The global market for linear motion systems is primarily being driven by the rising need for automation in manufacturing applications and the growing awareness of the eco-friendly features of linear motion system devices in lowering carbon emissions.
The primary obstacle to the market's expansion is high costs and the cost of designing.
Rapid industrialization and a rising push toward automation are two major market trends that are driving the industry's expansion.
The linear motion system market size was estimated to be US$ 9.25 billion in 2021.
The linear motion system market is anticipated to expand at a CAGR of 7.2% from 2023 to 2032.
The demand for linear motion systems in the Asia-Pacific region is anticipated to grow significantly because of increased industrial activity, technological breakthroughs and well-established companies that provide these systems.
Copyright © 2023 Same Page Management Consulting Pvt. Ltd. (insightSLICE) | All Rights Reserved