Linear Motors Market By Product (Cylindrical, U-Shaped Slot, And Flat Plate), By Application, And By Region – Global Forecast To 2029
16th August 2019
find_in_page Our Research Methodology is based on the following main points:
- Data Collections and Interpretation
- Data Validation
- Final Projections and Conclusion
The global linear motors market is estimated to be valued at approximately US$ 1.3 Bn in 2020, and is projected to register a CAGR of 4.7%. The global linear motors market is segmented on the basis of product, application, and region. The report also includes historical quantitative data from 2013.
Global Linear Motors Market Introduction:
Linear motor is an electric induction motor that produces straight-line motion (as opposed to rotary motion) by means of a linear stator and rotor placed in parallel. It is a type of motor that produces thrust in a straight line by direct induction, rather than with the use of gears.
Global Linear Motors Market Dynamics:
Major factor driving growth of the global linear motors market is increasing demand for linear motors from various end-use industries such as automotive, electronics, material handling, and the semiconductor industry. In addition, several advantages of linear motors as compared to that of conventional motors, and growing demand for medical equipment is expected to further support growth of the global linear motors market. Moreover, rapid growth of the pharmaceutical industry, especially in developing economies is further expected to fuel growth of the global linear motors market.
Report Coverage and Deliverables
However, limited use of linear motors in high-load applications and high investments required for ball screws and linear guides are major factors restraining growth of the global linear motors market to some extent.
Growing demand for electric vehicles in developed and in certain developing economies, coupled with use of linear motors in transportation, especially in magnetic levitation (Maglev technologies) are expected to create revenue opportunities for growth of the target market over the next ten years.
Market Analysis, by Product:
On the basis of product segments, the flat plate segment is expected to contribute moderate revenue share and is expected to continue with its contribution at a steady rate over the forecast period. The u-shaped slot segment is projected to register the highest CAGR of over 5.4%. The cylindrical type segment is estimated to record the highest revenue share in the target market, owing to increasing number of applications of cylindrical type linear motors in industries such as automotive, electronics, food & beverages, machine tools, material handling, medical and petrochemical, printing, packaging & labeling, paper, robotics, semiconductor machinery, textile, agricultural & construction, wood working, and others.
Market Analysis, by Application:
On the basis of application segmentation, the electronics segment is estimated to contribute major revenue share and is expected to maintain its dominance over the forecast period. The medical & pharmaceuticals segment is projected to register the highest CAGR over 5.8%, owing to linear motors’ precise motion control with extremely high throughput to meet demand for millions of doses per day, along with reduced wastage and ease of maintenance, thus improving productivity and profitability.
The machine tools segment is expected to account for second-highest revenue share in the global market, closely followed by the material handling segment in terms of revenue contribution. This is attributed to benefits such as faster traverse speed, lower vibration, higher precision, and lower maintenance cost. Linear machines also provide longer tool life and lower operating cost.
Market Analysis, by Region:
The market in the Asia Pacific is estimated to account for significant revenue share in the global linear motors market, and is projected to register the highest CAGR of more than 5% over the forecast period. This can be attributed to growing demand for automobiles owing to increasing population, rising income levels, and changing lifestyle of consumers. The China market is expected to account for substantially higher revenue share in the Asia Pacific market, owing to rising demand for linear motors from the textile industry for cutting, labeling, stacking, etc. and high demand from various packaging industries in the country. According to 2016 World Packaging Organization report, China is the fastest growing market for flexible packaging, accounting for 44% of global flexible packaging consumption volume. Also, according to European Union Small Business Centre, Chinese textile exports in first quarter of 2016 grew by 22.16%, reaching US$ 28.8 Mn.
The North America market is expected to account for significant revenue share in the global linear motors market. Rising demand from the packaging industry, increasing export of linear motors to meet growing demand, adoption of linear motors for stacking, loading, alignment, etc. are major factors driving growth of the North America linear motors market. In addition, presence of major pharmaceutical manufacturers in the country, rising adoption of linear motors in the pharmaceutical sector for pressing of closures, carton packaging, labeling, and pick-and-place systems is another key factor expected to support growth of the market. Rapidly growing automotive industry is another factor driving market growth in the region. For instance, according to International Organization of Motor Vehicle Manufacturers, around 2,370,271 automobiles were manufactured in Canada in 2016, which was an increase by 3.8% compared to 2015 volume.
The market in Europe accounts for significant share in the global linear motors market. Demand for linear motors is expected to increase in Europe region, owing to changing consumer trends, coupled with stringent regulations, increasing incorporation of linear motors for new and efficient machine design. Also, increasing adoption of linear motors in the food & beverages industry for clamping and linear and rotatory aligning is expected to further support growth of the market. According to European Food and Drink Industry, there are overall 286,000 food and drink companies in Europe, with annual export revenue of US$ 100.6 Mn.
Moreover, the markets in MEA and South America are also projected to witness moderate growth over the forecast period, and are expected to offer major opportunities for prominent players and new entrants in the forthcoming years. Key factor driving MEA market growth is inclining number of automotive production. For instance, according to International Organization of Motor Vehicle Manufacturers, around 1,164,710 automobiles were manufactured in Iran in 2016, which was a significant increase by 18.6% from 2015 volume.
Global Linear Motors Market Segmentation:
Segmentation on the basis of Product:
- U-Shaped Slot
- Flat Plate
Segmentation on the basis of Application:
- Food & Beverage
- Machine tools
- Material handling
- Medical & Pharmaceuticals
- Packaging & Labelling
- Semiconductor Machinery
- Mobile off highways
- Agricultural & Construction
- Others (Petrochemical, Printing, Paper, Textile, Wood Working, and other industries)
Segmentation on the basis of Region:
- North America
- Asia Pacific
- South America
- Middle East & Africa
- Parker-Hannifin Corporation
- YASKAWA Electric Corporation
- Panasonic Corporation
- Rockwell Automation, Inc.
- ETEL S.A.
- ESR Pollmeier GmbH
- Jenny Science AG
- Oswald Elektromotoren GmbH
- Sanyo Denki Co. Ltd.
- Robert Bosch GmbH (Bosch Rexroth AG)
- Aerotech Inc.
- Beckhoff Automation GmbH & Co. KG
- H2W Technologies Inc.
- NTI AG LinMot
- Kollmorgen Corporation
- FANUC Corporation
- Mitsubishi Electric Corporation
- Sodick Co., Ltd.
- Chapter 1 Global Linear Motor Market Insights
- 1.1 Introduction
- 1.2 Segmentation for Global Linear Motor Market, based on Product Type, Application and Region
- 1.3 Definitions:
- 1.4 Drivers for Global Linear Motor Market:
- 1.5 Restraints for Global Linear Motor Market:
- 1.6 Trends for Global Linear Motor Market:
- 1.7 Opportunities for Global Linear Motor Market:
- 1.8 Macro-economic Factors
- 1.9 Opportunity Map Analysis
- 1.9.1 Optimistic Scenario:
- 1.9.2 Likely Scenario:
- 1.9.3 Conservative Scenario:
- 1.10 Opportunity Orbits
- 1.11 Market Investment Feasibility Index
- 1.12 Pest Analysis
- 1.13 PORTER’s Five Forces Analysis
- Chapter 1 Global Linear Motor Market Insights
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