ID: MRFR/SEM/4741-CR | July 2019 | Region: Global | 83 pages
Market Research Future (MRFR) predicts the Global Linear Motion Systems Market to reach USD 8.76 Billion with a CAGR of 7.8% from 2017 to 2023 (forecast period). Linear motion systems are experiencing rising demand, as more and more systems are becoming automated. Furthermore, their easy implementation in different applications allows businesses to achieve smooth and agile processing, which further decreases maintenance requirements and reduces downtime. Rapid industrialization, combined with the growing demand for digital transformation and the adoption of automated systems in different industries, are certainly key factors driving the growth of linear motion systems. Furthermore, these systems are in high demand due to their excellent performance in harsh environmental conditions in industries that further drive market development.
The market is expected to experience a small downturn in the current year as a result of the global outbreak of novel coronavirus pandemic. Manufacturing operations are at standstill due to labor shortages and work-from-home initiatives. This has had an impact on the supply of linear motion systems, further contributing to a decrease in demand from the end-use industries.
Automotive Segment Estimated to Witness Substantial Growth
The automotive industry is expected to see a substantial rise in the adoption of a linear motion system, as demand for linear motion systems is likely to increase in the near future due to an increase in automotive sales around the world. Automation in the industry is also expected to drive the adoption of technologies like linear actuators in the industry, allowing these vehicles to open and close windows, vents, and sliding doors. This mechanical element is also an integral part of the engine control and other vital parts required for a vehicle to run correctly.
Creative Motion Control, a producer of roller screw-based linear actuators and actuator parts, manufactures linear motion systems for the automotive industry by manufacturing high-power electric actuators that can be used in a wide range of applications.
In addition, NTN Canada, a manufacturing firm, recently unveiled NTN SNR linear motion solutions for its customer toolkit with the launch of Profile Ball Rails, Runner Blocks, Linear Shafting, Ball Bushings, and Linear Actuators. The linear motion technologies of the company are specifically developed for optimum output to meet the requirements of the most diverse industrial applications, including the automotive industry.
Furthermore, because of the rise in vehicle parc and the increase in car purchases, there is an increase in carbon emissions, allowing the automotive industry to become a major contributor to the greenhouse effect. A number of agencies have created regulations for the development of vehicles that are eco-friendly and fuel-efficient which will help increase demand for linear motion products, like roller screws and ball screws.
Moreover, the rapidly growing demand for energy-efficient mass transit drives has increased the adoption of hybrid and fully electric vehicles, creating a huge opportunity for linear motion systems in the automotive sector. Due to the rising adoption of automation in the automotive manufacturing process and the involvement of digitization and AI, the demand for various linear motion systems in the automotive sector is increasing.
Global Linear Motion Systems Industry has been segmented into Type and Application.
Based on type, the global linear motion systems market has been bifurcated into a single-axis linear motion system and multi-axis linear motion system.
By application, the global linear motion systems market has been segmented into packaging, machine tools, palletizing, robotics, material handling equipment, and others.
Region-wise, the Global Linear Motion Systems Market has been segmented into Asia Pacific, North America, Europe, and the rest of the world.
APAC to lead the global market
The global market was led by the Asia Pacific, with a 34.22% share in 2017. The market is likely to display a CAGR of 10.00% during the forecast period. The Asia Pacific region is expected to see substantial growth in the linear motion system market due to increased industrial activity, technological developments in linear motion systems, increased government investment in industrial automation systems, and the existence of well-established players providing a linear motion system across the region.
The region constitutes the presence of a large semiconductor industry, in addition to automotive, pharmaceutical, food & beverage, and machine manufacturing. In addition, there is a growing degree of miniaturization in various fields of application that has led to an increase in the production of various linear motion systems in the region.
The Asia Pacific is projected to record the highest growth in linear motion systems over the assessment period owing to the rapid adoption of linear actuators and other systems across the region. China dominates the region due to the growing rate of adoption of motion systems due to the massive deployment in the country’s dominating electronic and automotive manufacturing sectors. As the market is also growing at a high rate in other economies in the region, such as India, there is a great potential for market growth.
