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Linear Motion Products Market to Grow at a CAGR of 7.7% Over 2024 – 2032; Rapid Integration of Linear Motion Technologies for Enhancing Production Processes to Bolster Market Expansion

March 11, 2024 | Machinery & Equipment

The global linear motion products market size stood at USD 11.88 billion in 2023. The market is predicted to rise from USD 12.54 billion in 2024 to USD 22.43 billion by 2032, recording a CAGR of 7.7% from 2024 to 2032.


Fortune Business Insights™ presents this information in its report titled, Linear Motion Products Market Size, Share & Industry Analysis, By Product (Bearings, Linear Guides & Tables, Actuator, Ball Screws, Linear Motors and Drives, and Others), By Application (Medical and Pharmaceuticals, Semiconductor & Electronics, Aerospace, Food & Beverages, Machining Tools, Automotive, and Others (Paper & Pulp)), and Regional Forecast, 2024 – 2032.  


Linear motion is a key aspect of modern motion control. It assists automation in several applications, such as robotics, packaging machines, and semiconductor manufacturing. Rapid integration of linear motion technologies for enhancing production processes and increasing efficiency in industries is boosting market expansion.


Major economies registered a reduction in their profit margins amid the COVID-19 pandemic. The sudden shutdown of production units restricted sales of linear motion products, which impeded market expansion during the COVID-19 outbreak.


Increase in Partnerships for Product Development by Key Players to Fuel Market Progress


In November 2023, NSK, Ltd. and Toppan Edge Inc. started a joint advancement of a maintenance system for industrial machinery. The maintenance management equipment is produced with the use of RFID tags that can sense temperature. The system comprises temperature-sensing RFID, an RFID reader compatible with tags, and a system that can assess and control the acquired data.


Rapid Integration of Industry 4.0 Techniques in Linear Motion Systems to Boost Market Development


Rapid integration of Industry 4.0 techniques, such as the Internet of Things (IoT), data analytics, and connectivity, is influencing the linear motion products market growth. Key producers are integrating smart sensors and communication capabilities into linear motion systems for improved monitoring, control, and predictive maintenance. The preference for electromechanical linear actuators is increased due to their precision, flexibility, and ease of integration with digital control systems. This trend is notable in various industries, including manufacturing, robotics, and healthcare. The surging need for space-efficient designs in several industries is driving the demand for smaller, lighter, and more compact linear motion products. Miniaturized linear motion products meet all limited space requirements.


On the other hand, a lack of standardized specifications in various linear motion product categories is hampering market expansion.


Rise in Product Portfolio Offerings by Top Companies to Fuel Market Growth


The market is highly competitive, with several global participants and certain regions where the regional players have the highest market shares. Some players focus on increasing their product portfolio offerings to boost their market presence. NSK is engaged in producing bearings and linear motion products. It offers linear guides, ball screws, and other components for different applications.


Notable Industry Development



  • January 2023:  A top producer of linear motion controls, Thomson Industries, introduced a new family of compact linear systems that streamlines complex applications in small spaces.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/linear-motion-products-market-106917


List of the Companies Profiled in the Report:



  • UMBRAGROUP (Italy)

  • NSK Ltd. (Japan)

  • Moog Inc. (U.S.)

  • Korta (Spain)

  • August Steinmeyer GmbH & Co. KG (Germany)

  • SHUTON (Spain)

  • Curtiss-Wright (U.S.)

  • TSUBAKI NAKASHIMA CO., LTD (Japan)

  • KURODA Precision Industries (Japan)

  • THK CO., LTD. (Japan)


Further Report Findings:



  • Asia Pacific is predicted to lead the market with a major linear motion products market share due to rapid industrial growth and automation in key Asian countries and the huge production of linear products in China.

  • North America registered the fastest growth in terms of CAGR in recent years. The region’s growth is driven by the presence of a strong and diverse manufacturing sector in the U.S. Increasing trends toward automation and the adoption of Industry 4.0 principles are driving market growth.

  • Based on product, the bearings segment is predicted to dominate the market due to rising demand from the manufacturing industry.

  • On the basis of application, the machining tools segment is set to rise exponentially during the forecast period owing to the increased CNC machine production.


Table of Segmentation
















































ATTRIBUTE



DETAILS



Study Period



2019-2032



Base Year



2023



Estimated Year



2024



Forecast Period



2024-2032



Historical Period



2019-2022



Growth Rate



CAGR of 7.7% from 2024 to 2032



Unit



Value (USD Billion)



Segmentation



By Product



  • Bearings

  • Linear Guides & Tables

  • Actuator

  • Ball Screws

  • Linear Motors and Drives

  • Others



By Application



  • Medical and Pharmaceuticals

  • Semiconductor & Electronics

  • Aerospace

  • Food & Beverages

  • Machining Tools

  • Automotive

  • Others (Paper & Pulp)



By Region



  • North America (By Product, Application, and Country)

    • U.S. (By Product)

    • Canada (By Product)



  • Europe (By Product, Application, and Country)

    • U.K. (By Product)

    • Germany (By Product)

    • France (By Product)

    • Italy (By Product)

    • Nordics (By Product)

    • Benelux (By Product)

    • Rest of Europe



  • Asia Pacific (By Product, Application, and Country)

    • China (By Product)

    • Japan (By Product)

    • India (By Product)

    • South Korea (By Product)

    • ASEAN (By Product)

    • Rest of Asia Pacific



  • Middle East & Africa (By Product, Application, and Country)

    • GCC Countries (By Product)

    • South Africa (By Product)

    • Rest of the Middle East and Africa



  • South America (By Product, Application, and Country)

    • Brazil (By Product)

    • Argentina (By Product)

    • Rest of South America




Global Linear Motion Products Market
  • PDF
  • 2023
  • 2019-2022
  • 211

    CHOOSE LICENSE TYPE

  • 4850
    5850
    6850

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