Revving up the Future: Forecast and Growth Analysis of the Global Linear Motor Market (2023-2030) Featuring Parker, Bosch, Moog, and Yaskawa Electric
Linear motors are electrically powered, and they have been gaining steady popularity over the years. As the global demand for automation and robotics continues to rise, the linear motor market has witnessed significant growth. The market is expected to continue growing over the next decade. A recent report by ReportLinker predicted that the global linear motor market will grow from $1.7 billion in 2020 to $2.5 billion in 2025, at a CAGR of 7.6% during the forecast period. The report highlights some of the key players in the industry such as Parker-Hannifin Corporation, Bosch Rexroth AG, Moog Inc., and Yaskawa Electric Corporation.
Market Segmentation and Drivers
The linear motor market is studied based on motor type, application, and industry. By motor type, the market is segmented into the cylindrical linear motor, flat linear motor, and U-channel linear motor. By application, the market is segmented into material handling, packaging, food and beverage, pharmaceuticals, automotive, electronics, and others. By industry, the market is segmented into industrial, medical, and aerospace and defense.
The increasing demand for automation, along with the rising need for industrial robotics in the manufacturing sector, is driving the growth of the global linear motor market. The pharmaceutical and food and beverage industries are expected to be key drivers of growth in the coming years as rising demand for high accuracy, controllability, and precision in the manufacturing process drives the need for linear motors.
Key Players in the Market
Parker-Hannifin Corporation is a leading player in the global linear motor market. The company offers various types of linear motors, including permanent magnet linear motors and linear induction motors. Bosch Rexroth AG, a subsidiary of Robert Bosch GmbH, is another major player in the industry. The company offers linear motors for a wide range of applications, including machine tool, semiconductor, medical, and metrology.
Moog Inc., an American technology company, is also a key player in the global linear motor market. The company offers various types of linear motors, including moving magnet linear motors, and ironcore linear motors. Yaskawa Electric Corporation, a Japanese company, is another leading player in the industry. The company offers a range of linear motors, including linear motor stages, linear servo motors, and linear direct drive motors.
Geographical Analysis
The Asia Pacific region is expected to dominate the global linear motor market during the forecast period. The growth in this region is attributed to the presence of major manufacturing hubs such as Japan, China, and South Korea. The region is also witnessing a rise in the adoption of automation and robotics in various industries such as automotive, food and beverage, and pharmaceuticals.
Conclusion
The global linear motor market is expected to witness significant growth during the forecast period. Factors such as the rising demand for automation and robotics in the manufacturing sector, increasing demand for high accuracy and precision in the manufacturing process, and the growth of the pharmaceutical and food and beverage industries are expected to drive the market growth. Key players such as Parker-Hannifin Corporation, Bosch Rexroth AG, Moog Inc., and Yaskawa Electric Corporation are expected to play a critical role in shaping the market’s growth trajectory in the coming years.
Summary: The global linear motor market is expected to grow from $1.7 billion in 2020 to $2.5 billion in 2025, at a CAGR of 7.6% during the forecast period. The market is driven by the increasing demand for automation, rising demand for high accuracy and precision in the manufacturing process, and the growth of the pharmaceutical and food and beverage industries. Leading players such as Parker-Hannifin Corporation, Bosch Rexroth AG, Moog Inc., and Yaskawa Electric Corporation are expected to shape the market’s growth trajectory. The Asia Pacific region is expected to dominate the global linear motor market during the forecast period. #BUSINESS