[318 Pages Report] Shipments of linear slide units are set to enjoy Y-o-Y growth of 4.9% in 2022 and attain a market valuation of USD 2.4 Billion. With the market predicted to expand at a CAGR of 7.2% (2022 to 2028), the global linear slide units market is projected to reach USD 3.6 Billion by 2028.
| Attribute | Details |
|---|---|
| Linear Slide Units Market Size (2022) | USD 2.4 Billion |
| Predicted Market Revenue (2028) | USD 3.6 Billion |
| Forecasted Growth Rate (2022 to 2028) | 7.2% CAGR |
| Dominant Regional Market | Europe – 36.8% |
Increasing industrialization and automation are anticipated to propel demand for linear slide units. Linear slide unit sales account for 2% of the global bearings marketplace.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 6.4% |
| H1,2022 Projected (P) | 6.7% |
| H1,2022 Outlook (O) | 6.9% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 17 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 47 ↑ |
Future Market Insights presents a comparison and review study of the Linear Slide Units market, which are significantly influenced by certain macro-economic factors, along with certain industrial and innovation aspects. The market for linear slide units is expected to be sustained by their efficiency in continuous operations and their adaptation in the end use industries.
According to FMI analysis, the variation between the BPS values observed in the linear slide units market in H1, 2022 - Outlook over H1, 2022 Projected reflects a positive of 17 units. However, compared to H1, 2021, the market is expected to gain 47 BPS based on current estimation for first half 2022. The automobile industry has seen significant shifts in recent years, fueling demand for automation.
The increasing popularity of EVs is transforming the automobile sector, and automakers are striving to maintain their revenue potential, they are opting for automation, which enhances efficiency while also enabling cost-cutting.
Linear slide unit suppliers are also concentrating on producing linear slide units for robotic automation, which is becoming popular in the automobile sector. Manufacturers of linear slide units are also focused on potential in special purpose machine (SPM) production.
Key developments included in the market includes, manufacturers engagements in research and development of new creative products and solutions for technologically advanced automation systems. Linear slide unit providers are also concentrating on mergers and acquisitions to expand their worldwide market presence and optimize revenue possibilities.
Linear slide unit shipments increased at a steady CAGR of 5.9% from 2013 to 2021 and ended up with a valuation of USD 2.2 Billion in 2021. Industry 4.0 has become the new norm in the industrial sector and has largely propelled the demand for automation in multiple verticals such as automotive, packaging, etc.
Linear slide unit demand is anticipated to be upheld by their efficiency in continuous operations. Belt drive units are expected to see high preference as they have high speed while being continuously operated.
Rising industrial activity, increasing demand for automation, rising use of robotics, increasing research and development for industrial machinery, and rising technological proliferation in multiple industries are some major factors that influence linear slide units market potential over the forecast period.
Rising availability of substitutes for linear slide units is anticipated to hinder market potential to a certain extent, but this factor is expected to come into play later during the forecast period. The linear slide units market is projected to evolve at a CAGR of 7.2% from 2022 to 2028.
Principal Consultant
Increasing Demand for Industrial Automation to Boost Sales of Linear Units
Industry 4.0 trend has substantially increased in popularity over the past few years and this is largely influencing multiple industries to increase focus on automation. Automation is anticipated to see a major hike in demand as many companies realize its benefits in productivity and profitability.
Linear slide units are crucial in robotic automation and have proven extremely effective in improving inline operations. These factors are expected to boost linear slide unit shipments through 2029.
For instance, in August 2021, The Timken Company, a leading name in the engineered bearings industry, announced the acquisition of Intelligent Machine Solutions (iMS). With this acquisition, Timken is looking to bolster its Rollon® linear motion product range and other robotic automation solutions to provide customers with a more effective solutions package.
Consumption of Linear Slide Units High in European Region
This research report by FMI analyses the demand for linear slide units across North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).
The North America linear slide units industry, which currently holds a market share of 22.2% in the global landscape, is expected to see steady rise in demand. Increasing adoption of linear slide units in nations such as the USA and Canada is expected to majorly influence market potential in North America.
South Asia and East Asia are anticipated to be highly lucrative markets for linear slide units over the forecast period. Rising industrial activity in these regions is expected to majorly influence linear slide unit consumption. In 2022, East Asia and South Asia account for 18% and 12.5% of the global linear slide units marketplace. Economies like China and India are anticipated to be highly popular markets in these regions.
The Europe linear slide units market is holding a dominant share of 36.8% in the global space. Increasing industrialization and the rising popularity of automation in this region are expected to boost shipments of linear slide units through 2028.
Accounting for the least market share of 6% at present, the MEA linear slide units market is expected to provide lucrative opportunities later as industrialization paces in the region.
