Linear Motion Market by Component (Linear Guide, Actuators, Ball Screws, Linear Motors) Geography - Global Forecast to 2024
According to the new market research report "Linear Motion Market
by Component (Linear Guide, Actuators, Ball Screws, Linear Motors),
Industry (Medical & Pharmaceuticals, Semiconductors &
Electronics, Aerospace, Food & Beverages, Machining Tools,
Automotive), Geography - Global Forecast to 2024", This market
is expected to reach from USD 3.2 billion in 2018 to USD 4.4 billion by
2024, at a CAGR of 5.3%. Increasing need for quality inspection and
automation, reduced time-to-market, and growing demand for
miniaturization of electronic devices in the semiconductor industry are
key factors driving the growth of this market.
Machining tools industry expected to hold largest share of overall linear motion market during forecast period
The machine tool industry, there are various
applications of linear motion, such as tool changers, parts feeding
systems, gantries, and others. Machine tools along with material
handling systems are used to carry out different operations on metals,
such as cutting, boring, grinding, shearing, and other forms of
deformation. Due to the hazardous and dangerous nature of these
processes, industrial robots and linear motion tracks are one of the
preferred choices. Moreover, linear motion components are used for
automation of these processes to offer high reliability and low
maintenance solution for these applications. These products improves the
performance of machine tools and has the ability to work under hostile
condition. Hence, this industry is expected to hold the largest share of
the overall linear motion market during the forecast period.
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APAC to account for largest size of overall linear motion market in 2018
High growth in machine tool production and other
sectors related to the production of smart phones and automobiles, which
include electronics assembly, semiconductor machinery, and customized
robots for different applications are some of the reasons for the growth
of the linear motion market in APAC. There are also growth
opportunities in South East Asian markets for semiconductor, electronic
and electronic assembly, machine tools, packaging, rubber, and plastics,
which in turn contribute to linear motion products’ sales.
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