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Global Linear Motion System Market to Grow at a CAGR of 4.83% During 2021-2026, Aided by the Rapid Industrialisation

According to a new report by EMR titled, ‘Global Linear Motion System Market Report and Forecast 2021-2026’, the market attained a value of around USD 3.45 billion in 2020. It is expected to witness a healthy growth in the forecast period, growing at a CAGR of 4.83% between 2021 and 2026 to reach USD 4.57 billion by 2026.

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:

  • 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 (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) 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.

About Us:

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.

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*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.

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