Press Release
Press Release
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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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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