DUBLIN--(BUSINESS WIRE)--The "Linear Motion Systems Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global linear motion system market is anticipated to grow at a CAGR of 5.11% from a market size of USD6.880 billion in 2019 to reach a market size of USD9.278 billion by the end of 2025.
The market is projected to grow during the forecast period owing to its applications across varied end-user industry verticals. For achieving high-precision motion control of machine tools and other production machinery, design engineers require linear motion systems along with integrated features that include sealing, lubrication, measuring, and braking. The companies adopting strategies such as acquisition are contributing to driving the market growth during the forecast period.
Furthermore, with innovations, companies are manufacturing different linear motion systems and improving their product portfolio, offering innovative products that fulfill the end-use customer needs. The main components of linear motion systems are categorized into one of the three segments that include actuators, linear bearings, and control systems. Common type of actuators available in market include ball screws, lead screws, screw jacks, linear slides/stages/tables, electromechanical actuators, rodless cylinders, rodless mechanical actuators, short stroke actuators, and magnetorestrictive actuators. Popular linear bearings include plain, linear rolling bushings, and linear rolling guides.
Plain linear bearings and bushings include sliding-contact bearings. The control systems provide continuous monitoring of motor and system position. Furthermore, with growing automation, the market is projected to hold strong growth prospects during the forecast period.
On the basis of geography, North America is projected to hold a significant market share in the global linear motion system market. On the other hand, the Asia Pacific region is predicted to hold high market growth prospects during the course of the forecast period. The growing construction activities in the region is fueling the market demand in the region.
COVID-19 impact on the linear motion system market: The market is projected to experience a slight decline in the current year due to the global outbreak of novel coronavirus pandemic. The manufacturing operations are at a halt due to labour shortages, and work-from-home initiatives. This has impacted the supply of linear motion systems, further leading to a decline in demand from the end-use industries.
Significant strategies in the form of acquisitions are adopted by the companies, these are contributing to surging the market growth during the course of the forecast period.
The world is facing a shortage of skilled labours, this is due to the rise in global aging and expansion of the economies. Hence, to tackle this situation, automation is encouraging manufacturers keep their production strong and supply goods in order to fulfill the customer demands. To keep up with the current pace, companies are adopting acquisition strategy in order to expand their product sales round the world.
Key Topics Covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.5. Industry Value Chain Analysis
5. Linear Motion System Market Analysis, by Component
5.2. Linear Guides
5.3. Ball Screws
5.4. Rodless Actuators
5.5. Rod-Style Actuators
5.6. Linear Tables
6. Linear Motion System Market Analysis, by Industry
6.3. Semiconductor & Electronics
6.6. Machine Tools
7. Linear Motion System Market Analysis, by Geography
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. THK Co., Ltd.
9.2. NSK Ltd.
9.3. Hiwin Corporation
9.4. Nippon Thompson Co.,Ltd.
9.5. Bosch Rexroth AG
9.6. Schaeffler AG
9.7. Rockwell Automation, Inc.
9.8. The Timken Company
9.10. SCHNEEBERGER Holding AG
For more information about this report visit https://www.researchandmarkets.com/r/qf0m2j