IMARC Group, a leading market research company, has recently releases report titled “Linear Motion Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global linear motion systems market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Linear Motion Systems
Linear motion systems are automated devices designed for movement in a single direction. They come in two main types: single-axis and multi-axis, and can be either non-motorized or motorized, depending on the specific mechanism employed. These systems typically consist of a guide system that handles the load, a drive mechanism to facilitate movement, and sealing components to protect internal parts. Linear motion systems find extensive application in a range of fields, including machinery, technical platforms, and various operations such as printing, scanning, and food processing. They play a crucial role in transporting industrial payloads, offering exceptional precision, performance, and speed even in demanding environmental conditions.
How Big Is the Linear Motion Systems Market?
The global linear motion system market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.57% during 2023-2028.
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What are the growth prospects and trends in the linear motion systems industry?
The market is experiencing a positive trajectory due to the escalating demand for automation in manufacturing applications worldwide. Linear motion systems are extensively utilized in various industries, driven by the need for quality inspection, higher precision, flexibility, reliability, and improved efficiency.
Furthermore, the increasing awareness of the eco-friendly attributes of linear motion systems has bolstered their adoption across industrial sectors like automotive, packaging, and manufacturing. This adoption contributes to the reduction of carbon emissions, further fueling market growth. The integration of the Internet of Things (IoT) and machine learning (ML) on a large scale enables users to capture machine data, monitor and analyze system performance, and ensure timely maintenance and early problem detection. This integration serves as a catalyst for market expansion.
Additionally, the healthcare industry exhibits a rising demand for linear motion systems in laboratory testing applications, such as computed tomography (CT) scanners, magnetic resonance imaging (MRI), and X-ray machines, driving the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Single-Axis Linear Motion System
- Multi-Axis Linear Motion System
Breakup by Component:
- Linear Axes
- Actuators and Motors
- Linear Tables
- Linear Guides
- Linear Modules
- Controllers
- Others
Breakup by End Use Industry:
- Automotive
- Electronics and Semiconductor
- Manufacturing
- Aerospace
- Healthcare
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Bosch Rexroth AG (Robert Bosch GmbH)
- Ewellix AB
- HepcoMotion
- HIWIN Corporation
- Lintech Corporation
- Nippon Bearing Co. Ltd.
- NSK Ltd.
- Pacific Bearing Company
- Rockwell Automation Inc.
- Schneeberger Group
- THK Co. Ltd.
- Thomson Industries Inc. (Altra Industrial Motion)
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