Linear Motor Market: Global Industry Analysis and Forecast (2023-2029)

Linear Motor Market size is expected to reach US$ 2.35 Bn. by 2029, growing at a CAGR of 6% during the forecast period.
Linear Motor Market Overview:
According to Maximize Market Research's latest research report on the linear motor market for the historical period 2017–2022 and the forecast period 2023–2029, increased use of linear motors in machine tools, electronics & assembly, and robotics, along with increased use of linear motors in electronics, food & beverages, and semiconductor sectors, are expected to boost the linear motor market during the forecast period.

Linear motors are used to provide high force at low speeds. It functions similarly to torque motors but has a distinct construction. The former has a flat surface, while the latter has a crystal structure. Maintenance, wear, and backlash difficulties found in the belt, ball screw, and other opinion-based and rack motion control systems can be reduced by using various types of motor design.To know about the Research Methodology:-Request Free Sample Report
Linear Motor Market Dynamics:
Growing Adoption across Various Industry:

The growing demand from end-use sectors such as semiconductor, material handling, electronics, and automotive is one of the primary drivers driving the linear motor market's growth across the globe. In addition, the linear motor market is rising due to the extra benefits of linear motors over traditional motors and the increased need for medical equipment. Its market growth has been hampered by its hefty installation costs. However, the market is expected to rise due to the fast-growing pharmaceutical industry in developing countries.

All packaging machinery and food products are built on the foundation of automation. Larger production numbers, changing package amounts, and monitoring and recording all processes are all issues that machine builders encounter. All manufacturers want their products to be produced in a controlled and safe environment. The linear motors assist machine builders in delivering the best components for moving packaging and manufacturing processes in the food and beverage industry.

The market for linear motors is experiencing an increase in demand across the globe. The use of this motor system delivers fast reaction, zero backlashes, high precision combined with speed, and numerous growth potential in the global market over the forecast time. It has a wide range of applications, including medical, electronics, and semiconductors, which means there are more prospects for growth over the review time.

Growing Application of Linear Motor:

Players in the linear motor industry are gaining access to new business opportunities in additive manufacturing. Linear motors enable to increase manufacturing speed and scalability while cutting costs. In additive manufacturing, there is a growing demand for reproducible and dependable equipment, which has spurred the demand for linear motors. Companies, which manufacture linear motors are developing designs that are very dynamic, adaptable, and modular. For example, Beckhoff, is gaining popularity for its modular coil design in linear motors, which can be used instead of traditional drive systems like rack-and-pinion.

High Cost of Installation and Maintenance:

Even though the linear motors market is growing at an astonishing rate, some things are limiting its growth. High set-up, installation, and implementation expenses stifle market growth because they are out of reach for countries in diverse impoverished regions. The expense of maintenance is likewise expensive. In addition, the market's growth is expected to be hampered by a lack of availability in various locations. The lack of public understanding about the various applications of linear meters limits the market's growth to a large extent.
Linear Motor Market Segment Analysis:
Based on Design, the Linear Motor Market is segmented into Flat-bed, U-channel, and Cylindrical. The Cylindrical linear motor segment held the largest market share, accounting for 49% in 2022, and continue to dominate the worldwide market over the forecast period. Cylindrical linear motors will continue to be highly preferred since they are a cost-effective alternative to screw-driven rod-type actuators. Linear motors provide fast speed and acceleration, precision positioning, and the capacity to tolerate high duty cycles in rod-style thrust applications.