As per OICA, China was the leading country in the development of passenger cars in 2019, with about 21.4 million units being produced here. This compares to around 8.3 million units in Japan. Domestic manufacturers like SAIC, Dongfeng, Geely, Changan, and BAIC – a joint venture with Daimler – are gaining market share, and joint ventures with foreign partners have been crucial to China's growth as a manufacturer of motor vehicles, both in the passenger and truck segments, thereby boosting the market for linear motion systems.
According to the Schaeffler Gruppe, it is estimated that 110 million vehicles will be manufactured by 2025. Asia has become the hottest market for the production of passenger vehicles. In addition to the automotive sector, Japan, India, and South Korea have completed the list of the world's largest car manufacturers. Most of these countries are home to major passenger vehicle manufacturers. As the linear motion system market has customers for the automotive sector, the market is expected to expand in the region.
The Linear Motion System Market is intensely competitive due to the existence of numerous players around the world. Key manufacturers of linear motion systems are involved in introducing technological innovations to their products in order to improve their market presence. The market is concentrated with the involvement of a few linear motion system manufacturers concentrating on developing smart product variants to meet emerging end-user requirements.
November 2019-SCHNEEBERGER Group has announced that its recirculating units are available in sizes 1-12 and come in different lengths. As per the company, types SK and SKD (with damping elements from size 6) are suitable for small to medium loads. The recirculating unit type SR with cross rollers is the best option for medium to high loads. The type SKC with ceramic and Teflon balls is ideal for use in vacuum and cleanroom applications as well as in dry applications.
This research report estimates revenue growth at global, regional, and country levels and gives an insight into the each of the sub-sectors from 2017 to 2023. For the purpose of this study, MRFR has segmented the global power tools market report by type, application, and region.
|Market Size||USD 8.76 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Application, Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Bosch Rexroth AG (Germany), Thomson Industries Inc. (the US), Rollon SpA (Italy), Schneeberger AG (Switzerland), Nippon Bearing Co. Ltd (Japan), SKF AB (Sweden), Hepco Motion (England), Schneider Electric Motion USA (US), Bishop-Wisecarver (US), Lintech (US)|
|Key Market Opportunities||The rapidly growing demand for energy-efficient mass transit drives has increased the adoption of hybrid and fully electric vehicles.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The type and application segments are created in the overall market to give better insight into the growth trends of the market.
The APAC region is anticipated to lead the market owing to the incremental revenue level in the national market of China.
SKF AB, Bosch Rexroth AG, Nippon Bearing Co., Ltd., Rollon S.p.A., Thomson Industries, Inc., Schneeberger AG, and Schneider Electric Motion USA are some of the competitors in the market.
The income inflow in the market is anticipated to reach USD 8.76 billion by 2023.
A 7.8% CAGR is expected to give the market impetus for growth in the coming years.
The benefits of low maintenance cost and cost-effectiveness are expected to define the expansion of the market in the coming period.
The issue of product variance is anticipated to motivate the market intensively in the coming period.
Global Linear Motion Systems- Summary
The global linear motion systems market is expected to touch a whopping USD 8.76 billion mark at a staggering CAGR of 7.8% during the assessment period (2017-2023), reports Market Research Future (MRFR). Various technological advents across the industrial spectrum have given rise to the need for a linear motion system (LMS) to enhance the operational process by having a continuous transfer of products.
With industrialization on the rise and people having more disposable income in their hand than before, segments such as automotive, food & beverage, packaging, healthcare, manufacturing, and others are getting an unprecedented boost. Seamless processing, agility, efficiency in handling shock load condition, and safeguarding against contamination and moisture have made it the foremost procedure for several industrial verticals.
Automotive industry demands an operational technology which can deliver round-the-clock service of the highest level of accuracy without any variance. LMS fits the bill perfectly. Furthermore, advantages such as low maintenance cost and cost-effective production capability have helped it emerge as peerless industrial technology. Its compact size and load capacity help it attain versatility where it gets involved in productions of specialized vehicles such as ambulance, professional vehicles, fire trucks, telescoping trailers, and vehicles for disabled people.
However, lack of product variance can impede the growth rate during the forecast period. Market competitors are offering LMS at an affordable price, but the option remains very limited for the consumers.
