The Global Linear Slides Market is estimated to witness 4.3% CAGR during the forecast period. The technology advancements and the rapid industrialization are a few factors that are also contributing to the growth of this market.
— Market Synopsis:
Linear slides, also known as linear-motion bearing, is designed to facilitate free motion in a single direction. It has found applications across different industrial applications. The report offered by Market Research Future (MRFR) observes that the global linear slides market is poised to strike 4.3% CAGR across the assessment period 2019 to 2025.
Linear slides have found application in industries such as automation, packaging, medical, machine tool, semiconductor, automotive assembly, printing, aerospace, food processing, etc. Increasing economic activities in the end-user industries are expected to catapult the linear slides market on growth trajectory. The key advantages offered by the product such as stiffness, high precision, low-friction, etc. are anticipated to drive market growth in the years to come.
The growth of the automotive, as well as the consumer electronics industry, is likely to contribute significantly to the proliferation of the linear slides market over the next couple of years. In addition, the rising and fast-paced adoption of automation and robotics is anticipated to unleash tremendous opportunities for the expansion of the linear slides market in the forthcoming years. Technological advancements are presumed to expedite the growth rate of the market over the next couple of years. On the flip side, the increasing availability of substitutes of the products is projected to impact the growth pattern of the global market negatively in the forthcoming years.
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Based on range type, the global linear slides market has been segmented into un-driven, simple, multi-axis, and turnkey linear.
The segments of the linear slides market, on the basis of slide type, are ball bearing and roller slides.
The application-based segments of the global linear slides market profiled in this MRFR study are automotive assembly, factory automation, packaging tools, medical tools, machine tool, and others.
The segmental analysis of the linear slides market, based on usage, covers industrial and commercial.
On the basis of industry vertical, the segments of the global linear slides market are food, beverage, packaging, automotive, electrical and electronics industry, pharmaceutical, and others.
The regional assessment of the global linear slides market is carried upon regional and country-level basis. The key segments identified in this analysis are - North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). Asia Pacific is observed to account for the largest share of the global market through the forecast period. The growth of the end-user industries such as automotive, packaging, electrical & electronics, etc. are set to boost the growth pace of the linear slides market in the region over the next few years. India, Australia, and China are the prime country-level markets of the region. In addition, other factors such as rising populations, developing economic condition, increasing investments in end-user industries, etc. are supposed to catalyze market growth in the foreseeable future. North America is also prognosticated to witness substantial growth over the next few years.
Bishop-Wisecarver (US), SKF (Sweden), Intralox (US), Del-Tron Precision, Inc. (US), THK Co., Ltd (Japan), IKO International, Inc., Nippon Thompson Co., Ltd. (US), Ball Slides, Inc. (US), Parker Hannifin Corporation (US), PHD Inc. (US), Igus (Germany), Holmarc Opto-Mechatronics (P) Ltd. (India), PIC Design, Inc. (US), and Thomson Industries (US) are few of the prominent participants of the global linear slides market studied in the share analysis included in this report. The players are investing in technological innovations which are projected to intensify the competitiveness of the market over the next couple of years. Some of the approaches expected to be utilized by market leaders for growth are collaborations, mergers & acquisitions, product development, expansion of global footprint, agreements, and partnerships, among others.
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