Global Linear Motion System Market to Grow at a CAGR of 4.83% During 2024-2032, Aided by the Rapid Industrialisation

The global linear motion system industry is being driven by the rapid industrialisation. The rising demand for linear motion systems in automotive and aerospace assembly activities is supporting the market growth. Moreover, the rapid technological advancements are expected to further aid the market growth in the coming years. The growing expenditure by the leading market players in research and development activities to improve their product offering is anticipated to propel the market growth in the forecast period.

The increasing demand for efficient linear motion systems for applications in harsh environments is compelling manufacturers to launch products that can deliver optimal performance. Further, the growing focus of manufacturers to offer products with advanced features is predicted to aid the market growth. For instance, according to a press release issued by Rockwell Automation, Inc. (NYSE: ROK), dated May 2020, the company announced the launch of its new iTRAK 5730 small-frame intelligent track system, which aims to offer smart and flexible packaging solutions for the food and beverage packaging industry.   Furthermore, another leading vendor of linear motion systems, Timken Company (NYSE: TKR), announced the acquisition of Intelligent Machine Solutions (iMS), a manufacturer of robotics and automation solutions. This acquisition would help the company to expand and support its linear motion product range for large and heavy-duty applications. These developments are expected to positively impact the growth of the linear motion system industry in the forecast period.

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Market Breakup by Types, End User Industry, and Region:

• The market is divided based on type into single-axis linear motion system and multi-axis linear motion system. 
• The industry is segmented, on the basis of end user industry, into automotive, electronics and semiconductor, manufacturing, aerospace, healthcare, and others.
• Region-wise, the global market for linear motion system can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for linear motion system is being driven by increased industrialisation globally.
• The rising demand for linear motion systems in the automotive and aerospace sectors has significantly contributed to the market expansion.
• Rising investments by the leading players in the research and development of linear motion systems are also aiding the industry growth.
• Rapid technological advancements are expected to further propel the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for linear motion system for the periods (2018-2023) and (2024-2032).
• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the types, end user industries, and regions of linear motion system.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global linear motion system market are Bosch Rexroth AG, Ewellix AB, Hiwin Corporation, Thomson Industries Inc., NSK Ltd., and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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