World Linear Motion Systems Market: 7.62% CAGR to 2021 Driven by Increasing Revenue from Replacement Activities
ReportsnReports.com adds Global Linear Motion Systems Market 2017-2021 latest research report; the analysts forecast global linear motion systems market to grow at a CAGR of 7.62% during the period 2017-2021.
May 12, 2017 /MarketersMedia/ —
The latest trend gaining momentum in the linear motion systems market is integrated linear motion systems. Linear motors are evolving toward a high level of intelligence and integration with the addition of position feedback-enabled devices, enabling accurate tracking of exact location and speed. These integrated systems are also equipped with better connectivity that allows sending data to supervisory control and data acquisition or enterprise networks. The transferred data can be utilized for analyzing various aspects ranging from process control to business analytics.
Complete report on linear motion systems market spread across 70 pages, analyzing 5 major companies and providing 40 data exhibits are now available at http://www.reportsnreports.com/reports/994438-global-linear-motion-systems-market-2017-2021.html.
According to the linear motion systems market report, one of the major drivers for this market is increasing revenue from replacement activities. Linear motion systems are subject to constant movement along the X or Y-axis or both in industrial applications. Consistent usage of these products results in wear and tear of the linear motion systems, generating the need for frequent maintenance and replacement activities. Since linear motion systems are also subject to friction depending on the type of movement and application in an industry, a major share of revenue generated in the market comes from retrofit/replacement activities.
The following companies as the key players in the global linear motion systems market: Bosch Rexroth, Rollon, SCHNEEBERGER, SKF, and Thomson. Other prominent vendors in the market are: Bishop-Wisecarver, HepcoMotion, Lintech, NIPPON BEARING, PBC Linear, Schneider Electric Motion, Tectra Automation, and THK. Order a copy of Global Linear Motion Systems Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=994438.
Global Linear Motion Systems Market 2017-2021, 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 motion systems market for 2017-2021. To calculate the market size, the report considers the machine tools, material handling (including packaging and palletizing, and robotics applications have been considered for linear motion systems.
Further, the linear motion systems market report states that one of the major factors hindering the growth of this market is lack of effective product differentiation. The market is characterized by an intense competition among the vendors producing a variety of linear motion products at low cost. This problem has intensified, mainly due to the lack of differentiation in the off-the-shelf products supplied by major vendors. Cost-effective and technologically advanced linear motion products coupled with end-user awareness have propelled companies to increase investment in technologies for developing better quality products. Many vendors are trying to attract more customers and sustain sales by offering an extended warranty, replacement options, product support services, and add-on features.
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The linear motion systems market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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