Flat-bed linear motors have a significant advantage over flat and U-channel linear motors in terms of efficiency. Both the magnetic field and the current are perpendicular to the force's direction.
Based on Application, the Linear Motor Market is segmented into Electronics and Assembly, Food and Beverage, Medical and Scientific, Machine Tools - Metal Forming and Metal Cutting, Packaging and Labeling, Robotics, Semiconductor, and Others. The Electronics and Assembly segment held the largest market share, accounting for 34% in 2022. As the globe draws closer to automation and smart technology, the demand for electronics and assembly has increased dramatically. Linear motors are helping to meet this ever-increasing need by extending the life of motion-control devices like lead screws. In addition, the car industry's significant electronics applications have boosted demand for semiconductors, which rely heavily on linear motion technology. In the electronics and assembly area, this has resulted in major revenue sources.
Linear Motor Market Regional Insights:
The Asia Pacific region held the largest market share accounting for 36% in 2022. The region’s growth is attributed to the growing use of Linear motors in a variety of applications such as control and test equipment, process control, lithography, wafer, and die-level packaging in the region. The market demand is fueled by the existence of countries such as Taiwan, China, South Korea, and Japan.

As linear actuators and other systems are widely used in Asia-Pacific, the area is expected to see the fastest increase in linear motion systems over the forecast period. Because of the enormous deployment in the country's dominant electronic and automobile manufacturing industries, China is leading the area in terms of motion system adoption. The industry is growing at a rapid pace in other economies in the region, such as India, the market under consideration has a lot of growth opportunities.

The Europe region market is expected to grow at a CAGR of 5.9% during the forecast period. The region’s growth is attributed to the presence of well-established sophisticated technology infrastructure. In addition, this region contributes the most linear motor components. Another motivating element is a high per capita disposable income.

The objective of the report is to present a comprehensive analysis of the Linear Motor Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Linear Motor Market dynamics, structure by analyzing the market segments and projecting the Linear Motor Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Linear Motor Market make the report investor’s guide.
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Global Linear Motor Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 1.56 Bn.


Forecast Period 2023 to 2029 CAGR:
6%
Market Size in 2029:
US $ 2.35 Bn.


 Segments Covered:
by Design
• Flat-bed
• U-channel
• Cylindrical


by Sales Channel
• Direct OEM
• Direct System integrator
• Distributors


by Axis
• Single-axis
• Multi-axis


by Application
• Electronics and Assembly
• Food and Beverage
• Medical and Scientific
• Metrology
• Flat Panel Display
• Machine Tools - Metal Forming and Metal Cutting
• Packaging and Labeling
• Printing, Robotics
• Non-industrial Application
• Semiconductor
• Others



Linear Motor Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Linear Motor Market, Key Players are:
• Aerotech Inc.
• Beckhoff Automation GmbH & Co. KG
• ESR Pollmeier GmbH
• ETEL S.A.
• H2W Technologies Inc.
• Jenny Science AG
• NTI AG LinMot
• Kollmorgen Corporation
• Oswald Elektromotoren GmbH
• YASKAWA Electric Corporation
• FANUC Corporation
• Panasonic Corporation
• Mitsubishi Electric Corporation
• Sanyo Denki Co. Ltd.
• Sodick Co., Ltd.
• Yaskawa Electric Corporation
• Rockwell Automation, Inc
• Moog Inc.
• KML Linear Motion Technology GmbH
• BOSCH Rexroth
• ANCA
• Hiwin Corporation
• PiezoMotor
• Sumitomo Electric Industries, Ltd.

Frequently Asked Questions:

1. Which region has the largest share in Linear Motor Market?
Ans: Asia Pacific region holds the highest share in 2022.

2. What is the growth rate of Linear Motor Market?
Ans: The Linear Motor Market is growing at a CAGR of 6% during forecasting period 2023-2029.

3. What segments are covered in Linear Motor market?
Ans: Linear Motor Market is segmented into Design, Axis , Application and Region.

4. Who are the key players in Linear Motor market?
Ans: The important key players in the Linear Motor Market are Aerotech Inc., Beckhoff Automation GmbH & Co. KG, ESR Pollmeier GmbH, ETEL S.A.,H2W Technologies Inc., Jenny Science AG, NTI AG LinMot, Kollmorgen Corporation, Oswald Elektromotoren GmbH

5. What is the study period of this market?
Ans: The Linear Motor Market is studied from 2022 to 2029.