Linear Motion Market is expected to reach $5.7 billion, growing at a CAGR of 5.3% between 2021-2031

Linear Motion market is expected to reach $5.7 bn by 2031, growing at a CAGR of 5.3% between 2021-2031.

Linear motion is a subset of motion control that includes linear motors, linear actuators, and linear rolling guides and bearings, among other things.

Traditional linear motors are essentially a rolled-out and flattened permanent magnet rotary motor. When the motor's stationary part is powered, the moving part, which contains some form of conductive substance, moves.

The advantages of linear motors include high speeds and quick response times, great precision and stiffness, and the removal of backlash due to the lack of mechanical transmission components.

Linear motors, on the other hand, can be more expensive than other standard alternatives. They also want more responsiveness from controllers, such as faster bandwidth and update rates. Linear motors are also not capable of producing as much force as other solutions, such as ball screws. Another concern could be heating caused by I2R losses, which would necessitate additional cooling considerations.

The key driver driving the market's growth is rising industrialization, which is linked with the demand for digital transformation and the use of automated systems in numerous industries. Furthermore, due to their better performance in adverse environmental conditions in industries, these systems are in high demand.

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Covid-19 Impact Analysis:

Due to the global spread of the covid-19 epidemic, the market is undergoing a challenging period. Various manufacturing businesses are experiencing work stoppages or labor shortages as a result of heavy restrictions and lockdowns. The work-from-home culture has reduced the need for staff management, which has had an impact on the demand for Linear Motion Systems across a variety of end-user sectors. Furthermore, with the market now in a recovery phase, the Linear Motion Systems Market's scope of expansion will undoubtedly be expanded.

Key Trends and Drivers:

- The automotive industry's rapid growth and widespread usage is expected to be the primary driver of the Linear Motion Systems Market Size. The automation industry, with its high adoption of linear motion systems, is also likely to play a key role in the market's growth.
- LMS will benefit greatly from the fast development in demand for energy-efficient and environmentally friendly vehicles in the automotive sector.
- Machine components, such as linear motion goods, are being shaped by the industrial automation with integrated technologies, such as IIoT and IoT implications, for data collecting. Capturing machine data provides for system performance monitoring and analysis, as well as early discovery of any faults.
- The growing demand for automation in manufacturing applications around the world is boosting the market's prospects. Due to quality inspection requirements, increased precision, adaptability, reliability, and efficiency, linear motion systems are widely used.

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Restraints and Challenges:

There are several factors that can hinder the growth of linear motors, including cost, complexity, and maintenance. Additionally, linear motors can be less efficient than other types of motors, which can make them less attractive to potential users.

Segmentation:

- By Industry:
Aerospace
Automotive
Medical and Pharmaceutical
Machining Tools
Semiconductor & Electronics
Food & Beverages

- By Component:
Actuators
Ball Screws
Linear Guides
Linear Motors

- By Type:
Single-axis linear motion system
Multi-axis linear motion system

Key Companies:

- Nippon Thompson Co., Ltd.
- Altra Industrial
- Timken Company
- Bosch Rexroth AG
- Thomson Industries Inc.
- Lintech
- Bishop-Wisecarver
- Schneeberger AG
- Rollon Spa
- Ewellix AB
- HepcoMotion
- Hiwin Technologies Corporation

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This release was published on openPR.