In terms of cash, the global linear motion system (LMS) market is expected to be worth US $ 8.76 bn by 2023. Market Research Future (MRFR) has published and released a research report about the global linear motion system market that prophesizes rise for this market with 7.8% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023.
During the forecast period, the demand for linear motion system is expected to rise due to the rapid rate of industrialization across various sectors such as automotive, healthcare, manufacturing, etc. The key factors driving the growth of the global linear motion system market include high demand for accurate motion control systems, the superior performance of LMS in contaminated areas. Due to quality and repetitive moments, there is high demand for LMS in the automotive sector. The only deterrent in the growth of global linear motion system market is continuous maintenance.
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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, and Schneider Electric Motion USA are noteworthy players in the linear motion system market. Players in the market are focusing on strengthening their supply chain by acquiring oilfields and expanding their product offerings to cater to demands from various industrial sectors.
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.
Latest Industry News
- Based in Orlando, Florida, micro-dispensing and 3D printing systems manufacturer nScrypt has announced the release of its new Factory in a Tool (FiT) for Direct Digital Manufacturing. 22 OCT 2018
- Thomson Industries Inc. has released its new RediMount modular adapter kit that can install motors or gears in less than five minutes. 24 OCT 2018
The global Linear Motion System Market can be segmented based on type and application.
Type-wise segmentation includes single-axis linear motion system and multi-axis linear motion system. Multi-axis linear motion system is leading the market and expects to grow at a rapid CAGR of 8.5% to reach a staggering USD 5.70 billion mark during the prognosis period. Compared to single-axis, multi-axis is cost effective and can perform in diverse industrial platforms.
The global linear motion system market has been segmented on the basis of application, type, and lastly, region. As per application, this market has been segmented into machine tools, material handling equipment, packaging, palletizing, robotics, and others. LMS integration to application aims at accuracy. The multi-axis linear motion system segment is likely to be worth US $ 5.70 bn by 2023. According to the report, the machine tools segment is likely to be worth US $D 2.78 bn by the end of the forecast period, growing at a 7.7% CAGR. By type, the market has been segmented into single-axis linear motion system and multi-axis linear motion system.
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.
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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.
This report allows the user to gain a deeper understanding of the ongoing events and trends in the market for linear motion system. By correlating the historical data with key market dynamics, our analysts were able to make highly accurate projections in the report. MRFR’s report includes a thorough segmental analysis of the global linear motion system market segmented on the basis of type, application, and region with astute insights. This report has been prepared to assist industry participants in making informed decisions on growth strategies and operation management. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.
- Research/Consultancy Firms
- System Integrators
- Manufacturing Execution System (MES) and Manufacturing Operations Management (MOM) Players
- Original Equipment Manufacturers
- Government Organizations
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