December 8, 2024
Linear Motion System Market
Ict

Increasing Investments In Factory Automation To Stimulate Growth Of The Linear Motion System Market

The global Linear Motion System Market is estimated to be valued at US$ 10.96 Bn in 2023 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

A linear motion system consists of mechanical components which are used to provide reciprocal or linear motion such as guides and guides, linear actuators and ballscrews, belts and pulleys. It helps to provide controlled movement of various parts and components during manufacturing processes. They are extensively used across industries such as electronics, automotive, packaging, healthcare and food & beverages for automation. These systems offer high precision, speed, repeatability and durability for applications involving material handling, assembly, sorting and conveyance. Growing adoption of factory automation by manufacturers to improve productivity and reduce costs is driving the demand for linear motion systems.

Market key trends:

One of the key trends in the linear motion system market is the growing popularity of electric linear actuators. Electric linear actuators use an electric motor as the prime mover to provide controlled linear motion. They offer benefits such as high force and speed, controlled motion profiles, compact size, low maintenance and flexibility. Manufacturers are developing advanced electric linear actuators with features such as high IP protection, dust/waterproof construction for harsh environments. Also, with Industry 4.0 and IIoT gaining momentum, linear motion systems integrated with advanced sensors and connectivity solutions are gaining traction. This enables remote monitoring and predictive maintenance of motion systems. Adoption of advanced materials such as carbon fiber in guides and bearings is another trend, providing benefits such as lighter weight, higher stiffness and load capacity.

Porter’s Analysis

Threat of new entrants: The linear motion system market requires high investment costs for R&D, manufacturing facilities, and product certification. This poses barriers for new companies.

Bargaining power of buyers: Large OEM customers can negotiate lower prices due to their high purchasing power. However, the market has several options for linear motion systems, limiting buyer power.

Bargaining power of suppliers: A few major companies dominate the supply of components like ball screws and linear guides. This gives them bargaining leverage over OEMs and system integrators.

Threat of new substitutes: New motion technologies like direct drives offer substitutes but have not replaced traditional linear motion systems in most applications due to performance or cost limitations.

Competitive rivalry: Being a mature industry, the linear motion system market has many established players competing on product quality, features, and pricing. This intense competition keeps profit margins low.

Key Takeaways

The Global Linear Motion System Market Size is expected to witness high growth, exhibiting CAGR of 8.1% over the forecast period, due to increasing automation across industries. The market size for 2023 is estimated at US$ 10.96 Bn.

Regionally, Asia Pacific dominates the linear motion system market and is expected to grow the fastest during the forecast period. This can be attributed to rapid industrialization in China and India and the relocation of manufacturing facilities to these countries.

Key players operating in the linear motion system market are Hiwin Corporation, Bosch Rexroth AG, The Timken Company, Schneeberger Group, Rockwell Automation Inc., Ewellix AB, THK Co. Ltd, Thomson Industries Inc., Parker Hannifin Corporation, Nippon Bearing Co. Ltd, HepcoMotion Inc., Lintech Corporation and NSK Ltd. Hiwin Corporation and Bosch Rexroth AG hold significant share in the market.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →