Linear Motion System Market

GMI Research analysis indicates that the Linear Motion System Market is slated to register a CAGR of 5.1% over the forecast period, till 2029.

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Key Drivers

The rapid industrialization, rising need for automation, and growing demand for miniaturization of electronic devices in the semiconductor industry are some of the major factors expected to drive the growth of the linear motion system market size over the forecast period. In addition, increasing application of linear motion components in the automotive manufacturing process that include production line transport, handling, sorting, and material provisioning for precision movement and high repeatability is further supporting the market growth. Moreover, increasing use of linear motion system components for automation of the processes including cutting, grinding, shearing, and deformation of metals with high reliability and low maintenance solution in various industries that includes aerospace, healthcare, and manufacturing among others is expected to support the market growth.

Restraint in the Linear Motion System Market

However, high cost associated with the installation of linear motion system for small scale production companies is expected to restraint the growth of the market over the forecast period. Additionally, the lack of a skilled workforce for handling operation in automation technology may further hamper the growth of the global linear motion system market size.

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Type – Segment Analysis

Based on the type, the multi-axis linear motion system is expected to grow at a high rate over the forecast period owing to the advantage of at least two linear directions of movement at the same time coupled with high positioning, repeat accuracy, and right motion dynamics. For instance, Sigma 5 Axis Fiber Laser Cutting System by Miyachi Unitek Corporation, features two axis rotary assembly, high speed, high precision, and position-based firing laser power control and used in cutting thin metals with unique cut paths, non-symmetrical features, compound angles, and internal cut radii of less than 50 microns.

End-Use Industry – Segment Analysis

Based on the end-use industry, automotive is expected to hold a notable share in the market during the forecast period primarily due to the growing adoption of automation in the automotive manufacturing process and the increasing demand for linear actuators for several applications including robotic weld guns, boring and honing devices, and in assembly lines. Moreover, growing sales of passenger cars and increasing demand for electric vehicles is further promoting the market growth. According to OICA, around 53.59 million passenger cars were sold across the world in 2020 and according to the International Energy Agency (IEA), in 2019, electric cars registered 2.1 million sales globally with 40% year-on-year increase.

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Regional – Segment Analysis:

Asia-Pacific is projected to hold a notable market share over the forecast period primarily due to the growing industries including automotive, manufacturing, electronics, and healthcare in India, China, Japan, and South Korea. In addition, presence of leading companies including Hiwin Corporation, Nippon Thompson Co. Ltd., and THK Co., Ltd is further contributing to the growth of the market during the forecast period.

Top Market Players

Several leading Linear Motion System companies operating in the market, include, Rockwell Automation Inc., The Timken Company, Bosch Rexroth AG, SCHNEEBERGER Holding AG, Hiwin Corporation, Thomson Industries, Inc., Nippon Thompson Co. Ltd., THK Co., Ltd., NSK Ltd., and Robert Bosch GmbH, and others. 

Key Developments: 

• • In 2021, The Timken Company, one of the leading manufacturers of engineered bearings and power transmission products acquired 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.

Segments covered in the Report:

The global Linear Motion System market has been segmented on the basis of type, end-use industry, and key regions. Based on the type, the market is segmented into single-axis linear motion system and multi-axis linear motion system. Based on the end-use industry, the market is segmented into automotive, electronics and semiconductor, manufacturing, aerospace, healthcare, and others. 

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Key questions answered in this research report:

• • At what pace is global Linear Motion Systems market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Linear Motion System Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Linear Motion System Market?
  • Which type generated maximum revenues in 2021 and identify the most promising type during the forecast period?
  • What are the various end-use industries of global Linear Motion System Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?