Business

In 2024 Global Market of Linear Motion is Expected to Reach 4.4 Billion US$

The report of Markets and Markets states that the Market of linear motion is expected to reach 4.4 billion US$ in 2024 with the CAGR of 5.3% from the 3.2 billion US$ of the year 2018. The increasing demand for good inspection and automation system is reducing the time of the product to market. The reduction of electronic devices in the semiconductor industry is the driving force behind market growth.

In terms of market share Machining tools is expected to have the highest market share in the industry of linear motion during the forecast period of the report. Machine tools are used in integration with material handling tools for different procedures of metals such as boring, shearing, cutting, grinding and other operations.

Due to the risky nature of process robots are used during the operation and linear motion track is considered the perfect choice in such operations. The linear motion tracks offer more reliability, have lower operation cost and can work under extreme conditions. The advantages that such system offers is the reason for the increased market share of the linear motion during the forecast period.

APAC had the highest market share in the year 2018. The high market growth of the machine is directly dependent on the production of industries using automated systems for assembling. South Asia offers growth opportunity for different industries which is contributing to the growth of linear motion products.

The report includes major manufacturers of the linear motion components along with their complete economic history and products details. The market is segmented on the basis of regions with the complete social, political and economic condition.

 

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https://www.marketsandmarkets.com/Market-Reports/linear-motion-system-market-18982633.html