Global Linear Motors Market By Product Type (Cylindrical type, U-Shaped slot type, Flat plate type), By Application (Automotive, Electronics, Food/beverage, Machine tools, Material handling and Others) and By Regions - Global Forecast 2030

“Global Linear Motor Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global linear motor market has been segmented on the basis of product, application, as well as regions and countries.

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The Global Linear Motor Market was valued at UЅD $1,379.9 Мn in 2020, and is projected to achieve a valuation of UЅD $2,093.6 Мn by 2030, at a САGR of 4.8%.

Overview:

A linear motor is an electric motor that has had its stator and rotor ‘unrolled’ thus instead of producing a torque (rotation), it produces a linear force instead along its length. However, linear motors are not necessarily straight. In other words, these motors are a class of specialized synchronous brushless motors that work like torque motors, but are opened up and rolled out flat.

Dynamics:

The numerous advantages associated with linear motors, and the increasing number of industries utilizing these devices for varying purposes are some of the primary factors that are anticipated to fuel the revenue growth of the global linear motor market over the next 10 years. Moreover, linear motors eliminate the need for elastic components such as couplings, gearboxes, etc., that are usually found in conventional systems and do not rely on mechanical parts like pulleys, belts, pinions, etc., thereby, reducing the probability of errors in motion and backlash. Owing to these aforementioned factors, the opportunities for additional market growth are expected to be drastically increased over the next 10 years.

In addition to this, linear motors are usually used in conjunction with servo controls which allows for them to be easily coordinated and are a cost-effective solution even in the most complex of configurations. Furthermore, their compact design, high accuracy, and low maintenance costs are factors that are expected to further compliment the market growth of the global linear motor industry in the years to come.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global linear motor market is no different, and this factor is anticipated to have a negative impact on the revenue growth of this industry. Moreover, the rather high set-up costs associated with the installation and implementation of linear motors in respective industries is also a factor that may hinder the revenue growth of the global linear motor market in the coming years.

Nonetheless, the introduction of magnetic levitation and the increasing usage of linear motors in transportation solutions is a factor that is expected to open new avenues for increased market growth over the forecast period.

Segmentation of the Global Linear Motor Market is as follows:

In terms of application, the electronics segment accounted for the maximum number of revenue shares of the global linear motor market in 2020, and is expected to continue doing so over the forecast period. However, the medical and pharmaceuticals segment is anticipated to index the highest CAGR over the next 10 years.

With regards to product, the cylindrical type segment accounted for the highest number of revenue shares of the global linear motors market in 2020, and is anticipated to continue to do so over the next decade. The U-shaped slot type segment is also indicative of registering a high CAGR over the forecast period.

Regional Segmentation and Analysis:

The markets in the Asia Pacific region accounted for the maximum number of revenue shares of the global linear motor market in 2020, and is indicative of remaining this industry’s front-runner over the next decade. The markets in North America are also expected to register a high CAGR over the next 10 years.

Segmentation of the Global Linear Motor Market:

Segmentation by Product:

• Cylindrical type
• U-Shaped slot type
• Flat plate type

Segmentation by Application:

• Automotive
• Electronics
• Food/beverage
• Machine tools
• Material handling
• Medical & Pharmaceuticals
• Packaging/labelling
• Semiconductor machinery
• Robotics
• Mobile off highways
• Agricultural and construction
• Other Applications
• Petrochemical
• Printing
• Paper
• Textile
• Wood working
• Additional Applications

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA