Press release
Linear Motor Market to Hit USD 2.49 Billion Billion by 2030 | CAGR 6%
Linear Motor Market
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►Competitive Landscape Key players such as Beckhoff Automation, Siemens, and Parker Hannifin lead the linear motor market. These companies are continuously innovating to offer modular, cost-effective motor solutions. Their strategic mergers, acquisitions, and product innovations are fueling the market's growth.
Higher Demand in Asia Pacific The Asia Pacific region leads the linear motor market, contributing 36% of the market share in 2023. Countries like China, South Korea, and Japan are driving demand due to robust electronics and automotive manufacturing industries. With a rapid adoption of linear motion systems, the region is expected to continue dominating the market.
► Regional Insights
♦ United States: Consolidation Trends In the United States, key players have been consolidating their positions through strategic acquisitions to enhance their manufacturing capabilities. Companies are investing in the adoption of cutting-edge automation systems, which are expected to increase demand for linear motors.
♦ Asia Pacific: Growth and Opportunities In Asia Pacific, linear motor demand is seeing significant growth. China, a leader in electronics and automotive manufacturing, continues to drive the region's adoption of linear motors. Recent mergers and acquisitions are focused on enhancing production efficiency and product customization.
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♦ Middle East & Africa: Industry Updation In the Middle East & Africa, the linear motor market is gradually updating its industrial processes, with countries like UAE focusing on adopting advanced automation solutions. Companies are leveraging acquisitions to expand their market footprint in these regions.
♦ Europe: Growth and Expansion In Europe, the linear motor market is expected to grow at a CAGR of 5.9%. Well-established technology infrastructure, combined with high disposable income, is contributing to the region's growth. Companies in Europe are investing in developing new product lines to cater to the expanding demand in industrial automation.
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► Market Segmentation: In-Depth Analysis:
by Design
Flat-bed
U-channel
Cylindrical
There are three segments in the linear motor market: flat-bed, U-channel, and cylindrical. With a 49% market share in 2023, the cylindrical linear motor segment led the global market and is expected to do so for the foreseeable future. Because they are more affordable than screw-driven rod-type actuators, cylindrical linear motors will remain the preferred option. For rod-style thrust applications, linear motors offer quick speed and acceleration, accurate positioning, and the ability to withstand large duty cycles.
by Sales Channel
Direct OEM
Direct System integrator
Distributors
by Axis
Single-axis
Multi-axis
by Application
Electronics and Assembly
Food and Beverage
Medical and Scientific
Metrology
Flat Panel Display
Machine Tools - Metal Forming and Metal Cutting
Packaging and Labeling
Printing, Robotics
Non-industrial Application
Semiconductor
Others
Electronics and Assembly, Food and Beverage, Medical and Scientific, Machine Tools - Metal Forming and Metal Cutting, Packaging and Labeling, Robotics, Semiconductor, and Others are the segments that make up the linear motor market. With 34% of the market in 2023, the Electronics and Assembly category was the largest. The need for electronics and assembly has skyrocketed as the world moves closer to automation and smart technologies. This growing demand is being met in part by linear motors, which prolong the life of motion-control components such as lead screws. Furthermore, the need for semiconductors, which mostly rely on linear motion technology, has increased due to the automotive industry's substantial electronics applications. This has led to significant revenue streams in the electronics and manufacturing sector.
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-linear-motor-market/33915/
► Learn about the top players driving innovation in the Market :
1. Aerotech Inc.
2. Beckhoff Automation GmbH & Co. KG
3. ESR Pollmeier GmbH
4. ETEL S.A.
5. H2W Technologies Inc.
6. Jenny Science AG
7. NTI AG LinMot
8. Kollmorgen Corporation
9. Oswald Elektromotoren GmbH
10. YASKAWA Electric Corporation
11. FANUC Corporation
12. Panasonic Corporation
13. Mitsubishi Electric Corporation
14. Sanyo Denki Co. Ltd.
16. Yaskawa Electric Corporation
17. Rockwell Automation, Inc
18. Moog Inc.
19. KML Linear Motion Technology GmbH
20. BOSCH Rexroth
21. ANCA
22. Hiwin Corporation
23. PiezoMotor
24. Sumitomo Electric Industries, Ltd.
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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