Linear Motors Market By Type (Cylindrical, U-Shaped Slot, Flat Plate) By Application (Automotive, Electronics, Food & Beverage, Machine tools, Material handling, Medical, etc) and Region - Global Forecast to 2026
26 June 2018
The global linear motors market was valued at around US$ 1.3 Bn in 2018, and is expected to register a CAGR of 4.8%. The report offers in-depth insights, revenue details, and other vital information regarding the global linear motors market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report also offers insightful and detailed information regarding the various key players operating in the global linear motors market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global linear motors market is segmented on the basis of type, application, and region/country.
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 linear motors market is increasing demand from various end-use applications such as automotive, electronics, material handling, and the semiconductor industry. In addition, several advantages of linear motors as compared to that of conventional systems 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 deveining economies is further expected to fuel growth of the global linear motors market.
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 currently.
Growing demand for electric vehicles across developed and in certain developing economies coupled with use of linear motors in transportation, especially in magnetic levitation (Maglev technologies) are expected to present major opportunities for growth of the target market over the next ten years.
Market analysis by type:
On the basis of type, the flat plate segment is expected to contribute major revenue share and is expected to maintain its dominance over the forecast period. The u-shaped slot segment is expected to register highest CAGR of over 4.5%, 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 pharmaceuticals segment is expected to register highest CAGR over 5.0%, 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 revenue contribution by the material handling segment. 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.
Analysis by Region/Country:
The market in rest of the world accounted for significant revenue share in the global linear motors market in 2017. This can be attributed to growing demand for automobiles owing to increasing population, rising income levels, and changing lifestyle of consumers. 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. Moreover, according to same organization, around 1,164,710 automobiles were manufactured in Iran in 2016, which was a significant increase by 18.6% from 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.
The US market accounts for another significant revenue share in the global linear motors market. The US linear motors market is expected to register a CAGR of over 4.5% during the forecast period. 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 US linear motors market. 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 expected to support growth of the market.
The China market is expected to account for around 15% revenue share in the global market in 2018, 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.
Moreover, the markets in Southeast Asia and India 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.
Global Linear Motors Market segmentation:
Segmentation on the basis of type:
- U-Shaped Slot
- Flat Plate
Segmentation on the basis of application:
- Food & Beverage
- Machine tools
- Material handling
- Packaging & Labelling
- Semiconductor Machinery
- Mobile off highways
- Agricultural & Construction
- Wood working
- Others (Energy and utilities, Aerospace and defense, and Entertainment industries)
Segmentation on the basis of region/country:
- Southeast Asia
- Rest of the World
- Aerotech Inc.
- Beckhoff Automation GmbH & Co. KG
- ESR Pollmeier GmbH
- ETEL S.A.
- H2W Technologies Inc.
- Jenny Science AG
- NTI AG LinMot
- Kollmorgen Corporation
- Oswald Elektromotoren GmbH
- YASKAWA Electric Corporation
- FANUC Corporation
- Panasonic Corporation
- Mitsubishi Electric Corporation
- Sanyo Denki Co. Ltd.
- Sodick Co., Ltd.
- 1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Type
- 2.2.2 Market Snapshot, By Application
- 2.2.3 Market Snapshot, By Region
- 2.2.4 Prudour Opportunity Map Analysis
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