NEW YORK, August 13, 2018 /PRNewswire/ --
MarketResearch.biz announces publication of its most recently generated research report titled, 'Global Linear Motors Market by Type (Cylindrical, U-Shaped Slot, and Flat Plate), By Application, and by Region/Country - Global Forecast to 2025.', which offers a holistic view of the global linear motors market through systematic segmentation that covers every aspect of the target market. The first four-year cumulative revenue (2018-2021) is projected to be over US$ 5.4 Bn, which is expected to increase considerably over the latter part of the four-year forecast period.
Linear motor is a type of motor that produces thrust in a straight line by direct induction, rather than with the use of gears.
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Global Linear Motors Market: Market Dynamics
Growing demand from various end-use industries coupled with several advantages associated with use of linear motors are major factors driving growth of the global market. In addition, rapid growth of the pharmaceutical industries in emerging economies is another factor expected to support growth of the global market over the forecast period.
However, limited use of linear motors in high-load applications is a major factor restraining growth of the global market currently. Also, high initial investments into linear motors is another factor expected to hamper growth of the global market over the forecast period.
A major and rising trend in the global market is introduction and use of compact linear motors. This trend is expected to continue for the next five years and is another factor expected to support growth of the global market over the forecast period.
Global Linear Motors Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global linear motors market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global linear motors market is expected to expand at a moderate CAGR of 4.8% during the forecast period.
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Global Linear Motors Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, and region/country. The type segment includes Cylindrical, U-Shaped Slot, and Flat Plate. The application segment includes automotive, electronics, food & beverage, machine tools, material handling, medical, petrochemical, pharmaceuticals, printing, packaging & labelling, paper, robotics, semiconductor machinery, textile, mobile off highways, agricultural & construction, wood working, and others. The regions/countries covered in the analysis are US, Europe, China, Japan, Southeast Asia, and Rest of the World.
By Type: The flat plate linear motors segment accounted for highest revenue share contribution as compared to other type segments, and is expected to maintain its dominance over the forecast period. The u-shaped linear motors segment is expected to register a CAGR of over 4.5% between 2018 and 2025.
By Application: The electronics segment accounts for highest revenue share in the global market and the pharmaceuticals segment is expected to register highest CAGR of over 5% during the forecast period.
By Region/Country: The market in Rest of the World accounted for highest revenue share in the global linear motors market in 2017, and is expected to register a CAGR of over 4.2% over the forecast period.
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Global Linear Motors Market: Competitive Analysis
The research report on the global linear motors market includes profiles of some of major companies such as Aerotech Inc., Beckhoff Automation GmbH & Co. KG, ESR Pollmeier GmbH, ETEL S.A., H2W Technologies Inc., Jenny Science AG, NTI AG LinMot, Kollmorgen Corporation, Oswald Elektromotoren GmbH, YASKAWA Electric Corporation, FANUC Corporation, Panasonic Corporation, Mitsubishi Electric Corporation, Sanyo Denki Co. Ltd., and Sodick Co., Ltd.
The Global Linear Motors Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2018-2025 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global linear motors market for 2018-2025.
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