The new report by Expert Market Research titled, ‘Global Linear Motion System Market Report and Forecast 2022-2027’, gives an in-depth analysis of the linear motion system market, assessing the market based on its segments like type, end-user industry and major regions. The report tracks the newest trends within the industry and studies their impact on the general market. It also assesses the market dynamics, covering the key demand and price indicators, alongside analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size: USD 3.45 billion
- Forecast CAGR (2022-2027): 4.83%
- Forecast Market Size: USD 4.57 billion
On the basis of end-user industry, the automotive industry is expected to hold a significant market share during the forecast period. This can be attributed to the rapid adoption of linear motion systems in the automotive industry, which aid in the achievement of seamless and agile processing. Several linear motion systems are well suited for applications that require speed and accuracy, increasing their industry demand.
Furthermore, increased demand for transportation is expected to aid market growth during the forecast period. Meanwhile, rising demand for linear motion systems in the manufacturing industry is expected to fuel market growth in the coming years.
Industry Definition and Major Segments
Linear motion systems, also known as linear motion bearings, are devices that can only move in one direction and come in a variety of designs. These systems can be motorised or non-motorized, allowing for linear movement. They are suitable for use in machine slides, stages, and tables. Handling and packaging, food processing, factory automation, and printing and scanning operations are just a few of the major applications for linear motion systems.
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The global linear motion system market can be segmented on the basis of type and end-user industry.
Based on type:
- Single-Axis Linear Motion System
- Multi-Axis Linear Motion System
Based on end-user industry:
- Automotive
- Electronics and Semiconductor
- Manufacturing
- Aerospace
- Healthcare
- Others
On the basis of regional markets, the segmentation of the linear motion system industry includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Market Trends
The growing need for automation in manufacturing applications around the globe is bolstering the market's prospects. Linear motion systems are frequently employed because of their ability to meet quality inspection criteria, as well as their increased precision, adaptability, reliability, and efficiency. Additionally, growing awareness of linear motion systems' eco-friendliness has accelerated their acceptance across a variety of industrial verticals, including automotive, packaging, and manufacturing. This, in turn, contributes to the reduction of carbon emissions, hence promoting market growth. Apart from this, the widespread adoption of the Internet of Things (IoT) and machine learning (ML) has enabled users to collect machine data, monitor and evaluate system performance, and assure timely maintenance and early identification of faults, all of which have fueled the market's rise. Additionally, the growing need for laboratory testing equipment in the healthcare business, such as magnetic resonance imaging (MRI), computed tomography (CT) scanners, and X-ray machines, is positively boosting market growth. Additional factors, such as rapid growth in the automotive industry and the implementation of different government initiatives aimed at advancing the information technology (IT) infrastructure, are expected to propel the market forward.
Key Market Players
The major players within the market are Bosch Rexroth AG, Ewellix AB, Hiwin Corporation, Thomson Industries Inc., NSK Ltd. and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of those market players.
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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.
The Linear Motion System Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global linear motion system market are Bishop-Wisecarver, Bosch Rexroth AG, Hepco Motion, Lintech, Nippon Bearing Co., Ltd., RollonS.p.A., Schneeberger AG, Schneider Electric Motion, SKF AB, and Thomson Industries.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Linear Motion System Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/linear-motion-system-market/download-sampleMarket DynamicsThe ongoing industrialization along with the need for modern automatic systems in industries such as linear motion systems is catering the demand for this market.
Moreover, increasing demand for linear motion system owing to its superior performance in harsh environmental conditions in industries is further fueling the market growth.
However, high maintenance associated with these systems may restrict the market growth.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.
FEB 25, 2020: The global Active Insulation market size is expected to reach USD 401.9 million by 2027, expanding at a revenue-based CAGR of 5.9%, according to a new report by Radiant Insights, Inc.
Rising demand for insulation products to maintain the inner temperature in building structures is anticipated to drive the market over the forecast period.
Moreover, increasing re-insulation activities under-insulated houses to save energy are further expected to support the growth.The growing popularity of outdoor activities such as cycling, sports, workouts, and yoga are likely to ascend the demand for activewear and sportswear.
Commercial availability of active insulating products coupled with their benefits including resistant to shrinking, stretching, and quick-drying are expected to aid the growth.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/active-insulation-market/request-sampleIncreasing energy costs and growing consumer awareness regarding the economic benefits of building insulation are expected to have a positive impact on the market.
Increasing production of sportswear and activewear in countries like China and India are likely to aid the market in Asia Pacific.Further key findings from the report suggest:The demand for glass wool product for building and construction applications is expected to witness a CAGR of 5.1% by revenue, from 2020 to 2027, on account of its superior heat insulation coupled with ease of application in the construction industryPolyester emerged as the largest product segment for textile applications in 2019 and is estimated to generate revenue of USD 63.4 million by 2027 on account of efficient moisture handling, non-allergic, and non-itch propertyGlobal expanded polystyrene (EPS) demand in building and construction was estimated at USD 56.7 million in 2019 and is anticipated to witness staggered growth over the forecast period due to improved performanceThe U.S. market in sportswear application was estimated at USD 7.1 million in 2019 and is estimated to witness notable growth rate from 2019 to 2027 on account of increased adoption of such productsKey players including PrimaLoft, Inc.; Polartec; and Economical Building Systems dominated the active insulation market while accounting for over 65% of the total market share in 2019.To Browse Full Research Report @: https://www.radiantinsights.com/research/active-insulation-marketTable of ContentsChapter 1.
To See More Reports of This Category by Radiant Insights: https://industryforcast.wordpress.comAbout Radiant Insights: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
