Linear Motor Market Overview
This global linear motor market was marked at USD 1140.3 million in 2020, and it is anticipated to grow at a higher CAGR of 6.1% in the global market during the forecasted period to account for a higher market share value of approximately USD 2.13 Billion by the end of the forecasted 2020-2030.
For producing high force at low speeds, linear motors are used. It has similar functioning as that of torque motors but has a different structure. The former is rolled out flat whereas the latter has a crystal structure type. Using various types of motor design helps in eliminating maintenance issues, wear issues, and backlash issues that are found in the belt, ball screw, and other opinion-based and rack motion control systems.
Covid 19 Analysis of Linear Motor Market
The global pandemic of COVID 19 has affected a major chunk of the population. Many people have lost their livelihood because of this global pandemic. It has affected the dynamics and growth of several industries. During the lockdown situation, operational activities of various end-user industries were halted which resulted in a demand shrink for the linear motor market which further leads to decreased sales revenue. The supply chain networks were also disrupted which lead to a decline in profit margin.
However, the linear motor market is expected to recover from this global pandemic by the end of the third quarter of the coming year by properly strategizing according to the needs of the market.
Linear Motor Market Dynamics
Numerous factors drive the market demand for linear motors all across the globe. Application of this type of motors is increasing very rapidly in various industries like robotics, electronics, automotive, semiconductor, and many others drives the market demand in the global market during the forecasted period. Moreover, the increasing adoption of various motor types drives the market demand. Additionally, it eliminates the use of the rotation-to-translation mechanism, pulley, and belts which helps in converting rotary to linear motion. Maintenance cost is also low as fewer mechanical parts are used.
The rise in the demand for the linear motor market in the global market. Using this motor system provides fast response, zero backlashes, high precision coupled with speed provides various growth opportunities in the global market during the forecasted period. It has a wide variety of application areas like medical, electronics, and semiconductors which creates more growth opportunities during the review period.
Though the linear motors market is increasing at an incredible rate in the global market, some factors restrict its growth. High costs associated with set-up, installation, and implementation cost hampers the market growth as it is not affordable by countries of various underdeveloped regions. Maintenance cost is also high. Lack of availability in various regions hinders the market growth. Lack of awareness among people regarding varied applications of linear meters restricts the market growth to a great extent.
Value Chain Analysis
The linear motor market is increasing tremendously in the global market owing to various benefits associated with it. It does not require any mechanical contact. Its structure is very small in size and simple. It can be used in various applications and end-user industries. It has large acceleration power. It has more reliability and accuracy.
Global Linear Motor Market, USD Millions
Source: MRFR Analysis
Linear Motor Market Segmentation
The linear motor market has been segregated all across the globe based on the type, application, and region.
Based on the Type
The market has been divided all across the globe based on the type into the flat-type linear motor, u-channel linear motor, and cylindrical linear motor. The largest market share in the global market is held by the flat-type linear motor and hence it dominates in the global market. A flat-type linear motor is further sub-divided into slotted iron, slotless iron, and slotless ironless.
Based on the Application
The market has been divided all across the globe based on the application into medical, printing, robotics, machine tool, packaging, semiconductor, electronics, automotive, and others. The largest market share in the application dividend is held by the semiconductor application as it generates the largest revenue and hence it dominates in the global market during the review period.
Based on the region
The market has been divided all across the globe based on the region into the North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region.
Linear Motor Market Regional Analysis
The linear motor market has been divided all across the globe based on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region. Being the fastest-growing region, the largest market share in the linear motor market all across the globe is held by the Asia-Pacific region owing to the use of this type of motor in various applications like control and test equipment, process control, lithography, wafer, and die-level packaging, and many others. The presence of countries like Taiwan, China, South Korea, and Japan drives the market demand.
The second-largest market share in the linear motor all across the globe is held by the European region owing to the presence of well-established advanced technology infrastructure. Moreover, this region is the largest contributor to linear motor components. High per capita disposable income is another driving factor.
The third-largest market share in the linear motor market all across the globe is held by the North American region owing to the presence of various giant manufacturers which drives the demand in this region. The presence of countries like the US, Canada, and Mexico is another contributing factor that drives the market demand in this region.
The least market share is held by the Latin American region and the Middle East and African region owing to the presence of low infrastructure in both these regions. Low per capita disposable income is another contributing factor that restricts the market growth in these regions.
Linear Motor Market Competitive Landscape
The most prominent major key players in the linear motor market all across the globe are mentioned below:
- KML Linear Motion Technology GmbH (Austria)
- Kollmorgen Corporation (US)
- Sanyo Denki Co. Ltd. (Japan)
- Yaskawa Electric Corporation (Japan)
- H2W Technologies Inc. (US)
- ESR Pollmeier GmbH (Germany)
- Beckhoff Automation (Germany)
- Moog Inc. (US)
- ETEL S.A. (Switzerland)
- Aerotech Inc. (US)
- FANUC Corporation (Japan)
- Oswald Elektromotoren GmbH (Germany)
- NTI LinMot (Switzerland)
- Jenny Science AG (Switzerland)
- Sodick Co., Ltd. (Japan)
These major key players use various strategies to sustain their market position in the linear motor market in the global market by going for mergers, and acquisitions, by collaborating, establishing a partnership, developing a new production process, setting up a new joint venture, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the linear motor all across the globe.
- In November 2019, a new linear motor die-sinker EDM drive called AL400G / AL60G has been launched by Sodick Co., Ltd. This launch was successful in both precision component machining and precision molds machining.
- In April 2019, a new tubular linear motor LinX M Series has been launched by ANCA Motion that will offer resolutions of 10um up to 1200N at a peak force. It continues to support automation applications as this is the latest addition.
- All the major key players are highly investing in mergers and acquisitions, new product launches, and joint ventures.
- Kollmorgen Corporation (US) is spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company in increasing its sales volume.
This global linear motor market research report consists of the following elements mentioned below:
- Market Overview
- COVID 19 Analysis
- Market Dynamics
- Value Chain Analysis
- Market Segmentation
- Regional Analysis
- Competitive Landscape
- Recent Developments
This market research report contains factors that drive the growth of the linear motor market in the global market along with the factors that restrict its growth in the global market. The opportunities available for growth in the Linear motor market during the forecasted period are mentioned. The impact of COVID 19 on the linear motor market all across the globe is mentioned. The future growth rate in the linear motor market during the forecasted period is estimated and mentioned.
Research organizations, government agencies, consulting companies, system integrators, investment houses, industry associations and experts, OEMs, linear motor suppliers and distributors, linear motor manufacturers, and others.