Global Linear Motion Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Linear Motion Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global linear motion market report has been segmented on the basis of component, end-use industry, and region.
Global Linear Motion Market: Overview
The linear motion, also known as rectilinear motion or uniform motion, is a motion in a straight line. It is one-dimensional motion with constant velocity. Components that are used for linear motion include ball screws, linear motors, linear guides, tables, actuators, etc.
Global Linear Motion Market: Dynamics
High use of automation in the industrial sector for higher production rate, improved quality, and safety, shorten excess working hours by laborers is a major factor driving growth of the global linear motion market. In addition, linear motion offers advantages such as speed and accuracy as well as the ability to carry out individuals and synchronized movements is a factor supporting growth of the global market.
Government initiatives to support adoption of automation technology in various industries is a factor propelling growth of the target market. Furthermore, increasing investment in robotics and industrial automation is a factor expected to boost growth of the global linear motion market in the near future.
However, the lack of a skilled workforce for handling operation in automation technology is a factor that may hamper growth of the global linear motion market. In addition, high cost if linear motion components for small scale production companies is another challenging factor that could affect growth of the global market. Nevertheless, growing adoption of automation and robotics technologies can create high revenue opportunities for players in the target market.
Global Linear Motion Market: Segment Analysis
Among the end use industry segments, the machining tools segment is expected to dominate the global market in terms of revenue over the forecast period. Machining tools are used for various applications such as shearing, cutting, grinding, boring, etc. Use of linear motion components to offer low maintenance solution and high reliability in automation. These are the factors supporting growth of machining tools segment in the global market.
The automotive segment is expected to register high growth in terms of revenue in the near future. Growing automotive industry, coupled with developments in manufacturing technology of vehicles are factors propelling growth of this segment in the target market.
Global Linear Motion Market: Regional Analysis
Currently, the market in Asia Pacific accounts for major share in terms of revenue and is expected to maintain its position over the forecast period. Growing industrial sector in countries such as China and India is a key factor driving growth of the target market in this region. Increasing production of vehicles and smartphones, owing to their high demand among end users is another factor expected to support growth of the linear motion market in this region. In addition, use of linear motion components in an assembly line in packaging, plastic, paper, electronics and semiconductor industries is a factor supporting growth of the target market in the Asia Pacific region. The market in North America and Europe are anticipated to register lucrative growth in terms of revenue in the near future, owing to the presence of key players in countries in these regions.
Global Linear Motion Market Segmentation:
Segmentation by Component:
- Linear Motors and Drives
- Ball Screws
- Linear Guides, Tables, and Actuators
Segmentation by End-Use Industry:
- Machining Tools
- Medical and Pharmaceuticals
- Food & Beverages
- Semiconductor & Electronics
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- THK Co., Ltd.
- NSK Ltd.
- HIWIN Technologies Corp.
- Nippon Thompson Co., Ltd.
- Robert Bosch GmbH
- Schaeffler Technologies AG & Co. KG.
- Rockwell Automation, Inc.
- The Timken Company
- Fortive Corporation
- SCHNEEBERGER Group
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