[97 Pages Report] The overall linear motion system market is expected to reach USD 17.0 billion by 2024 from USD 12.1 billion by 2018, 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 a few major driving factors propelling the market growth.“Automotive industry segment is expected to grow at highest CAGR during forecast period”
The automotive industry is one of the fastest growing industries in the linear motion system market. This industry has been experiencing rapid developments in terms of manufacturing and manufacturing technology. Automotive manufacturers are upgrading systems, adding inspection and networking capabilities, and taking advantage of integration to produce a better, cheaper product in less time. There is a high demand for linear motion systems such as linear rail guides, linear motors, controllers, and linear actuators worldwide, as these components help enhance the efficiency of production and manufacturing facilities in the automotive industry.
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“Medical poses largest share of linear motion system market during forecast period”
The report profiles the most promising players in the linear motion system market. The competitive landscape of the market presents an interesting picture of strategies adopted by a large number of players. 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), Festo AG (Germany), THK CO., LTD. (Japan), NSK Ltd. (Japan), SKF Motion Technologies (Sweden), Pacific Bearing Corporation (PBC) (US), and Aerotech Inc. (US) are few dominant players in the linear motion system market.