linear motion system market

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linear motion system market Forecast To 2023
Global linear motion system market Segmented on the basis of
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
linear motion system 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 linear motion system 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.