Linear Motion Systems Market Research Report: Information by Application (Packaging, Machine Tools, Palletizing, Robotics, Material Handling Equipment and others) by Type (Single-Axis Linear Motion System and Multi-Axis Linear Motion System), by Region – Global Forecast till 2023
According to Market Research Future (MRFR), the global linear motion systems market was valued at USD 5.35 billion in 2016 and is expected to reach USD 8.76 billion with a 7.8% CAGR from 2017 to 2023 (forecast period). The report offers a review of current developments in the linear motion systems industry. In addition, the report also addresses the effect of the novel COVID-19 pandemic on the linear motion systems industry.
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The linear motion system is a device used to transfer components in the XY direction. This device can be used in packaging, machine tools, material handling, palletizing, robotics, and many others. Linear motion systems ensure that the processes are smooth and rapid, with minimal losses at any point in the industry. Consistent use of these products results in the wear and tear of the linear motion system, creating the need for continuous maintenance and substitution activities. Linear motion systems include linear rail, rail tables, guides and actuators, sliders, which allow users to continuously move products in a conveyor belt or push it across for packaging. The system is primarily used for packaging, pick and place, sorting, palletizing, and transporting finished products.
Increased acceptance in the electronics and semiconductor industries to drive business growth. Factors such as evolving fabrication techniques, declining production costs, growing demand for advanced equipment, rising automation adoption, and ongoing investment will propel the global industry’s growth.
The global market for linear motion systems has been segmented into type and application.
Based on type, the global linear motion systems market has been bifurcated into a single-axis linear motion system and multi-axis linear motion system. The multi-axis linear motion system segment accounted for a substantial market share in 2016, with a valuation of USD 2,023.90 million; the highest CAGR is expected to be reported during the forecast period. More than three axes in the multi-axis linear motion system need less than 30 kW of total power. As the power of each axis is shared between the standard DC power supply, the cost decreases. The multi-axis linear motion system costs less than its single-axis since the multi-axis does not have an AC to DC rectification section. The single-axis linear motion system is expected to be the second-highest segment with a 6.6% CAGR over the forecast period.
By application, the global linear motion systems market has been segmented into packaging, machine tools, palletizing, robotics, material handling equipment, and others. It is estimated that the machine tool segment will lead the market from 2016 to 2023. However, the robotics segment is expected to report the highest CAGR in the forecast period.
By region, the global linear motion systems market has been segmented into Asia Pacific, North America, Europe, and the rest of the world.
In 2017, the global linear motion systems market was led by the Asia Pacific with a 34.22% share. The market is expected to attain a CAGR of 10.00% during the forecast period. The Asia Pacific is expected to dominate the global market for linear motion systems during the forecast period due to an increase in industrialization in emerging countries, such as China, India, Taiwan, and South Korea, and increasing advances in automation and robotics, which is expanding the market in the Asia Pacific market.
Industry giants operating in the global linear motion systems market are Bosch Rexroth AG (Germany), Schneeberger AG (Switzerland), SKF AB (Sweden), Hepco Motion (England), Thomson Industries, Inc. (the US), Nippon Bearing Co., Ltd (Japan), Schneider Electric Motion USA (US), Rollon SpA (Italy), Bishop-Wisecarver (US), and Lintech (US).
- In April 2018, Schneeberger Group manufactured the high-precision MINIRAIL miniature guideway, which though small in size, finds usage in several MINIRAIL is a high-tech linear bearing that will impress users with its precision, robustness, and versatility.
- In April 2018, Bosch invested 100 million Euro in a new plant in Celaya. The company also planned to build a new smart factory for electronic components in Central Mexico by 2020.
- In March 2018, Rollon, a company specializing in linear motion solutions, strengthened its business by creating a new division in Arcore (MB), Italy and by opening a new factory in Runkel, Germany.
Key questions addressed by the report
- What was the historic market size (2015)?
- Which segmentation (Component/Solution/Industry) is driving the market growth?
- What will be the growth rate by 2023?
- Who are the key players in this market?
- What are the strategies adopted by key players?
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