Linear Guide Market Size, Share, Growth, and Industry Growth by Type (Ball Guide Rail, Roller Guide Rail, Needle Guide Rail and Others) By Application (CNC Machine, Automation Equipment, Precision Electronic Machinery and Others), Regional Insights, and Forecast from 2023 to 2031

Updated On: 13 November 2023

Linear Guide Market REPORT OVERVIEW

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The Linear Guide Market size is expected to grow USD 2292 Million in 2022 to USD 3455.24 Million by 2031 at a Compound Annual Growth (CAGR) of 4.7% from 2022 to 2031.

In recent years, the potential prospects for the linear guide market have been many thanks to the development of the industrial and automotive industries. The demand for linear guides is anticipated to rise during the projected period due to the rising number of manufacturing companies and also because of the fast industrialization.

It is more typical to employ linear guides to support the mobility of an application. The machine table may be moved in either the X or Y directions with the aid of the linear guide, a block and rail system. The industrial industry throughout the world is constantly improving, which is helping the market for linear guides develop. Applications for linear guides include wire EDM machines, automation equipment, CNC machines, and precision electronic machinery. Linear guides are frequently employed when it comes to moving big objects.

Additionally, robust properties of linear guides including high durability, the ability to bear high loads depending on the application, minimal friction between blocks and high precise accuracy and equal loading are anticipated to play a major role in the increase in demand for linear guides.

COVID-19 Impact: Interrupted Industrial Activities to Challenge the Market

Many businesses, including the industrial and automotive sectors, have been impacted by COVID-19. Industries are grappling with issues including interrupted industrial activities and affected supply chains as a result of lockdowns that have been enforced by governments of numerous nations. The lockdown has also interfered with the movement of the items.

The market for linear guides has suffered as a result of these problems. The linear guide industry has experienced significant losses as a result of having to halt all manufacturing. Because of the COVID-19 pandemic, this has caused the expansion of the linear guide market to slow.

LATEST TRENDS

"Development in Automation Industry to Boost the Market"

Almost every industry of the global economy is seeing automation. As a result, major industry participants in the production of linear guides are also attempting to incorporate automated processes. Artificial intelligence integration is one of the trends that these businesses follow. The product range of companies is being expanded in an effort to provide customers with a wider variety of items.

Linear Guide Market Segmentation

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• By Type Analysis

By type, market is segmented into ball guide rail, roller guide rail, needle guide rail and others. The ball guide rail type segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into CNC machine, automation equipment, precision electronic machinery and others. The CNC machine segment will lead the global share through 2031.

DRIVING FACTORS

"Government Efforts and Expanding Performance of Passenger Vehicles to Propel the Market"

OEMs will be able to expand their geographic reach and income stream as a result of increased public expenditures in the construction of hydrogen fueling stations and charging stations for electric vehicles. The desire for low-cost, low-emission cars will likely drive steady growth in the Asia Pacific EV market, while government efforts and the expanding high-performance passenger vehicle market are predicted to spur speedy growth in the North American and European markets. The ability to offer precise, slick motion while operating in a constrained location is a constant problem for machine designers from a variety of sectors.

"Use in Manufacturing Industries to Impel the Market Demand"

Manufacturing businesses, especially those in the pharmaceutical, food and beverage, electronics, semiconductor, and electronics sectors, place a high priority on quality control. Every manufacturing facility must have quality control. Manufacturers employ automated linear motion devices for their packaging and production lines all around the world. Today, many manufacturers are putting their attention on automated production methods that boost productivity while reducing throughput. Across all industries, there is an increasing desire for tighter control over goods and services. Automation and quality checks are therefore necessary.

Engineers involved in the creation of industrial automation and robotics might employ linear motion solutions to meet their demands. Robots' size can be decreased while their stiffness and operating speed are both increased by these items. Companies may leverage the rising linear motion in the industrial business through collaborations, acquisitions, and expansions in the robotics sector.

RESTRAINING FACTORS

"Expensive and High Maintenance Cost to Hamper the Market"

There are some significant limiting considerations, such as the expensive cost of linear guides and their high maintenance requirements. These elements can limit the growth of the linear guide market throughout the projected period. A downturn in the industrial sector may potentially impede the expansion of the market for linear guides.

Linear Guide Market REGIONAL INSIGHTS

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"Asia Pacific’s Linear Guide Market to Grow Exponentially with the Forecasted Period"

The linear guide market is predicted to be dominated by Asia Pacific because to the expansion of nations like China and India. The industrial sector in these areas is expanding significantly, and technological advancement in these regions is fueling the expansion of the linear guide market. Several major companies have established manufacturing facilities in Japan as a result of the nation's numerous technical advancements. As a result, it is anticipated that these areas would generate significant business prospects for producers of linear guides.

Due to the growing number of chances in the automotive sector, Europe is one of the main maturing areas that will produce creditable potential in the global linear guide market during the projection period.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• THK (Japan)
• HIWIN (Japan)
• NSK (Japan)
• Bosch Rexroth (Germany)
• IKO (Belgium)
• Schaeffler (Germany)
• PMI (U.S.)
• PBC Linear (U.S.)
• Schneeberger (Switzerland)
• SBC (U.S.)
• TBI MOTION (Japan)
• Rollon (Italy)
• CPC (U.S.)
• Altra Industrial Motion Corp (U.S.)
• HTPM (Germany)
• Best Precision (Japan)
• Yigong China (China)
• HJMT (U.S.)
• DMTG (China)
• Shandong Sair (China)
• ZNT (Germany)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.