Linear Motion Techniques Market place 2020-2024 | COVID-19 Impression Examination and Business enterprise Continuity Prepare for the New Ordinary

LONDON–(Business enterprise WIRE)–Nov 24, 2020–

The new linear motion methods sector Investigation from Technavio implies neutral advancement in the short phrase as the business affect of COVID-19 spreads.

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Technavio has announced its newest market place study report titled World Linear Movement Methods Market 2020-2024 (Graphic: Company Wire)

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“One of the primary growth drivers for this current market is the improve in demand from customers for automatic product dealing with in the industrial sector,” suggests a senior analyst for the Industrials sector at Technavio. As the marketplaces recover, Technavio expects the linear movement units market place sizing to develop by $ 1.48 bn all through the period 2020-2024.

Linear Movement Methods Marketplace Section Highlights for 2020

  • The linear movement methods marketplace is expected to submit a 12 months-about-year development level of -1.08{85c16f81fc5dabce484457efac4d3039cfe39bcaa7e9a730a42e3fac0503abba}.
  • Primarily based on the software, the content managing gear section led the current market in 2019. The advancement of the section is driven by the boost in demand from close-consumer segments these kinds of as electronics and semiconductors, clinical gear manufacturing, and F&B.
  • The market place expansion will be sizeable in the section in the course of the forecast period of time.

Regional Investigation

  • 51{85c16f81fc5dabce484457efac4d3039cfe39bcaa7e9a730a42e3fac0503abba} of the development will originate from the APAC location.
  • Elements this kind of as rapid industrialization, growing governing administration investments in robots, equipment applications, and content dealing with devices will push linear motion devices industry advancement in APAC throughout the forecast interval.
  • China and Japan are the crucial markets for linear movement units in APAC. Industry expansion in this region will be a lot quicker than the progress of the industry in Europe, North The us, and MEA.

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  • The linear movement programs industry sizing is envisioned to accelerate at a CAGR of around 3{85c16f81fc5dabce484457efac4d3039cfe39bcaa7e9a730a42e3fac0503abba} through the forecast period.
  • The linear motion programs market place is segmented by Application (Product handling devices, Device instruments, and Robots) and Geography (APAC, Europe, North The us, South The usa, and MEA).
  • The industry is fragmented thanks to the existence of lots of/several proven distributors holding substantial marketplace share.
  • The investigate report offers information on a number of current market sellers, together with Altra Industrial Motion Corp., Hepco Holdings Ltd., HIWIN Technologies Corp., Nippon Thompson Co. Ltd., Robert Bosch GmbH, Rockwell Automation Inc., SCHNEEBERGER Team, Schneider Electric SE, The Timken Co., and THK Co. Ltd.

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About Us

Technavio is a leading worldwide technological know-how investigation and advisory organization. Their research and investigation focuses on rising market traits and offers actionable insights to assist companies detect market prospects and create successful methods to optimize their market positions. With around 500 specialised analysts, Technavio’s report library is made up of far more than 17,000 experiences and counting, masking 800 systems, spanning throughout 50 nations around the world. Their consumer foundation consists of enterprises of all measurements, which include much more than 100 Fortune 500 firms. This escalating client base depends on Technavio’s comprehensive protection, in depth investigate, and actionable market place insights to recognize prospects in current and prospective marketplaces and evaluate their aggressive positions within just transforming industry eventualities.

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