Status : Published Published On : Apr, 2021 Report Code : VRICT5155 Industry : ICT & Media Available Format : Page : 165

Global Linear Motor Market – Analysis and Forecast (2020-2030)

Industry Insights by Application (Automotive, Electronics, Machine Tools, Medical & Pharmaceuticals, Packaging/Labelling, Robotics, Mobile Off Highways, Agricultural and Construction, Petrochemical Printing, Paper, Textile, Wood working)

Industry Overview

The global linear motor market was estimated at USD $1,379.9 million in 2020 and is expected to rise to USD $2,093.6 million by 2030, with a compound annual growth rate of 4.8 per cent. A linear motor is an electric motor that has had its stator and rotor ‘unrolled,' resulting in a linear force along its length rather than a torque (rotation). Linear motors, on the other hand, are not always straight. To put it another way, these motors are a form of advanced synchronous brushless motor that functions similarly to torque motors but is opened up and rolled out flat.

The semiconductor industry's increasing demand for quality inspection and automation, as well as reduced time-to-market and growing demand for miniaturisation of electronic devices, are a few major driving factors propelling the market growth.

Market Segmentation

Based on Application

•    Automotive
•    Electronics
•    Machine tools
•    Medical & Pharmaceuticals
•    Packaging/Labelling
•    Robotics
•    Mobile off highways
•    Agricultural and construction
•    Petrochemical
•    Printing
•    Paper
•    Textile
•    Woodworking

In the linear motion market, the automotive industry is one of the fastest-growing. In terms of manufacturing and manufacturing technology, this industry has seen rapid advancements. To produce a better, cheaper product in less time, automotive manufacturers are upgrading systems, adding inspection and networking capabilities, and leveraging integration. Linear rail guides, linear motors, controllers, and linear actuators are in high demand around the world because they help improve the efficiency of production and manufacturing facilities in the automotive industry.

Based on Region

•    North America
•    Europe
•    APAC
•    Latin America
•    MEA

During the forecast period, APAC is expected to continue to hold the largest share of the overall linear motion market in terms of value. APAC's emerging economies, such as China and India, are experiencing rapid changes in the adoption of new technologies and manufacturing advancements. In addition, the government has launched a number of large-scale initiatives to improve IT infrastructure. As a result of these factors, APAC has the highest growth rate in the linear motion market. In almost every business sector, the region is highly focused on adopting new technologies, and it is more interested in technologically innovative, cost-effective solutions. In APAC, Japan has one of the highest rates of linear motion product adoption.

Market Trends

Motor manufacturers all over the world are focused on new technologies, and as a result, they are engaging in a variety of activities.

The ball screw and inherent reliability of direct drive linear motors are controlled by a new direct drive–Green Drive actuator (combination of speed and rugged operation) designed by Servo Components and Systems Ltd. The Green Drive actuator has a speed of up to 5m/s and a positional accuracy of 50 microns, making it suitable for a wide range of industrial applications and propelling the linear motor industry forward.

As a result, the demand for linear motors in a variety of industrial applications can be attributed to technological advancements in direct drives, which are fueling the linear motor market's growth.

Market Drivers

The various benefits associated with linear motors, as well as the growing number of industries that use these devices for a variety of purposes, are some of the primary factors expected to drive the global linear motor market revenue growth over the next ten years. Furthermore, linear motors are frequently used in conjunction with servo controls, allowing for easy coordination and cost-effectiveness even in the most complex of configurations. Additionally, their compact design, high accuracy, and low maintenance costs are expected to contribute to the global linear motor industry's continued growth in the coming years.

Linear motion components are used in the machining tools industry to automate processes such as cutting, boring, grinding, shearing, and other types of metal deformation in order to provide a high-reliability and low-maintenance solution. Linear motion components like linear guides, ball screws, linear actuators, linear motors, and so on are designed to maximise the efficiency of equipment that performs repetitive tasks. As a result, there is a strong demand for linear motion's precision and path-following capabilities to provide consistent results with greater versatility than other dedicated cutting machines.

Opportunities

Furthermore, linear motors do not rely on mechanical parts like pulleys, belts, pinions, etc., which are commonly found in traditional systems, and do not need elastic components like couplings, gearboxes, etc., minimising the likelihood of motion errors and backlash. The potential for additional business growth is projected to skyrocket over the next ten years as a result of the aforementioned factors.

Challenges

The high cost and complicated construction of the electromagnets used in linear motors is one of the major issues with them. To raise and transfer one magnet over the other, more powerful electromagnets are needed, which consume a lot of electric power. To overcome this problem, linear motors use superconducting magnets.

COVID-19 Impact on the Global Linear Motor Markets

Due to enforced lockdowns and placed restrictions by respective regulatory bodies in the wake of the recent COVID-19 outbreak, various industries' activities have either been temporarily suspended or are operating with a reduced workforce. This is no different in the global linear motor market, and this factor is expected to have a negative effect on the industry's revenue growth. Furthermore, the relatively high set-up costs associated with the installation and implementation of linear motors in respective industries may limit the global linear motor market's revenue growth in the coming years.

Market Key Players

Some of the key players in the global linear motor market are:

•    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 
•    Fortive 
•    HepcoMotion 
•    SCHNEEBERGER Group 
•    Hitachi Metals, Ltd
•    Hiwin Corporation
•    Jenney Science AG
•    KML Linear Motion Technology GmbH
•    Kollmorgen Corporation
•    Mitsubishi Electric Corporation, Moog Inc.
•    NTI AG LinMot
•    Oswald Elektromotoren GmbH
•    Parker Hannifin Corp
•    PiezoMotor
•    Sodick Co. Ltd.
•    Sumitomo Electric Industries, Ltd.
•    Yaskawa Electric Corporation

Recent Developments

•    NSK introduced high-durability precision ball screws in October 2018 using a new surface processing system. These products can operate with high precision and function in even the most demanding applications.
•    The SCHNEEBERGER Group modified its MONORAIL BM profiled linear guideways with new capabilities in January 2018, making them suitable for a wide range of applications in a number of industries. Because of the existence of optimised rolling materials, these guideways have properties such as smooth working, low pulsation, low friction, and fast travel speeds.
•    MKK and MKR linear modules with new functionalities were introduced by Bosch Rexroth in September 2017. For the familiar space-saving dimensions of the previous set, MKK and MKR linear modules provide a significantly expanded range of equipment choices.

Linear Motor Market Size

Source: VynZ Research

Linear Motor Market Analysis

Source: VynZ Research

Frequently Asked Questions

The global linear motor market was valued at USD 1379.9 million in 2020.
NSK introduced high-durability precision ball screws in October 2018 using a new surface processing system. The SCHNEEBERGER Group modified its MONORAIL BM profiled linear guideways with new capabilities in January 2018, making them suitable for a wide range of applications in a number of industries.
The various benefits associated with linear motors, as well as the growing number of industries that use these devices for a variety of purposes, are some of the primary factors expected to drive the global linear motor market revenue growth over the next ten years.
During the forecast period, Asia-Pacific is expected to continue to hold the largest share of the overall linear motion market in terms of value.
Asia-Pacific region offers great investment opportunities for the investors to witness the significant growth in the near future.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle
Linear Motor Market