Press release
Linear Motion System Market To Develop New Growth Story |Bosch Rexroth AG, Schneeberger Group, SKF AB, Hiwin Corporation
The Global Linear Motion System Market Report provides a comprehensive research study, including accurate estimates of market growth rate for the period 2021-2025. The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include Types, applications, and competitor analysis. The report also includes a detailed study of key companies to provide insights into business strategies adopted by various players in order to sustain competition in this highly competitive environment.This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market and evaluates the possible outcome of the market during the forecast period, 2021 – 2026.
The linear motion system market is expected to register a CAGR of 5.3% over the forecast period (2020 - 2025).
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Top Key Players: Bosch Rexroth AG, Schneeberger Group, SKF AB, Hiwin Corporation, Thomson Industries Inc., Nippon Bearing Co. Ltd, NSK Ltd, HepcoMotion Inc., THK Co. Ltd, The Timken Company, Rockwell Automation Inc., Parker Hannifin Corporation, Lintech Corporation
Industry News and Updates:
- November 2019 - SCHNEEBERGER Group had announced that its recirculating units are available in sizes 1-12 and come in various lengths. According to the company, types SK and SKD (with damping elements from size 6) are suitable for small to medium loads. For medium to high loads, the best choice is the recirculating unit type SR with cross rollers. The type SKC with ceramic and Teflon balls is suitable for use in vacuum and cleanroom applications, as well as for dry runs.
- October 2019 - SKF Motion Technologies, formerly part of the SKF Group, announced that it would launch a new name and branding to reflect the changes that the company has undergone. The new business will build on its reputation as a leading development partner and manufacturer of advanced linear motion and actuation products and solutions while focusing on the current and future technical and commercial challenges faced by its customers around the world.
Key Market Trends
Automotive Segment Expected to Witness Significant Growth
- The automotive sector is expected to witness significant growth for the linear motion system market as the demand for linear motion systems is likely to increase in the coming years due to the rise in automotive sales around the globe.
- Further, due to increasing vehicle parc and growing automotive sales, there is an increase in carbon emission, thereby helping the automotive sector to become a key contributor to the greenhouse effect. Various agencies have created regulations for the development of vehicles and green technologies that are fuel-efficient, which will help to escalate the demand for linear motion products, such as roller screws and ball screws, etc.
- Linear actuators are highly used in the automotive industry. Creative Motion Control, a manufacturer of roller screw-based linear actuators and actuator components, is making linear motion systems for the automotive industry by producing high force electric actuators that can be used in a wide variety of applications.
Geographic Coverage:
The report offers an in-depth assessment of the growth and other aspects of the Linear Motion System market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Linear Motion System market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Some of the features of Linear Motion System Market Report: Trends, Forecast, and Opportunity Analysis include:
-Market size estimates: Linear Motion System market size estimation in terms of value ($M) shipment.
-Trend and forecast analysis: Market trend (2015-2020) and forecast (2021-2027) by end use industry.
-Segmentation analysis: Market size by various segments such as by product type, component, end use industry, and region.
-Regional analysis: Linear Motion System market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
-Growth opportunities: Analysis on growth opportunities in different applications and regions for head-up display in the head-up display market.
-Strategic analysis: This includes M&A, new product development, and competitive landscape in the Linear Motion System market.
-Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.
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