DUBLIN, May 23, 2022--(BUSINESS WIRE)--The "Linear Motion System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global linear motion system market reached a value of US$ 9.51 billion in 2021. Looking forward, the market is projected to reach a value of US$ 14.29 billion by 2027, exhibiting a CAGR of 6.80% during 2022-2027.
Bosch Rexroth AG (Robert Bosch GmbH)
Nippon Bearing Co. Ltd.
Pacific Bearing Company
Rockwell Automation Inc.
THK Co. Ltd.
Thomson Industries Inc. (Altra Industrial Motion)
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
Linear motion systems refer to automatic devices that are used and built to move in one direction. They are commonly available in single-axis and multi-axis variants and can be non-motorized and motorized, depending on the mechanism. Linear motion systems consist of a guide system for handling the load, a drive that aids in moving the load, and sealing to protect the inner parts of the system. They are widely used in machines, technical platforms, and various other operations, such as printing, scanning and food processing. Linear motion systems assist in transporting industrial payloads and providing a high level of accuracy, performance, and speed in harsh environmental conditions.
The increasing demand for automation in manufacturing applications across the globe is creating a positive outlook for the market. Linear motion systems are widely used due to quality inspection requirements, higher precision, flexibility, reliability and greater efficiency.
Moreover, the rising awareness regarding the eco-friendly properties of linear motion systems have further intensified their adoption across several industrial verticals, including automotive, packaging, and manufacturing. This, in turn, assists in reducing carbon emissions, thus favoring the market growth. Apart from this, the large-scale integration of the Internet of Things (IoT) and machine learning (ML) have enabled users to capture machine data, monitor and analyze system performance, and ensure timely maintenance and early detection of problems, which is further providing an impetus to the market growth.
Additionally, the increasing product demand in the healthcare industry for lab testing applications, such as magnetic resonance imaging (MRI), computed tomography (CT) scanners and X-ray machines, is positively impacting the market growth. Other factors, including significant growth in the automotive industry and the implementation of various government initiatives for promoting advancements in the information technology (IT) infrastructure, are anticipated to drive the market toward growth.
Key Questions Answered in This Report
How has the global linear motion system market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global linear motion system market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the component?
What is the breakup of the market based on the End-use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global linear motion system market and who are the key players?
What is the degree of competition in the industry?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Linear Motion System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
7 Market Breakup by Component
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/ho6hpz
View source version on businesswire.com: https://www.businesswire.com/news/home/20220523005580/en/
Laura Wood, Senior Press Manager
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