The Linear Motion Systems Market is set to grow at a CAGR of 7.8% during the forecast period 2017 to 2023. As per the market research report, the market will hit US$8.76 billion in terms of valuation by the end of 2023. The market growth will be driven by the rise in the adoption of a linear motion system. Based on the research report, the growing demand for linear motion systems will accelerate growth in the market till 2023. Although supply and demand gaps will have a negative impact on the global linear motion systems market’s growth during this period. Growing concerns related to the cost is predicted to be a key challenge which could become a strong threat from 2017 to 2023 to companies. The market report published by expert analysts includes primary and secondary data and suggests that type and application segments are anticipated to witness tremendous growth till 2023. Factors such as an increase in automotive sales around the world will become key growth drivers during the forecast period and the adoption of technologies like linear actuators is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by the unorganized nature of the retail sector which could negatively affect activities taking place across the market. Supply chain related constraints are another challenge the market could face till 2023.
The linear motion systems market is segregated into different market segments based on type and application. For a comprehensive analysis of the market, the type and application segments are further split into smaller segments. The type segment is categorized into a single-axis linear motion system and multi-axis linear motion system. Furthermore, based on application, the global market is also segmented into machine tools, material handling equipment, packaging, palletizing, robotics, and others. Based on the market segmentation analysis, the report covers market forecasts.
The rapidly growing demand for energy-efficient mass transit drives will support the market growth from 2017 to 2023. As per the market research report, the global market for linear motion systems is anticipated to grow at a healthy rate across all the type and application segments. However, the presence of active threats such as the fluctuating prices of raw materials could hamper the market growth. Business activities across manufacturing have also been examined and studied by manufacturing industry’s experienced analysts. The linear motion systems market research report covers findings with predictions and forecasts till 2023.
The linear motion systems market, with its product and service related segments, is spread across the world. Manufacturing based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. The adoption of hybrid and fully electric vehicles is anticipated to be a major factor for growth across the manufacturing space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The manufacturing sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. Manufacturing based businesses in these regional markets are anticipated to grow due to the rising adoption of automation in the automotive manufacturing process during the forecast period 2017 to 2023. Although the market’s growth could be affected by unstable raw material prices. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.
Manufacturing based organizations are profiled in the market research report. The linear motion systems market along with companies and segments have been studied. The analysis of manufacturing based business is also done to identify key challenges and strengths of these companies. The global linear motion systems market research report covers SWOT analysis, Porter’s Five Force analysis of major manufacturing related organizations. The strategy and other key details of these companies for the forecast period 2017 to 2023 are covered in the report. The involvement of digitization and AI is anticipated to support the market growth as the market is set to grow at a CAGR of 7.8% and reach a value of US$8.76 billion by 2023.
Nadella, a leading global producer of linear motion technologies based in Italy, confirmed the acquisition of a controlling interest in Spain-based producers of high-performance and personalised ball screws sold worldwide, previously held by the IAZ Group. Nadella is Europe’s Largest based manufacturer of linear as well as rotational motion production systems, supporting major sectors such as automotive, systems engineering, electronics, logistics, renewable, healthcare, and medical. It was established in 1930 and is based in Milan, with a significant presence in the German market.
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