Linear Motion Systems Market Research Report - Global Forecast till 2027

Linear Motion Systems Market Research Report: Information By Application (Packaging, Machine Tools, Palletizing, Robotics, Material Handling Equipment and others) By Type (Single-Axis Linear Motion System and Multi-Axis Linear Motion System) - Forecast till 2027

ID: MRFR/SEM/4741-CR | July 2019 | Region: Global | 83 pages         

Linear Motion Systems Market

The Linear Motion Systems Market is expected to grow at USD 8,769.7 million by 2023, at 7.8% of CAGR by 2023.

Segmentation

By Industry Automotive Aerospace Medical and pharmaceutical Food and beverages Semiconductor & Electronics Machine tools
By Type Single-Axis Linear Motion System Multi-Axis Linear Motion System

Key Players

  • Bosch Rexroth AG (Germany)
  • Rollon Spa (Italy)
  • Thomas Industries
  • Schneeberger AG (Switzerland)
  • SKF AB (Sweden)
  • Nippon Bearing Co. Ltd (Japan)
  • Schneider Electric Motion USA (US)
  • Hepco Motion (England)
  • Lintech (US)
  • Bishop-Wisecarver (US)

Drivers

  • Rapid industrialization.
  • The growing demand for digital transformation.
  • The adoption of automated systems in different industries.
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Linear Motion Systems Market Overview:
According to the Linear Motion Systems Market Report, the Linear Motion Systems Market is projected to exhibit a CAGR of 7.8% during the forecast period. The market is expected to reach a revenue USD 8,769.7 million by 2023. 


Based on the Linear Motion Systems Market Research- the more systems are becoming automated; the more is rising the demand for linear motion system. It allows easy implementation and helps business achieve agile and smooth processing. Also, these features eventually reduce the maintenance cost and downtime in any business. The rapid growth of digital transformation and industrialisation together is the driving force behind the growth of Linear Motion Systems Market Trends. Additionally, these systems are capable of providing high quality performance in harsh environments as well, which further fuels its popularity across industries and growth of the market. 


Linear Motion Systems Market Covid-19 impact Analysis:
The market is going through a difficult time due to the outbreak of the covid-19 pandemic all across the world. Because of extensive restrictions and lockdowns, various manufacturing industries are facing work standstill or labour shortage type of problems. The work from home culture has reduced the necessity of employee management and also reflected on the demand of the Linear Motion Systemsin various end-user industries. Additionally, with the market already in a recovering stage, the scope of growth for the Linear Motion Systems Market will definitely be on a higher scale.


Market Dynamics:
The linear motion is the major catalyst regarding the transformation of the modern manufacturing environment. This is due to various advantages- for instance, high efficiency and increased product lifecycle, which is why it is deployed across several industries. On the other hand, the digital linear motion technology provides shorter time-to-market, maximum productivity, improved configurations and other benefits too which help it in achieving the highest rise.


The multi-axis linear motion systems allows two linear-direction movement at least, which makes it very useful for different applications at once. It also offers repeat accuracy, high positioning and right motion dynamics which only contributes in its rising popularity in the market. For these features, multi-axis linear motion system is expected to grow significantly during the forecast period.


The rise in the car purchase is contributing to the greenhouse effect through the increasing carbon emission. Therefore, the automotive industry has became a great source of environmental damage. However, many automotive firms have opted for the development of fuel- efficient and eco friendly vehicles which will only increase the demand of linear motion 


system products like ball screws and roller screws.


Drivers:
The rise and high adoption of the automotive industry is likely to be the main driving force behind the growth of the Linear Motion Systems Market Size. Additionally, automation industry is also expected to play a vital role in the growth of the market through its high adoption of linear motion system. Therefore, the primary two factors behind which are hoping to drive the market for Linear motion system are: 


The ever-growing need for higher accuracy in various industrial processes across the globe 


The steep growth in demand for linear motion systems the automotive industry


Opportunities:
The rapid growth in demand for energy-efficient and eco-friendly vehicles will create huge opportunities in the automotive sector for LMS. 


