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Linear Motion System Market worth $17.0 billion by 2024

by prashantvi2 months ago
tags: Linear Motion System Market

According to the new market research report "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", This market is expected to grow from USD 12.1 billion in 2018 to USD 17.0 billion by 2024, at a CAGR of 5.9%. Increasing need for quality inspection and automation, reduced time-to-market, and growing demand for miniaturization of electronic devices in the semiconductor industry are key factors driving the growth of this market.

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Linear motion system market for multiprocess systems is expected to grow at faster rate during forecast period

The market for multiprocess systems accounted for a larger share of the linear motion system market during the forecast period. These systems are designed according to customers’ needs to carry out a wide array of different tasks, such as pick-and-place, material transfer, palletizing, de-stacking, and so on. These systems are also designed to build and test entire assembly, and then, the completed units are installed in a factory. These systems eliminate backlash to allow fast acceleration and high-speed operations and increase reliability to complete multiple tasks. Hence, these systems are preferred more than single process systems in various industries to minimize process time and cost. Key vendors offering multiprocess systems are Thomson Industries, Rollon, Bosch Rexroth, PBC Linear, SKF, and B&R.

 

APAC to account for largest size of overall linear motion system market in 2018

High growth in machine tool production and other sectors related to the production of smart phones and automobiles, which include electronics assembly, semiconductor machinery, and customized robots for different applications are some of the reasons for the growth of the linear motion system market in APAC. There are also growth opportunities in South East Asian markets for semiconductor, electronic and electronic assembly, machine tools, packaging, rubber, and plastics, which in turn contribute to linear motion systems’ sales.

 

 

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