Press release
Linear Motion System Market is registering at a CAGR of 5.1% during the forecast period 2022-2029 | Size & Growth Report
Linear Motion System Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/linear-motion-system-market/
The factors driving the growth of the Linear Motion System Market includes growing demand for automated warehouses, expansion of the e-commerce industry, increasing application of linear motion systems in hydro and solar power systems and improvements in the living standards. Moreover, increasing use of linear motion components in the automotive manufacturing process such as handling, sorting, and material provisioning, growing adoption of advanced technologies by manufacturers and rise in the launch of innovative products, are some of the additional factors supplementing the Linear Motion System Market size in the coming years. In addition, the increasing investments by major companies on research and development, rapid urbanization, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Linear Motion System Market is hindered due to variations in the prices of raw materials.
The major players operating in the Linear Motion System Market includes Bosch Rexroth AG, SCHNEEBERGER Holding AG, Hiwin Corporation, Rockwell Automation Inc., The Timken Company, NSK Ltd., Thomson Industries, Inc., Nippon Thompson Co. Ltd., THK Co., Ltd., and Robert Bosch GmbH, and others.
Based On Type, the Multi-Axis Linear Motion System segment is predicted to grow at a significant CAGR during the forecast period
The multi-axis linear motion system provides high level of positioning and enables extremely precise machining and positioning processes with short control cycles, are some of the features pushing growth of the segment.
Based on End-Use Industry, the Automotive segment is projected to expand at a robust CAGR over the forecast period
Growing demand for linear actuators in robotic weld guns, boring and honing devices and increasing penetration of passenger vehicles, are propelling growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR during the forecast period
As per the Linear Motion System Market Forecast, increasing penetration of electric vehicles across India, China, and South Korea, rising demand for automated warehouses, rapid growth in the e-commerce industry and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Key Development
In 2021, The Timken Company, completed the acquisition of Intelligent Machine Solutions (iMS), a manufacturer of industrial robotics and automation solutions. The addition of iMS expands and complements Timken's Rollon linear motion product range with larger and heavy-duty applications, including seventh-axis robotic transfer units (RTUs) and gantry systems.
Market Segmentation
Segmentation by Type
Single-Axis Linear Motion System
Multi-Axis Linear Motion System
Segmentation by End-Use Industry
Automotive
Electronics and Semiconductor
Manufacturing
Aerospace
Healthcare
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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