Linear Motion System Market: Current Analysis and Forecast (2022-2028)
Emphasis on System Type (Single Axis, and Multi Axis); Component Type (Linear Guides, Acutators, Ball Screws, and Linear Motors); End-User Industry (Automotive, Electronic and Semiconductor, Manufacturing, Aerospace, Healthcare, Packaging, and Others); Region/Country.
Global Linear Motion System Market is expected to grow at a significant rate of around 5% during the forecast period. A system that permits free travel in a single direction is the Linear Motion System. The system handles and moves loads while also acting as a seal to safeguard the internal workings of the mechanical system. To suit a wide range of manufacturing needs while keeping a high level of precision and speed, it contains a wide range of components and controllers. It is extensively used in the shipping and packing of goods in a variety of sectors, including semiconductors, food & drink, automotive, and others. The increasing demand for the linear motion system in the automotive industry, in response to the advancement in manufacturing technologies, is the major factor contributing to driving the growth of the market. In addition, the rising need for the miniaturization of electronic devices in the semiconductor sector is another factor propelling the market growth.
Bosch Rexroth AG, SCHNEEBERGER Group, Ewellix, Hiwin Corporation, Thomson Industries Inc, Nippon Bearing Co. Ltd, NSK Ltd, HepcoMotion, THK Co. Ltd and The Timken Company are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst end-users, automotive category to witness higher CAGR during the forecast period”
Based on end-user industry, the linear motion system market has been classified into automotive, electronics and semiconductors, manufacturing, aerospace, healthcare, packaging, and others. To automate performance, lead screws and other linear motion components—such as electronic linear actuators—are used more commonly in automobile applications. Because they provide precise movement and high repeatability, linear motion systems are essential in the manufacturing processes used in the car industry. Transport, positioning, handling, sorting, and material provisioning on the production line are examples of general uses. In addition, the adoption of technology like linear actuators, which allow vehicles to open and close vents, windows, and sliding doors, is anticipated to be sped up by automation in the sector.
“Amongst system, the single axis to hold a significant share in the market in 2020”
Based on system type, the market is segmented into single axis and multi axis. The single axis segment is expected to hold a significant share in the market. The vendors in the market are focusing on manufacturing sophisticated motion control solutions according to the requirements of automation designers. For instance, in September 2020, Haydon Kerk Pittman launched the MiniSlide MSA series of linear actuators predesigned to offer single-axis linear motion. In addition, the product is designed to provide a compact and low profile, with a stable platform and two motor options, such as a 20 mm, 19000 series can-stack linear actuator and a 21mm, size eight hybrid linear actuator. Further, the incremental advancement in technology, coupled with a sustained increase in the development of manufacturing facilities, is driving the automation of material or product handling. This is driving the need for various single-axis motion linear systems.
“Europe to grow with high CAGR during the forecast period”
Europe is expected to grow at a substantial CAGR rate during the forecast period. The largest makers of automobiles worldwide are found in the European Union. The industry stands for the largest private investment in research and development. The European Commission encourages international technical harmonization and provides funding for research and development efforts to increase competition in the automobile sector and maintain its technological leadership.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
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Table of Contents
Research Methodology for the Linear Motion System Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global linear motion system market were the three major steps undertaken to create and analyze the adoption of linear motion systems in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global linear motion system market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the linear motion system market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the linear motion system market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as ingredient, product, end-user, and distribution. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the linear motion system market. Further, we conducted factor analysis using dependent and independent variables such as various ingredient, product, end-user, and distribution of linear motion system. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the linear motion system market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global linear motion system market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the linear motion system market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global linear motion system market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global linear motion system market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, application, disease, and distribution channel in the global linear motion system market.
The main objective of the Global Linear Motion System Market Study
The current & future market trends of the global linear motion system market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the linear motion system market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of system type, component type, and end-user industry.
- Define and analysis of the regulatory framework for the linear motion system industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the linear motion system market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the linear motion system market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry
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