by Linear motion systems are used for high-precision, continuous positioning or repetitive motion applications in various industries such as manufacturing, automotive, semiconductor, food and beverages, and aerospace & defense. Linear motion systems include components such as linear guides, linear actuators, linear motors, ball & roller screws, and motion controllers. Industry 4.0 adoption in manufacturing sector signifies increased automation through integration of advanced technologies such as robotics, IoT, AI, and machine learning. This will fuel the demand for linear motion systems to enable automation in manufacturing processes. The manufacturing industry globally is inclined towards automation to enhance productivity and reduce production costs. Linear motion systems play a vital role in automated guided vehicles, robot arms, conveyor systems, and CNC machines deployed in smart factories.
The global Linear Motion System Market is estimated to be valued at US$ 10.96 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The linear motion system market is primarily driven by growing adoption of Industry 4.0 in the manufacturing sector. Industry 4.0 promotes digitization and integration of advanced technologies in manufacturing processes to enhance efficiency. This increases demand for linear motion systems as core components of automated equipment used in smart factories. Linear motion systems enable precision motion control critical for robotics, pick-and-place machines, automated assembly lines, and packaging equipment deployed under the Industry 4.0 framework. Furthermore, the onset of concepts like mobile robots, autonomous vehicles and drones also augment the installation of linear motion systems in various applications. Growing automation needs across industries will continue driving demand for linear guides, actuators, and other linear motion system products over the forecast period.
Segment Analysis
The linear motion system market can be segmented by product type, end use industry, and geography. By product type, the market is classified into rail guides, linear motors, ball screw actuation, linear bearings, linear encoders, and by end use industry, the market is bifurcated into manufacturing, electronics, construction, food & beverages, chemicals, transportation, agriculture, healthcare, logistics, automotive and others. Under the rail guides segment, the profile rail guides sub-segment currently dominates the market as they are cheaper and better suited for high speed applications.
PEST Analysis
Political: Industry is positively impacted by government policies promoting industrialization and manufacturing sector growth. Economic: Growth in end use industries such as automotive, manufacturing are driving demand. Social: Rising living standards and disposable incomes are increasing demand for industrial equipment. Technological: Advancements in bearings, sensors and motor technologies are helping improve efficiency, durability and accuracy of linear motion systems.
Key Takeaways
The global Linear Motion System Market Growth is expected to witness high growth over the forecast period of 2023-2030 driven by growing demand from end use industries.
Regional analysis:
The Asia Pacific region currently dominates the market and is expected to maintain its leading position over the forecast period.
Key players operating in the linear motion system market are PPG Industries, Akzo Nobel N.V., Sherwin-Williams Company, BASF SE, The Dow Chemical Company, Arkema Group, RPM International Inc., Nippon Paint Holdings Co., Ltd., Axalta Coating Systems Ltd., Asian Paints Limited, Kansai Paint Co., Ltd., Jotun Group, Sika AG, Hempel A/S, Benjamin Moore & Co..
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
