Covid-19 Impact on Linear Motion Systems market

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Covid-19 Impact on Linear Motion Systems market by Application (Packaging, Machine Tools, Palletizing, Robotics, Material Handling Equipment and others) by Type (Single-Axis Linear Motion System and Multi-Axis Linear Motion System), by Region - Forecast till 2023

Covid-19 Impact on Linear Motion Systems

market Research Report By Forecast 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


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Covid-19 Impact on Linear Motion Systems market Forecast To 2023

Covid-19 Impact on Linear Motion Systems market Forecast To 2023

Market Research Future (MRFR), in its latest “Covid-19 Impact on Linear Motion Systems market”

report, details drivers and limitations of the market and the influence of key players on its growth. The

global linear motion system market is expected to thrive at 7.8% CAGR in the review period (2017 to

2023). The robotics trend is observed to cast a positive impact on the linear motion system market

that is expected to assert a hike in the market valuation by the end of the evaluation period. In 2017,

MRFR recorded the market at value USD 5.35 billion. By 2023, the linear motion system market is

expected to reach worth USD 8.76 Billion. The growing application of linear motion systems in

packaging, material handling, and machine tools are expected to promote growth of the Covid-19

Impact on Linear Motion Systems market 2020.


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Covid-19 Impact on Linear Motion Systems market Forecast To 2023

“Taste the market data and market information presented through more than 50 market data tables

and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content

TOC & market synopsis on Covid-19 Impact on Linear Motion Systems market Forecast To 2023”

• Multi-axis linear motion systems and single-axis linear motion systems are type-based segments of

the Covid-19 Impact on Linear Motion Systems market. The multi-axis linear motion system

accounts for a grand share of the global market. The advantage of low consumption of less than

30kW power is resulting in the increased demand for multi-axis liner motion systems. The multi-axis

liner motion systems segment is expected to generate revenue greater than USD 2 million by 2023.

MRFR estimates the segment to value at USD 5.70 billion by 2023.


Covid-19 Impact on Linear Motion Systems market Forecast To 2023

Global Covid-19 Impact on Linear Motion Systems market Segmented on the basis of

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The worldwide linear motion system market’s segmental analysis is based on application and type. These

indispensable insights assist investors to identify growth opportunities.

Multi-axis linear motion systems and single-axis linear motion systems are type-based segments of the

Covid-19 Impact on Linear Motion Systems market. The multi-axis linear motion system accounts for a

grand share of the global market. The advantage of low consumption of less than 30kW power is resulting

in the increased demand for multi-axis liner motion systems. The multi-axis liner motion systems segment

is expected to generate revenue greater than USD 2 million by 2023. MRFR estimates the segment to

value at USD 5.70 billion by 2023. The single-axis linear motion system is expected to exhibit 6.6% CAGR

across the review period. The high rate of adoption of multi-axis linear motion systems over single-axis

linear motion system is due to affordability.

Machine tools, packaging, palletizing, material handling equipment, robotics, and others are applicationbased

segments of the global Covid-19 Impact on Linear Motion Systems market. Robotics is booming. It is

experiencing high rate of adoption across different sectors due to the surging need for industrial

automation. Thus, it is expected to impel the expansion of the global market of linear motion system

through the review period.

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Covid-19 Impact on Linear Motion Systems market Forecast To 2023

Global Covid-19 Impact on Linear Motion Systems market - Geographical Analysis

The Covid-19 Impact on Linear Motion Systems market is expected to expand at 11.7% CAGR through the review

period in the Asia Pacific region, due to the presence of some of the major linear motions systems dealers in the

region. In 2017, MRFR recorded the liner motion systems market worth at USD 804.7 million. The growing need

for robust transportation systems are creating scope for investors to invest in the development of linear motion

systems. This is likely to cause the regional market to exceed its historic value by the end of the study period.

Japan hosts major key players, hence is likely to hold the pole position in the APAC Covid-19 Impact on Linear

Motion Systems market, followed by India and China. In North America, industrial automation is the next normal.

Robotics trends are observed across manufacturing units. Thus, the increased application of linear motion systems

is expected to propel the North America linear motion system market growth.

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Covid-19 Impact on Linear Motion Systems market Forecast To 2023

Global Covid-19 Impact on Linear Motion Systems market

- Competitive Analysis

• Rollon SpA (Italy), Bosch Rexroth AG (Germany), SKF AB (Sweden), Schneeberger AG (Switzerland), Schneider

Electric Motion USA (US), Thomson Industries, Inc. (the US), Bishop-Wisecarver (US), Nippon Bearing Co., Ltd

(Japan), Lintech (US), and Hepco Motion (England) are some well-known companies that are identified to function

in the global Covid-19 Impact on Linear Motion Systems market. The fourth industrial revolution had laid the

ground for strong key players to secure a strong foothold in the market. Their high value innovations are likely to

positively impact lives of people, which is observed as a strong growth inducer for the market. Strategic

approaches adopted by vendors to achieve long-term growth goals is likely to favor the market.

• Browse Report @ https://www.marketresearchfuture.com/reports/linear-motion-system-market-

6200


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