Restraints
The one constraint which might impact the growth process for linear motion system market is the lacking of product differentiation. 


Linear Motion Systems Market Segment Overview:
The global market of linear motion system is categorized into three segments-


  • Industry

  • Type

  • Region


By Industry:
Based on industry, the global linear system market is subcategorised into-


  • Automotive

  • Aerospace

  • Medical and pharmaceutical

  • Food and beverages

  • Semiconductor & Electronics

  • Machine tools

  • Others (Pulp, Paper and Textile)


An important point to note that machine tools segment, which has previously led the market with biggest revenue, will continue to do so during the forecast period as well.


By Type:
Based on Types of linear motion systems, the global market is subcategorised into-


  • Single-axis linear motion system

  • Multi-axis linear motion system


One important thing to note in this aspect is the fact that the multi-axis linear motion system had already clocked highest revenue earlier and the trend is not going to change. Therefore, it will remain in the driver’s seat as far as the market share is concerned.


By Region:
Based on region, the global linear system market is subcategorised into-


  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World


Linear Motion Systems Market Regional Analysis:
The regional market is segregated into several divisions such as Asia-Pacific, Europe, Middle-East, Africa, and North America. The primary factor behind the growth of the markets is anticipated to be the preference of electric and hybrid vehicles. Additionally, Businesses based on manufacturing are also expected to grow because of automation.


In the global market, Asia-Pacific is the leading region with highest Linear Motion Systems Market Share.The region had a share of 34.22% of the entire market in2017. This regional market is expected to grow at a CAGR of 10% during the assessment period. The huge growth of this region is due to its increased adoption of advanced technologies, development industry activity, and investment in the automotive industry. Also, it has some major key players in the market. 


China is the dominant region of Asia-Pacific due to its adoption rate of motion systems for massive deployment in the Chinese automotive and electronic manufacturing sectors. With the region growing at a high rate, India and Japan also has potential for tremendous growth. 


Linear Motion Systems Market Competitive Landscape:
According to the Linear Motion Systems Market Analysis,the presence of many well-established players has made the completion intense in the Linear Motion Systems Market.The vendors and manufacturers are introducing and involving new and traditional technological innovations to improve the market presence of their products. The market has very few key players who concentrate on developing the ultimate need in the linear motion system. 


Linear Motion Systems Market Major Key Players:


  • Bosch Rexroth AG (Germany)

  • Rollon Spa (Italy)

  • Thomas Industries

  • Schneeberger AG (Switzerland)

  • SKF AB (Sweden)

  • Nippon Bearing Co. Ltd (Japan)

  • Schneider Electric Motion USA (US)

  • Hepco Motion (England)

  • Lintech (US)

  • Bishop-Wisecarver (US)


Recent Development:
2019- manufacturing firm NTN Canada revealed their linear motion for their customer toolkit. They launched it with Profile Ball Ralls, Linear Shafting, Runner Blocks, Linear Actuators, And Ball Bushing. The NTN Canada launched linear motion system solution has been developed specifically to meet the diverse and ultimate requirements across various industries, including the automotive industry. 


2019- SCHNEEBERGER Group announced the availability of recirculating units in different lengths and sizes 1-12. According to the firm, the SK and SKD types are most appropriate for small to medium pressure, and the SR type of recirculating unit is most suitable for medium to high loads.


2018- Rollon is popular in the field of Linear motion solutions, had strengthened the business units with the inauguration of a new division Arcore (MB), in Italy and by means of opening a brand new factory in Germany.


Report Overview:
This report consists of several segments and analyses from different perspectives-


  • Market overview

  • Impact of covid-19

  • Market dynamics

  • Drivers

  • Opportunities

  • Segment overview

  • Regional analysis

  • Competitive landscape



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 8.76 Billion
  CAGR   7.8%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  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

  • Rapid industrialization.
  • The growing demand for digital transformation.
  • The adoption of automated systems in different industries.


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    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 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.

    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.