Linear Motion System Market Size, Share, Competitive Landscape and Trend Analysis Report, by System Type, by End-user Industry : Global Report opportunity Analysis and Industry Forecast, 2023-2033

COVID-19 Impact Analysis

• The COVID-19 pandemic ceased the production of various products in the linear motion system industry, which is attributed to the global lockdown. This has hampered the growth of linear motion system market in the years and a similar trend is expected to be seen in the first half of 2022.
• The major demand for linear motion system was previously noticed from giant developed and developing countries, including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for linear motion system.
• Further, the long-term impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Linear motion system manufacturers can afford a lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis.
• Linear motion system manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors

The demand in the manufacturing sector is very high. It is estimated that the manufacturing sector alone comprises 16% of the total global GDP. This trend is expected to drive high demand in the linear motion systems market. Further, linear motion actuators are highly in demand due to their versatile use in many industries, specifically in solar power, and hydro power. This is anticipated to drive demand in the linear motion system market. Further, the trend of rapid industrialization, due to rise in the population and their disposable income, is giving an extra boost to the linear motion systems market. However, the fluctuating prices of the raw materials used for manufacturing components of linear motion systems is a restraining factor, hindering the growth of this market. Contrarily, the demand for automated warehouses is expected to increase in the coming years owing to increase in demand in the e-commerce industry. In addition to that, technological developments in linear motion system products such as adoption of automated operation, use of the internet of things (IoT), and artificial intelligence (AI) can boost the efficiency of the linear motion system. This is anticipated to create lucrative opportunities for the linear motion system market growth during the forecast period.

Market Trends

• New products that contain improved capabilities are launched by leading market players. They take the necessary steps to improve the overall functionality of the products. For instance, in February 2021, the U.S.-based linear motion system manufacturer, Thomson Industries, Inc., launched the Electrak LL electric linear actuator, a durable component designed to work in harsh conditions. The product launch enhanced the product offerings of the company to sustain the competition in the linear motion system market.
• Similarly, competitors in the linear motion system market adopted acquisition as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in August 2021, a U.S.-based industrial conglomerate Novanta, a leader in Industrial Automation, acquired US based Schneider Electric Motion for $115M. This acquisition will help Novanta expand into automatic and robotic applications through advanced motion control solutions.
• Moreover, business expansion strategies assist in enhancing the geographic footprint of the company and help in gaining significant market share for linear motion system products. For instance, in November 2020, Schmeeberger Group, a manufacturer of linear motion systems, expanded its presence in Poland by establishing an additional manufacturing site. The facility is expected to improve the service offerings for linear motion system consumers in the region along with increased production capacity.

Key Benefits of the Report

• This study presents the analytical depiction of the linear motion system industry along with the current trends and future estimations to determine the future investment pockets.
• The report presents information related to key drivers, restraints, and opportunities, along with detailed analysis of the linear motion system market share.
• The current market is quantitatively analyzed to highlight the linear motion system market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed linear motion system market analysis based on competitive intensity and how the competition will take shape in coming years.