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I AgreeAnalysis of Linear Motor market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global Linear Motor market is likely to be valued at US$ 1.17 Billion in FY 2022, up from US$ 1.1 Billion in 2021.
Report Attributes | Details |
Anticipated Base Year Value (2021) |
US$ 1.1 Billion |
Expected Market Value (2022) |
US$ 1.17 Billion |
Projected Forecast Value (2032) |
US$ 2.1 Billion |
Global Growth Rate (2022-2032) |
6% CAGR |
Growth Rate of the U.S Market (2022-2032) |
5.8% CAGR |
Expected Market Value of China (2032) |
US$ 1.5 Billion |
U.K Market Expansion Rate (2022-2032) |
5.6% CAGR |
Key Companies Profiled |
|
During the past year, the industry registered a Y-o-Y increase worth 6.3%. From 2022 to 2032, Linear Motor sales are poised to flourish at a CAGR of 6% to reach a value of US$ 2.1 Billion by the end of 2032.
Demand for Cylindrical Linear motors will continue to thrive, with a documented CAGR of 5.3% during the 2015-2021 historical period of assessment, while demand for Linear motors in the Electronics segment proliferated at a rate of 5.3% during the same period. The APAC will dominate the global market, registering a growth opportunity worth US$ 1.5 Billion from 2022 to 2032.
Numerous technological advancements in industrial production, including additive manufacturing and robotic automation, have paved the way for increased linear motor adoption.
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From 2015 to 2021, market demand for linear motors surged at a CAGR of 6.3%. Over the years, industrial output has inclined significantly across several domains, most importantly across the automotive and industrial goods sectors. This has boded well for linear motor sales, as end-users seek to incorporate highly advanced manufacturing technologies.
Growth was significantly impacted amid the pandemic crisis, with mandatory shutdowns imposed across major industries to curb the spread of the virus. This impacted automotive and other goods production cycles for a brief period. However, prospects have been restored since the latter half of 2021. During the 2022-2032 forecast period, the market is slated to flourish 1.8x.
Piezoelectric Device Manufacturing is Deploying Linear Motor Technology
Piezoelectric devices are widely deployed in small stroke actuators and sensors for use in various applications. As the technology has evolved, these devices are now being supported with a range of linear and rotary motion devices that offer precision motion control down to nanometer precision.
However, it has been found that the total cost of these piezoelectric devices is relatively high, and is primarily used in premium markets such as semiconductors, optics, and photonics. This issue has led to continued research in new methods for configuring and controlling piezoceramic materials with novel techniques to establish motion devices.
Companies manufacturing linear motors should collaborate with researchers, such as at the Kiev Polytechnic Institute, Ukraine, to create a portfolio of patents in linear and rotary motion devices that provide useful technical benefits.
Additive Manufacturing to Act as an Emerging Application Area in Linear Motor Market
Linear motor players are unlocking potential growth prospects in additive manufacturing. Linear motors help deliver speed and scale to production while lowering costs. The increasing demand for repeatable and reliable machines in additive manufacturing has fueled the demand for linear motors. Texas-based start-up Essentium is a pioneer, offering the High-Speed Extrusion (HSE) polymer AM machine.
Highly dynamic, flexible, and modular designs in linear motors are being developed by companies manufacturing linear motors. For instance, Beckhoff is gaining popularity for its modular coil design in linear motors that serve as an alternative to conventional drive systems such as rack-and-pinion.
High Cost of Installation and Maintenance to Restrict Market Growth
Even though the linear motors market is budding at a staggering rate, few aspects are still restraining its growth. Excessive set-up, installation, and implementation expenditures stifle market growth because they are out of the stretch for countries in diverse penurious regions. The expense of upholding is equally expensive.
Additionally, the market's growth is likely to be hindered by a lack of availability in various locations. The dearth of public understanding about the several applications of linear motors confines the market's growth to a great extent.
