Dublin, March 20, 2019 (GLOBE NEWSWIRE) -- The "Linear Motion System Market by Type (Single Process Systems, Multiprocess Systems), Industry (Medical, Semiconductor & Electronics, Aerospace, Food & Beverages, Machining Tools, Automotive), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The linear motion system market was valued at USD 12.1 billion in 2018 and is expected to reach USD 17.0 billion by 2024, at a CAGR of 5.9% during the forecast period.
A linear motion system is a technical solution for transporting and positioning materials and workpieces to allow them for synchronized movements and is faster than traditional systems. Linear motion systems are ready-to-install systems that offer high-performance capabilities such as high speed, high accuracy, and work in the harsh environment within a compact dimension. They incorporate an extremely compact steel frame and precision ball screw drive system that offers optimal travel performance, high load capacities, and high rigidity.
The drivers of the linear motion system market include the 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. However, the high initial cost of installation for low-volume production is the key restraining factor for market growth. Moreover, the lack of skilled manpower to handle complex processes in the automation field poses a major challenge for linear motion system manufacturers.
Rockwell Automation Inc. (US), Automation Tooling Systems (ATS) Inc. (US), Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), Beckhoff Automation GmbH & Co. KG (Germany), Timken Company (US), Fortive (US), Mitsubishi Electric Corporation (Japan), SCHNEEBERGER Group (Switzerland), and Festo AG (Germany) are a few dominant players in the linear motion system market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Linear Motion System Market
4.2 Linear Motion System Market, By Type, 2018-2024
4.3 Market, By Industry, 2018-2024
4.4 Linear Motion System Market, By Region, 2018-2024
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Need for Quality Inspection and Automation
5.2.1.2 Reduce Time-To-Market
5.2.1.3 Growing Demand for Miniaturization of Electronic Devices in Semiconductor Industry
5.2.2 Restraints
5.2.2.1 High Cost of Installation for Low-Volume Production
5.2.3 Opportunities
5.2.3.1 Rising Mergers & Acquisitions Regarding Linear Motion Technology Products
5.2.3.2 Growing Investments in Industrial Automation and Robotics
5.2.3.3 Government Initiatives to Support Industrial Automation
5.2.4 Challenges
5.2.4.1 Lack of Skilled Manpower to Handle Complex Processes in Automation Field
5.3 Value Chain Analysis: Linear Motion System Market
6 Linear Motion System Market, By Type
6.1 Introduction
6.2 Single Process Systems
6.2.1 Single Process Systems Provide Simple Installation for A Particular Task, Thereby Lowering the Cost of Installation
6.3 Multiprocess Systems
6.3.1 Multiprocess Systems are Preferred More Than Single Process Systems in Various Industries to Minimize the Process Time and Cost
7 Linear Motion System Market, By Industry
7.1 Introduction
7.2 Medical
7.2.1 Medical Poses Largest Share of Linear Motion System Market
7.3 Semiconductor & Electronics
7.3.1 Constantly Changing Application Requirements Utilizes Linear Motion Systems for Constantly Changing Application Requirements
7.4 Aerospace
7.4.1 Aerospace Industry Use Linear Motion Systems to Deliver High-Quality High-Performance Products With Zero Failure Rate
7.5 Food & Beverages
7.5.1 Food & Beverage Companies Compete With Each Other to Deliver Advanced Processing, Pertaining to the High Demand for Linear Motion Systems
7.6 Machining Tools
7.6.1 Machining Tools Utilizes Linear Motion Systems to Achieve Repetitive Tasks for Automation
7.7 Automotive
7.7.1 Rapid Developments in the Automotive Industry Owing to the Fastest Growth of Linear Motion Systems
7.8 Others
7.8.1 Others Including Logistics and Construction Industries Pose Moderate Demand for Linear Motion Systems
8 Geographic Analysis
8.1 Introduction
8.2 North America
8.2.1 North America has High Demand Regarding Factory Automation and Technological Advancements in Robotics
8.3 Europe
8.3.1 Increasing Awareness Regarding Precise Methods of Linear Motion Systems for Industries, and Development of Advanced Linear Motion Systems Drives the Market Growth
8.4 Asia Pacific
8.4.1 Increasing Production of Machine Tools, Smart Phones, and Automobiles Drives the Market
8.5 Rest of the World
8.5.1 Machining Tools Industry Accounted for the Highest Share of the Marketa in 2018
9 Competitive Landscape
9.1 Overview
9.2 Ranking Analysis of Linear Motion System Market Players
9.3 Competitive Situations and Trends
9.3.1 Product Launches
9.3.2 Acquisitions, Collaborations, and Contracts
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/ffs269/global_linear?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Machine Parts