecting to expand to a value of USD 14.42 billion by 2028.
The design, production and distribution of linear motion systems, components and accessories are the focus of the linear motion market, a subset of the automation sector.
Numerous sectors, including automotive, aerospace, medical, industrial and semiconductor manufacturing, are represented in the market for linear motion systems. Linear bearings, linear actuators, linear slides and linear guides are some of the essential parts of a linear motion system. These parts go into the construction of many linear motion systems, including conveyors, robots and stages.
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The market for linear motion systems is being driven by the growing demand for manufacturing processes to be automated in order to increase precision, productivity and efficiency. This trend is anticipated to continue as businesses continue to look for ways to automate their operations.
As the market is continually changing and new breakthroughs and technologies are frequently presented as improvements in sensor and motor technology have sparked the creation of more accurate and effective linear motion systems.
Industrial robots are being used more and more in manufacturing, logistics and other industries, which is opening new possibilities for linear motion systems. The development of the linear motion market is being fueled by the increasing use of linear motion systems by industrial robots.
A growing number of industries are becoming more specialized, which is driving up demand for customized linear motion systems. For businesses that can provide specialized solutions to match the needs of their clients, this is opening new prospects.
Numerous sectors, including automotive, aerospace, medical, industrial and semiconductor manufacturing, are represented in the market for linear motion systems. Linear bearings, linear actuators, linear slides and linear guides are some of the essential parts of a linear motion system. These parts go into the construction of many linear motion systems including conveyors, robots and stages.
For many businesses, especially smaller ones, the high initial cost of linear motion systems can be a significant barrier. This may restrict acceptance and hinder commercial expansion.
The design, installation and maintenance of linear motion systems require specialist technical knowledge and finding qualified experts might be difficult.
Moreover, there are many businesses selling comparable goods and services in the highly competitive linear motion market. Companies may find it challenging to stand apart from the competition as a result.
While the industry is being driven by the rising demand for customized linear motion systems, customized system design and production can be difficult and time-consuming, which might restrict a company’s capacity to grow. Additionally, precision, speed and load capacity are a few of the factors that might put a restriction on linear motion systems.
• In October 2022, NSK Ltd. launched ball screws for Next-Generation high-accuracy machine tools that provide higher surface finish quality for high-accuracy machine tools used in die and mold machining and other applications.
• In March 2022, Ewellix, the leading global innovator and manufacturer of advanced linear motion technologies, launched an intelligent digital platform to underpin a new and advanced generation of linear motion solutions.
• In February 2022, Altra Industrial Motion Corporation entered an agreement to sell its Jacobs Vehicle Systems (JVS) business to Cummins Inc. for USD 325 million.
• In January 2022, Altra Industrial Motion Corp., a leading global manufacturer and supplier of motion control, power transmission and automation products, acquired Cleveland, Ohio-based Nook Industries LLC, a leader in the US-engineered linear motion industry.
THK Co. Ltd., NSK Ltd., HIWIN Technologies Corp., Nippon Thompson Co. Ltd., IKO, Robert Bosch GmbH, Schaeffler Technologies AG & Co. KG, Rockwell Automation Inc., Timken Company, Fortive, HepcoMotion and SCHNEEBERGER Group.
1) What is the projected market value of the Linear Motion Market?
– The Linear Motion Market is expected to reach a value of USD 14.42 billion by 2028.
2) What is the estimated CAGR of the Linear Motion Market over the 2023 to 2028 forecast period?
– The Linear Motion Market is expected to grow at a CAGR of approximately 7.3% from 2023 to 2028.
3) Who are the key players in the Linear Motion Market?
– THK Co. Ltd., NSK Ltd., HIWIN Technologies Corp., Nippon Thompson Co. Ltd., IKO, Robert Bosch GmbH, Schaeffler Technologies AG & Co. KG, Rockwell Automation Inc., Timken Company, Fortive, HepcoMotion and SCHNEEBERGER Group.
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