Linear Motors Market 2020 Expected to be driven primarily by the global expansion of Industrial Auto
Global Linear Motor Market Expected to reach USD 1,579.4 million by the end of forecast period with a CAGR of 5.74%. The report summarizes market review of the key segments in the market such as by Type, by Application
The linear motor market is growing rapidly across the globe. The market growth attributes to the increasing application of linear motors in various industries, including semiconductors, automotive, electronics, and robotics. Besides, the spurring rise in industrial automation worldwide creates substantial market demand. The growing adoption of linear motors in burgeoning electronics, semiconductors, and packaging sectors escalates the market growth.
According to Market Research Future (MRFR), the global linear motor market is projected to garner a valuation of approximately USD 1,579.4 MN by 2023, growing at 5.74% CAGR during the forecast period (2018 – 2023). The market is vastly dependent on automobile sales and is driven by the increase in automotive production. Also, rising usages of linear motor across the end-use industry boost market growth. Technological advances in linear motors accelerate market growth.
Additionally, the increasing sales of lightweight vehicles and the growing automobile industry worldwide foster the growth of the market. On the other hand, high costs of linear motors are key factors predicted to obstruct the market growth. Nevertheless, future technological upgrades would support market growth throughout the forecast period, presenting cost-efficient manufacturing techniques that can reduce the overall cost of these motors.
Global Linear Motor Market – Segments
The report is segmented into three dynamics;
By Type : Cylindrical Linear Motor, U-channel Linear Motor, Flat-type Linear Motor, and others.
By Application: Automotive, Electronics, Semiconductor, Packaging, Machine Tool, Robotics, Printing, Medical, and others.
By Regions : Americas, Europe, APAC, and Rest of the World.
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Global Linear Motor Market – Competitive Analysis
Highly competitive, the linear motor appears to be fragmented owing to the presence of several well-established players accounting for a substantial market share. To gain a larger competitive share, players incorporate strategies such as acquisition, collaboration, partnership, expansion, and product & technology launch.
They invest substantially in new product development and geographical expansion initiatives. The market is anticipated to witness relentless innovations and new products, eventually intensifying competition among Linear motor manufacturers.
Players leading the linear motor market include ETEL SA (Switzerland), Aerotech Inc. (US), Moog Inc. (US), ESR Pollmeier GmbH (Germany), Beckhoff Automation (Germany), H2W Technologies Inc. (US), Sanyo Denki Co. Ltd. (Japan), Yaskawa Electric Corporation (Japan), Kollmorgen Corporation (US), Jenny Science AG (Switzerland), Sodick Co., Ltd. (Japan), NTI AG LinMot (Switzerland), Oswald Elektromotoren GmbH (Germany), FANUC Corporation (Japan), and KML Linear Motion Technology GmbH (Austria), among others.
Linear Motor Market – Regional Analysis
The Asia Pacific region dominates the global linear motor market. The region is a hub for semiconductor technologies, driving the linear motor market. Besides, the largest market share attributes to the rising linear motor applications in wafer & dies level packaging, lithography, process control, and test & control equipment in the region. Moreover, the boom in the manufacturing industries in the region boosts the growth of the market.
Europe stands second in the global linear motor market. Market growth is driven by the requirements in manufacturing plants and the presence of a well-established automotive industry in the region. Additionally, constant upgrades in electronics, packaging, and medical sectors boost the growth of the regional market. Furthermore, the increasing emphasis on adopting the energy-efficient linear motor in the region contributes to market growth.
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