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Greater Industrial Expansion in China to Propagate Demand for Linear Motor
China accounts for the majority of global industrial output across key domains. According to Trading Economics, China’s industrial production rose by over 14% Y-o-Y in March 2021. Chemical manufacturing, automotive, and cement are amongst the top three industry giants across the country.
Hence, the uptake of linear motors for easing manufacturing progress is increasing at an impressive pace. Prominent linear motor suppliers across the East Asian giant include Xinchang Maiqi Drive Technology Co. Ltd., Wuxi JDR Automation Equipment Co. Ltd., and CHANGZHOU JKONGMOTOR CO. LTD. among others. Fact.MR forecasts that the Chinese Linear Motor Market is estimated at nearly US$ 800 Million in 2022 and is likely to expand to US$ 1.5 Billion, following a CAGR of 6.5% throughout the forecast period.
Advancement in Aerospace Industry to Induce Linear Motor Manufacturing
The Japanese market is expected to yield major expansion opportunities amid its superior position in the field of electronics, automotive, and aerospace industries among others. Currently, the Japanese automotive industry is worth over US$ 400 Billion, employing over 8% of its workforce. Likewise, Japan’s aerospace industry has a strong international reputation, particularly in the field of research and development (R&D).
Recently, however, it has shifted its focus from R&D to the commercialization of space technology. However, the most promising industry is robotics, which will significantly employ linear motor systems in the forthcoming years. As per Fact.MR’s market analysis report, the Japanese Linear Motor Industry is forecasted to exceed US$ 1.3 Billion by 2032, following a CAGR growth rate of 5.7% during the conjecture period.
Country-wise Value CAGRs for Linear Motor (2022-2032)
U.S |
5.8% |
U.K |
5.3% |
China |
6.5% |
Japan |
5.7% |
South Korea |
5.9% |
Spiraling Application of Electronic Equipment Opens Countless Growth Prospects for Manufacturers
As the world rapidly moves towards automation and smart technology, demand for electronics & assembly has been surging manifold. Linear motors are catering to this ever-increasing demand by helping enhance the longevity of motion-control enabled devices such as leadscrews.
Moreover, extensive electronics applications across the automotive industry have heightened demand for semiconductors, which majorly rely on linear motion technology. This has generated significant revenue streams in the electronics & assembly segment. The latest analysis reveals that this segment is likely to document a 5.1% CAGR over the assessment period.
In-grown Capabilities of Cylindrical Linear Motors Augments the Market Growth
By design, cylindrical linear motors shall remain highly preferred as it is an effective alternative to screw-driven rod-type actuators. In rod-style thrust applications, linear motors provide high speed and acceleration, precise positioning, and the ability to withstand high duty cycles.
The primary benefit of tubular linear motors over flat and U-channel types is their high efficiency. The direction of the force is perpendicular to both the magnetic field and the current. Fact.MR’s forecast that the foresaid market segment will proliferate at a growth rate of 5.3% in the next decade.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Prominent Linear Motor providers are reliant on partnerships, collaborations, acquisitions, and new software launches to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.
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As of 2021, Fact.MR estimated the Linear Motor market to have reached US$ 1.1 Billion
By 2022, Fact.MR expected demand for Linear motors to reach US$ 1.17 Billion
From 2015-to 2021, the Linear Motor market grew at a 5.8% value CAGR
From 2022-to 2032, Linear Motor demand is likely to surge at a 6% CAGR
By 2032, the market for Linear motors is likely to be valued at US$ 2 Billion
By 2032, Fact.MR expects the U.S market for Linear motors to reach US$ 1.4 Billion
China is expected to register a 6.5% CAGR in the Linear Motor industry
South Korea and Japan are expected to document CAGRs worth 5.7% and 5.9% respectively in the Linear Motor market
Cylindrical Linear Motor will be maximum, expanding at a 5.1% CAGR
Linear Motor in Electronics & Assembly industry will remain most preferred, expanding at a CAGR of 5.3% until 2032