As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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.
Market Breakup by Types, End User Industry, and Region:
Key Findings of the Report:
Key Offerings of the Report:
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.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.