Minimal errors and accurate positioning of equipment have made LMS a market rage in the healthcare sector. Its easy maintenance has been accepted widely across verticals. Features accounting for its high demand are hygiene standards, high performance, and durability of devices.
The market leaders are trying to customize it according to the needs of the industry. Thomson Industries, Inc., has recently introduced T-Cas Linear Race Shafting that provides various benefits to automation manufacturers and can be considered exemplary.
LMS is currently penetrating other markets such as wastewater management, shale gas exploration, and aerospace & defense. An exponential rise in the use of LMS can be seen in these sectors.
The global market of LMS can be segmented based on type and application.
Type-wise segmentation includes single-axis linear motion system and multi-axis linear motion system. Multi-axis linear motion system is leading the market and expects to grow at a rapid CAGR of 8.5% to reach a staggering USD 5.70 billion mark during the prognosis period. Compared to single-axis, multi-axis is cost effective and can perform in diverse industrial platforms.
Application-based segmentation comprises packaging, machine tools, palletizing, robotics, material handling equipment and others. Machine tools dominate the market and are expected to do so during the assessment period with the fastest CAGR of 7.7%. The segment stands out owing to its requirement of high accuracy control. LMS also betters the efficiency of machine tools by implementing innovations and solutions. In doing so, LMS has become the favorite of the machine tools segment.
Region-wise the global LMS market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
APAC dominates the market and generates the maximum market revenue. China leads the region by making USD 807.4 million in 2017 and is projected to grow with an impressive 11.1% CAGR during the forecast period. Japan and India follow the line. The presence of major sectors has boosted the semiconductor demand in the region owing to which the market is witnessing such growth.
North America has a strong base of technologically developed industries. The U.S. was accounted for the largest market share in 2017 fetching revenue of USD 829.5 million and likely to grow at the fastest CAGR of 4.9% during the forecast period.
The key players profiled in the report are Bosch Rexroth AG, Rollon S.p.A., Schneeberger AG, SKF AB, Thomson Industries, Inc., Schneider Electric Motion USA, Nippon Bearing Co., Ltd., Bishop-Wisecarver, Hepco Motion, and Lintech.
High demand from automotive industry is driving the linear motion systems market
The growth of the market vendors is predominantly dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on improving services and expanding geographically. Thomson Industries, Inc., Bosch Rexroth AG, Schneider Electric Motion USA, SKF AB, and Nippon Bearing are the major companies in the market, which compete in terms of customization, quality, price, and technology. They primarily focus on the development of improved quality linear motion systems. Although the international players are dominating the market, regional and foreign players with small market shares also have a prominent presence here. The major players may strengthen their presence worldwide through acquisitions during the forecast period. Our projections believe that improvement of the global economic scenario combined with technological advancement in the emerging economies is expected to fuel the market growth, making it an ideal time to launch advance linear motion systems and increase the global market share.
Thomson Industries, Inc.is one of the prominent players in the linear motion systems market, holding 18% share. Recently, it has presented the latest addition to the Thomson shafting product line, T-Case™LinearRace® Shafting. The company has also donated a high-precision ball screw assembly to The Geek Group National Science Institute to help in developing revolutionary designs of Tesla Coils (TC).
Bosch Rexroth AG holds a share of 15% as of 2016. It is strengthening its business in Africa by expanding its industrial technology portfolio on the continent.. Bosch opened a new Research and Technology Center (RTC) in Sunnyvale California to strengthen the German automotive supplier group’s ties with the regional high-tech industry.
Schneider Electric Motion USA holds a share of 14% as of 2016. The company announced the release of Lexium MDrive® (LMD) Linear Actuators that deliver clean, quiet linear motion to a wide range of applications from medical to packaging.
The vendors with better technical and financial resources can develop innovative products that render the competitors' products obsolete and non-competitive even before they are launched, or their costs are recovered. Therefore, vendors have to develop new technologies and stay abreast of the emerging technologies that could affect the continuing competitiveness of their product lines in the market. The competitive environment in the market is likely to intensify further due to rapid industrialization, technological innovations, and partnerships & acquisition.