April 17, 2024

Linear Motion System Market Poised To Rise At By Automation Trend

The linear motion system market comprises linear guides, ball screws, mechanical profiles, electric ball screws, linear motors, and related components used for applications including industrial machinery, food & beverage automation, semiconductor equipment, medical devices, inspection systems and assembly lines. Linear motion systems enable precise linear movement and positioning to automate manufacturing processes and replace manual labor. The amarket for linear motion systems is estimated to be valued at US$ 12.63 billion in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the linear motion system market are CVS Caremark, Zur Rose Group AG, PlanetRX.com Inc., Walgreen Company, Familymeds, Inc, Medisave, The Kroger Co., Cigna, Optum Rx, Inc, Giant Eagle, Walmart, Inc.,Express Scripts Holding Company, Optum Rx, Inc., Rowlands Pharmacy, Apollo Pharmacy and Netmeds.

The growing demand for automation across industries is fueling adoption of linear motion systems. Factory automation enables higher production volumes with fewer personnel while maintaining quality levels. This trend is especially strong in the food and beverage, automotive, electronics and life sciences industries.

Major players are focusing on geographic expansion to tap opportunities in emerging markets. High growth regions for linear motion systems include Asia Pacific and Latin America where industrialization is ongoing. Regional presence helps players to better serve local customers and customize products to requirements. Joint ventures are enabling technology transfer for local manufacturing as well.

Market key trends

Miniaturization of components is a key trend in the linear motion system market. Downsizing linear motion modules allows applications in smaller spaces including inline assembly, medical devices, laboratory equipment and electronics. Miniaturization is enabling the development of new application areas. Key players are developing micro-sized profiles, guides and electric actuators to address this opportunity.

Porter’s Analysis
Threat of new entrants: New entrants face high initial setup and R&D costs to enter the linear motion system market size. Established players enjoy economies of scale and have strong brand recognition.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes however switching costs give advantage to established brands.

Bargaining power of suppliers: Suppliers of linear motion system components have moderate bargaining power due to the diversified supplier base and availability of substitutes.

Threat of new substitutes: Substitutes like pneumatic actuators pose low threat as linear motion systems offer greater precision, smooth motion and longer lifespans.

Competitive rivalry: The linear motion system market is highly competitive with major global players competing on product quality, reliability and pricing.

Geographical regions: North America currently holds the largest share of the linear motion system market owing to high demand from manufacturing, semiconductors, electronics and automotive industries in the US and Canada.

Asia Pacific is projected to grow at the fastest pace during the forecast period due to rising industrialization, expanding manufacturing sector and growing electronics industry in China, India, Japan and South Korea. Countries are focusing on boosting their domestic manufacturing capabilities.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it