The global linear slide units market is expected to accrue a valuation of US$ 3.6 billion in 2028, as opposed to US$ 2.4 billion in 2022. The market is set to record a healthy CAGR of 7.2% from 2022 to 2028. This growth can be attributed to rapid industrialization and automation happening across various industrial verticals. Recent developments in the market include increasing research and development efforts in the production of new innovative products and solutions for technologically advanced automations. This has a positive impact on the sales of the market as a result of which the overall linear slide unit sales account for around 2% of the global bearings marketplace.
Historically, the linear slide units market grew at a moderate CAGR of 5.9% from 2013 to 2021 and reached a value of US$ 2.2 billion in 2021. The market is immensely influenced by macro-economic factors along with industrial and innovation aspects. A vital growth driver for the market is their efficiency in continuous operations and increasing adoption in different end-use industries.
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The demand for automation is also rising as a result of current automobile industry trends, which will help the linear slide units market expand in the coming years. Because automation not only increases efficiency but also reduces costs, it is encouraging automakers to use it as the market for electronic vehicles continues to grow. This bodes favourably for the linear slide units market.
An upsurge in industrial activities, growing demand for automation, increasing use of robotics, rising research and development for industrial machinery, and surging adoption of technology in several industries are certain considerations that facilitate the growth of the liner slide units market. A accelerated demand for industrial automation is a key drivers for the market. The prevailing Industry 4.0 trend has gained rapid traction in recent years and is encouraging greater focus on automation across different industrial verticals. However, the linear slide units market is not without its share of restraints. The growing availability of substitutes is expected to impede the growth of the linear slide units market over the assessment period.
A linear slide rule is a mechanical device used to perform calculations, such as multiplication and division, by sliding a ruler along a linear scale marked with logarithmic or other scales. They were commonly used in engineering, science, and mathematics before the advent of digital calculators and computers. Linear slide rules are still used today for educational purposes and as historical artifacts.
Key Takeaways:
- The linear slide units market in China is driven by the presence of an immense industrial sector.
- Emergence of advanced material technology will push the Indian linear slide units market to grow at a significant rate during the forecast period.
- Based on end-use, the automotive sector will open new avenues of growth for the linear slide units market.
Linear motion units, also known as linear actuators, are devices used to provide motion in a straight line. They consist of a motor, a lead screw or belt drive, and a guide system to move objects or tools in a precise linear motion. Linear motion units are commonly used in manufacturing, automation, robotics, and other industrial applications.
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Competitive Landscape
Phoenix Mecano AG, SKF Group, Hiwin Corporation, and Thomson Industries Inc., among others, are a few of the key players in the linear slide units market profiled in the full version of the report.
Leading market players are focusing on increasing research and development efforts to produce novel and inventive products and solutions for technologically advanced automation systems. A few of these participants also employ expansion strategies, mergers and acquisition tactics to strengthen their market presence and revenue opportunities. In recent development, The Timken Company, leaders in engineered bearings industry, announced the acquisition of Intelligent Machine Solutions (iMS) to bolster its Rollon linear motion product range and other robotic solutions to offer consumers better solution package. In February 2022, Gudel, a Switzerland-based machine components manufacturers declared the formation of its new business entity in the US to offer enhanced services to its consumer base in the US.
More Insights into Linear Slide Units Market
In its latest report, FMI offers a detailed, and unbiased analysis of the global linear slide units market, providing historical data from 2013 to 2021 and forecast statistics for 2022 to 2028. This report delivers a six year sales forecast and highlights an analysis of regional and segmentation statistics. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of pricing, drive, guide, capacity, application, end-use, and region.
According to the reports, based on segmentation, the automotive sector will generate lucrative opportunities for the market. The transformations happening in the automotive sector, brought on by the popularity of electronic vehicles, will offer attractive growth opportunities to the linear slide units market. Based on region, the linear slide units market in China will demonstrate impressive growth. The presence of a huge industrial sector and increasing adoption of automation across various industries will fuel the growth of the linear slide units market in China. Additionally, India is also expected to contribute to the global growth of the linear slide units market.
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Background
3.1. Macro-Economic Factors
3.2. Porter’s Five Force Analysis
3.3. Forecast Factors – Relevance & Impact
3.4. Value Chain
3.5. Market Dynamics
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