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The linear motion systems market share is expected to increase by USD 833.33 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.22%.
This linear motion systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers linear motion systems market segmentations by application (material handling equipment, machine tools, robots, and others) and geography (APAC, North America, Europe, South America, and MEA). The linear motion systems market report also offers information on several market vendors, including Altra Industrial Motion Corp., Bosch Rexroth AG, Hepco Holdings Ltd., Hiwin Technologies Corp., Nippon Thompson Co. Ltd., Rockwell Automation Inc., SCHNEEBERGER Group, Schneider Electric SE, The Timken Co., and THK Co. Ltd. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increase in demand for automated material handling in the industrial sector is notably driving the linear motion systems market growth, although factors such as lack of product differentiation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the linear motion systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Linear Motion Systems Market Driver
The increase in demand for automated material handling in the industrial sector is one of the key drivers supporting the linear motion systems market growth. Industrial players are increasingly emphasizing manufacturing operations and exploring cost-cutting opportunities in material handling through lean management principles. There is an increased emphasis on speeding up the cash cycle while improving customer satisfaction. This has necessitated the adoption of automated material handling operations, which is expected to impact various aspects of material handling, including loading. As conventional loading is labor-intensive, it requires personnel who can handle processes such as handling trailers, containers, forklifts, terminal tractors, and any other machinery. Such necessities of adopting automated material handling will drive market growth during the forecast period.
Key Linear Motion Systems Market Trend
The growing adoption of linear motion systems with electromechanical actuators is one of the key linear motion systems market trends contributing to the market growth. Modern industrial processes involve microprocessors and programmable controllers, which makes it easier to incorporate electromechanical actuators into the whole system. Though initial upfront costs associated with these actuators are high, end-users incur lower maintenance costs compared to those dealing with pneumatic actuators. Also, unlike pneumatic actuators, electromechanical actuators consume electricity only when they are in use. These factors have led to a high growth rate in the adoption of electromechanical actuators. Over the years, there has been a surge in the adoption of electromechanical systems that can allow for retrofits without any machine modifications. They also feature a graphical user interface (GUI) to enable easy change in product profiles and setting of parameters as per end-user needs regarding factory uptime. Vendors have also developed smart variations that leverage onboard electronics to accomplish operation and control functions while reducing actuator footprint. These factors have led to a high growth rate in the adoption of electromechanical actuators. This will lead to market growth during the forecast period.
Key Linear Motion Systems Market Challenge
The lack of product differentiation is one of the factors hindering the linear motion systems market growth. The market is characterized by intense competition among the major vendors that have wide product portfolios offering products at comparative prices. The forecast period is likely to see more efforts and investments by vendors in improving product quality along with devising strategies to attract and retain customers and offering extended warranties, replacement options, and product support services to attain a competitive advantage. In the forecast period, it is expected that there will be a significant switch from linear motion systems with individual components to systems that are linear modules. The interactions between system components such as linear bearing guides, ball screws, belts, and linear motor drives are expected to become more complex, making the efforts toward product differentiation more challenging. As hardware innovation becomes difficult, we expect that more vendors will focus on improving customer support and services to garner a greater market share during the forecast period.
This linear motion systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global linear motion systems market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the linear motion systems market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the linear motion systems market encompasses successful business strategies deployed by the key vendors. The linear motion systems market is fragmented and the vendors are deploying growth strategies such as expanding their geographical reach, increasing production capacities, and launching new products to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The linear motion systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the linear motion systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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46% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the linear motion systems market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rapid pace of industrial development across countries will facilitate the linear motion systems market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the linear motion systems market in APAC faced certain challenges due to the outbreak of COVID-19. However, the regional market is anticipated to grow during the forecast period, owing to large-scale vaccination drives, the gradual decline in COVID-19 cases, and the resumption of normal business operations across industries.
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The linear motion systems market share growth by the material handling equipment segment will be significant during the forecast period. The packaged food and beverage industry witnessed an increase in demand for shelf-stable foods and beverages, including milk products, as consumers rushed to stock up on essential products in 2020. COVID-19 had a dual impact on the food and beverage industry in almost all regions, including North America, Europe, and APAC in 2020. Thus, the rise in demand for essential foods across the world since 2020 will, therefore, increase the use of material handling equipment, which will drive the growth of the global linear motion systems market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the linear motion systems market size and actionable market insights on post COVID-19 impact on each segment.
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Linear Motion Systems Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.22% |
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Market growth 2021-2025 |
$ 833.33 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.20 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 46% |
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Key consumer countries |
China, Germany, Japan, US, and India |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Altra Industrial Motion Corp., Bosch Rexroth AG, Hepco Holdings Ltd., Hiwin Technologies Corp., Nippon Thompson Co. Ltd., Rockwell Automation Inc., SCHNEEBERGER Group, Schneider Electric SE, The Timken Co., and THK Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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