The global linear motor market was valued at US$ 1,370 million in 2020. The global linear motor market is forecast to reach US$ 2189.4 million by 2030, registering a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2021 to 2030.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol117
A linear motor is an electric induction motor with a parallel linear stator and rotor placed in the middle to create straight-line motion.
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Factors Affecting
- The beneficial applications of linear motors in various industries, like electronics, automotive, robotics, semiconductors, would drive the growth of the global linear motor market.
- Linear motors are generally used in machines to automatically perform functions, such as cutting, grinding, shearing, etc. Thus, the accuracy and profitable functions of these machines may accelerate their adoption in the coming years.
- Linear motors offer exceptional reliability at a low cost. As a result, linear motors are in high demand across a wide range of sectors. Thus, the global linear motor market will benefit in the coming years.
- Electromagnets are used to power linear motors and are expensive to manufacture. The global linear motor market would experience a slowdown as a result of this.
Impact Analysis of Covid-19
The Covid-19 outbreak prompted a lockdown to stop the virus from spreading. Many industries were forced to temporarily shut down because of the workforce shortage. The halt in operations adversely affected the global linear motor market. However, the global linear motors market is forecast to grow again after the government bodies lift the lockdowns.
The pandemic also affected the manufacturing activities as the import and export activities were all halted. Thus, the unavailability of raw materials affected the entire supply chain during the pandemic period.
Furthermore, linear motors are not dependent on other mechanical components, such as belts, pulleys, pinions. Moreover, they do not require elastic components, such as couplings, gearboxes, etc. As a result, it reduces the risk of motion mistakes and backlash. As a result of these benefits, market players may witness potential opportunities in the coming years.
Get a Sample PDF copy of the report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol117
Regional Insight
The Asia-Pacific region owns the greatest proportion of hare of the global linear motor market. Emerging economies, such as China and India, are embracing new technology at a rapid pace. Furthermore, the government has launched several large-scale IT infrastructure improvement programs, which would surge the demand for linear motor technologies in the coming years.
Key Players
The following companies are the key players in the global linear motor market:
- THK Co., Ltd.
- NSK Ltd.
- HIWIN Technologies Corp.
- Nippon Thompson Co. Ltd.
- Robert Bosch GmbH
- Schaeffler Technologies AG & Co. KG
- Rockwell Automation Inc.
- Timken Company
- HepcoMotion
- SCHNEEBERGER Group
- Hitachi Metals, Ltd
- KML Linear Motion Technology GmbH
- Kollmorgen Corporation
- Mitsubishi Electric Corporation, Moog Inc.
- Sumitomo Electric Industries, Ltd.
- Yaskawa Electric Corporation
- Other Prominent Players
Market Segmentation
Segmentation based on Type
- U-channel linear motor
- Flat-type linear motor
- Cylindrical linear motor
Segmentation based on Application
- Automotive
- Electronics
- Machine tools
- Medical & Pharmaceuticals
- Packaging/Labelling
- Robotics
- Agricultural and construction
- Petrochemical
- Printing
- Paper
- Textile
- Woodworking
Request Full Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol117
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
During the forecast period, the report analyzes the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=Pol117
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com/