Linear Motion System Market worth $17.0 billion by 2024

The overall linear motion system market is expected to grow from USD 12.1 billion in 2018 to USD 17.0 billion by 2024, growing at a CAGR of 5.9%. Major factors driving the growth of the linear motion system market include 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 is a key opportunity for players in the linear motion system market. For example, in 2017, HepcoMotion (UK), one of the advanced linear motion manufacturers, invested approximately YEN 2.5 million in a KUKA robot to automate the loading and unloading of one of its CNC milling machines. KUKA KR AGILUS robot integrated with Hepco linear motion systems, which subsequently increase production of the machines and offer shorter lead times on its standard products.

The linear motion system market based on type has been segmented into single process systems and multiprocess systems. Multiprocess systems are likely to dominate the linear motion system market. These systems reduce cost, increase performance, and shrink machine footprints while simplifying network connectivity. Owing to these benefits, multiprocess systems have attained high market growth during the forecast period.

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The linear motion system market for the automotive industry is expected to grow at a faster rate in the coming years. Owing to the high demand for linear motion systems in the automotive industry, which has been experiencing rapid developments in terms of manufacturing and manufacturing technology. Automotive manufacturers are upgrading linear systems, adding inspection and networking capabilities, and taking advantage of integration to produce a better cheap product in less time.

Emerging countries of APAC, including China and India, are witnessing dynamic changes in the adoption of new technologies and advancements in the manufacturing sector. Also, huge government initiatives for IT infrastructure developments have been made. These factors lead to the highest growth rate of APAC in the linear motion system market.

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