Market Highlights:
The global linear motion systems market is expected to touch a whopping USD 8.76 billion mark at a staggering CAGR of 7.8% during the assessment period (2017-2023), reports Market Research Future (MRFR). Various technological advents across the industrial spectrum have given rise to the need for a linear motion system (LMS) to enhance the operational process by having a continuous transfer of products.
With industrialization on the rise and people having more disposable income in their hand than before, segments such as automotive, food & beverage, packaging, healthcare, manufacturing, and others are getting an unprecedented boost. Seamless processing, agility, efficiency in handling shock load condition, and safeguarding against contamination and moisture have made it the foremost procedure for several industrial verticals.
Automotive industry demands an operational technology which can deliver round-the-clock service of the highest level of accuracy without any variance. LMS fits the bill perfectly. Furthermore, advantages such as low maintenance cost and cost-effective production capability have helped it emerge as peerless industrial technology. Its compact size and load capacity help it attain versatility where it gets involved in productions of specialized vehicles such as ambulance, professional vehicles, fire trucks, telescoping trailers, and vehicles for disabled people.
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Major Key Players
- Nippon Bearing Co., Ltd.,
- Rollon S.p.A.,
- SKF AB,
- Lintech,
- Schneeberger AG,
- Thomson Industries, Inc.,
- Bosch Rexroth AG,
- Bishop-Wisecarver,
- Hepco Motion,
- Schneider Electric Motion USA
The report offers comprehensive profiles on these market players and assesses their current standing in the linear motion system market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.
The global Linear Motion System Market is anticipated to touch USD 8.76 billion by 2023, as per an insightful report by Market Research Future (MRFR). It is expected to expand at a 7.8% CAGR during the assessment period (2017-2023).
Industry Trends:
Minimal errors and accurate positioning of equipment have made LMS a market rage in the healthcare sector. Its easy maintenance has been accepted widely across verticals. Features accounting for its high demand are hygiene standards, high performance, and durability of devices.
The market leaders are trying to customize it according to the needs of the industry. Thomson Industries, Inc., has recently introduced T-Cas Linear Race Shafting that provides various benefits to automation manufacturers and can be considered exemplary.
LMS is currently penetrating other markets such as wastewater management, shale gas exploration, and aerospace & defense. An exponential rise in the use of LMS can be seen in these sectors.
Segmentation:
By type, the linear motion system market has been segmented into single-axis and multi-axis linear motion systems. The multi-axis linear motion system segment is anticipated to touch a valuation of USD 5.70 billion by 2023. The system requires less than 30 kilowatt (kW) of power to function in an efficient manner. Its low cost compared to single-axis system coupled with capacity to handle multiple tasks such as de-stacking, palletizing, and pick-and-place can bolster segment demand during the forecast period.
By application, the market is segmented into material handling equipment, palletizing, robotics, machine tools, packaging, and others. The machine tools segment is bound to reach USD 2.78 billion by 2023, growing at a 7.7% CAGR over the forecast period. Emphasis on accuracy in this segment has led to integration of LMS in processes to achieve the required target.
The segments and sub-segments covered in the report are analyzed under four major regions – North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW), with respective country-level market sizing. For the scope of research, the standard definition of the product/service “linear motion system” is included in the report. The report discusses and interprets the current and future opportunities of the industry by delivering an unbiased growth assessment.
Regional Analysis:
The regional segmentation of the global linear motion system market segments the market into continent-based regional markets namely North America, Europe, Asia Pacific, and the rest of the world (RoW). North America is a strong regional market due to the adoption of smart devices by various industries, and the rising trend of bring-your-own-device (BYOD). The automation of industrial processes is increasing day by day, aiding market growth. Due to technological advancements, innovations are also increasing. The most important country-specific markets in this region are the United States of America (USA), Canada, and Mexico.
After North America, Europe is the most technologically advanced regional market. It also has a high density of population. The significant country-specific markets in this region are France, Germany, Italy, and the United Kingdom (UK), followed by the rest of Europe. The Asia Pacific region is likely to emerge as the dominant market by the end of the forecast period, with China and India fueling market growth. China’s market valuation stood at the US $ 804.7 mn in 2017, and it can register an 11.7% CAGR over the forecast period due to various technological advents in automation. Based on demand, Japan and India follow China’s lead. South Korea is another important country-specific market in this region, followed by the rest of Asia Pacific.
RoW segment covers Latin America and Middle East & Africa (MEA) region. In Latin America, the market may not be as big as North America, but it is stable. The stable economies in this region that have the potential to emerge as lucrative markets are Argentina and Brazil. In the MEA region, the market is small and limited. Reasons for the limited market growth in this region are lack of awareness, lack of education, lack of technological development, and political instability.
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Intended Audience
- Research/Consultancy Firms
- System Integrators
- Manufacturing Execution System (MES) and Manufacturing Operations Management (MOM) Players
- Original Equipment Manufacturers
- Government Organizations
List of Tables
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 GLOBAL LINEAR MOTION SYSTEMSMARKET, BY APPLICATION, 2016-2023
TABLE 4 GLOBAL LINEAR MOTION SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
TABLE 5 GLOBAL LINEAR MOTION SYSTEM SMARKET, BY REGION, 2016-2023 (USD MILLION)
Continued…….
List of Figures
FIGURE 1 GLOBAL LINEAR MOTION SYSTEMS MARKET: MARKET STRUCTURE
FIGURE 2 KEY TAKEAWAYS OF THE LINEAR MOTION SYSTEMS MARKET
FIGURE 3 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY
FIGURE 4 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY
Continued…….
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