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Rising Popularity of Automation in End-use Industries to Boost Shipments of Linear Slide Units
China is anticipated to prove extremely rewarding for linear slide unit vendors owing to the presence of a massive industrial sector. Automation in industries like automotive and machine-building is expected to majorly propel the demand for linear slide units in China. Increasing investments in the manufacturing sector and supportive government initiatives are also expected to guide linear slide unit consumption through 2029.
Advanced Material Technology to Majorly Influence Linear Slide Units Market Potential
Introduction to advanced material technology has largely influenced linear slide unit demand in India. Through this technology corrosion resistance and higher temperature resistance can be obtained from linear slide units which increases productivity and efficiency of the complete industrial facility. Technological proliferation has increased in India as the nation is subject to rapid urbanization and industrialization on a mass scale.
Increasing investments in automation of multiple facilities in India and the rising popularity of advanced material technology are anticipated to govern the sales of linear slide units in India.
Automotive Sector Expected to Exhibit Lucrative Opportunities for Linear Slide Unit Sales
The automotive sector has undergone major transformations over recent years and this has propelled demand for automation in this industry. The automotive industry is being major transformed by the rising popularity of EVs and since automotive manufacturers are struggling to keep up their revenue potential, they are opting for more automation as it improves productivity and also enables cost-cutting.
Linear slide unit vendors are also focusing on developing linear slide units for robotic automation which has seen an increase in application in the automotive industry. Linear slide unit manufacturers also are focusing on opportunities from special purpose machine (SPM) manufacturing.
Linear slide unit manufacturers are investing in the research & development of new innovative products and solutions for technologically advanced automation devices. Linear slide unit vendors are also focusing on mergers and acquisitions to increase their market presence on a global level and maximize revenue potential.
In February 2022, Güdel, a Switzerland-based machine components manufacturer, announced the formation of its new business entity to serve its customers in the United States. The new Güdel Americas is aimed at providing better services to customers in the USA, Mexico, and Canada.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | Units for Volume, USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, India, Indonesia, Malaysia, Singapore, Australia, New Zealand, Turkey, South Africa, and GCC Countries |
| Key Market Segments Covered | Pricing, Drive, Guide, Capacity, Application, End Use, Region |
| Key Companies Profiled | Festo Group; SMC Corporation; THK CO. LTD.; Parker Hannifin; Igus GmbH; Phoenix Mecano AG; SKF Group; Hiwin Corporation; Thomson Industries Inc.; Saiprasad Enterprises |
| Pricing | Available upon Request |
In 2022, the global linear slide units market stands at a net valuation of USD 2.4 Billion.
By 2028, the global linear slide units market is expected to reach USD 3.6 Billion.
Festo Group, SMC Corporation, THK CO. LTD., Parker Hannifin, Igus GmbH, Phoenix Mecano AG, and SKF Group are key manufacturers of linear slide units.
Rising industrialization and increasing popularity of automation are expected to majorly sculpt linear slide units market potential.
Demand for linear slide units is anticipated to rise at a CAGR of 7.2% from 2022 to 2028.
1. Executive Summary 2. Market Introduction 3. Market Background 4. Market Forecast 5. Global Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Pricing 5.1. Premium 5.2. Medium Range 5.3. Low Range 6. Market Attractiveness Analysis By Pricing Global Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Drive 6.1. Ball Screw 6.2. Belt Drive 7. Global Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Guide 7.1. Ball Guide 7.2. Slide Guide 7.3. Wheel Guide 8. Global Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Capacity 8.1. 8 8.2. Less than 50 Kg 8.3. Between 50 to 100 Kg 8.4. Between 100 to 150 Kg 8.5. Above 150 Kg 9. Global Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Application 9.1. Pick & Place 9.2. Packaging 9.3. Inline Production 10. Global Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by End Use 10.1. Food & Beverage 10.2. Packaging 10.3. Retail & E-commerce 10.4. Machine Building & SPM 10.5. Automotive 10.6. Pharmaceutical 11. Global Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Region 11.1. North America 11.2. Europe 11.3. South Asia 11.4. Latin America 11.5. East Asia 11.6. India 11.7. Middle East and Africa (MEA) 12. North America Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028 13. Latin America Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028 14. Europe Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028 15. South Asia Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028 16. East Asia Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028 17. India Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028 18. Middle East and Africa Linear Slide Unit Market Analysis 2013 to 2021 and Forecast 2022 to 2028 19. Competition Analysis 19.1. Festo Group 19.2. Bosch Rexroth AG 19.3. SMC Corporation 19.4. THK CO., LTD. 19.5. Parker Hannifin 19.6. Igus GmbH 19.7. Phoenix Mecano AG 19.8. SKF Group 19.9. Hiwin Corporation 19.10. Thomson Industries, Inc. 19.11. Saiprasad Enterprises 20. Assumptions and Acronyms Used 21. Research Methodology
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Linear Slide Units Market
