Linear Motion Systems Sales Surged by Increment in Industrial Production Across the Globe, Says Fact.MR
Fact.MR, a global research & consulting firm, in their latest edition of the report, projected that the linear motion systems market is anticipated to grow at a rapid pace. Change in technology from hydraulic and pneumatic systems to electromechanical systems to address the need for greater efficiency, higher precision, reliability, and flexibility with concentrated energy use are projected to push the demand for linear motion systems.
“Market players are focusing on the products development that are maintenance-free, small and eradicate the requirement for re-lubrication. This will be a key trends acknowledged in the industry. Another trend is that the market players are building up industry 4.0 components which are relevant to enterprise-level connectivity.” states Fact.MR.
Growing Demand for Digital Transformation Amplifies the Demand
The linear motion systems are foreseeing increasing demand as progressively more systems are getting automated. Additionally, their easy application is assisting industries accomplish agile and seamless processing, which additionally diminishes the need of maintenance and reduces downtime.
Rapid industrialization, together with growing demand for digital transformation and implementation of automated systems in several industries, are certainly key aspects driving the growth of linear motion systems. Additionally, these systems are in high demand owing to their enhanced performance in tough environmental conditions in industries, which is in addition fueling the market expansion.
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Why Automotive Sector hold the largest share?
The automotive sector is projected to foresee a notable growth pace on the basis of linear motion system adoption, as the demand for these systems will increase in the approaching years owing to the increase in automotive sales across the globe.
Further, growing vehicle parc has ensued in rising carbon emission that makes automotive sector a prime contributor to the greenhouse effect. Consequently, several agencies have generated regulations for the expansion of green technologies and vehicles which are fuel efficient. This, consecutively, will intensify the demand for linear motion products, for instance ball screws and roller screws, etc.
India and China will Foresee Robust Growth
The linear motion systems industry is likely to be robustly led by the India and China. As a result of the increasing end-use industries across the regions, the linear motion systems demand is likely to augment incessantly.
The UK and Germany are projected to follow the China and India in the industry in demand terms. The US will hold a small share in the industry. Conversely, it is projected to expand at a noteworthy pace in the industry in near future.
Sluggish expansion in end-use sectors across nations, such as Brazil, Mexico etc., is the significant aspect impacting the demand for linear motion systems in the regions.
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Technological Innovations Remains Prime Focus Point: Fact.MR Survey
The linear motion systems market is anticipated to be partially fragmented in nature due to the existence of several global in addition to regional players worldwide. Fact.MR’s survey indicated that the leading market players are engaged in technological innovations of their products to improve their market presence. The latest edition of the report offers comprehensive coverage of the anticipated to remain the significant strategies of companies. A few of the players profiled in the report are Thomson Industries, Inc., Parker Hannifin Corp., Bosch Rexroth AG, Kollmorgen, NSK Ltd., AB SKF, THK CO., LTD, Lintech, Hiwin Corporation, Rollon S.p.A., LINAK, NIPPON BEARING CO., LTD., Bishop-Wisecarver. and Progressive Automation Inc. The latest edition also provides a detailed analysis of the COVID-19 impact on this market.
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