Mar 27, 2019   SOURCE: BusinessWire

Global Linear Motion System (Single & Multiprocess) Market Forecast to 2024: Rising Mergers & Acquisitions Regarding Linear Motion Technology Products - ResearchAndMarkets.com

The "Linear Motion System Market by Type (Single Process Systems, Multiprocess Systems), Industry (Medical, Semiconductor & Electronics, Aerospace, Food & Beverages, Machining Tools, Automotive), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The linear motion system market was valued at USD 12.1 billion in 2018 and is expected to reach USD 17.0 billion by 2024, at a CAGR of 5.9% during the forecast period.

The drivers of the linear motion system market include the increasing need for quality inspection and automation, reduced time-to-market, and growing demand for miniaturization of electronic devices in the semiconductor industry. Rising acquisitions and partnerships on linear motion technology products, growing investments in industrial automation and robotics, and government initiatives to support industrial automation are key opportunities for players in the linear motion system market. However, the high initial cost of installation for low-volume production is the key restraining factor for market growth.

Market for multiprocess linear motion system expected to grow at a higher rate during forecast period

The market for multiprocess systems is expected to grow at a higher rate during the forecast period, as these systems offer high reliability and high processing speed for multiple tasks in product manufacturing. Additionally, these systems reduce cost, increase performance, and shrink machine footprints while simplifying network connectivity. Owing to these benefits, multiprocess systems have attained higher market growth during the forecast period. Owing to the increased demand for multitask automation processes in various industrial applications, such as packaging, pick and place, assembly, and others.

Linear motion system market for the medical industry to account for major share of linear motion system market during forecast period

In the medical industry, medical devices often employ linear motion components and motors to assist in the movement and positioning of medicine manufacturing machines. Accurate and repeatable positioning of lenses is crucial for medical devices in everything from CT scanners and blood-testing equipment to milling machines. Moreover, linear motion systems used as medical equipment have a high level of hygiene; the machines' performance level must be accurate and stable to ensure reliable results. Hence, these factors drive the linear motion system market for the medical industry.

APAC to hold the largest size of linear motion system market during forecast period

APAC is expected to provide ample growth opportunities for the linear motion system market as it is considered as a major manufacturing hub for most industries. China has been a potential market for all emerging technologies, including linear motion systems. Its massive manufacturing industries have contributed to the growth and prosperity of the country. High growth observed in machine tool production and other sectors related to the production of electronic products and automobiles, which includes electronics assembly, semiconductor machinery, and customized robots for different applications are some of the reasons for the growth of the linear motion system market in APAC.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Linear Motion System Market

4.2 Linear Motion System Market, By Type, 2018-2024

4.3 Market, By Industry, 2018-2024

4.4 Linear Motion System Market, By Region, 2018-2024

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increasing Need for Quality Inspection and Automation

5.2.1.2 Reduce Time-To-Market

5.2.1.3 Growing Demand for Miniaturization of Electronic Devices in Semiconductor Industry

5.2.2 Restraints

5.2.2.1 High Cost of Installation for Low-Volume Production

5.2.3 Opportunities

5.2.3.1 Rising Mergers & Acquisitions Regarding Linear Motion Technology Products

5.2.3.2 Growing Investments in Industrial Automation and Robotics

5.2.3.3 Government Initiatives to Support Industrial Automation

5.2.4 Challenges

5.2.4.1 Lack of Skilled Manpower to Handle Complex Processes in Automation Field

5.3 Value Chain Analysis: Linear Motion System Market

6 Linear Motion System Market, By Type

6.1 Introduction

6.2 Single Process Systems

6.2.1 Single Process Systems Provide Simple Installation for A Particular Task, Thereby Lowering the Cost of Installation

6.3 Multiprocess Systems

6.3.1 Multiprocess Systems are Preferred More Than Single Process Systems in Various Industries to Minimize the Process Time and Cost

7 Linear Motion System Market, By Industry

7.1 Introduction

7.2 Medical

7.2.1 Medical Poses Largest Share of Linear Motion System Market

7.3 Semiconductor & Electronics

7.3.1 Constantly Changing Application Requirements Utilizes Linear Motion Systems for Constantly Changing Application Requirements

7.4 Aerospace

7.4.1 Aerospace Industry Use Linear Motion Systems to Deliver High-Quality High-Performance Products With Zero Failure Rate

7.5 Food & Beverages

7.5.1 Food & Beverage Companies Compete With Each Other to Deliver Advanced Processing, Pertaining to the High Demand for Linear Motion Systems

7.6 Machining Tools

7.6.1 Machining Tools Utilizes Linear Motion Systems to Achieve Repetitive Tasks for Automation

7.7 Automotive

7.7.1 Rapid Developments in the Automotive Industry Owing to the Fastest Growth of Linear Motion Systems

7.8 Others

7.8.1 Others Including Logistics and Construction Industries Pose Moderate Demand for Linear Motion Systems

8 Geographic Analysis

8.1 Introduction

8.2 North America

8.2.1 North America has High Demand Regarding Factory Automation and Technological Advancements in Robotics

8.3 Europe

8.3.1 Increasing Awareness Regarding Precise Methods of Linear Motion Systems for Industries, and Development of Advanced Linear Motion Systems Drives the Market Growth

8.4 Asia Pacific

8.4.1 Increasing Production of Machine Tools, Smart Phones, and Automobiles Drives the Market

8.5 Rest of the World

8.5.1 Machining Tools Industry Accounted for the Highest Share of the Market in 2018

9 Competitive Landscape

9.1 Overview

9.2 Ranking Analysis of Linear Motion System Market Players

9.3 Competitive Situations and Trends

9.3.1 Product Launches

9.3.2 Acquisitions, Collaborations, and Contracts

10 Company Profiles

  • ABB
  • Aerotech
  • Automation Tooling Systems (ATS)
  • Beckhoff Automation
  • Festo AG
  • Fortive
  • Mitsubishi Electric
  • NSK Ltd.
  • Pacific Bearing Corporation (PBC)
  • Robert Bosch
  • Rockwell Automation
  • Schneeberger
  • SKF Motion Technologies
  • THK
  • Timken Company

For more information about this report visit https://www.researchandmarkets.com/research/54c6fq/global_linear?w=4