Press Release / Technology / Linear motion system market for multiprocess systems is expected to grow at faster rate

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

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.

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.

Know More : Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=18982633

Medical industry expected to hold largest share of overall linear motion system market during forecast period

The medical industry is involved in the production and development of drugs that are licensed by government and can be used in medications. Workflow efficiency, experimental accuracy, and accuracy in production methods are crucial in this industry. In the medical industry, linear motion systems offer high performance and aim to ensure a positive experience for users, patients, and healthcare professionals. Moreover, linear motion systems used as medical equipment have high levels of hygiene; the machines’ performance levels must be accurate and stable to ensure reliable results. Hence, this industry is expected to hold the largest share of the overall linear motion system market during the forecast period.

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.

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.

Don’t miss out on business opportunities in Linear Motion System Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441